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.
- Around 125 child workers have been rescued from leather manufacturing units and hotels in Mumbai, India. The victims, aged between 5 and 14 years old, were being paid INR1,000 (US$16.35) to INR3,000 a month. According to police, 32 owners of the establishments where they were found have been arrested. BUSINESS STANDARD
Around 12 Hong Kong garment manufacturers have joined forces to set up an industrial park in Myanmar: part of the 400-hectare Thilawa Special Economic Zone. The firms hope to benefit from the low cost of production in Myanmar, where wages are about 20% of those in China. The park is expected to be operational by the end of 2015. SOUTH CHINA MORNING POST
Uzbek textile businesses will increase investments in projects by 6.7% to US$165m in 2014, according to state joint stock company Uzbeklegprom. They will be funded by foreign direct investments and bank loans. It is estimated that 15m pairs of hosiery, 12m garments and 10.5m sq mt of cotton fabric will be produced this year. CA-NEWS
Benetton, Zara and H&M are among some of the companies set to purchase wool made in Kazakhstan. Kazakhstan has started exporting wool top - a semi-processed product from raw wool - to Italy, with the first 18 out of 72 tonnes having already been shipped. KAZINFORM
Taiwanese clothing manufacturer Grand Twins International is to launch an initial public offering (IPO) on the Cambodia Stock Exchange on 8 May. Funds raised will pay off debts, cover the costs of listing, and fund future expansion plans. The shares for sale are expected to equal a 20% stake in the company. THE PHNOM PENH POST
Zara Hellas plans to maintain its network, following a period of general rationalisation of all Inditex brands in Greece, which reduced its number of outlets. At the same time the company will continu...
Canadian department store operator Hudson's Bay Company has more than halved its losses during the second quarter, thanks to a near-doubling of sales....
Zara Norge wishes to maintain its position as a company that offers high-quality clothing and footwear with high-fashion clothing designs. The company wants to continue to reduce its conventional supp...
Zara operates the international brands Zara, Bershka and Pull & Bear. Zara is currently the most recognised brand among Venezuelans as it was the first to be launched in the country. Bershka and Pull ...
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