Pork producer and processor Smithfield Romania has secured $60m in loan from the International Finance Corporation (IFC) to expand its operations in the country. The loan amount will be spent on restructuring its debts and to expand its ...
Tags: Pork producer, Smithfield Romania
LED chip, lamp and lighting fixture maker Cree Inc of Durham, NC, USA says that its board of directors has approved the following: a restructuring of the LED Products business; a $500m stock buyback authorization for fiscal 2016; and the ...
Tags: Cree LED, LED chip, ASP Erosion
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
Finnish pulp and paper maker Stora Enso is contemplating to close down its corrugated packaging converting facility in Chennai, India, due to lack of domestic market. Stora Enso, a firm engaged in renewable solutions in packaging, ...
Tags: Stora Enso, pulp, paper
German automobile major Volkswagen (VW) is set to undergo a restructuring process that will ultimately end up splitting the firm into four holding companies for managing its 12 brands. In what has been dubbed as decentralization of ...
Tags: Volkswagen, German automobile
Growth in China's electricity consumption, an important indicator of economic activity, slightly recovered in May but still remained low, suggesting persistent weakness in the world's second largest economy. Power-use rose 1.6 percent ...
For the for the thirteen weeks period ended May 2, 2015, GAAP net loss soared at apparel retailer and NYSE listed Abercrombie & Fitch Co. First quarter of fiscal 2016 GAAP net loss surged to $63.2 million or $0.91 loss per diluted share ...
Tags: Abercrombie&Fitch, Apparel
The firm has appointed Mark Foster as head of marketing EMEA. TOMY has welcomed former Hasbro European marketing director, Mark Foster to the role of head of marketing EMEA. With what the firm has described as a ‘spectacular ...
Nike topped the list of the most valuable apparel brand with a brand value of $29,717 million in the 2015 BrandZ top 100 global ranking. It is followed by Zara at $22,036 million and H&M at 13,087 million. Tommy Hilfiger was tenth with a ...
Tags: Nike, Global Ranking, Apparel
Arvind Brands and Retail Ltd, the Indian partner of the US-based fashion retailer Calvin Klein Inc, has picked Parag Dani to head the latter’s business in India, according to media reports. Prior to this appointment, Dani ...
Tags: Arvind Brands, fashion retailer
Although the Chinese government has pledged to use internet technology to upgrade manufacturing industry, there is a huge gap between the desire of the authorities and reality in the textile industry, the China Daily said a quoting a report ...
Tags: Textiles Sector, textile industry
Industrial restructuring, growth in services good indicators of improving conditions, say experts Positive signs have started to emerge in China's economy since the second quarter, suggesting deepened industrial restructuring amid rapid ...
Tags: Industrial restructuring, Positive signs, China's economy
Cromwell Polythene has launched a new packaging division, and announced changes in its sales force in the UK. The packaging arm of Cromwell will supply general purpose bags, including food grade polythene bags and liners, and a range of ...
Driven by Printwear and Branded Apparel sales, consolidated net sales at clothing retailer Gildan Activewear soared 15.9 per cent year over year in the first fiscal quarter ended April 5, 2015. Consolidated net sales in the first ...
Tags: Gildan Activewear, Printwear, underwear
China's State Council has unveiled a ten-year national plan, Made in China 2025, designed to transform China from a manufacturing giant into a world manufacturing power. The plan, endorsed by Premier Li Keqiang, is the country's first ...