Business

Starting from Milan, PG Denim is set to enter the premium market focusing on research and ancient tradition to shape an avant-garde denim concept with a 100 per cent Italian integrated supply chain and outstanding quality of materials and processes. It is currently participating in ‘Ciao Milano’...

Bangladesh and Japan yesterday signed their 40th ODA deal involving $2.5 billion to implement four projects to boost ties between the two countries. Economic Relations Division Secretary Monowar Ahmed and Japanese Ambassador to Bangladesh Hiroyasu Izumi signed the deal on behalf of their respective sides. Prime Minister...

No one in the supply chain foresaw a time when certain hides would be so cheap that there would be little value in processing them, and they would go to waste. “Nobody had a Plan B,” says the author of our exclusive Market Intelligence report. “The industry...

Turkey’s leather industry achieved export revenues of US$585 million in the first four months of 2019, showing signs of a small increase compared to recent years. In 2016, 2017 and 2018, the sector’s total export revenues were between US$1.5 billion and US$1.6 billion per year. Annualised, the...

Eurozone equities were held down yesterday as investors tracked a brewing political fight between Brussels and Rome, and continued to digest the outcome of elections for the European Parliament, dealers said. Milan, Frankfurt and Paris all retreated as Italian debt concerns returned to the fore. London, where...

Though Nigerian garment markets are saturated with Asian items, domestic manufacturers—now trained, informed and having embraced value chain production systems—only need encouragement and funds as mass production needs capital and many are still at the workshop level struggling to meet delivery, said a top Nigerian Export Promotion...

Thailand is likely to gain more than lose if the United States imposes tariffs of up to 25 per cent on an additional list of Chinese imports worth $300 billion, says a Thai commerce ministry study. If US import tariffs are raised, Thailand is expected to gain...

British retail tycoon Philip Green’s Arcadia Group recently announced plans to close 23 of its 566 UK-Irish stores in a major restructuring of the fashion business that may also see its Topshop/Topman stores close in the United States. Arcadia said it had instigated seven company voluntary arrangements...

Cotton production in Togo, a West African nation on the Gulf of Guinea, increased by 17 per cent in 2018-19 season to 137,000 tons, compared to 117,000 tons produced in 2017-18. However, the output was lower than the expected 140,000 tons. This was disclosed during the launch...

To boost job creation and exports, the new government at the Centre should resolve issues related to Technology Upgradation Fund Scheme (TUFS), Southern India Mills’ Association (SIMA) has said. The association has also appealed for release of ₹9,000 crore pending TUFS subsidies on a fast track. The...