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The garment sector in Myanmar is facing a host of problems. The long list includes: transport, logistics, infrastructure and electricity supply. But the most serious is the shortage of skilled labour. Consequently, Myanmar’s garment manufacturers are finding it difficult to secure high-end contracts. Most factory owners are willing to take on workers with no experience and train them in-house. But once they are trained workers leave for better salaries.
After the EU lifted trade sanctions in April 2013, numerous garment factories have sprouted in the country. There was a great demand for labour and they started luring skilled workers away from their present workplace. But now with lack of skilled labour, production is at a standstill.
Myanmar’s garment workers have one of the lowest minimum wages in the region. And workers of really high caliber prefer to leave the country in search of higher-paying work. The bright spot is that as political and market unrest plagues Cambodia, Thailand and Malaysia and China, investors from Europe, America, Japan, Korea and China are turning their sight on Myanmar, where they see better possibilities, even if these are not immediately obvious.
REPORT_ Salvatore Ferragamo consolidated revenues for the fiscal year 2013 were up by 9 percent at current exchange rates and by 11 percent at constant exchange rates versus financial year 2012. All geographical areas, with the sole exception of Japan, registered in financial year 2013 a double-digit growth in turnover. The Asia Pacific area is confirmed as the group’s top market in terms of revenues, representing about 37 percent of the total in financial year 2013. A major contribution was given by the retail channel in China, which recorded a 20 percent growth compared to the same period in 2012.
xchange rates and by 11 percent at constant exchange rates versus financial year 2012. All geographical areas, with the sole exception of Japan, registered in financial year 2013 a double-digit growth in turnover. The Asia Pacific area is confirmed as the group’s top market in terms of revenues, representing about 37 percent of the total in financial year 2013. A major contribution was given by the retail channel in China, which recorded a 20 percent growth compared to the same period in 2012.
Europe posted an increase in revenues of 13 percent, compared to the same period in
2012. Double-digit revenue growth was recorded also in North America, with an increase of over 12 percent in financial year 2013. The Japanese market showed an increase in revenues of one percent in financial year 2013. Revenues in Central and South America showed an increase of 15 percent. Salvatore Ferragamo is based in Italy. The group is active in the creation, production and sale of shoes, leather goods, clothing, silk products and other accessories, as well as women’s and men’s perfumes. The group’s product range also includes eyewear and
xchange rates and by 11 percent at constant exchange rates versus financial year 2012. All geographical areas, with the sole exception of Japan, registered in financial year 2013 a double-digit growth in turnover. The Asia Pacific area is confirmed as the group’s top market in terms of revenues, representing about 37 percent of the total in financial year 2013. A major contribution was given by the retail channel in China, which recorded a 20 percent growth compared to the same period in 2012.
Europe posted an increase in revenues of 13 percent, compared to the same period in
2012. Double-digit revenue growth was recorded also in North America, with an increase of over 12 percent in financial year 2013. The Japanese market showed an increase in revenues of one percent in financial year 2013. Revenues in Central and South America showed an increase of 15 percent. Salvatore Ferragamo is based in Italy. The group is active in the creation, production and sale of shoes, leather goods, clothing, silk products and other accessories, as well as women’s and men’s perfumes. The group’s product range also includes eyewear and
Men´s Wearhouse to lure independent directors at Jos A. Bank
"Our offer represents a 52 percent premium over JOSB's unaffected enterprise value and a 38 percent premium over the closing share price on October 8, 2013, the day prior to the Company's public announcement of its proposal to acquire Men's Wearhouse."
Men´s Wearhouse to lure independent directors at Jos A. Bank
"Our offer represents a 52 percent premium over JOSB's unaffected enterprise value and a 38 percent premium over the closing share price on October 8, 2013, the day prior to the Company's public announcement of its proposal to acquire Men's Wearhouse."
"Further, the transaction represents a 9.4x enterprise value to last twelve months ("LTM") Adjusted EBITDA multiple (assuming 135 million dollars of LTM Adjusted EBITDA as of November 2, 2013), which is a significant premium to Jos. A. Bank's proposal to acquire Men's Wearhouse, in excess of Jos. A. Bank's historical average trading multiple and near the upper end of recent precedent apparel retail transactions. Moreover, we are prepared to increase our offer price if you can demonstrate or we can discover additional value through discussions or limited due diligence."
Apparelsourcing Paris will be held February 17 to 20, 2014. With more than 100 exhibitors, the show is asserting its role as the foremost platform for sourcing in Europe in terms of diversity of range.
This is an international trade fair in clothing and fashion accessories. The products exhibited are clothing, textiles, fabrics, accessories and textile equipment and tools. Visitors include retailers, wholesalers, agents and designers.
This is the sixth edition of the show. The exhibition continues to forge ahead and is refining its package of product ranges and services from one show to the next. Only three years after it was launched, Paris has become a reference exhibition for procuring finished products in fashion and clothing, targeting buyers from Europe and the rest of the world.
With an exhibitor retention rate of 85 per cent, the exhibition brings forth its relevance to European buyers. With a concept that is unique in Europe, suppliers are grouped together on the same platform: sourcing close to Europe; short/medium term sourcing with Turkey and long-term with Asia. It covers a wide variety of collections and a wealth of services, from the more standard like CMT to bespoke products.
The show will see 58 new manufacturers from China, Bangladesh, France, Hong Kong, India, Japan, Pakistan and Turkey. China is the top exhibitor followed by India, Pakistan, Bangladesh and Turkey.
apparelsourcing-fr.messefrankfurt.com/
Come March 3-5, 2014, the Spring edition of the leading apparel fabrics trade fair, Intertextile Shanghai Apparel Fabrics will take place at Shanghai. Located at the Shanghai World Expo Exhibition and Convention Center, a new venue for 2014, the fair will feature in SalonEurope, which houses the Milano Unica Pavilion and a number of European country pavilions, while the increasingly popular Verve for Design textile designer zone also makes a return.
One of the most prominent features of the event will be SalonEurope zone. This zone will feature high-end apparel fabrics and accessories producers from the Czech Republic, France, Germany, Portugal, Spain, Switzerland, Turkey and the United Kingdom.
The SalonEurope zone will also feature country pavilions from Germany and Portugal, and the ever-popular Milano Unica Pavilion from Italy. The German Pavilion will have 11 exhibitors displaying a wide range of fabrics and accessories that feature advanced technology and value-adding functionality. Organized by Associacao Selectiva Moda, the Portugal Pavilion returns again due to the overwhelmingly positive feedback received at last year’s fair. Nearly 10 exhibitors will be showcasing their high-quality shirting fabrics in this pavilion. Guaranteed to be popular with buyers at the fair is the Milano Unica Pavilion, which will feature over 100 premium Italian textile producers. It will have collections of prestigious fabrics and accessories for women’s wear and menswear on display.
Intertextile Shanghai Apparel Fabrics offers visitors more than just apparel fabrics and accessories. The Verve for Design zone groups together textile designers who will display their original, creative textile and apparel designs. Their products are targeted at textile and apparel manufacturers, and trend guide publishers.
www.messefrankfurt.com.hk
The spring edition of Interstoff Asia Essential 2014 will be held from March 19 to 21, 2014, Hong Kong. A leading fabric trade fairs in Asia, this edition hopes that the improved economic situation in the US and Europe will benefit exhibitors since more buyers will be interested in sourcing high-end fabrics.
The four popular country and region pavilions viz. Elite China, Fine Japan, Great Korea and Amazing Taiwan, will return on bigger scale, with more fashionable, functional and eco fabrics. Well known textile companies from China will showcase their fancy fabrics featuring advanced woven and knitting technology, and the latest finishing applications. A new exhibitor from Japan, Joint Bishu Brand, will feature wool and wool-blended fabrics.
The Taiwan pavilion being co organized by Taiwan Textile Federation, will focus on functional and eco fabrics for the high-end market. On its display list are: breathable coating and multiple-layer lamination, functional knitted and woven fabrics for sleeping bags, down jackets, and skiwear, and antimicrobial and UV-cut functional fabrics for outdoor wear and sportswear. Korean suppliers will showcase knitted and man-made fabrics for women’s wear and casual wear, as well as fine functional fabrics for outdoor wear.
In this edition, the Garment Accessories Zone will be bigger with more exhibitors, making the product scope more complete.
interstoff-asia-spring.hk.messefrankfurt.com/c
Lectra and ESCP Europe have established a Fashion and Technology Chair to develop an innovative education and research program. The aim is to develop and disseminate knowledge based on innovations within the fashion and luxury sectors by the means of cutting-edge technologies.
The chair’s main objective is to develop and convey knowledge based on innovations within the fashion and luxury sectors, thanks to cutting-edge technologies. The fashion and luxury sectors and their approach to technologies linked to design and supply change management. There will also be a focus on the challenges of digital development and on the emergence of value-added strategies for innovation and original business models in developing countries, particularly China.
The chair will promote technology as a catalyst for innovation among students and alumni. This will be one of the themes studied by ESCP students every year and the subject of research dissertations and professional theses.
Established in 1819, ESCP Europe is the world’s first business school and has educated generations of leaders and entrepreneurs. ESCP’s alumni network counts 40,000 members in 150 countries and from 200 nationalities.
Lectra provides integrated technology solutions for product design, development and manufacturing processes. Its services are used in fashion (apparel, accessories, footwear), automotive (car seats and interiors, airbags), furniture as well as a wide variety of other market sectors.
www.lectra.com/
The number of silk farmers in Thailand is decreasing. Thai silk's reputation for high quality and unique weaving techniques and patterns is well established, but its golden age has dimmed. Young urbanised Thais prefer more upscale labor to the traditional and arduous tasks of sericulture and weaving. Only their grandparents knew how to raise and harvest silkworms. Few farmers tend mulberry trees to feed the worms, and even fewer people are earning a living wage from silk cultivation.
The Modern Thai Silk project aims to keep alive classical weaving patterns and techniques. It has come up with silk in various forms--knitted, woven, stretchy like spandex, light and thin as chiffon, dyed in every imaginable hue. There is silk which is wrinkle-free, and thus suitable for daily use. These prototypes will be displayed from February 18 to 20 at Premiere Vision, Paris, the world's top fabrics fair.
Over the past year the project has been involved in R&D in all areas of the industry, from raising the silkworms, reeling the thread, spinning the yarn and actually making the fabric, to the design, dyeing, printing, marketing and consumer response.
Companies in Thailand have developed a technique to produce four-color silk melange yarn. This will allow them to produce more colors to match designers' needs.
