Global news roundup
The following is a round-up of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.
- The China Chamber of Commerce for Import and Export of Textiles (CCCT) has revealed that 13 textile companies are looking to build factories in Indonesia. Places including Surakarta and Boyolali in Central Java are attractive because of their adequate infrastructure and available human resources. Textile firm Texhong Textile Group Ltd is one of the companies looking at possible sites. JAKARTA POST
- Factory strikes at garment factories in Cambodia have nearly doubled during the first five months of the year, according to the Arbitration Council. Ken Loo, secretary-general of the Garment Manufacturers Association of Cambodia, said these strikes will slow the country's garment manufacturing industry and lead to a fall in year-on-year export growth. Total garment and textile exports rose by 17.52% year-on-year in the first quarter of this year, according to the Ministry of Commerce. THE PHNOM PENH POST
- Sportswear maker Fila, Italian babycare brand Chicco and Louis Philippe are among some of the apparel and accessories brands planning to increase their prices by up to 15% in India to cope with the rupee's decline. The rupee has decreased almost 15% in the past three months to hit a record low of INR56.52. However, brands including Puma are reluctant to pass on higher costs to consumers and want to absorb a one-fifth jump in import costs. THE ECONOMIC TIMES
- Turkish textile companies are looking to invest in Croatia because of its geographical position, water resources and tourism, according to the Croatian Chamber of Commerce (HGK). These factors attract Chinese investment. HGK said 17 Turkish textile firms were represented at the Croatian-Turkish business forum last week, which was organised by the Association of exporters of Textiles and Clothing from Istanbul (ITKIB). THE CROATIAN TIMES
- Textile and garment producers and exporters in the Philippines can improve the quality of their products and benefit by trading with India, according to Miguel Varela, president of the Philippine Chamber of Commerce and Industry. At an exhibition organised by the Synthetic and Rayon Textiles Export Promotion Council, Varela said exhibitions could help revive the Philippines' apparel industry. INDIA TIMES
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French apparel group PPR has entered into an agreement to sell its US plus size business OneStopPlusGroup to private equity firms Charlesbank Capital and Webster Capital as it works to focus on its lu...
Footwear rivals Vibram and Fila have reached a settlement resolving a patent infringement lawsuit....
Esprit has pledged to eliminate all hazardous chemicals from its textile and clothing supply chain by 2020, joining the Roadmap to Zero initiative launched by a number of leading brands and retailers ...
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