When it comes to denim in Europe, no city is quite as a blue as Amsterdam. The Dutch capital is home to major denim brands such as Tommy Hilfiger, Denham, Scotch & Soda and G-Star as well as a gaggle of upcoming brands and start-ups that have flocked to the denim capital of Europe. What’s more, lovers of jeans in the Dutch capital claim the average Hollander owns at least seven pairs of jeans.
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KPS Capital Partners LP has announced that its portfolio company American & Efird (A&E) signed definitive agreements to acquire majority ownership of Vardhman Yarns and Threads Limited from its joint venture partner, Vardhman Textiles Limited. Upon completion of the transaction, A&E will own 89 per cent of the joint venture and Vardhman Textiles will own the other 11 per cent. The transaction has been approved by A&E and Vardhman Textiles, but remains subject to approval from the Competition Commission of India and other customary closing conditions.
Santex Rimar Group is one of the leading machine manufacturers for weaving, textile finishing, nonwovens, technical textiles and green technologies for water treatment and drying processes.
Santex Rimar Group is one of the leading players in the world market of machine manufacturers for weaving, textile finishing, nonwovens, technical textiles and green technologies for water treatment and drying processes. As a technology partner for knitted, woven fabrics, nonwovens and green solutions the Group started as different companies that in 2015 have evolved into Santex Rimar Group: Cavitec and Isotex lead the technical textiles machinery market; etc.
Fashion is a creative self-expression that prevails in a flexible society. Right from fashionistas to local clothing arenas, all are influenced by the fashion trends, artistic creations and inspirational designs. Fashion designers are always looking at innovations in fabrics and fibres as to what new things they can create. Fashion Design Council of India (FDCI) provides the perfect platform for representing, nurturing, promoting and getting extraordinary fashion talents to the fore.
Denim is nothing new in the Arvind’s stable! But now the Arvind Group’s Denim Division is stretching its imagination beyond the blue to tap the full potential of the Stretch Denim, which is powered by none other than the renowned Lycra.
GST has struck the stumbling-block. Will it see the light of the day is the question on everyone’s lips! An ITJ exclusive report takes a hard look at the issues and various implications of this much-touted taxation initiative. GST, only a few months ago, it was a buzzword. With other pressing political issues and economic concerns, now decision-makers seem to be suffering from a temporary amnesia! The GST debate even has come to a standstill!