Latest Emerging Markets News

12 storeez

Baring Vostok buys shares in Russian fashion brand

Baring Vostok, an investment firm having shares in the Russian low-priced Familia chain, has purchased a 12% stake in women’s clothing brand 12 Storeez.

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Investment fund acquires controlling stake in Latvian glass fibre producer

The Preiss-Daimler Group has sold a majority share of Latvian glass fibre producer Valmieras Stikla Šķiedra (Valmiera Glass) for €11m to Luxembourg-based Duke I, a...

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Solidarity Center to support Cambodian garment workers

Cambodia’s Ministry of Labour and Vocational Training has signed an agreement with the US-based Solidarity Center, which will focus on protecting workers’ rights in sectors...

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Investment in Armenian home textiles manufacturer

International investment fund Gazelle Finance has invested in Armenian high-end home textiles manufacturer Sonati, which is opening stores in countries such as the US and...

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Russian nonwovens producer to expand range

Hexa-Nonwovens, one of Russia’s largest producers of spunbond nonwovens, is planning to increase output and expand its range of products.

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Wool yarns hand-dyed in Bulgaria

The Five Yarns brand was created by Daria Gutnik in 2016 to sell hand-dyed knitting yarns in various combinations, with an online store on the...

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Malaysian clothing makers report losses as Covid-19 shuts operations

The Federation of Malaysian Fashion, Textiles and Apparel said the industry had incurred an estimated MYR163m (US$39m) loss a day in 2020 as operations were...

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Fashion brands fail to address pandemic-era wage ‘theft’ in Cambodia

Cambodian clothing workers producing goods for international fashion and sportswear brands, such as Adidas, VF, Target, Nike and Gap, were deprived of an estimated US$109m...

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Teijin establishes carbon fibre product operations in Vietnam

Teijin Carbon Vietnam (TCV) has started operating commercially to manufacture carbon fibre products, including prepreg, a fibre sheet pre-impregnated with matrix resin as an intermediate...

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Ukrainian entrepreneurs raise US$2m for start-up selling digital clothing

Ukrainian entrepreneurs Daria Shapovalova and Natalia Modenova have raised US$2m from US investors to finance a fashion-tech start-up.

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