Growth in Bangladesh's garment exports could drop to 15% this year after an unusually strong expansion of more than 30% in 2021, two industry leaders told Reuters, as US and European customers grapple with inflation.
The import of textiles and apparel by the US continues to grow fast, rising by 30.97 per cent to $66.308 billion in the first six months of 2022, compared to $50.626 billion in the same period of 2021.
Archroma has announced it has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation, an American multinational manufacturer and marketer of chemical products.
Chinese billionaire Jack Ma plans to give up control of financial technology company Ant Group Co in an effort to move away from affiliate Alibaba Group Holding Ltd, the Wall Street Journal reported on Thursday.
Two years on and garment factories in Leicester are still underpaying and exploiting staff, a new study reveals. The Low Pay Commission said non-compliance with the minimum wage remains “a serious issue".