Category: Global

Alessandro Zucchi becomes new President of ACIMIT

ACIMIT, the Association of Italian Machinery Manufacturers for the Textile Industry members’ assembly held on 27 June, 2017 and called Alessandro Zucchi to succeed Raffaella Carabelli as President of ACIMIT. Born in the province of Bergamo in 1958, Zucchi is married and a father of two children. He has garnered multi-year experiences in the textile machinery sector, and is currently Managing Director and a partner at Ferraro, a manufacturer specialising in finishing machinery. In addition, he is a shareholder in another company in the sector, Burocco Valvole, of which he is Executive Vice President. Zucchi has long been active...

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EU technical textiles & menswear exports up in 2016

Technical textiles and menswear exporters in EU-28 nations registered good performance in 2016, according to The European Apparel and Textile Confederation, Euratex. Technical textiles sector is a pillar of textile exports outside the EU with a 38 per cent share in 2016, while menswear exports accounted for 23 per cent of total clothing exports. Technical textiles exports outside the EU-28 once again increased year-on-year to almost 10 bn euro, an increase of 2.4 per cent in value. “With 20 per cent of technical textile purchases from the EU-28, the US was far and away the main client,” Euratex states...

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Eddie Lampert says might consider deal with Sears Canada

Eddie Lampert’s ESL Partners LP and Fairholme Capital Management LLC said they are considering a potential deal with Sears Canada as the retailer looks to restructure itself under bankruptcy protection. Lampert is the Chief Executive of US-based Sears Holdings Co, from which Sears Canada was spun off in 2012. Sears Canada sought creditor protection last month after suffering a steady decline in sales due to competition from big-box retailers and online merchants. ESL Partners and Fairholme, which together own about two-thirds of Sears Canada, said recently they had engaged a legal adviser and were “evaluating, discussing and considering a...

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Walmart pulls onesie after complaints from Indigenous people

Walmart Canada says it is pulling an onesie off its shelves after receiving complaints that said the garment was offensive to Indigenous people. The onesie had the phrase, “I Still Live with My Parents” written on it with illustrations of teepees and an arrow. Walmart Canada says the graphic on the item does not represent its beliefs and has no place in its stores. Some people took to Twitter saying the garment was offensive because Indigenous children disproportionately go to foster care. Others suggested it was insensitive given Canada’s history with residential schools. Anika Malik, a spokeswoman for Walmart,...

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Ethiopia targets to earn $30 bn forex from textiles by 2030

Ethiopia aims to generate $30 bn in foreign exchange earnings from the textiles and clothing sector by 2030, according to Ethiopian State Minister of industry Bogale Feleke. Ethiopia, one of the fastest growing economies of Africa, is on the constant effort to increase its cotton production. In a year, Ethiopia produces around one lakh tonnes of cotton. “We intend to increase our area of cotton production. At present, only 20 per cent of three mn hectare is used for cotton production while we aim to increase to around 80 per cent,” said Feleke. Ethiopia has nearly 175 textile units....

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