Archive: July 2021

Baring Vostok, an investment firm having shares in the Russian low-priced Familia chain, has purchased a 12% stake in women’s clothing brand 12 Storeez.

The Preiss-Daimler Group has sold a majority share of Latvian glass fibre producer Valmieras Stikla Šķiedra (Valmiera Glass) for €11m to Luxembourg-based Duke I, a...

Cambodia’s Ministry of Labour and Vocational Training has signed an agreement with the US-based Solidarity Center, which will focus on protecting workers’ rights in sectors...

International investment fund Gazelle Finance has invested in Armenian high-end home textiles manufacturer Sonati, which is opening stores in countries such as the US and...

Hexa-Nonwovens, one of Russia’s largest producers of spunbond nonwovens, is planning to increase output and expand its range of products.

The Five Yarns brand was created by Daria Gutnik in 2016 to sell hand-dyed knitting yarns in various combinations, with an online store on the...

The Federation of Malaysian Fashion, Textiles and Apparel said the industry had incurred an estimated MYR163m (US$39m) loss a day in 2020 as operations were...

Cambodian clothing workers producing goods for international fashion and sportswear brands, such as Adidas, VF, Target, Nike and Gap, were deprived of an estimated US$109m...

Teijin Carbon Vietnam (TCV) has started operating commercially to manufacture carbon fibre products, including prepreg, a fibre sheet pre-impregnated with matrix resin as an intermediate...

Ukrainian entrepreneurs Daria Shapovalova and Natalia Modenova have raised US$2m from US investors to finance a fashion-tech start-up.