Infineon Technologies AGannounced today the closing of the acquisition of International Rectifier. With effect from today, the El Segundo based company has become part of Infineon following the approval of all necessary regulatory ...
Tags: necessary regulatory authorities, power semiconductors, Lights
Amedica Corp. has laid off 25 employees, representing approximately 28% of its workforce. The move was part of a “comprehensive business review” that also includes deep cuts to corporate overhead and operational costs. The ...
Meat company HKScan Group has announced plans to restructure its production capacity in Denmark in a bid to streamline its operational footprint. The actions will enable the company to improve operational efficiency and will help create a ...
Tags: deboning capacity, Agriculture
The Prime Minster of Egypt, Ibrahim Mehleb, recently held meetings to discuss the issues of the cotton and textile industry, and announced that the Egyptian Government has decided to support the revival of the textile sector, Daily News ...
Tags: Cotton Textile, textile industry, Textile
The Government of India has been implementing several schemes to promote handloom textile industry, including Chanderi textiles, Santosh Kumar Gangwar, Minister of State (Independent Charge) in the Ministry of Textiles, said in a written ...
Tags: silk sarees, web portal, Textile
Global rethinker of the paper, biomaterials, wood products and packaging industry Stora Enso has announced that its renewable packaging division will be divided into two parts, consumer board and packaging solutions. The two divisions ...
Tags: biomaterials, wood products, packaging industry, Agriculture
Driven by reduced markdowns, American Eagle Outfitters posted a 200 basis points from a year earlier quarter hike in gross profit margins for the third quarter ended November 1, 2014. Gross profit increased 6 per cent year on year to $315 ...
Tags: buying, occupancy, warehousing deleverage, Apparel
Armstrong World Industries has decided to exit its European flooring business and cease further funding of its DLW subsidiary effective immediately. As a result of this decision, local DLW management filed for insolvency in Germany. ...
Clothing marketer, Gildan Activewear said it posted record earnings per share performance for the fourth fiscal quarter ended October 5, 2014 for any fiscal quarter in its history. Net earnings in the fourth quarter of fiscal 2014 were ...
Tags: Clothing marketer, fiscal quarter, Apparel
Freedom Group, the parent of Remington, reported a loss of $6.4 million in the third quarter ended Sept. 28, against earnings of $30.6 million a year earlier. Sales slid 27.1 percent to $253.6 million from $347.1 million a year ago, ...
Tags: Freedom Group, Sporting Goods
For the thirteen weeks period ended November 1, 2014, net loss at clothing retailer Aeropostale more than doubled year on year as a result of huge amount of after tax charges. The retailer reported a net loss for the third quarter of 2014 ...
Tags: Clothing Retailer, tax charges, Apparel
China will focus on boosting economic growth quality and efficiency in 2015 and stick to the theme of seeking progress while maintaining stability, according to a high-level meeting of the Communist Party of China (CPC) on Friday. China ...
Tags: economic growth, CPC
Gildan Activewear Inc., which is the largest supplier of branded athletic socks in the United States, reported record fourth quarter adjusted earnings per share of $1.00, up 20.5 percent compared to last year, but projected a loss for the ...
Eloquii, an online plus size women’s apparel retailer said it has raised around $6 million in a Series A round of funding. “With this new support, Eloquii will continue to deliver trend-right styles as well as expand their ...
Tags: Fashion Etailer, Apparel
Orkla has agreed to divest its confectionery producer OJSC Orkla Brands Russia to Slavyanka-Lyuks JSC, a member of the Russian confectionery group Slavyanka. The agreement signed will require the company to sell 100% of its shares in ...
Tags: confectionery, Agriculture