MARKET & ECONOMY
Steinhoff International has completed the acquisition of Mattress Firm Holding, the biggest US retailer of mattresses.
The Jharkhand Government has signed an MoU with Orient Craft for construction of two textile parks at a cost of Rs 1,500 crore on a 140-acre land. The MoU was signed during the launch of a roadshow named ‘Momentum Jharkhand’ in Mumbai to promote Jharkhand’s global investors summit scheduled for February.
Jaipur-based entrepreneur Mohammed Arif Kagzi is looking to reverse the trend ? from online retailing to brick-and-mortar stores to sell premium women?s garments brand Kashana.
The Italian Chamber of Commerce in Vietnam (ICHAM) organised a technical seminar recently, focusing on the Italian garment and textile technology in Ho Chi Minh city.
Elbit Vision Systems Ltd, a global leader in the field of Automatic Optical Inspection (AOI), implemented in the production and quality control of textile fabrics and technical webs, has received orders totaling about $1 million from China.
In Shengze, offers for 32s polyester yarn fell US cents 3 a kg in the last week of August, and 45s were down on the week.
A recent report from Morgan Stanley Research estimates that the performance apparel market could add $83 billion in sales by 2020.
Colorant Ltd displayed its new range of Colron reactive dyes at the 25th Dye + Chem Bangladesh Expo, which was held at International Convention City Bashundhara, Dhaka, recently.
Colorant Ltd displayed its new range of Colron reactive dyes at the 25th Dye + Chem Bangladesh Expo, which was held at International Convention City Bashundhara, Dhaka, recently.