The originals market has become "a tough struggle" for recyclers as prices reach a "zenith", according to Bureau of International Recycling (BIR) Textiles Division President Olaf Rintsch of Textil Recycling K&A Wenkhaus GmbH of Germany. The ...
Tags: BIR, textile recycling, Textile Recycling Association, textile
Metro Group reported lower third-quarter profits but its shares climbed after the German retail giant stuck to its forecast for annual earnings, which it had cut earlier this month. The company booked net income of EUR125m for the three ...
Tags: Metro, third-quarter profits, lower, consumer confidence
Freescale Semiconductor CEO Gregg Lowe is pushing forward a major restructuring of the loss-making chip firm. "We conducted a thorough and extensive review of all our businesses,markets and regions during my first three months,"said Lowe. ...
Tags: Freescale, MCU, restructure
Mega-deals are driving increased total spending on outsourcing in Europe, which had the highest total spend of all global regions in the third quarter of this year. European businesses increased outsourcing investments by 14% in the third ...
Tags: Mega-deals, total spending, global regions, outsourcing investments
Mothercare plc, the leading international mother and baby retailer, announces its pre-close statement for the first half of the year covering 28 weeks to 13 October 2012. Simon Calver, Chief Executive of Mothercare plc, ...
Tags: mother and baby retailer, group sales, UK
After a tumultuous few months the wool market is returning to stability with prices on the rise again at the last two British Wool Marketing Board (BWMB) auction sales of British wool. Speaking at last week's BWMB annual conference in ...
Tags: wool market, BWMB, wool, textile
On Tuesday, 24 July 2012, the Board of Billabong announced that it had received an indicative, non-binding and conditional proposal from TPG to acquire all of the shares in the company for $1.45 cash per share by way of a scheme of ...
Tags: Billabong, TPG, conditional proposal, global boardsports
Portugal's high quality 'terry' towelling specialist, Carvalho, takes delivery of its first Thies iMaster 'F' dyeing machine and immediately orders another five units to replace its existing dye house plant in a phased modernisation ...
Tags: towelling, terry towelling, dyeing machine, Thies dyeing machine, Carvalho
Victoria PLC reports the following update on trading for the six months to 29 September 2012 ahead of its Half-yearly results to be announced in mid-November 2012. Trading throughout the Group has been satisfactory, particularly in the ...
Tags: Victoria PLC, breakeven outcome, wool, wool-rich carpets
Nationwide retailer Postie Plus Group Limited (PPGL) reported a normalised full year net profit of $493,000 before one off restructuring costs (net loss of $183,000 including one off costs) relating to the sale of ...
Tags: New Zealand, Apparel, PPGL
Tough trading conditions resulted in around 75 per cent of dealers reporting a sales decline in 2011, according to a survey carried out by Penfold Research. Results of the survey, published as part of the Office Products in Australia ...
Nestle's share price increased this morning (9 August) as the Kit-Kat maker booked an increase in first-half profit and reaffirmed its full-year guidance. The Swiss food giant reported an 8.9% increase in earnings of CHF5.12bn (US$5.26bn) ...
Tags: food, share price, emerging markets, price rises, cost-cutting, water
CNH Global N.V. (CNH) announced financial results for the quarter ended June 30, 2012. For the quarter, net sales increased 3% (9% constant currency basis) to $5.0 billion as firm global demand for agricultural equipment, on the back of ...
Tags: market view, agricultural equipment, construction equipment
Officeworks has reported a 0.7 per cent increase in sales to $1.5 billion in the full year to June 30. Wesfarmers’ home improvement and office supplies group managing director John Gillam said the office supplies division ...
Tags: Officeworks, Woolworths, sales, deflationary headwinds
This week's clutch of featured industry research from the just-food store highlights commodities data from agribusiness specialists LMC International.It also includes in-depth looks at Carrefour's operations in Spain and Wal-Mart ...
Tags: Carrefour, Data, Sugar Bulletin