FW
Sustainable Apparel Forum (SAF) was held in Bangladesh, May 17 and 18. It was the first ever symposium devoted to the transfer of knowledge and networking around the topic of sustainability in the textile industry.
It shared information on sustainability issues in the apparel industry. SAF wanted to accelerate the momentum within the industry through education, awareness and reducing the knowledge gap.
Over 30 national and international speakers discussed about various issues such as saving water, resources and costs, energy efficiency, optimising energy consumption and reducing costs, green factories and sustainable financing.
The objective of the sessions was facilitating a meaningful exchange of knowledge to make sustainability easier to be exercised by factories and individuals.
The sessions were devised to discussing practical aspects of the daily operations at factories, rather than general discussions, to take Bangladesh a step forward as a responsible sourcing destination in the global map.
There are already 67 LEED (Leadership in Energy and Environmental Design) certified green garment factories in Bangladesh while 222 more are in the offing.
Globally renowned experts spoke on apparel sustainability issues based on the needs of business and customers' expectations and provided hands-on training, pragmatic knowledge and professional skills through specialised workshops.
Textiles India will be held in Gandhi Nagar, Gujarat, June 30 to July 2, 2017.The exhibition will showcase India’s strength in the textile and apparel value chain from fiber to fashion. Manufacturers, exporters and other stakeholders from the textile industry will exhibit their products to international buyers who are expected from at least 60 countries.
The event is expected to have 1000 exhibitors and 2500 invited buyers from overseas. Around 30 countries are likely to display their products. Seven international conferences, 24 round-table conferences, country and state sessions, business to business, business to government and government to government meetings will be held during the exhibition.
There will be round-table conferences, fashion shows, and theme pavilions of partner states Assam, Andhra Pradesh, Jharkhand and Maharashtra with a focus on Gujarat.
The three day event will include a global conference on the last day with six themes. Over 33 round tables will be held on issues of concern for the various segments of textiles and handicrafts with prominent international speakers and industry leaders.
The event will provide a platform for b2b interactions and for exploring investments and technological set-ups across various segments in the textile value chain. The event is a Government of India initiative and is going to be inaugurated by prime minister Narendra Modi
India’s textile sector is a major contributor to overall industrial production, exports and employment. The textile sector is also rising on the new digital wave with players vying with each other to grab a higher share of online fashion.
PVH has entered into a licensing agreement with Sports Products of America (a division of Adjmi Apparel Group).Adjmi will manufacture, sell, distribute and promote women’s sportswear, golf wear and active wear under PVH’s Izod brand.
Products will launch in February 2018 and will be sold primarily in department stores, specialty stores, national chains, sporting goods stores and pure play online retailers throughout the United States and Canada. The initial term of the licensing agreement runs through 2020.
The partnership will combine Adjmi Apparel Group’s decades of experience delivering high-quality and fashionable women’s apparel with the iconic Izod brand.
PVH is an apparel company. The company's brand portfolio consists of Calvin Klein, Tommy Hilfiger, Van Heusen, Izod, Arrow, Warner's, Olga and Eagle, which are owned, and those which are licensed like Speedo, Geoffrey Beene, Kenneth Cole, Michael Kors and Chaps. PVH designs and markets dress shirts, neckwear, sportswear, jeans wear, intimate apparel, swim products, handbags, footwear and other related products.
In 2016, PVH signed the UN Women’s Empowerment Principles, and it celebrated the 25th anniversary of A Shared Commitment, its code of conduct for business partners. The company also launched an enhanced global Corporate Responsibility strategy with ten commitments that focus on empowering people, preserving the environment, and supporting communities.
IAF’s 33rd World Fashion Convention to be held on October 16th to 18th, 2017 in Rio de Janeiro, Brazil. IAF and Abit are the joint organizer
The theme of this edition is Compliance and Technology – Key Drivers for Industry and Retail. The Convention has the function of informing, inspiring and providing a meeting platform for apparel executives from all continents. National and international speakers will present and discuss responsible business conduct (labor, social, environmental, legal), as well as technological megatrends and their possible impacts on the production and distribution chain.
As always, this year also, the IAF Convention is more than a conference, with the fringe events like IAF Golf Tournament, partner program and dinners and cocktails, all in a truly gorgeous setting. The convention is considered to be one of the world’s best networking opportunities for the global apparel industry.
The 2017 autumn edition of Intertextile Shanghai Apparel Fabrics is all set to exceed last year’s sourcing options, 80 per cent of the available exhibition space has already been booked. The event will take place in China from October 11-13.
This year the hall layout will make it easier to navigate around the fairground. All international exhibitors will be located on level 2 including in the International Halls (5.2 & 6.2), Beyond Denim (hall 7.2) and Accessories Vision (hall 4.2) – the latter two shared with domestic exhibitors.
The International Halls will host overseas exhibitors covering a diverse selection of quality products from around the globe, and include various SalonEurope featuring Italy’s Milano Unica Pavilion, France Pavilion, Germany Pavilion and numerous exhibitors from Belgium, Switzerland, Turkey, the UK and elsewhere, which will gather an impressive range of premium European-made fabrics and accessories. Asian Pavilions from Hong Kong, India, Japan, Korea, Taiwan and Thailand will expand the sourcing options on offer.
In the meantime accessories and one of the two women wear fabric halls on level 2 all domestic exhibitors can be found on level 1, which will be further categorised by product end-use.
Intertextile Shanghai Apparel Fabrics is a comprehensive platform to showcase your supreme apparel fabrics and accessories. There are lots of business chances to meet potential customer, explore new market opportunities, learn about next season’s trends, and add value to your business. It is currently one of the biggest and most comprehensive apparel fabric and accessories exhibitions in the world, says Wendy Wen, senior general manager of Messe Frankfurt.
Intertextiles will reveal the autumn/winter 2018-19 international trends through exhibitors’ products and its marginal programme will contain Intertextile Directions Trend Forum envisioned by top trend forecasters from France, Italy, Japan and the US.
Various opportunities will explain the upcoming trends in different consumer markets. Industry topics, seminars and panel discussions will also be held by worldwide industry associations and leading experts. Exhibitors can present their latest products and innovations through this events valuable platform. Innotex-Space, which is a display zone, will be set up for innovative textile applications and technologies. China International Fabrics Design & Fabrics Creation Competition, will be held to recognise the design talents and innovators in the local market.
Planet Textiles has made a big supportable request at one-day conference on environmental and social issues in the textile sector. There were more than 340 delegates from 25 countries present at the conference among them were two-day Sustainable Apparel Coalition (SAC) annual members meeting and the SAC manufacturers’ forum. There were discussion on textile wastewater pollution, chemical management and natural resource conservation for both energy and water use.
Manoj Gulati, executive director, India, from international NGO Water.org stated that the value of the Indian textiles industry, currently at $108 billion, is expected to reach $223 billion by 2021. Presently, the Indian textiles sector consumes around 830 million cubic litres of water per annum
Tracy Nilsson, senior director of social environmental affairs at Adidas during the conference emphasized the significance of reducing water use at a minimum of 20 per cent by 2020.During the breakout sessions a solution on practical sustainable, solutions for textile wet processing, chemical management and discharge, and pollution were also discussed.
He further stated the importance of water in life and industry. With an increase and ever growing issue of water scarcity, we have developed an overall approach to address water efficiency, improve wastewater quality and provide better accessibility to water in communities, Nilsson added.
According to the Vietnam Textile and Apparel Association (VITAS) Vietnam’s textile-garment industry still depends on heavily on imported materials, with domestic producers importing 86 percent of their fabrics.
As per the Ministry of Trade and Industry the country imported 3.3 million USD worth of fabrics in the first four months of 2017, up 6.75 percent compared to 2016, largely because Vietnamese-made fabrics are still below the standards of foreign markets. With China accounting for 52 percent of the imports the fabrics were mostly originated from Asian countries.
The tariffs on textile and garment products from Vietnam will be eliminated by EU only if the EU-Vietnam Free Trade Agreement comes into force, Though, the agreement will impose long transition phase of up to 7 years for textiles and garments as it is among products sensitive to EU producers.
The move main purpose is to cut inputs from suppliers in countries outside of the agreement.Furthermore, Vietnam will have to satisfy “double transformation” rules-of-origin in return for full-fledged tariff removal that requires weaving and sewing and all subsequent manufacturing stages to be carried out within Vietnam thus it will stop Vietnamese manufacturers from directlyprofiting from the deal.
The Tirupur textile hub has recorded a rise in revenue of Rs 2000 crores in the past year.The export revenue in 2016-17 was Rs 26,000 crores against Rs 24,000 crores in 2015-16. The target however, was Rs 30,000 crores but that could not be achieved because of Brexit and the fall in the euro.
After the euro fell, clients from Europe wanted to buy at a reduced price that was not feasible for manufacturers. So customers reduced the quantity of orders. Demonetisation did not have a direct impact on revenue from exports. The problem was to shift from cash to wire transactions. It took more than two months for many industries in Tirupur to settle down. So, more than demonetisation, it was Brexit and the fall in the euro that impacted exports.
Meanwhile Tirupur apparel exporters fear the GST rates set for different segments of the knitwear production chain can create complexities and erode profit margins.
The differing GST scales fixed for various processes in the apparel production chain can have ramifications considering that the production chain in the Tirupur cluster remains mostly fragmented.
Complexity will arise as job work is going to be taxed at 18 per cent even though garments attract only five per cent. In Tirupur, processes like dyeing, knitting, fabrication and printing among many others are being carried out as job works.
Raliza Koleva is Chief Compliance Officer at Puma. She will be responsible for ensuring compliance with the company’s auditing and corporate policies. The 38-year-old executive will also continue in her advisory role as head of governance for Puma’s managing directors and the board of directors.
The graduate lawyer has experience in international corporations and is a proven expert in the fields of corporate, capital market law and compliance. She joined Puma's legal department in 2014.
Sporting goods manufacturer Puma is based in Germany. Founded in 1948, it designs, develops and markets footwear, apparel and accessories. Puma offers performance and lifestyle products in team sports, running and training, golf and motorsport. It also has a dedicated line of golf equipment, apparel, footwear and accessories.
The brand has established a history of making fast products designed for the fastest athletes on the planet in their respective sports, such as Usain Bolt and the Arsenal football club, which is perfectly aligned with its new brand positioning — Forever Faster.
Today Puma is one of the world’s leading sneaker companies, with models ranging from innovative shoes such as the lightweight Faas running shoe to the heritage of the classic Clyde & Suede models. Its sport performance and lifestyle labels include categories such as football, running, motorsports, golf and sailing.
Luxury brands are struggling in the US due to a variety of factors including the dominance of e-commerce over brick and mortar. Despite efforts to improve productivity and building brand recognition , still store closings continue and high-end brand stocks remain beaten down.
Apparel, home, accessories and fragrances company Ralph Lauren has seen its shares decline 15.8 per cent in the recent one-month period after posting mixed quarterly earnings in May. Revenue fell short of expectations. Same store sales sank 12 per cent year-on-year.
High-end fashion company Michael Kors’ current quarter guidance was below expectations. While fiscal fourth quarter results surpassed estimates, the stock is down 5.7 per cent after recovering slightly from the initial sell-off.
Shares of the fashion brand Burberry hit a three-month low in April on weaker-than-expected second-half sales growth, dragged down by weakness in North America. But the firm had stronger-than-expected full-year earnings. In mid-May, the British maker of luxury apparel and accessories announced more cost cuts and share buybacks in its preliminary 2016-17 report as it completed its transition year amid a fast changing luxury market. Revenue down two per cent was boosted by a three per cent gain in retail, while adjusted profit before tax fell 21 per cent. The firm plans to double down on building its brand strength and its digital presence.
