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Tag:Apparel Industry Announcement

Proposed 35% GST on luxury RMG faces backlash from Indian industry

India has proposed to hike the goods and services tax (GST) on expensive ready-made garments (RMG) to 35 per cent. The final decision...

Ugandan think tank concerned over proposed govt ban on mitumba imports

The Economic Policy Research Centre (EPRC), a think tank under Uganda’s Makerere University, recently expressed concern over the government’s planned initiative to ban...

Turkiye’s clothing-footwear CPI up 31.45% YoY, down 0.25% MoM in Nov

Turkiye’s general consumer price index (CPI) rose by 2.24 per cent month on month (MoM) and 47.09 per cent...

German brand Puma signs iconic deal with Portugal Football Federation

Sports company PUMA has signed a long-term agreement with the Portuguese Football Federation (FPF), one of the world’s most...

US’ Abercrombie & Fitch’s sales up 14% YoY to $1.2 bn in Q3 FY24

Abercrombie & Fitch (A&F) Co, a global, digitally led, omnichannel specialty retailer of apparel and accessories, has generated net sales of $1.2 billion...

Primark sells 66% of clothes made from sustainable materials in 2023

Primark's third annual Sustainability and Ethics Progress Report has revealed that over the past 12 months, two-thirds (66 per...

HSBC study report urges Bangladesh to diversity export basket

Bangladesh should diversify its export basket beyond garments to include pharmaceuticals, leather goods, jute products and agro-processed goods, HSBC...

US brand Wolverine Work Group appoints Mike Maloney as CPO

The Work Group of Wolverine World Wide, Inc. (NYSE: WWW) today announced the appointment of industry veteran Mike Maloney as its new Chief Product Officer. Mr. Maloney will...

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Boy, 8, saves choking friend with Heimlich maneuver: See the video

An 8-year-old boy is being hailed as a hero after saving the life of his choking friend...
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Sri Lanka central bank fines Indian Bank – Times of India

CHENNAI: The Central Bank of Sri Lanka has penalised state-owned Indian Bank for failing to conform...

Italy’s OVS SpA posts $436 mn Q3 2024 net sales, up 12.8% YoY

OVS SpA, an Italian clothing company has achieved net sales of €414.7 million (~$436.0...

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