Top stories this week on just-style see the Chinese government increase efforts to boost investment in the textile industries of Belt and Road Initiative (BRI) countries, a new five-year plan from Guess that includes moving production out of China to mitigate China tariffs, and J.Crew has agreed terms for the spinoff and initial public offering (IPO) of its Madewell brand. 

China set to strengthen Belt & Road textile reach
The Chinese government has started to double down on driving increased Chinese investment in the textile industry in the Belt and Road Initiative (BRI) countries, notably in Central Asia.

Guess five-year plan sees changes to China sourcing
US fashion retailer Guess Inc has set out a strategic five-year plan designed to grow the business and boost profitability as it eyes an additional US$250m in sales by fiscal 2025 – with operating margin gains helped by vendor consolidation and a move away from China sourcing.

Apparel business interest is growing in Pakistan
With an improving law and order situation, business-friendly policies from its elected government, and incoming Chinese investment under the Beijing-backed CPEC (China-Pakistan Economic Corridor) programme, Pakistan is becoming an increasingly attractive location for foreign direct investment – especially in the textile and clothing sector. 

Cambodia shrugs off EU trade benefit concerns
Cambodian Prime Minister Hun Sen has reportedly waived off concerns at pressure from the European Union (EU) to improve the country's human rights record or risk losing its preferential trade status.

J.Crew reaches agreement on Madewell spin-off
J.Crew Group has agreed terms for the spinoff and initial public offering (IPO) of its Madewell brand but more than tripled its net loss in the third quarter.