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August 6, 2021

Top stories this week on Just Style…

A look at how garment exports from Vietnam pulled ahead of those from Bangladesh in 2020, how increased tensions with Beijing could damage Hong Kong's apparel sector, and acquisitions from both Wolverine Worldwide and Foot Locker.

By Beth Wright

Here are the top stories on Just Style this week:

Vietnam overtakes Bangladesh in global garment exports
Garment exports from Vietnam have narrowly overtaken Bangladesh in 2020 according to new data from the World Trade Organisation’s Statistical Review.

Tensions with Beijing could harm Hong Kong’s apparel sector
Risk experts are warning increased tensions with Beijing and a growing Chinese security presence could damage Hong Kong’s apparel sector.

Wolverine Worldwide acquires Sweaty Betty in US$410m deal
US footwear company Wolverine Worldwide, which owns brands such as Hush Puppies and Keds, has acquired UK-founded luxe sportswear brand Sweaty Betty for US$410m.

The suppliers side of the apparel industry – why them and not us?
The apparel industry is undergoing existential change. To survive, factories, suppliers and their national industries must recognise, accept and deal with that change.

Foot Locker to splash $1.1bn on two retailers
Foot Locker has inked back-to-back deals to acquire two footwear and apparel retailers for a total of US$1.1bn to strengthen its portfolio in North America and accelerate its expansion in the Asia-Pacific region.

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