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Heimtextil India launching unique showcase
India’s premium fairs for home textiles, homeware and interior décor, Heimtextil India and Ambiente India have launched Bespoke Living, an exclusive product showcase space dedicated to companies dealing with signature collections at Pragati Maidan, New Delhi from June 27-29, 2018
Raymond to invest Rs 425 cr in Maharashtra
The Raymond Group, under JK Investors (Bombay) Ltd, signed pacts worth Rs 425 crore with the government of Maharashtra. This would be to set up residential complex, commercial amenities, school project and sport complex in Nandgaon Peth, Amravati, the group said in a statement.
Tata Cliq, Woolmark enter partnership
Tata Cliq Luxury, Tata Group’s luxury e-commerce platform, has announced its partnership with The Woolmark Company. Through this association, Tata Cliq Luxury will be the exclusive retail partner in India for larger designer collections that will integrate merino wool in their garments and accessories, and for the International Woolmark Prize.
Glen Raven to acquire Sunbury Textile Mills
Glen Raven Inc, a global provider of performance fabrics, has signed a letter of intent to acquire Sunbury Textile Mills, a market leader in the design and manufacture of decorative jacquard fabrics. Under the agreement, Sunbury will become a wholly owned subsidiary of Glen Raven and will operate as part of Glen Raven Custom Fabrics, best known as the makers of Sunbrella fabrics.
Bombay HC orders closure of S Kumars
The fight for survival of the once well-known name in stitching suits—S Kumars—has come to an end at the High Court, which has ordered its closure. The Bombay High Court has ordered liquidation of S Kumars’ nationwide assets and ordered the banks to appoint an official liquidator to recover debt. The company owes Rs 4,500 crore to 134 banks, including State Bank of India and ICICI Bank, and other financial institutions.
Passing the judgment on July 1, Justice BP Colabawalla gave four weeks’ time for the company to appeal against the order, and in the meanwhile, directed the banks to appoint the official liquidator to take charge of all the assets, properties, stock-in-trade, books of accounts and bank accounts of the company.
Cotton USA partners with Shoppers Stop
COTTON USA, the trademark ingredient brand of Cotton Council International (CCI), has announced its first retail partnership with India´s leading fashion retailer ´ Shoppers Stop. COTTON USA and Shoppers Stop will conduct a monthlong in-store promotion aimed at increasing consumer awareness of U.S. cotton-rich apparel, and gradually move toward creating an exclusive line of labeled merchandise.
Pursuing IT solutions for fashion industry
The fashion industry full supply chain will massively benefit from wider and smarter use of information technologies. EURATEX joins the next edition of IT4Fashion to widen the debate on the benefits and industry needs for digital data exchange.
Arvind readies for big jump with GAP & e-commerce
In 1993, Arvind Ltd, one of the largest integrated textile and branded apparel player from Gujarat, brought the iconic Arrow brand to India. From since on, the company never looked back. Arvind scaled a new peak in brands when recently it announced the tie-up for presenting the iconic GAP