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Michelle Russell

Thai unions call for higher minimum wage

15 July 2015 | Michelle Russell

A group of trade unions have joined forces to urge Thailand's Government to increase the national minimum wage to bring it in line with the cost of living.... read more


India leads major economy growth table

15 June 2015 | Michelle Russell

India is leading the growth chart of major economies for the first time, a new report has shown, with further growth expected.... read more


UK living wage pressure mounts ahead of Budget

6 July 2015 | Michelle Russell

Pressure is mounting on the UK government ahead of the Budget this week to incentivise businesses to pay the living wage, as a new report suggests doing so could lift 6m people out of poverty.... read more


UK Sunday trading proposal adds to retail pressure

8 July 2015 | Michelle Russell

Additionally, the Chancellor announced a new national living wage of GBP9 (US$13.80) by 2020, which he says will boost the pay of 2.5m poorer workers by a third.... read more


US unions close in on six-year port contract extension

28 March 2018 | Michelle Russell

Unions say they have made "significant" progress on terms for a six-year extension to the master contract for workers at ports on the US Atlantic and Gulf coasts.... read more


US: Port contract negotiations pause once again

28 July 2014 | Michelle Russell

Talks concerning a new labour contract for US West Coast dockworkers have been paused for the third time this month.... read more


World Bank commits $57bn to sub-Saharan Africa

21 March 2017 | Michelle Russell

The World Bank has committed US$57bn in financing for sub-Saharan Africa over the next three years in a move designed to change the development trajectory of countries in the region.... read more


Huntsman to retain textile unit amid spin-off

18 January 2017 | Michelle Russell

Chemicals manufacturer Huntsman Corporation has decided to retain its textile effects business and exclude it from the planned spin-off of the company's Pigments and Additives division.... read more


Puerto Rico seeks partner for port development

15 October 2014 | Michelle Russell

The Puerto Rican government has said it is looking for a major international port operator to partner with on the development of the Port of the Americas.... read more


China's industrial economy shows signs of slowdown

12 September 2016 | Michelle Russell

Although China's economic growth beat expectations in the second quarter, the country's industrial economy is showing signs of a slowdown due to lack of investment and overcapacity, a new report suggests.... read more


Malaysia minimum wage increase under review

4 July 2018 | Michelle Russell

Malaysia's private sector workers could be close to receiving a higher minimum wage, with the Government expected to make an announcement by August.... read more


Global economy to hit deepest recession since WWII

15 June 2020 | Michelle Russell

Europe’s economy is expected to shrink by over 9% this year, and the US’ by over 6%, new data shows, as shutdown measures related to the coronavirus pandemic plunge the global economy into contraction.... read more


Myanmar begins review of minimum wage

13 January 2020 | Michelle Russell

The Myanmar Government has begun its bi-annual review of the country's minimum wage with a view to a potential increase later this year.... read more


US apparel, retail sectors welcome government stimulus package

22 December 2020 | Michelle Russell

The US retail and apparel industries have welcomed the passage of the Emergency Coronavirus Relief Act of 2020; one of two bills passed this week providing around US$900bn in funding to address the Covid-19 pandemic.... read more


China's designation as currency manipulator removed

27 January 2020 | Michelle Russell

China had its designation as a currency manipulator removed by the US just days before the two countries signed the 'Phase One' trade agreement.... read more


US: RG Barry enters into purchase agreement with Mill Road

16 December 2013 | Michelle Russell

RG Barry Corporation has entered into a non-disclosure standstill agreement with Mill Road Capital Management for the purchase of the US footwear firm.... read more


US: Perry Ellis lowers guidance on Q3 sales drop

14 November 2013 | Michelle Russell

Apparel group Perry Ellis International has lowered its full-year earnings and sales guidance after of a drop in private label revenues.... read more


US: Sales boost Family Dollar Q3 profits

29 June 2012 | Michelle Russell

US retailer Family Dollar Stores has booked another record quarter, after higher sales led to a double-digit rise in third-quarter profits.... read more


Björn Borg reveals mixed Q3

6 November 2015 | Michelle Russell

Swedish underwear brand Björn Borg has booked mixed third-quarter results, recording the group's “best ever” sales result while earnings and margins fell. ... read more


Global cotton prices to remain range-bound

24 June 2015 | Michelle Russell

Global cotton prices are likely to remain range-bound, or negligible, during the 2016 cotton year, even if domestic production declines by 10-15%, a new report has suggested.... read more


Arvind Q1 earnings slide 33%

7 August 2015 | Michelle Russell

Textile and apparel business Arvind has posted a drop in earnings in its first-quarter but noted steady growth in textiles business.... read more


India exports to maintain growth but work needed

20 October 2015 | Michelle Russell

India's apparel industry is expected to maintain its growth rate by increasing exports to US$18bn this year, but its share of global trade could suffer unless structural challenges are addressed, a new study suggests.... read more


Hermes secures sourcing supply with Tanneries du Puy buy

4 December 2015 | Michelle Russell

Hermès Cuirs Précieux, the tanning unit of French luxury goods group Hermès International, has acquired long-standing partner and calf leather supplier Tanneries du Puy.... read more


Lenzing recommends Obendrauf as CFO

2 December 2015 | Michelle Russell

Austrian cellulosic fibre producer Lenzing has named Thomas Obendrauf as its recommended finance chief to replace the departing Thomas Riegler.... read more


Lenzing more than doubles Q1 earnings

19 May 2015 | Michelle Russell

Austrian cellulosic fibre producer Lenzing more than doubled earnings in its first-quarter thanks to a marketing drive for speciality fibres and the benefits of its cost cutting programme.... read more


Bangladesh apparel exports miss target

8 July 2015 | Michelle Russell

Bangladesh apparel exports increased in its last fiscal year, but missed the country's target, new figures have revealed.... read more


Lenzing reports higher H1 sales and earnings

25 August 2015 | Michelle Russell

Lenzing has booked higher first-half earnings and sales but warned on the economic situation in China and exchange rate fluctuations for the remainder of the year.... read more


UK: Burberry files trademark lawsuit against South Korea's SBW

14 March 2014 | Michelle Russell

Luxury business Burberry has filed a trademark infringement lawsuit against South Korean underwear manufacturer SBW.... read more


Unifi sees performance improvements in Q1

22 October 2015 | Michelle Russell

US yarn manufacturer Unifi said it is continuing to see improvements in the performance of its premier value-added products as it revealed an increase in first-quarter earnings.... read more


Global Brands acquires hosiery group Planet Sox

6 November 2015 | Michelle Russell

Global Brands Group has acquired hosiery design, marketing and distribution company Planet Sox as part of plans to bolster its presence in the sock industry. ... read more


UK: Berghaus completes merger deal with Brasher

12 June 2014 | Michelle Russell

Outdoor performance clothing and footwear specialist Berghaus has completed a deal to integrate footwear firm Brasher into its business.... read more


UK: Dr Martens appoints Deckers exec Murray as CEO

18 August 2014 | Michelle Russell

British footwear brand Dr Martens has appointed Deckers Outdoor executive Steve Murray as its chief executive officer.... read more


Update: Cambodia sets new minimum wage at US$140

9 October 2015 | Michelle Russell

Swedish fashion retailer H&M has come out in support of the new minimum wage for clothing workers in Cambodia, which has been set at US$140 per month – a 9.4% increase on the current wage of $128 – from the beginning of next year.... read more


China's yuan devaluation to impact textile and clothing sector

13 August 2015 | Michelle Russell

Exchange rate variations could “significantly” influence China's textile and apparel exports, a consultancy has suggested, after the government cut the guiding rate for the yuan for a third consecutive day.... read more


Cotton stocks outside China to keep prices low

5 May 2015 | Michelle Russell

Excess cotton stocks held outside China are likely to keep international cotton prices down in 2015/16, says the International Cotton Advisory Committee (ICAC).... read more


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