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Excess capacity! Spinning mills in northern India to shut down once a week
Excess capacity is now forcing many spinning mills in northern India to consider closing down once a week.
Jul 16, 2019 | Business
Index of manufacturing for textile and apparel industry sees decline in June
As per the data released by the Ministry of Commerce, the index for 'Manufacture of Textiles' group declined by 0.3 per cent to 119.3 (provisional) from 119.7 (provisional) for the previous month.
Jul 16, 2019 | Business
National Garment Fair kicks off with more than 800 exhibitors; 50,000 visitors expected
India’s largest apparel B2B trade show for domestic market inaugurated in Mumbai today.
Jul 15, 2019 | Events
J. Crew enlists top banks as it prepares for an IPO of Madewell
J. Crew has planned to enlist Madewell for an IPO as it struggles to keep afloat owing to mounting debt. The retailer has enlisted Bank of America Corp. and Goldman Sachs Group Inc., among other top banks as underwriters for the IPO.
Jul 15, 2019 | Business
Barneys considers bankruptcy among other options to stay afloat in tough market
Barneys may be the latest retailer to declare bankruptcy owing to exorbitant rents and the changing tastes of the fashion consumers.
Jul 15, 2019 | Business
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