The CEO of Marni, another of the firm’s top brands, is Stefano Rosso, son of Renzo Rosso, the president and founder of the Italian fashion business that owns Diesel and other brands like Maison Margiela, Jil Sander, and Viktor & Rolf. He takes over for Barbara Calò, who was named CEO in November 2019 after […] The post Marni names Stefano Rosso as CEO appeared first on Apparel Resources ..read more

Recently, Sabyasachi, a luxury fashion and lifestyle company, debuted its new resort wear collection at its flagship locations worldwide. For both men and women, the apparel and accessory line features a variety of western, fusion, and traditional looks. “Love, wanderlust, curiosity,” announced the brand on Facebook. “Fine resort wear made with Japanese cotton, Indian silks, […] The post Sabyasachi launches global resort wear line appeared first on Apparel Resources ..read more

The Minneapolis-based shop announced that it is growing beyond the apparel products it has been selling since March to include swim, outerwear, and shoes under its house brand, Cat & Jack, at department store chain Hudson’s Bay Co. in Canada. Target’s chief growth officer, Christina Hennington, stated in an interview that the company is expanding […] The post Target is taking its popular in-house apparel brand abroad appeared first on Apparel Resources ..read more

HModa, an association of Italian producers of high-end apparel and leather goods, is now examining potential strategic paths for the organisation in light of the industry’s projected recovery by 2025. The company is in discussions with JP Morgan and Intesa Sanpaolo, among other banks, to examine a potential IPO, bringing in a private equity firm […] The post Italy’s HModa to explore strategic options appeared first on Apparel Resources ..read more

India’s denim industry has been on a roll for the last few years. According to various studies, it will skyrocket to US $ 9.15 billion by 2026, up from US $ 6.15 billion in FY 2023. Whether it’s global denim giants like Levi Strauss, Pepe Jeans or domestic players like Arvind Fashions Limited, Killer Jeans […] The post Denim mills survey appeared first on Apparel Resources ..read more

To promote global standards in management and quality, the Bangladesh Standards and Testing Institution (BSTI) awarded ISO certificates to 22 institutions. According to a press release, the BSTI’s head office in Tejgaon, Dhaka, hosted a ceremony when the diplomas were given to the representatives of the institutions. Senior BSTI officials, representatives of the ISO-certified institutions, […] The post BSTI awards ISO certificates to 22 institutions appeared first on Apparel Resources ..read more

The country’s net inflow of foreign direct investment (FDI) decreased by 13.80 per cent in the previous year, according to the most recent Bangladesh Bank statistics. It revealed that in 2023, the net inflow of foreign direct investment (FDI) decreased to US $ 3 billion, from roughly US $ 3.48 billion, in 2022. Additionally, according […] The post FDI falls by around 14 per cent in 2023 appeared first on Apparel Resources ..read more

Bangladesh will implement a crawling peg system by next month a crucial recommendation from the International Monetary Fund, to increase foreign currency reserves and make the exchange rate more flexible. A currency with a fixed exchange rate is permitted to vary to some degree under the crawling peg system of exchange rate changes. Usually, when […] The post Taka to trade more freely by June appeared first on Apparel Resources ..read more

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President, SM Mannan (Kochi), met with a group from the United States International Trade Commission (USITC). Along with Joseph Giblin, the head of the US Embassy’s economic unit in Dhaka, the mission from the USITC consisted of international economist Erika Bethmann and trade analyst Mary Roop. A […] The post USITC delegation visits BGMEA leaders appeared first on Apparel Resources ..read more

SM Mannan (Kochi), the President of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) averred the garment industry is firmly committed to achieving US $ 100 billion in export revenue by 2030. He said this after the current board of BGMEA led by BGMEA president paid tribute by placing wreaths at the mausoleum of Father […] The post New BGMEA Board aims to improve apparel industry appeared first on Apparel Resources ..read more