Guess has announced the appointment of Sharleen Ernster Lazear as Chief Design Officer, overseeing all product categories for the Guess brands, and reporting to Paul Marciano, CEO of Guess. "We are very happy to welcome Sharleen to guide a strong vision for Guess brands and I will work side by side with her," said Paul Marciano, adding, "She understands the Guess aesthetic and the importance of creativity and innovation at Guess as well as how important our denim heritage is to us for the last

Main corporate news were those of British online fashion giant, ASOS, saw its underlying pre-tax profit beating analysts’ forecasts of 25 million pounds by reaching 25.7 million in the six months to February 28, and compared to last year’s 23.1 million pounds. Cherokee also reported financial results for its fourth quarter and full year. ASOS reported six-month group revenue increased 33 percent to 359.7 million pounds, with trading momentum strong, as highlighted by a good number of analysts t

The garments industry is hurting from the increasing cost of doing business in the country, particularly expensive labor and power costs. According to Marites Agoncillo, executive director of the Confederation of Garment Exporters of the Philippines Inc. (CONGEP), labor is the highest cost component in garment manufacturing and is also a major factor that influences decisions in investment locations. At the moment, operations of most members of CONGEP are concentrated in Regions 3, 4A, 4B

The Cotton Corporation of India (CCI) started offloading the cotton stocks with it in the domestic market on Friday. It offered 25,000 bales for sale through e-auction and received bid for 1,000 bales. The CCI procured nearly 21 lakh bales of cotton at minimum support price, mainly from the southern States, in the beginning of the current cotton season. It plans to offload 2.5 lakh bales in the domestic market initially and is also selling cotton to the Government-owned textile companies at a

Garment and textile exports continued to maintain steady growth in April with export value reaching US$1.31 billion, with this year’s exports touching $5.1 billion, an increase of 20 percent compared to the same period last year. Although this is not peak season for the garment and textile industry, average monthly turnover still exceeded $1.3 billion, currently accounting for 15 percent of the country’s total exports. According to Ho Chi Minh City-based garment and textile companies, many imp

India and China have signed a memorandum of understanding for promotion of exports of Indian handicrafts. A high-level delegation led by Zohra Chatterji, Secretary, Textiles, visited China for increasing handicraft trade and brand image promotion of Indian handicrafts and textiles in the Chinese market. An MoU was signed between the Export Promotion Council for Handicrafts and the China Council for the Promotion of International Trade (CCPIT) to explore the possibilities of enhancing handicra

The country had almost missed early cotton sowing target in the current season, which might hamper the commodity production in the upcoming year, informed sources revealed. Sources in the Ministry of Textile Industry told Business Recorder that due to low prices of cotton, increased wheat support price and the ongoing unexpected spell of rain, early cotton sowing remained below the target. Cotton production for the upcoming season is estimated at 14.1 million bales from eight million acres whi

French company CIFAL is interested in cooperation with Turkmenistan in the field of agriculture, particularly cotton growing, Neutral Turkmenistan newspaper reported on Saturday. According to the newspaper, this issue was raised during a meeting of the President of Turkmenistan Gurbanguly Berdymuhamedov and CEO of CIFAL, Gilles Remy, held in Ashgabat. "The French company has identified the agricultural are and particularly the cotton industry as one of the vectors of mutually beneficial pa

German Freudenberg Nonwovens expands its production capacity of Evolon? microfilament at its site in Colmar, Alsace (F) The new additional line will raise capacity in Colmar to 3000 t annually and will be completed end of October 2013. The investment amounts to EUR 5 million and is a response to increasing demand. The Evolon? microfilaments are manufactured through a revolutionary process. It is a patented technology, combining the spinning for endless filaments with splitting by hydroentanglem

NY futures gave up additional ground this week, as July fell 225 points to close at 83.23 cents, while December dropped 180 points to close at 83.28 cents. Spec liquidation and a lack of trade buying continued to depress values this week, with July settling right at an important 5-month uptrend line today. According to the latest CFTC report, which contains futures and options positions, speculators large and small liquidated about 3.6 million bales in the four weeks between March 19 and Ap