The company announced it reached an month an agreement with Brazil’s Mover Participações (formerly Camargo Corrrea) to acquire 100% of the shares of textile company Santista SA and all its subsidiaries.
Sports Direct said on Monday that any suggestion that it wants to block the potential sale of Debenhams' Magasin du Nord was “irresponsible and incorrect” as it denied claims that it wants the chain to collapse.
Arvind plans to outsource all of its textile production to other countries so that it can focus on manufacturing clothing. The business is working on new facilities in Ethiopia and will also expand its workforce.
The Messe Frankfurt textile event is expecting 1,850 exhibitors from 17th to 20th September at Paris' Parc du Bourget, where it will be introducing new initiatives including a trade show focusing on leather.
The CEO of Launchmetrics discussed its acquisitions, its plans for the beauty industry and Asia, and how luxury brands struggle to come to grips with millennials, in conversation with FashionNetwork.com