16 October 2023
16 October 2023
As Türkiye prepares to celebrate its 100th anniversary of being a republic, apparel industry stakeholders reaffirm their commitment to making the sector a key alternative sourcing destination to China amid ongoing geo-political tensions.
British fashion conglomerate Frasers Group ups stake in fast fashion online retailer Boohoo Group for third time in five months, meanwhile there are reports it is cutting 100 jobs at its Studio Retail brand in Lancashire.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) asked representatives from the International Monetary Fund (IMF) for help on 15 October.
Sustainability, ethical practices and human rights were the focus of this week's apparel industry top posts on X, coming from the Uzbek Forum for Human Rights, Arvind Limited and Origem Sustainable Sourcing.
UK retailer Next Plc has announced it has signed terms to acquire FatFace for a total equity value of £115.2m ($140.03m).
US lingerie brand, Victoria's Secret & Co. has announced its strategic growth plan to solidify its position as a leading player in the intimate apparel fashion industry and harness the full potential of its Victoria's Secret and Pink brands.
Non-profit, Accelerating Circularity has launched the "Reality Zone" workshop in partnership with vintage clothing store, Beyond Retro and its parent company wholesale second-hand reseller, Bank & Vogue to increase the use of mechanically recycled cotton fibres, fabrics and garments.
A new report from the Transformers Foundation is urging stronger relationships with cotton farmers, suggesting it is the only way toward “real transformation” in the industry.
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Per GlobalData estimates, the Eastern European food industry was valued at $180.5 billion in 2022 and is projected to grow at a CAGR of >4% by 2027. The top five companies together account for a value share of just 5.3% in 2022, with Mondelēz leading the pack. The Czech Republic, Poland, Romania, and Hungary were identified as high-potential countries, primarily due to the large size of their food industries, their high
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