Top stories this week on just-style include a look at how an unexpected windfall from the end of the Trans-Pacific Partnership (TPP) is boosting textile investment in Ethiopia, Ralph Lauren cuts more than 100 jobs as part of an ongoing turnaround strategy, House of Fraser acquires London-based premium fashion brand Issa, and Adidas is to sell its golf business in a deal valued at US$425m.
TPP demise helps propel fabric mills to Ethiopia
Textile investment is pouring into Ethiopia, helped by the shared vision of brands, manufacturers and fabric mills, government support, preferential trade deals, investments in infrastructure, low costs – and an unexpected windfall from the end of the Trans-Pacific Partnership (TPP).
The Flanarant – An assembly-worker free apparel industry?
For the past 20 years, Western buyers have been getting lower prices by switching production to countries with exceptionally low wages. But do recent announcements from Amazon and Adidas mean automated manufacturing is going to grow? asks Mike Flanagan.
Ralph Lauren cuts 107 jobs under turnaround plan
US apparel giant Ralph Lauren is to cut over 100 jobs in North Carolina as part of a turnaround strategy to restructure and return the company to sustainable, profitable growth.
House of Fraser buys premium fashion brand Issa
UK department store retailer House of Fraser has acquired London-based premium fashion brand Issa, underpinning its strategy to invest in improving the quality and designs of its most popular House brands.
Adidas sells golf business in US$425m deal
German sportswear group Adidas has entered into a deal to sell its TaylorMade, Adams Golf, and Ashworth golf brands in a deal valued at US$425m.
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