The most read stories on just-style this week include Luen Thai acquiring Ocean Sky’s apparel operations, Russell Brands cutting 190 jobs, and Fast Retailing revealing it will eliminate hazardous chemicals from its global supply chain by 2020.
SINGAPORE: Luen Thai to buy Ocean Sky apparel ops for $55m
The apparel operations of Singapore-based Ocean Sky are set to be acquired by Luen Thai Holdings (LTHL) for US$55m.
US: Russell Brands to cut 190 jobs in restructuring
US sportswear manufacturer Russell Brands today (7 January) said it plans to lay off 190 workers as it looks to restructure its apparel decoration operations in Alexander City, Alabama.
JAPAN: Fast Retailing to phase out hazardous chemicals
Fast Retailing Co, operator of the Uniqlo casual clothing chain and Asia’s biggest global fashion brand, is to eliminate hazardous chemicals from its entire global supply chain and products by 2020.
US: TradeCard and GT Nexus to merge global networks
TradeCard is to merge with logistics and transportation specialist GT Nexus in a deal set to create the world’s biggest cloud-based business network for global trade and supply chain management.
BANGLADESH: Fuel price hike hits apparel industry
A hike in the price of fuel will hurt production and transportation costs in Bangladesh’s clothing sector and affect its competitiveness, manufacturers have warned.
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By GlobalData
