Export news and archive

Swiss watch exports tumble ahead of Basel trade fair

The world's biggest watch fair will open in Switzerland this week, even as slumping exports of luxury Swiss timepieces appear to dash hopes of a market rebound. Global exports of Swiss watches slid 10 percent in February to 1.5 billion Swiss francs (1.5 billion dollars, 1.4 billion euros), the Federation of the Swiss Watch Industry (FHS) said...

BusinessFeatured

Clothing brands to see tariffs removed in new TTP trade agreement

As the US and EU continue to battle it out over the Transatlantic Trade Agreement, there is another trade agreement about to take affect which could greatly affect British fashion businesses. The Trans-Pacific Partnership, or TTP, is an agreement between 12 countries, the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand,...

ManagementFeatured

The rise of the Danish fashion industry

The Danish fashion has never been bigger than it is now, producing revenues of nearly 42 billion Danish Krone (4.26 billion pounds) in 2015, the highest level to date, according to industry organisation Dansk Fashion and Textile. With the industry being driven primarily by exports, the organisation predicts this trend will continue over the next...

Business

13 people charged for fire at Tazreen Fashions

Three years after the disastrous blaze at Tazreen Fashions that claimed the lives of 112 garment workers, a Bangladesh court on Thursday finally charged more than a dozen people with homicide. Among those accussed are the two factory owners Delwar Hossain and his wife Mahmuda Akte as well as eleven managers and security guards. The factory at...

BusinessFeatured

Fashion brands affected by volatile currencies

As the majority of fashion companies export their goods, the costs, sales and profitability of their brand can suffer when there is a high fluctuation in currencies. Devaluation of the rouble at the end of 2014, for example, saw companies like Zara, Adidas, New Look and River Island all close stores in Russia. One way to combat currencies woes...

Apparel

Philippine garment industry confident about its future

According to the Phillipines’ department of trade and industry (DTI), the country’s fashion and garment industry is “back on its feet”. “It is getting back on where it was in the early days of 2000”, confirmed Ponciano C. Manalo, Jr., undersecretary of the DTI’s trade and investments promotion, at the inauguration of the Sikat Pinoy National...

Apparel

US appreciates Made in Italy

US demand for Italian made fashion has seen an increase of almost 21 percent to over 1 billion euros in the January to October 2012 period. The figures were compiled by statistics institute ISTAT for the Sistema Moda Italia fashion association. Italy's fashion trade resulted in a surplus of 994 million euros, up 21.9 percent annually, since the...