Several large Chinese companies, including tech giant Alibaba, are actively looking at opportunities in Turkey and have met with Turkish firms after the lira's sell-off has made local assets cheaper, sources said.
Wool has long been used by suit-makers. Now, the surge in popularity is being driven by fitness and leisure clothing manufacturer, but the drought savaging Australia's east, is hitting flock numbers and production.
Fashion e-tail giant Asos is hosting an event in central London on Wednesday to “bring together brands and inspiring individuals to engage in some of the most important topics facing the fashion industry.”
Fashion house Versace did not receive any offers from Italian investors before selling to Michael Kors but the deal with the U.S. fashion group will create jobs in Italy, said creative director Donatella Versace.
Fashion giant H&M is failing to fulfill a pledge to ensure garment workers who supply its high-street stores are paid a fair “living wage”, forcing many employees to work excessive hours in order to survive, says group.
The rapid spread of e-commerce and digital technologies is binding together the economies of the ten members of the Association of Southeast Asian Nations into one of the world’s largest emerging consumer markets.
Italy's fashion industry responded Friday to accusations of widespread underpaid and undeclared subcontracted work in a New York Times article, saying that the problem is limited and already being dealt with.