Archive by author: IF NewsReturn

Imprima Acquires City Prints & Premier Fabrics

IMPRIMA S.p.A. has acquired  City Prints and sister company Premier Fabrics, both American companies specialised in printed textiles. Imprima, controlled by Wise SGR through the Italian private equity fund Wisequity, now strengthens its strategic positioning, consolidating its global presence as a leading player in the field of printing and textile finishing for international retailers and fashion brands. City Prints and Premier Fabrics, founded in 1997 and headquartered in New Yo...
Read More

H&M Launches Bargain-Hunting Marketplace

H&M (Sweden) will launch Afound, a marketplace that the company has dubbed a “style- and deal-hunting paradise” selling discounted fashion and lifestyle products. The retail concept will feature  both external and the H&M group’s own brands, offering a wide range of well-known, popular brands for both women and men, the company said in a statement.Afound will present a carefully selected, season-less range from Swedish and international brands in a variety of price...
Read More

Marine Veillon Named Eurovet Director, Asia

Marine Veillon has been named Managing Director for Eurovet Asia, which organizes international trade fairs for the intimate apparel, bodywear, activewear and swimwear markets in both Shanghai and Hong Kong. The appointment is effective as of November 24, 2017.Ms. Veillon succeeds Delphine Nguyen who was Managing Director Eurovet Asia for the past seven years.For the past seven years, Ms. Veillon was based in Shanghai and was in charge of business development and acquisitions in Southeast Asia f...
Read More

Far Fetched Sales Soar, Profits Plummet

Farfetch's (UK) soaring revenues came at a cost to profits. Net loss widened to $44 million compared with $36 million last year,  while revenue grew 74 percent to $198 million for the year ending December 31, 2017.Operating loss was $32 million and loss on an EBITDA basis was down to $28.6 million compared to $30 million last year.The company said that the value of goods sold on its online platform increased to around $720 million, while its gross merchandise value jumped almost 81 perc...
Read More
Mike Simko Named Hyosung Global Marketing Director

Mike Simko Named Hyosung Global Marketing Director

Hyosung Corporation (Korea), the world's largest spandex producer and owner of the creora brand, has announced the appointment of a new Global Marketing Director for Textiles Performance Unit to drive Hyosung’s “commitment to excellence” in the textile industry.Mike Simko, Global Marketing Director, will lead the Hyosung’s global marketing of creora spandex, MIPAN nylon and specialty polyester fibers to deliver innovation and superior brand and retail collaborative se...
Read More

US Shows Modest Retail Gain in October

U.S. retail sales rose modestly in October as consumers increased purchases of motor vehicles, sporting goods and a range of other goods, the Commerce Department reported.Retail sales rose 0.2 percent from the previous month to a seasonally adjusted $486.6 billion in October, following a revised 1.9 percent gain in September, the Commerce Department said. Year on year, total retail sales rose 4.6 percent last month.The U.S. economy is expected to expand at 3.2 percent in the fourth quarter, foll...
Read More

J. Crew Q3 Sales Down 12%, Madewell Sales Rise 22%

J. Crew continues to miss the mark with consumers, while sister brand Madewell has found a retail sweet spot with trendy, young shoppers.Third Quarter highlights: Total revenues decreased 5% to $566.7 million. Comparable company sales decreased 9% following a decrease of 8% in the third quarter last year. J.Crew sales decreased 12% to $430.4 million. J.Crew comparable sales decreased 12% following a decrease of 9% in the third quarter last year. Madewell sales increased 22% to $107.5 million. ...
Read More
Program Cultivates Local Technical Talent

Program Cultivates Local Technical Talent

Textile companies are finding it is increasingly costly to send technician from their headquarters to multiple countries around the world to solve production problems. However, the developing countries where most of today’s textiles and apparel is produced are desperately in need of more skilled technicians. Ideally, companies would like to hire local talent rather than recruiting from overseas, people who are comfortable working and living in the country – and will want to stay and grow with...
Read More

Invista Sells Apparel & Advanced Textiles Business to Shandong Ruiyi

INVISTA, one of the world’s largest integrated producers of chemical intermediates, polymers and fibers, has agreed to sell its Apparel & Advanced Textiles business to Chinese textile giant, Shandong Ruyi. The deal is expected to be closed by mid-2018, the purchase price is undisclosed, according to INVISTA. The transaction includes:INVISTA’s portfolio of apparel-focused fibers and brands including LYCRA fiber, LYCRA HyFit fiber, COOLMAX fiber, THERMOLITE fiber and insulatio...
Read More
Page 1 of 2 FirstPrevious [1]2 Last