Trade finance fallout
Problems with trade finance hit clothing industry
The financial crisis is blocking traditional trade finance channels, straining both cashflow and trading relationships in the textile industry. And…
CHINA: Export tax rebates on textiles to rise again
China will raise the export rebate on textiles and garments by another percentage point to help the industry cope with…
US: LaCrosse Footwear renews credit facility
Branded work and outwear boot maker LaCrosse Footwear has announced that investor Wells Fargo & Company has extended its three-year line of…
US: Joe’s Sports & Outdoor files for bankruptcy protection
Sporting goods chain Joe’s Sports & Outdoor has filed for Chapter 11 reorganisation so that it can continue to run…
PAKISTAN: Government grants textile finance package
The government of Pakistan has announced another relief package for the country's textile exporters worth PKR11.8bn (USD150m). The bailout is…
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US: Liz Claiborne agrees credit deal, reduces guidance
US women's wear group Liz Claiborne has extended its bank credit facility after reducing year-end debt ahead of expectations, but says fourth quarter…
US: Talbots agrees $150m in new credit lines
Women’s wear retailer The Talbots Inc has agreed three new credit lines in a move that gives it access to…