The following is a roundup of apparel and footwear news from the world’s local media. just-style has not checked these stories so cannot guarantee their accuracy.
- A sharp rise in garment sales helped boost Bangladesh exports by 34.3% during January, with 70% of overall garment trade with Europe and the US. REUTERS
- Brazilian shoe maker Arezzo Indústria e Comercio SA has raised 502.9m (US$301m) from an initial public offering (IPO) on the Brazilian Stock Exchange last week. DOW JONES
- Japanese garment maker Nakano International has anounced US$8.9m plans to set up a garment manufacturing unit in Bangladesh’s Ishwardi Export Processing Zone, producing denim and cotton pants. ASIA PULSE
- Mauritius’ textile sector is predicting growth in excess of 2% this year, after reporting a 0.7% rise in 2010 amid the global downturn. “Mauritius may benefit from the political instability in some countries of the continent as retailers look for other sources of supply,” Ahmed Parker, director of Star Knitwear, is quoted as saying. REUTERS
- Adidas Group footwear supplier Apache Footwear India is planning to diversify from a SEZ (special economic zone) unit to an EOU (export oriented unit), and doubling its production capacity from four lakh pairs a month to eight lakh pairs. “We’re considering setting up our second plant in Guntur as an EOU because of the tight labour supply as well as constraints of water supply and electricity in Nellore, AP,” Philip Chen, GM, Apache Footwear, was quoted as saying. FINANCIAL CHRONICAL
