Issue
4: 4th Quarter 2008

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Global apparel markets: business update, 4th quarter 2008 |
23 pages,
published in Issue 4, 4th Quarter 2008
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- INTERNATIONAL TRADE
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- Indonesia’s textile exports are forecast to rise by 2.6% in volume terms during 2009
- Vietnam’s textile and apparel industry has been set an export target of US$25 bn by 2020
- MARKETS
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- Demand for organic cotton is forecast to increase by 54% during the 2008/09 crop year
- ACQUISITIONS, DIVESTMENTS AND MERGERS
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- BankInvest has signed an agreement to acquire a 20% stake in Son Kim Fashion (SKF)
- Gap has completed the acquisition of Athleta
- Li & Fung has completed the acquisition of Miles Fashion Group
- Ningxia Zhongyin Cashmere has agreed to acquire Todd & Duncan
- CORPORATE SOCIAL RESPONSIBILITY
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- Garment workers in Bangladesh are on "poverty wages", claims a UK charity
- COMPANY RESTRUCTURING AND REORGANISATION
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- La Redoute plans to refocus its efforts towards Internet sales
- STRATEGIC VENTURES
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- Aeffe Group has signed a franchise agreement in South Korea with SE International
- Australian Wool Innovation (AWI) and Reliance Industries are planning to collaborate in order to develop a new fabric for men’s wear
- Cherokee has launched its Cherokee brand in Peru
- Gap has expanded its Outlet business to Canada
- H&M has entered into a franchise agreement with Match Retail to open H&M stores in Israel
- Iconix Brand Group has entered into a licensing agreement with US sportswear firm ECI
- Marc Jacobs International and Sumitomo have entered into an agreement to set up a
- joint venture distribution company in Japan
- Marks & Spencer (M&S) has opened its first store in mainland China
- Moschino and Altana have signed a licensing agreement relating to Moschino children’s wear
- UPM Raflatac has opened a manufacturing site in Guangzhou, China, for the production of radio frequency identification (RFID) tags
- Wacoal Holdings is planning to open 20 retail stores in Vietnam by 2011
- INVESTMENTS
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- Carvico Jersey Lomellina Group has invested US$27 mn in a new knitting plant in Vietnam
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