UK: Woollen mills tap into increasing demand
Woollen mills in the UK are expanding as a result of growing demand across Europe and Asia, according to The Woolmark Company.
Almost every mill in the country has seen its turnover "rise sustantially," the marketing and licensing group said.
Revenue at Yorkshire-based Abraham Moons, for example, has nearly doubled to GBP15m (US$23.5m) in 2013, from GBP8m in 2008, and the firm has increased its capacity by 45,000 sq ft in the same period.
"Consumption of luxury goods is forecast for continued growth during these tougher economic times, just as it has over the last five years," said Stuart McCullough, CEO of Australian Wool Innovation (AWI), parent of The Woolmark Company.
"This is the case for the UK as well as more dynamic developing nations such as China and India."
Some 70% of woollen textiles manufactured in the UK are now exported, compared to 50% in the 1980s, according to The Woolmark Company.
In the last few years Jigsaw, Hackett, Margaret Howell and Burberry have all moved their knitwear manufacturing back to the UK, where the wool apparel market is worth GBP1.24bn.
In addition, US clothing retailer J Crew designs suits made from woollen fabrics manufactured at Abraham Moons, while Chanel bought Barrie Knitwear's factory in Scotland last year.
The Woolmark Company plans to increase its 2013-14 marketing spend from A$23m (US$23.7m) to over A$35m to boost demand for merino wool in the UK, US, and China.
Burberry has named its first regional chief executive officers as part of plans to expand its global reach. ...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
UK luxury brand Burberry has hired telecoms boss Matthew Key as a non-executive director to drive growth in digital....
Continuing to develop its online offer is part of Burberry's attempts to manage the uncertain macro-economic environment. ...
Burberry has recorded a jump in first quarter retail revenue, which it said was driven by the exceptional performance of its spring summer collection. ...
The owner of the iconic Hunter wellington boot brand has announced a series of appointments to its senior team, including former Burberry executive Niall Sloan as global design director. ...
Paris-based Children Worldwide Fashion Group (CWF) has selected Centric Software's product lifecycle management (PLM) system to help streamline its product development process....
Luxury goods business Burberry has today (21 May) booked a 14% rise in full-year profit, bolstered by increased demand in China and Hong Kong and overseas store growth....
- Where next for 3D design and prototyping?
- What Marks & Spencer's numbers mean for clothing
- Balance essential in garment supply chain
- Apparel buyers miss out on commodity cost savings
- Tanzania adds to Africa’s apparel sourcing mix
- Brandix named PVH ‘Global Supplier of the Year’
- Earthquake damage at Bangladesh garment factories
- Ascena Retail to buy Ann Taylor owner for $2bn
- China and India to exploit trade relationship
- AGOA delays drag on sourcing decisions