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Saturday, March 23, 2019
Administration looming for Debenhams?  (2019-03-22)
  Struggling UK department store retailer Debenhams today (22 March) revealed it is seeking a cash injection of up to GBP200m (US$263m) from existing lenders - just minutes before Sports Direct International offered to buy its Danish business Magazin du Nord for GBP100m.
NCTO elects Glen Raven CEO as 2019 chairman  (2019-03-22)
  The National Council of Textile Organizations (NCTO) has elected Leib Oehmig, CEO of Glen Raven Inc, as its new chairman for 2019.
Tintex joins water-saving textile initiative  (2019-03-21)
  Portuguese textile manufacturer Tintex is partnering with non-profit organisation Drip by Drip to develop new textile solutions with the lowest possible water footprint.
Top stories this week on just-style...  (2019-03-21)
  Top stories on just-style this week were dominated by China, with a look at the impact of an environmental protection tax on the country's textile production, and an Op-Ed from Rick Helfenbein, president and CEO of the American Apparel & Footwear Association (AAFA), on the consequences of President Trump's "flawed" trade strategy. Meanwhile, the United Nations has officially launched the 'UN Alliance on Sustainable Fashion,' and a new tool is being developed to enable greater traceability in garment supply chains.
Next says no-deal Brexit could save it up to GBP15m  (2019-03-21)
  British fashion retailer Next Plc says it could save up to GBP15m in tariffs under a no-deal Brexit -  which it would pass on to shoppers via lower prices.
New guidance tackles forced labour in cotton sourcing  (2019-03-21)
  The Responsible Sourcing Network has published two new documents that help establish an industry-wide approach to identify and address forced labour in cotton sourcing.
Instagram rolls out another seamless shopping feature  (2019-03-21)
  Social media platform Instagram has taken yet another step towards "seamless" shopping, launching a new feature that will allow shoppers to buy products, including apparel, without leaving the app.
Nine West emerges from Chapter 11 as Premier Brands Group  (2019-03-21)
  Footwear and apparel firm Nine West Holdings Inc has emerged from Chapter 11 bankruptcy and has been renamed Premier Brands Group Holdings LLC.
Next posts FY profit fall "exactly" as expected   (2019-03-21)
  British fashion retailer Next Plc saw its shares slip by almost 2% this morning (21 March) despite delivering profits "exactly in line" with its guidance and maintaining its forecast for the year ahead.
Ted Baker in 26% FY profit tumble  (2019-03-21)
  UK lifestyle brand Ted Baker has sounded an optimistic note despite posting a 26.1% drop in pre-tax profit for the year.
Levi Strauss raises more than US$623m in IPO  (2019-03-21)
  Denim giant Levi Strauss & Co has raised more than US$623m in its initial public offering (IPO) yesterday (20 March) after selling 36.7m shares priced at $17.
Guide tackles transparency in cotton supply chains  (2019-03-21)
  Responsible Sourcing Network has published two new documents it says will establish an industry-wide approach to identify and address forced labour in cotton sourcing.
Store closures and bankruptcies weigh on Li & Fung FY  (2019-03-21)
  Sourcing giant Li & Fung says a rapidly changing retail landscape that saw record levels of store closures and customer bankruptcies took a toll on its last financial year, with core operating profit down by 20%.
Oritain hire to tackle fraud in fashion supply chains  (2019-03-20)
  Product traceability specialist Oritain has appointed a new managing director for North America in a bid to boost its expertise in cotton and agriculture to tackle fraud in global fashion and textile supply chains.
Sri Lanka sets sights on ambitious apparel export growth  (2019-03-20)
  Sri Lanka is eyeing annual clothing exports of US$8bn by 2025 after passing the US$5bn milestone in 2018 - a move seen as especially significant for the country because it has been achieved while maintaining an "ethical and reliable brand."