Prato, a Chinese community, located 11 miles north of Florence, has been the victim of coronavirus. Since the virus hit the community last year, it is believed that around 2,500 people, or 10% of the community has left.
Browsing: COVID 19
With a spike in the number of COVID-19 cases, Karur textile manufacturers and exporters association has announced a complete shutdown of the manufacturing units starting May19.
After the infamous Rana Plaza collapse incident, the global apparel brands entered into safety agreements with local factories in Bangladesh. One of the accords expired in 2018 while the other one is expiring by the end of the month.
The Belgium-based textile innovator has launched two new bio-based textile finishes, both derived from vegetable oils. These products will support the brand’s circularity programme.
The share price of Raymond surged over 5% on May 7, 2021; a day after the company’s fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.
Bangladesh’s apparel exports to the US sustained a negative growth of over 8% YoY and fetched $1.53 billion in January-March 2021, down from $1.67 billion in 2020. The exports from China and Vietnam saw positive growth.
Pakistan-based apparel manufacturers Interloop plans to setup a new factory to expand its production. Expecting to meet the rising demand from the foreign markets, the company aims to double its revenues by FY2026.