Corporates

YKK Japan Shifts Global Operations Headquarter To Vietnam

Textile Insights April 1, 2024

The world’s biggest apparel and luggage zipper manufacturer YKK has shifted its global operations headquarters from Japan to Vietnam. YKK has been operating in Vietnam since 1998 through its subsidiary named YKK Vietnam, with its first factory located in Dong Nai and set up its second plant in

Export

Three Global Fashion Companies To Compensate Mauritius Workers

Textile Insights January 10, 2024

Three global fashion companies have agreed to collectively pay US $420,593 to compensate apparel workers in Mauritius after the publication of an undercover investigation report into labour rights abuse. The three companies include PVH, owner of Tommy Hilfiger and Calvin Klein; Second Clothing and UK based brand Barbour. Transparentem, a US non-profit organisation

Industry

1,600 Textile & Garment Factories Shut Shop In Pakistan

Textile Insights September 5, 2023

Around 1,600 Pakistani textile and garment factories have shutdown over the past 16 months and the Pakistani Commerce Ministry is contemplating a strategy to reopen these closed factories “A framework is in the process of finalisation which will provide regional competitive energy pricing, working capital support, speedy refund payments and enhanced market access,” media

Apparel, Fashion, Retail

Bharat Biotech Picks 20% Stake In Eastman Exports

Textile Insights July 28, 2023

Bharat Biotech Group has picked a 20 percent stake in one of India’s biggest knitted garment exporters, Tirupur based Eastman Exports. Eastman Exports will use the new investment for capital expenditure, strengthening backward integration and customer acquisition among others. The funds will also help the company increase its presence in the global apparel industry,

Sustainability

Green Power To Help Garment Units Become Energy Efficient

Textile Insights July 19, 2023

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and Green Power Limited signed a memorandum of understanding (MoU) to support garment factories in becoming more energy efficient with green and clean sources of energy. BGMEA President Faruque Hassan and Managing Director of Green Power Shaikh Ehsanul Habib inked the MoU on behalf of their respective

Industry

Vietnam Textile & Garment Sector Witnesses Mass Layoffs

Textile Insights June 12, 2023

The Vietnamese textile and garment industry is witnessing mass layoffs in 2023. Between January and May 2023, around 70,000 employees lost their jobs and another 66,600 are working fewer hours. According to the Ministry of Labour, Invalids and Social Affairs, a total of 510,000 employees have been affected by layoffs across various industries this year. […]