Fresh from reports that Ted Baker is seeking to sell its HQ to generate cash, news has came that the firm is cutting head office jobs with 102 posts being made redundant and another 58 current vacancies left unfilled.
Cambodia's Prime Minister promised on Monday to give tax breaks to garment factories hit by supply chain disruptions from the coronavirus epidemic and higher tariffs after the EU withdrew trade preferences.
Dubai-based retail developer Majid Al Futtaim said on Monday its annual EBITDA and revenue edged higher, sharply slowing from the pace of growth seen in 2018, amid challenging conditions in its key Middle East markets.
EU antitrust regulators on Tuesday extended their investigation into Ray-Ban maker EssilorLuxottica’s 7.2 billion-euro bid for Dutch opticians group GrandVision by two weeks to July 6, according to an EU filing.
The footwear company announced a slight increase in its fourth-quarter sales on Tuesday, but plummeted into loss as expenses related to environmental litigation took their toll on the group’s bottom line.
Vietnamese garment makers will face a severe shortage of materials because the new coronavirus has disrupted their supply chains, the chairman of the Vietnam Textile and Apparel Association said on Tuesday.