The US$220m deal will allow PVH to focus on its global growth brands Calvin Klein and Tommy Hilfiger.
Spanish clothing brand Mango is investing EUR35m (US$41.8m) into its logistics centre in Lliçà d'Amunt, Barcelona, in a move that will allow the company to reduce the cost of preparing online orders by 25%.
The US Cotton Trust Protocol has welcomed Gildan Activewear and its portfolio of company-owned brands, including Gildan, Alstyle, American Apparel, and Comfort Colors, as members.
Adding on to established operations currently running in Mississauga, Canada, the first US-based centre will open next month in Rialto, California, with East Coast centres following later in the year.
The acceleration of the next-generation materials industry has been fuelled by advancements in science and technology, changes in consumer preferences, and regulatory trends.