Among recent acquisitions, divestments and mergers, Delta Apparel has acquired the software firm Art Gun Technologies while Esprit will buy the remaining 51% stake in Esprit China which it does not already own. Li & Fung USA has agreed to buy Wear Me Apparel, and the Mittal family has agreed to buy Escada. Iconix, meanwhile has acquired 51% of Mark Ecko Enterprises, and has entered into a partnership to expand into Europe through a new subsidiary called Iconix Europe.
In other developments, Brandix Apparel India and Ocean India have started up production at Brandix India Apparel City (BIAC)-a textile and apparel industrial park set up by a Sri Lankan company. Gucci owner PPR will sell its retail chains as part of a long-term plan to focus on its clothing businesses, and Asia Pacific Leather Fair (APLF), the organiser of Prime Source Forum, has launched an online forum called Prime Source ThinkTank.
In announcing their financial results, most of the North America-based companies featured in this report posted declines in net sales, including Abercrombie & Fitch (down by 15%), Gildan Activewear (down by 17%), JC Penney (down by 3%), Levi Strauss (down by 6%) and Perry Ellis (down by 20%). However, Gap (up by 1%) and TJX Companies (up by 10%) achieved increases. Several European companies also recorded increases, including Asos (up by 47%), Benetton Group (up by 13%), Inditex (up by 6%) and Marks & Spencer (up by 3%). Meanwhile, Italy-based Yoox has started to trade on the Milan Stock Exchange.
Developments in trade include a 15% rise in Vietnam's clothing exports to Japan during January-October 2009, but the industry is failing to meet growing export orders due to labour shortages. Elsewhere, the Andean Trade Preference Act (ATPA) has been extended by one year, the EU and South Korea have signed a free trade agreement (FTA), and talks have begun with a view to establishing an FTA between South Korea and the USA.
New stores have been opened by Abercrombie & Fitch in Japan, H&M in Egypt, Mango in Iraq, Marks & Spencer (M&S) in India, and Zara in the USA. Meanwhile, plans are underway to open Gap stores in China, Uniqlo stores in Russia, Benetton concessions in Colombia, and MNG by Mango concessions in JC Penney stores in the USA.
In research and development, India's Apparel Export Promotion Council (AEPC) has opened a new knitwear technology centre in Tirupur, India, while Tukatech and the Institute of Apparel Management (IAM) have opened a new "digital fashion" laboratory, also in India.
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Title Index:
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
-Delta Apparel has acquired Art Gun Technologies
-Esprit will buy the remaining 51% stake in its Chinese joint venture company, Esprit China
-Iconix Brand Group has acquired a 51% stake in Mark Ecko Enterprises' (MEE's) portfolio of brands
-Li & Fung USA (LF USA) has entered into an agreement to acquire Wear Me Apparel
-The Mittal family has entered into an agreement to acquire Escada
ANTI-COUNTERFEITING
-Authorities in South Africa have seized 300 tons of counterfeit textiles and clothing
-APPAREL MANUFACTURING
-Brandix Apparel India and Ocean India have started up production at Brandix India Apparel City
(BIAC)
COMPANY REORGANISATION AND RESTRUCTURING
-Gucci owner PPR plans to sell its retail chain stores
EVENTS
-Asia Pacific Leather Fair (APLF) has launched an online forum called Prime Source ThinkTank
FINANCIAL RESULTS
-Abercrombie & Fitch has reported a 15% decrease in total net sales during the third quarter of its
-2009/10 financial year
-Asos has reported a 47% rise in revenues during the first half of its 2009/10 financial year
-Benetton Group has reported a 13.1% increase in net revenues during the third quarter of its 2009
financial year
-Third quarter 2009
-First nine months of 2009
-Gap has reported a 1% rise in net sales during the third quarter of its 2009/10 financial year
-Gildan Activewear has reported a 16.9% decline in net sales in the whole of its 2008/09 financial year
-Fourth quarter 2008/09
-2008/09
-Inditex has reported a 6% rise in net sales during the first nine months of its 2009/10 financial year
-JC Penney has reported a 3.2% fall in sales during the third quarter of its 2009/10 financial year
-Levi Strauss & Co has reported a 6% decline in net revenues during the third quarter of its 2008/09
financial year
-Marks and Spencer (M&S) has reported a 2.8% rise in sales in the first half of its 2009/10 financial
year
-Perry Ellis International has reported a 19.9% decline in revenues during the third quarter of its
-2009/10 financial year
-Outlook
-TJX Companies has reported a 10% rise in net sales during the third quarter of its 2009/10 financial
year
INITIAL PUBLIC OFFERINGS (IPOs)
-Yoox has started to trade on the Milan Stock Exchange
INTERNATIONAL TRADE
-Vietnamese clothing exports to Japan increased by 15% during January-October 2009
-Vietnam's textile and apparel industry is failing to meet export orders due to labour shortages
INTERNATIONAL TRADE POLICY
-The Andean Trade Preference Act (ATPA) has been extended by one year
-The EU and South Korea have signed a free trade agreement (FTA)
-The European Apparel and Textile Confederation (Euratex) and the Korea Federation of Textile
-Industries (Kofoti) have signed a cooperation agreement
-The United States Association of Importers of Textiles and Apparel (USA-ITA) and the Korean
-Federation of Textile Industries (Kofoti) have signed a cooperation agreement
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION AGREEMENTS
-Haggar Clothing and World Cross Culture have signed an agreement relating to Haggar branded
outerwear
-Iconix Brand Group and the Licensing Company (TLC) have entered into a partnership to establish
-Iconix Europe
-Steve Madden and L'Koral Industries have entered into a licensing agreement relating to Steve Madden
branded women's apparel
-The Cherokee Group and RT Mart Stores have signed an exclusive licensing agreement relating to the
-Cherokee brand in China
NEW BRANDS
-Futurebrands has launched a new lingerie and nightwear brand in India called Mohena
NEW STORES
-Abercrombie & Fitch has opened its first flagship store in Asia
-Benetton Group is planning to open seven concessions in Falabella stores in Colombia
-Gap is planning to open its first store in China, and enter the online retailing market in Canada and the
UK
-H&M has opened its first store in Alexandria, Egypt
-JC Penney will establish MNG by Mango concessions in its department stores
-Mango has opened its first store in Iraq
-Marks & Spencer Reliance India has opened a flagship Marks and Spencer (M&S) store in Mumbai,
-India
-Uniqlo will open its first store in Russia in spring 2010
-Zara has opened its first store in Chicago, USA
RECYCLING
-Henri Lloyd will collect and recycle marine clothing as part of Teijin Fibers' polyester recycling
programme
RESEARCH AND DEVELOPMENT (R&D) FACILITIES
-India's Apparel Export Promotion Council (AEPC) has opened a new knitwear technology centre
-Tukatech and the Institute of Apparel Management (IAM) have opened a new "digital fashion"
laboratory in India
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Related Titles also available from Research and Markets:
Global Apparel Markets: Product Developments and Innovations, 4th Quarter 2009 -
http://www.researchandmarkets.com/product/be2373/global_apparel_markets_product_developments
World Textile and Apparel Trade and Production Trends: the EU 2010 Edition -
http://www.researchandmarkets.com/product/be2373/world_textile_and_apparel_trade_and_productio
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