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Market Buzz& Industry News

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Haiti's apparel exports seen rising despite turmoil 

03/26/2019

Haiti's apparel exports are set to rise 8% this year despite political turmoil that has seen several factories in the capital Port Au Prince area shutter in recent months.

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Aldi Nord and Aldi Sud commit to responsible water use

03/25/2019

German discount supermarkets Aldi Nord and Aldi Sud have committed to responsible use of water in their textile supply chains. 

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Moss Bros shares tumble 10% on FY loss

03/26/2019

Shares in Moss Bros Group were down by more than 10% this afternoon (26 March) as the men's wear retailer swung to a loss for the year ended 26 January on factors including lower retail store sales, weaker sterling and significant cost headwinds.

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Asos urges third-party brands to tackle modern slavery

03/26/2019

UK online fashion retailer Asos has renewed a call for its third-party brands to actively increase transparency and build capability to tackle modern slavery in their global supply chains.

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Nike earns third Fair Labor Association reaccreditation

03/26/2019

US sporting goods giant Nike has received its third accreditation from the Fair Labor Association (FLA) for its social compliance programme - a move that confirms the company continues to have policies and practices in place to monitor and fix labour abuses in its supply chain. 

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Boohoo bolsters portfolio with MissPap acquisition

03/26/2019

Online fashion retailer Boohoo has acquired women's pureplay fashion brand MissPap in a move expected to provide the group with another vehicle to drive rapid growth.

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Guess launches green apparel collection with Candiani Denim

03/26/2019

Fashion retailer Guess Inc has partnered with fabric producer Candiani Denim to develop a new capsule collection for men and women made with environmentally conscious materials and manufacturing processes. 

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UK firm develops plastic free glitter for fashion

03/26/2019

A UK-based supplier of metal powders and glitters has today (26 March) launched what it claims is the world's first plastic-free glitter for the fashion industry, based on natural materials and designed to decompose like a leaf in the natural environment to leave no trace.

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Lunelli Group picks PLM to boost speed to market

03/26/2019

Brazilian fashion group Lunelli Group has invested in a PLM system to support its digital transformation and boost speed to market.

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Alliance brands back new Bangladesh factory safety scheme

03/20/2019

A group of former members of the now-defunct Alliance for Bangladesh Worker Safety has teamed up with several other brands to launch Nirapon, a voluntary programme tasked with overseeing the ongoing safety, training and helpline efforts in Bangladesh ready-made garment factories.

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Tunisia government-industry pact to push apparel growth

03/14/2019

Tunisia's textile and garment manufacturers hope that the signing of a new public/private partnership pact with the government will enable industry to meet its full potential.

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Ascena to sell stake in Maurices chain for $300m

03/25/2019

Shares in Ascena Retail Group, owner of the Ann Taylor, Loft and Lane Bryant chains, have jumped more than 12% after the company said it is selling a majority stake in its Maurices women's clothing business for $300m.

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US removes Uzbekistan cotton from child labour list

03/25/2019

The US may be able to start sourcing cotton from Uzbekistan again following the Department of Labor's determination that the use of forced and child labour in the cotton harvest has been significantly reduced.

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George at Asda to list second-tier supplier factories

03/25/2019

George, the fashion and homewares arm of UK supermarket group Asda, is taking a number of steps to improve the ethical and environmental impact of its products - including using only polyester that is sourced from recycled materials by 2025, and publishing a list of its second tier apparel supplier factories.

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Jeanologia steps closer to eradicating textile industry discharge

03/25/2019

Denim finishing technology specialist Jeanologia says it has launched a new technology with the potential to "completely eliminate" discharge in the textile industry.

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PVH to take back control of Tommy Hilfiger in SE Asia

03/25/2019

US apparel giant PVH Corporation is taking back more direct control of its Tommy Hilfiger business in Central and South East Asia ahead of plans to expand the brand in the region.

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Le Coq Sportif bolstered by US$11m private equity investment

03/19/2019

French sportswear brand Le Coq Sportif has received a EUR10m (US$11.35m) investment from private equity firm Mirabaud Patrimoine Vivant, which it says will allow it to "pursue its current industrial and sporting development".

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US Q4 in brief - G-III Apparel, Guess Inc, J Crew, DSW

02/06/2019

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Guess Inc released its first results under new CEO Carlos Alberini, J Crew moved to a loss, and Tilly's finished fiscal 2018 with its strongest single-quarter comp sales result since the third quarter of fiscal 2011.

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China and changing consumer top of mind for US apparel execs

03/20/2019

Taking the theme 'Demand and Deliver,' this year's annual American Apparel & Footwear Association (AAFA) Executive Summit mulled American trade policy, along with finding creative ways to thrive amid an ever-changing retail landscape.

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Digital focus helps drive Nike's Q3 growth

03/20/2019

Nike Inc's focus on driving speed, innovation and digitisation across its business - its so-called Triple Double strategy - has helped the US sporting goods giant to strong growth during the third quarter.

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