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Global apparel markets: business update, January 2017

Global apparel markets: business update, January 2017

This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate social responsibility (CSR); investments; joint ventures, cooperation, licensing and distribution; market forecasts; new facilities; and online retailing. Companies, other organisations and brands featured in this report include: Aéropostale, American Apparel, Authentic Brands Group (ABG), Bobo Choses, Daiyin Textile (Malaysia), Fast Retailing, the Fibersort partner consortium, General Growth Properties (GGP), Gildan Activewear, H&M Foundation, the Hong Kong Research Institute of Textiles and Apparel (HKRITA), Hyosung, Macy's, OVS, Peak Performance, Primark, Simon Property Group, Star Sock, Symphony Investments, and Yoox Net-a-Porter (YNAP).


SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
A consortium comprising Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group has finalised its acquisition of Aéropostale
Gildan Activewear will acquire assets from American Apparel and rights to the brand
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Five brands and retailers have signed up as the first participants in the European Clothing
Action Plan (ECAP)
Action plans
The ECAP project
INVESTMENTS
Daiyin Textile (Malaysia) will invest Rmb500 mn in its operations in Malaysia
The Fibersort partner consortium has received Euro2 mn in funding from the European
Commission’s Interreg North-West Europe (NWE) Programme
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
H&M Foundation and the Hong Kong Research Institute of Textiles and Apparel (HKRITA) have entered into a four-year partnership agreement to develop technologies for the recyclingof garments made from blended fabrics
Yoox Net-a-Porter (YNAP) has entered into a joint venture agreement with Symphony
Investments to exploit the potential for significant growth in luxury retailing in the Middle East
MARKET FORECASTS
Consumer expenditure on clothing and footwear in Europe is forecast to grow by 3.2% per annum between 2015 and 2020
NEW FACILITIES
Fast Retailing has opened a Denim Innovation Center in Los Angeles, California, USA, which will focus on the research and development (R&D) of new denim fabrics and jeans
Hyosung is expanding capacity at its elastane production facility in Turkey
ONLINE RETAILING
Macy’s will launch a Chinese e-commerce site in 2017
List of tables
Table 1: Europe: consumer expenditure on clothing and footwear, selected markets, 2011-20

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