Apparel business update, 1st quarter 2008

Published by: Textiles Intelligence

Published: Apr. 1, 2008 - 16 Pages

Table of Contents

CONTENTS

ACQUISITIONS, DIVESTMENTS AND MERGERS

Nike has reached an agreement to sell its Bauer Hockey subsidiary

Liz Claiborne has entered into an agreement to sell its Ellen Tracy brand

Perry Ellis International has completed the acquisition of C&C California and Laundry from Liz

Claiborne

CORPORATE SOCIAL RESPONSIBILITY

Indian jeans manufacturer Fibres and Fabrics has withdrawn its lawsuit against two labour rights groups

Hemp Trading has joined a new ethical business accreditation scheme

EVENTS

Interstoff Asia Essential fulfils a vital role in the thriving world of eco-friendly fashion

Berlin has hosted the first world film fashion festival

Marks & Spencer and Oxfam encouraged clothes donation at London fashion weekend

The 24th International Apparel Federation (IAF) World Apparel Convention will focus on changing consumer needs and the future of fashion business

FINANCIAL RESULTS

Abercrombie & Fitch

Fourth quarter 2007/08

2007/08

Outlook

Marks & Spencer

Benetton Group

JC Penney

Fourth quarter 2007

2007/08

Outlook

Limited Brands

2007/08

Outlook

PPR

2007

Outlook

TJX Companies

Fourth quarter 2007/08

2007/08

Outlook

JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION AGREEMENTS

Dow XLA has partnered with Nisshinbo to launch a new stretch fibre denim collection

The Institute for Marketecology (IMO) has certified two new organic cotton standards

Peratech has licensed out its consumer wearable electronics unit to QIO Systems

MARKETS

UK supermarkets are becoming more popular as retail outlets for clothing

The US hemp fabric market is growing by 10% a year

Abstract

NIKE HAS REACHED AN AGREEMENT TO SELL ITS BAUER HOCKEY SUBSIDIARY

Global sportswear giant Nike has reached a definitive agreement to sell its Bauer Hockey subsidiary to Kohlberg & Company, a US private equity firm, and Canadian businessman WGraeme Roustan for a total consideration of US$200 mn in cash. Nike expects the transaction to be completed by the end of May 2008.

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