Category: Global

Western Hemisphere fair concludes

The Cotton USA Western Hemisphere sourcing fair held in Cancun, Mexico, from June 12 to 14, 2017 to identify business partners for sourcing US cotton products, by the Cotton USA, which promotes US cotton fibre and manufactured cotton products, ended successfully. The Cotton USA event is an industry gathering for the cotton textile supply chain. The event brought together 11 US mills, 19 retailers/brands from the US, Canada, Latin America, and Europe and 46 apparel manufacturing companies from Colombia, El Salvador, the Dominican Republic, Guatemala, Honduras, Mexico, Nicaragua, and Peru. The sourcing fair included a conference session with a...

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Kingbird launches high tenacity polyester yarns

Kingbird, a global leader in manufacturing yarns and threads in China, has introduced high tenacity polyester yarns in the North American and European Markets. These are multifilament polyester sewing threads manufactured from the best quality raw material to guarantee stable and high speed stitching and are meant for knitting, weaving and braiding. “All our clients in North America and Europe can now access our super low shrinkage, low shrinkage and normal shrinkage, high tenacity polyester yarns,” said Jessica Lee, Kingbird’s Product Manager. “Kingbird’s high tenacity polyester yarn is popular for its toughness, exemplary chemical resistance and durability, hence, suitable...

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Walmart announces acquisition of Bonobos Inc.

Walmart has announced that it has entered into an agreement to acquire Bonobos, Inc., one of the leading apparel brands built on the internet, for $310 million in cash. The acquisition, which is subject to regulatory approval, is expected to close toward the end of the second quarter or the beginning of the third quarter of this fiscal year. Following the closing, Andy Dunn, founder and CEO of Bonobos will report to Marc Lore, President and CEO of Walmart US e-commerce, and oversee the company’s collection of digitally-native vertical...

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EU urges Bangladesh to preclude RMG workers’exploitation

Bangladesh needs to step up its efforts to prevent the exploitation of textile workers, said the members of European Parliament (MEPs) in a resolution adopted recently. Textile workers in Bangladesh, many of whom are young women, suffer long working hours, low wages, uncertainty and hazardous conditions. Trade union leaders are often persecuted. The 2013 Sustainability Compact, aimed at preventing tragedies like the April 2013 Rana Plaza factory collapse in Dhaka, has resulted in moderate improvements in workplace safety, but respect of workers’ rights is lagging behind, MEPs noted in a non-binding resolution adopted by a show of hands.Reviewing the...

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Nike to sack 2 per cent of its global workforce

Nike has announced a new business structure, which among other changes involves trimming 2 percent of its workforce globally. “Nike’s leadership and organizational changes will streamline and speed up strategic execution,” the retailer said in a statement on Thursday, explaining plans of how Nike will also change the reporting divisions of its company. “The changes are expected to result in an overall reduction of approximately 2 percent of the company’s global workforce,” Nike said. As part of the organizational changes, about 1,400 employees are expected to lose their jobs. Nike had 70,700 employees as of May 31, 2016. Shares...

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