Walmart plans to sell a majority stake in its UK supermarket chain Asda reports Sourcing Journal. The deal worth $8.79 billion is likely to be bagged by Issa Brothers and TDR capital. Walmart will retain an unspecified minority investment. The new owners are planning to invest over $1.29 billion in the business and help keep prices low, a move that also is expected to help keep its supply chains intact.

Walmart acquired Asda in July 1999 for $10.8 billion. The deal benefited both companies more so Walmart who was known for its pile it high and sell it cheap strategy. The retailer currently plans to sell Asda’s George apparel line for men’s wear. According to Charlie O’Shea, Vice President and Senior Credit Officer, Asda sale will allow Walmart to refocus on markets with more long-term upside, such as India and China.

While full financial terms have not been disclosed, Walmart has acknowledged it will retain a minority stake, board representation and remain active as a strategic partner via logistics and sourcing. The retailer will take a non-cash charge of around $2.5 billion, in addition to Asda’s ongoing pension settlement.

The Union government plans to focus on skills upgradation and financial assistance in the textile sector and integrating it sector with latest technology. At an international webinar on textile traditions organized by the Indian Council for Cultural Relations (ICCR), PM Modi said Indian textile sector offers many opportunities. It is highest employment generating sector in India while internationally, it helps build trade and cultural relations with the world.

He lauded the ICCR and the Uttar Pradesh Institute of Design for their efforts in bringing people from different countries to participate in the webinar on the theme ‘Weaving Relations: Textile Traditions’. Modi also highlighted the rich textile traditions of the nation's tribal communities. Noting that the program was organized in the context of Mahatma Gandhi's 150th birth anniversary celebrations, he said Gandhi saw a close link between the textile sector and social empowerment and converted the simple 'charkha' into a key symbol of India's independence movement.

Fashion giant Marks & Spencer has signed womenswear fashion brand Nobody’s Child as its maiden third-party apparel brand, reports Apparel Resources. The brand has already launched its autumn collection on M&S’ e-commerce platform to help the retailer’s apparel section regain its foothold.

The inclusion of Nobody’s Child on its platform will highlight M&S’ eco-friendly initiatives. The brand makes its mini dresses and tea dresses from recycled polyester and sustainably sourced viscose. Each of these dresses cost £35. Steve Rowe, Chief Executive, M&S, had earlier stated that the company plans to stock guest brands online and in brick-and-mortar stores as a part of its efforts to widen the appeal segment and enhance e-commerce business. The brand has been taking initiatives to lure customers to stores and online despite ongoing struggles and in this context had also announced the relaunching of popular shwopping scheme earlier this week.

London-based Nobody’s Child was founded in 2015 by Andrew Xeni and champions sustainable fabrics and recycled production for its apparel collections.

China’s cotton yarn imports from Pakistan increased by 4.36 times to $ 41.836 million in August from the same period last year with year-on-year imports increasing 336 per cent, reveals data from China's General Administration of Customs. As per Hua ng Xifen, Sales Executive-Import and Export Department, Litai Xingshi (Taicang) Holding Co, Pakistan mainly produces low-count siro spun yarns generally below 21s, which are mostly imported to south China's Guangdong province to be made into denim.

Another importer, Seazon Textile and Apparel Co imported about 1,000 tons of cotton yarns from Pakistan every year. The company’s denim fabric is made of thick and low-count yarns, which are basically 10s or 8s, no more than 12s. The fabric woven with higher-count yarns is thinner and softer.

The main reason for the import surge is Pakistan's yarn export to China enjoys zero tariff, thus having a greater competitive advantage internationally. Also, Pakistani yarn is much cheaper than Chinese one, the largest gap reached RMB 2,000 to 3,000 per ton in the last two years, with a price gap of about 10 per cent. China's domestic denim fabrics varies according to specific orders, so manufacturers find sticking to one kind of cotton yarn risky. These manufacturers plan to continue importing yarns from Pakistan as long as they are consumed in China’s factories and their prices are acceptable

China’s cotton yarn imports from Pakistan increased by 4.36 times to $ 41.836 million in August from the same period last year with year-on-year imports increasing by 336 percent, states data from China's General Administration of Customs.

As per Hua ng Xifen, Sales Executive-Import and Export Department, Litai Xingshi (Taicang) Holding Co, Pakistan mainly produces low-count sirospun yarns generally below 21s, which are mostly imported to south China's Guangdong province to be made into denim.

Another importer, Seazon Textile and Apparel Co imported about 1,000 tonne of cotton yarns from Pakistan every year. The company’s denim fabric is made of thick and low-count yarns, which are basically 10s or 8s, no more than 12s. The fabric woven with higher-count yarns is thinner and softer.

The main reason for the surge in import lies is that Pakistan's yarn export to China enjoys zero tariff, thus having a greater competitive advantage internationally. Also, Pakistani yarn is much cheaper than the Chinese one, the largest gap reached RMB 2,000 to 3,000 per ton in the last two years, with a price gap of about 10 per cent.

In terms of denim fabrics, China's domestic denim fabrics are relatively variable according to specific orders, so manufacturers find sticking to one kind of cotton yarn risky. These manufacturers plan to continue importing yarns from Pakistan as long as they are consumed in China’s factories and their prices are acceptable

Pitti Immagine Uomo will return to physical format for 99th edition at the Fortezza da Basso, from January 12 to January 14,2021. The show will place top priority on safety of its attendees. Its team is currently working in preparation for #SaferWithPitti-an extraordinary set of safety measures and services for the exhibition spaces and common areas of the Fortezza.

The duration of the show has been extended to four days as against the earlier schedule of three years. Pitti Uomo is one of the world's most important platforms for men's clothing and accessory collections, and for launching new projects in men's fashion. It's held twice yearly in Florence, at the Fortezza da Basso.

The first edition of Pitti Uomo was held in Florence in September 1972. The exhibition provided a platform for raising the profile of Italian designers and now has achieved international stature as a leading fashion fair. Pitti Uomo is credited with making dandyism acceptable to a wider audience.

Apparel Training and Design Centre (ATDC), the training wing of Apparel Export Promotion Council (AEPC), has collaborated with 77 apparel manufacturing units in Tamil Nadu for a World Bank funded skilling project. The World Bank funded Skills Strengthening for Industrial Value Enhancement (STRIVE) project will be implemented by the Ministry of Skill Development and Entrepreneurship with a total cost of Rs 2,200 crore. It will improve the productivity at MSMEs in various industrial clusters. It will also enhance the delivery quality of ITIs through Apprenticeship Scheme in all sectors.

AEPC, having more than 8,000 apparel exporters as members, has applied for the project. On the other hand, ATDC plans to impart the three-month classroom training to 240 apprentices in five different courses followed by a 12-month on-the-job training under the mandatory Apprenticeship Scheme in partner factories.

ATDC further plans to establish Industry Apprenticeship Initiative Cell and expand the work of Training of Trainers (ToT) through Apparel Made-Up and Home Furnishing Sector Skill Council (AMH-SSC) under the skilling project.

Starting in October 2020, Marks & Spencer's kitchen towels will be treated Polygiene. This antimicrobial technology is part of M & S globally distributed core programs. The yearly forecasted order value of the kitchen towels is $ 75 000.

Even if this program started at M & S India and even if the order value is quite modest at this stage, it is part of a bigger international program of treated products - and more products are already under discussion at the time of writing.

Changed consumer behavior due to the pandemic, with both increased e-commerce as well as more interest in home products, could give an extra push for this kind of products. Additionally, an antimicrobial treatment in home textiles will keep them fresh for longer and make them last for longer as well, promises Ulrika Björk CEO Polygiene.

The British multinational retailer founded in 1884, is listed at the London Stock Exchange (FTSE 250 Index) and had a turnover of over 10 billion GBP in 2019.

River, a multi-designer brand launched by Amazon Fashion in partnership with DBS Lifestyle LLP launched ‘season one’, its maiden collection featuring 270 styles, online on Amazon India on October 1. The brand features four different product lines, each one created by a well know fashion designer, with clothing and accessories for men and women.

Couturier and traditional wear designer JJ Valaya created a women’s and menswear line ‘Royal Sport’ which features simple yet sharp tailoring and a formal colour palette. Notable items include shirt dresses and sculptural jackets for women.

Manish Arora’s line for River, ‘Disco Gypsy’, features Arora’s signature bright and modern take on Indian design. Printed casual wear for men and women is decorated with multi-coloured paisley and star print designs.

Suneet Varma’s womenswear line ‘Garden of Eden’ draws its inspiration from nature with a line of sarees featuring floral motifs. Finally, Akash N Soni’s menswear line ‘The Millennial Man’ sees the designer explore a more modern and youthful take on his classic design aesthetics.

Splash Paris launched its virtual edition in partnership with Joor, an American digital platform that allows interaction between brands and large retail boutiques.

The event takes place from September 7-October 9 and will welcome Brazilian brands such as Haight, Lenny Niemeyer, Nannacay, Triya and Yukio, with the support of ABEST‘s (Brazilian Fashion Designers Association) Fashion Label Brasil, and Adriana Degreas with support from Abit’s Texbrasil (Brazilian Fashion Textile Industry Internationalization Program), both Brazilian fashion export programs in partnership with Apex-Brasil (Brazilian Agency for the Promotion of Exports and Investments).

Splash Paris takes place in Paris in June every year. However, this year the organizers shifted to a digital version at Joor, the world’s largest wholesale platform and data exchange present in more than 144 countries, including retail stores such as Anthropologie, Bergdorf Goodman, Galeries Lafayette, Neiman Marcus, Net-A-Porter, Saks Fifth Avenue and Selfridges.