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US-based Talon International, Inc, a leading global supplier of zippers, apparel fasteners, trim and stretch technology products, will hold an exhibit featuring the rarest vintage Talon zippers, some of the hottest new garments using Talon zippers, and the World Records Longest Zipper in Los Angeles on March 24. Talon is a supplier of zippers, apparel fasteners, trim and stretch technology products. These are used in areas like specialty waistbands, shirt collars. Talon offers a full range of zippers for use in a wide variety of applications including ready-to-wear, outerwear, footwear, children’s apparel, performance gear, backpacks, handbags, luggage.

The zippers are made with metal, coil and molded plastic, and are available in a variety of specialty finishes and configurations. Talon is known for having built the world’s longest zipper, 3.1 miles long. Talon zippers are available in hundreds of standard colors, styles and finishes. It offers custom dye-to-match tapes and zippers to match the color of any sample or electronic data file.

Zipper sliders are available in numerous styles including short and long tabs, double tabs, single and dual functioning. It has offices and facilities throughout the United States, United Kingdom, Hong Kong, China, Vietnam, India, Indonesia and Bangladesh.

The company caters to manufacturers of fashion apparel, specialty retailers, mass merchandisers, brand licensees and major retailers worldwide.

Some of the brands it supplies to are VF Corporation, American Eagle, Abercrombie and Fitch, Polo Ralph Lauren, Kohl's, JC Penney, Victoria's Secret, Wal-Mart, Phillips-Van Heusen, Levi Strauss.

 

PVH buys intimate wear brand

PVH is buying True an intimate apparel e-commerce retailer. PVH owns, designs, sources and markets a selection of world-renowned brands in the dress shirts, sportswear, neckwear, footwear, and accessories categories. The acquisition will enable PVH to participate in the fast growing online channel and provides a platform to increase innovation, data driven-decisions and speed in the way it serves its consumers across channels.

True was founded five years ago to change the way women shop for intimate apparel. True was started with the goal of empowering a woman to understand what flatters her specific shape best. It is a company that fits women into their bra with a fit quiz. So there are no fitting rooms, no measuring tapes.

It uses a proprietary fit quiz to recommend bras and other intimates that will best fit the responding consumer. The online quiz asks things like: How old is your bra? How do you feel about padding? Are you right- or left-breasted? Do your shoulder straps dig in? What’s your dress size?

Leveraging its consumer-centric data for over five million women who have taken its quiz, True enables women to embrace an entirely different and personalized lingerie shop that offers a fun, fashionable and truly intimate experience.

 

German clothing retailer C&A is examining partnerships and other types of outside investment as it develops a turnaround plan focusing on China and other emerging markets. Swiss-based COFRA Holding issued a statement in response to a report in Spiegel Online that C&A, which was founded in the 19th century and remains in family ownership, was close to being sold to a group of unnamed Chinese investors.

The company is committed to a successful, future-proof C&A business and as such at C&A it has embarked on a transformation and growth programme, says a COFRA Holding representative. The ongoing transformation of C&A includes an investigation of ways to accelerate in high growth priority areas. These included “China, emerging markets that could potentially include partnerships and other types of additional external investment.

C&A was founded as a confectionery business in 1841 by brothers Clemens and August Brenninkmeyer, and today runs more than 1,500 stores, employs 35,000 people and operates in 18 European countries. The business, controlled via COFRA by more than 1,000 descendants of the Brenninkmeyers, has struggled of late to compete with fast-fashion brands and online retailers. Caparros, formerly of German supermarket chain REWE, was hired as chief executive of C&A in mid-2017, replacing Philippe Brenninkmeijer in a break from the tradition of a family member running the company.

Lenzing expands Indonesian operations

Lenzing wants to explore investment opportunities in Indonesia. The Austrian company has been operating in Indonesia since 1978 through a subsidiary named South Pacific Viscose (SPV), which operates as a producer of staple fiber and sodium sulphate viscose. Customers are supplied with high-quality fibers for textile and nonwovens not only in the Asian region but in nearly all continents as part of the global market presence of the Lenzing group.

Asia is an important market for the Lenzing group. It’s where Lenzing generates more than half of its fiber revenues. More than half of the group’s fiber production capacity is located in Asia. Its largest plant is located in Indonesia. Indonesia has a significant textile industry, which represents one of the largest industrial sectors of the southeast Asian island state.

Lenzing, based in Austria, supplies the global textile and nonwoven industry with high quality, botanic cellulose fibers. Its portfolio ranges from dissolving wood pulp to standard and specialty cellulose fibers. Lenzing has a focus on profitable growth based on environmentally friendly specialty fibers. The company will expand its production capacities for specialty fibers. It will also expand and modernize its existing dissolving wood pulp production. The company produces 9,65,000 tons of fiber for the global textile and nonwoven markets.

 

Grasim raises investors’ limit

Aditya Birla Group firm Grasim Industries has proposed to increase foreign portfolio investors’ investment limit to 45 per cent from 30 per cent to enhance its weightage in the indices floated by Morgan Stanley and other large global financial institutions. The move will attract fresh investment in the stock from large foreign pension funds which mimic the index for their investment strategy.

Current FPI investors in the company include Aberdeen Emerging Markets Fund, Aberdeen Global India Equity, New World Fund and Citibank besides a clutch of foreign depositories. Morgan Stanley Capital International created its first global index in 1968 and now manages about 1.60 lakh indices including country-specific and various sectors.

Aditya Birla Group is in the midst of reorganisation of the promoters’ holding in the group company. It is in the process of merging Aditya Birla Nuvo with Grasim Industries and spinning off the financial services into a listed entity.

Last October, the company split the face value of the equity shares to Rs 2 each from Rs 10 each as a pre-cursor to the proposed merger and listing of the financial services business. Post-restructuring, Grasim will have a consolidated annual turnover of Rs 61,500 crores with a 68 per cent contribution from the manufacturing sector which includes cement, textile, chemicals, insulator and solar and 32 per cent from financial services and telecom.

 

Christian Dior tops Forbes’ 2000 list

Christian Dior has emerged the world’s largest apparel company, according to Forbes. The second is Nike. In the third place is Inditex. Among all the top 2000 companies named by Forbes, there are 29 apparel companies that made it to the final list. After measuring their revenue, profit, assets and market value, Christian Dior, Nike and Inditex were crowned the top three spots in the global apparel market.

Christian Dior notched up sales worth $41.6 billion dollars in 2016 and a profit of $1.7 billion. Its assets were worth $68 billion. Through its over 40 per cent stake in luxury goods conglomerate LVMH, Christian Dior also benefits from the financial performance of respected product lines such as Dom Pérignon, De Beers, Veuve Clicquot, and Givenchy.

Nike is a US sportswear giant. It recorded more than $32 billion in sales and $3.8 billion in profit over the fiscal year ending 2016. The brand has an intensive celebrity athlete endorsement. Nike’s financial performance in the global market is expected to be even better over the next few years.

Inditex owns some of the world’s most popular high street fashion brands such as Zara, Pull & Bear, Bershka, Massimo Dutti etc. The company achieved revenues of $23 billion in 2016.

 

Patagonia has won the Accenture Strategy Award for Circular Economy Multinational during the World Economic Forum’s Community of Young Global Leaders in Davos.

Patagonia has made notable contributions to the circular economy, driving innovation and growth, while reducing dependence on scarce natural resources. In summer 2017, Patagonia will launch an e-commerce platform where the company will sell used Patagonia clothing and gear online, sourced directly from its customers. Customers will be invited to bring used items to their local Patagonia store in exchange for Patagonia merchandise credits. This platform’s aim is to extend the life of garments by encouraging people to sell unused clothing, reach new customers and promote the durability and quality of Patagonia products.

The growing trend toward fast fashion has created a very linear economic model that produces enormous waste. In contrast, Patagonia is working to counter this approach with a circular business model that focuses on making the highest quality products and helping its customers keep the products in use as long as possible.

Patagonia encourages people to take good care of their gear, washing and repairing as needed, and eventually recycling once the garment can no longer be used. Its facility in the US repairs over 45,000 items a year, and the company operates retail repair stations around the world, in addition to providing customers with free tools for repairing their own clothing. With every repair, the company provides feedback to its designers to improve future products.

 

Victoria’s Secret has opened a store in China. Fronted by an iconic pink glass facade, the four-storey Victoria’s Secret store occupies 2,500 sq. mt. This is Victoria’s Secret first store in China. Prior to this, the US brand had only operated concept stores in China, selling branded accessories. By the end of 2017, Victoria’s Secret will open one more store in China and will host a lingerie and underwear show. Almost two decades of breakneck economic growth and increasing prosperity have got Chinese women accustomed to western tastes and fashion sensibilities.

The opening of this store is expected to satisfy Chinese women’s desire to keep up with the pace at the forefront of international fashion. Luxury lingerie and high quality functional products are becoming increasingly popular among Chinese women. International brands see China as a priority to help bolster overall sales given a fairly bleak global outlook. Top Italian luxury lingerie maker La Perla, which has eight stores in China, is planning additional outlets. Germany’s Triumph too is adding stores.

China’s market for women’s underwear is expected to have a retail value of 25 billion dollars by 2017 - double that of the United States - and is expected to grow to 33 billion dollars by 2020.

 

Adidas to boost worldwide sales growth

Adidas intends to accelerate sales and earnings growth until 2020 as a part of its long-term strategic business plan. The company expects currency-neutral sales to increase at a rate between ten per cent and 12 per cent per year between 2015 and 2020. Net income from continuing operations is projected to grow between 20 per cent and 22 per cent per year in the five-year period.

The strategy remains on significantly elevating brand desirability and achieving strong improvements in sales and profitability. The company’s culture is based on the core belief that, through sport, all Adidas employees have the power to change lives. As part of the accelerated growth plan until 2020, Adidas is focusing its HR initiatives on leadership, talent development and performance management.

As a part of a digitalisation offensive, the company plans to significantly drive direct sales. In addition, improvements in digitalisation processes at every stage of the value chain are targeted to accelerate building direct relationships with the consumer. Digital technologies such as 3-D creation, 3-D printing and smart manufacturing methods are already used in the development and production of Adidas products. These technologies will be expanded even further.

The company will sharpen the focus of its brand portfolio, concentrating even more strongly on the Adidas and Reebok brands and its core competencies in the development and marketing of sports and sports-inspired footwear and apparel.

 

Trident is best known for its towels, bed linen yarn and paper. In yarn about 32-35 percent is for exports and about 35 per cent is captive and another 30-35 percent in for the domestic market. When it comes to home textiles, that is, towels and bed linen, 90 per cent is exported and 10 per cent goes to the domestic market.

The company has completed its expansion plans recently. Right now yarn is operating at around 92 per cent capacity utilization and paper is operating at around 91 per cent capacity utilization. Towels are operating at a 49 per cent utilisation and bed linen is around 29 per cent utilization.

The company needs about five or six large customers to fill up the entire capacity. Since bed linen is a new business, Trident intends to reach an utilisation of 50 to 60 per cent the next year. During the December quarter Trident had a gross debt of Rs 2,900 crores and a net debt of Rs 2,600 crores. About Rs 800 crores is the short-term and about Rs 2,100 crores is the long-term debt. In this nine month period, Trident repaid around Rs 445 crores, out of which around Rs 165 crores is the pre-payment, which is ahead of schedule.

 

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