Latest Emerging Markets News


Luen Thai to buy Ocean Sky apparel operations

Singapore-based apparel company Ocean Sky Global (OSG) is set to be acquired by Hong Kong-listed Luen Thai Holdings for US$55m.

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Forced labour ‘continuing’ in 2012 Uzbek cotton harvest

Governments should take action to help end forced and child labour in the Uzbek cotton fields, according to a new report by the Uzbek-German Forum...

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Russian sportswear producer to expand in China

Sportmaster, one of Russia’s largest producers of sportswear, is considering expanding in China through the opening of its stores and the launch of production under...

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Latvian knitted fabric maker acquire Elastic Textile Europe

One of Eastern Europe’s largest manufacturers of knitted fabrics, lace and narrow fabrics is to acquire Germany’s Elastic Textile Europe.

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ITC defends its use of funds for Cambodian silk weavers

The International Trade Centre (ITC) has rejected criticisms over the misuse of expenses and funds for a sector-wide Cambodian silk project, saying its approach was...

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Adidas Vietnam in tax probe

Adidas Vietnam has pledged its full co-operation to authorities as officials in the country probe the sportswear giant’s accounts.

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Speciality Lycra production line to start up in Singapore

Invista, an integrated producer of polymers and fibres, has announced the start-up of a new production line in Singapore designed specifically to produce a series...

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H&M urged to stop buying Uzbek cotton

Fashion retailer H&M has come under increasing pressure to break ties with clothing suppliers that buy cotton from Uzbekistan, where large quantities of the fibre...

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Lithuanian knitwear producers highlight lack of innovative capacity

Lithuanian apparel and underwear manufacturer Utenos Trikotazas (UT) introduced the new About underwear brand at the end of 2012.

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Russian government to increase support for textile and light industry

The Russian government is to increase support for the domestic textile and light industry this year, according to Minister of Industry and Trade Denis Manturov.

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