“Is fast fashion killing fashion?” This is one of the speeches expected at the 26th edition of IAF World Apparel Convention taking place 5-7 October 2010 at the Hong Kong Exhibition and Convention Centre.
American Apparel Inc amended its credit agreement with Lion Capital, earning a reprieve from an impending default on a debt covenant, and said the UK-based lender was working to realign the clothing firm's capital structure with CEO Dov Charney.
The easing of restrictions on China's gold imports should boost its influence on global bullion trade as Chinese investors turn to the open market to satisfy their hunger for the metal, the World Gold Council said.
As a non-essential category of the beauty and personal care market, the recession hit the global fragrance industry hard. In particular, poor performances in key Western markets dragged down global fragrance growth in 2008/2009.
Cotton futures closed lower for the second straight day on Thursday due to heavy investor profit-taking and the fact that players from No. 1 consumer China were away for a holiday and are not coming back to the market until next week, analysts said.
British clothing and footwear retailer JD Sports Fashion posted a 36.5 percent rise in first-half profit, boosted by the soccer World Cup, and said trading in the second half had got off to a solid start.