Blog: Adili’s AIM debut
Leonie Barrie | 12 December 2007
Green is set to become the new black for ethical online clothing retailer Adili after raising GBP1.5m (US$3.1m) in its initial public offering this week. The company hopes the listing will precede stellar sales growth, and has even hinted that it will be able to produce ethical fashion for the same price as standard high street clothes as it grows in size.
The firm has every right to feel optimistic about its potential since it has a foothold in two of the apparel industry’s most dynamic markets: ethical fashion and online sales.
A recent ethical consumerism report from the Co-operative Bank put ethical clothing as one of the fastest growing sectors in a buoyant market, with sales increasing by 79% last year to GBP52m. And research company Forester estimates that by 2011 e-commerce will reach 32m buyers spending GBP76bn in the UK alone. Both of which suggest that the outlook for Adili is very bright indeed.
Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...
The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...
The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...
The recent bankruptcy of South Korea's Hanjin Shipping, the world's seventh-largest container shipper, at the end of August, has left billions of dollars worth of merchandise in limbo, leaving the fal...
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Fashion fit for the future – strategies for speed
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Gap to shutter all UK Banana Republic stores
- MAS Holdings shares commitment to sustainability
- M&S "unappealing" clothing a barrier to growth
- Reebok Liquid Factory reinvents shoe production
- Bangladesh tops China as lead cotton importer
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020