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Global cotton trade to fall by 12% in 2008/09 Global cotton imports are expected to fall by 12% to 7.3 million tons in 2008/09, the International Cotton Advisory Committee (ICAC) says, as consumption is hit by a slowdown in economic growth in 2009. The figure is based on a... Tarrant Apparel and America Rag settle lawsuit Apparel maker Tarrant Apparel Group has settled litigation with American Rag Cie relating to a license to sell branded apparel at Macy's. The dispute involved Tarrant subsidiary Private Brands Inc, which has the exclusive license... NexCen sells Bill Blass to Peacock for US$10m Peacock International Holdings has spent about US$10m in acquiring the Bill Blass licensing business from NexCen Brands. The terms of the asset purchase agreement governing the deal mean that Peacock cannot revive the mothballed... Jones Apparel shares lift after credit revamp Shares in Jones Apparel Group rallied by as much as 41% after the company amended its existing US$1.25bn revolving credit facilities. Backed by joint lead arrangers JP Morgan Securities and Citigroup Global Markets, the company... Delta Apparel appoints Cochran to board Branded and private label activewear apparel company Delta Apparel has announced the appointment of James "Al" Cochran to its board of directors. Cochran brings more than 25 years of proven financial and operational leadership to... American Apparel names Kowalewski as CFO Fashion retailer American Apparel said Adrian Kowalewski has been appointed as its executive vice president and chief financial officer, effective immediately. Kowalewski joined American Apparel in 2006 and has served as director... Vendors Expected to Resist Retailer Markdown Demands By: Harry Sheff NEW YORK—Bloomberg is reporting that apparel vendors, stung by deep department store discounts, will be asking their retailers to absorb more of that markdown money. HMS Productions, a maker of women’s tops that sells to... American Apparel Promotes Kowalewski to CFO By: Harry Sheff LOS ANGELES—American Apparel has promoted Adrian Kowalewski to EVP and CFO. Kowalewski has been with the company since 2006 as director of corporate finance and development. Kowalewski’s background is in investment banking. His... Tarrant Settles American Rag Suit By: Harry Sheff LOS ANGELES—American Rag Cie and Tarrant Apparel have settled litigation over the American Rag brand at Macy’s. Tarrant’s subsidiary Private Brands was founded to produce American Rag apparel under exclusive license everywhere in... NexCen Sells Bill Blass to Peacock By: Harry Sheff NEW YORK—One week after NexCen Brands shut down its Bill Blass Couture business, laying off 60 employees with no severance, the company has sold the venerable Bill Blass brand. Peacock International Holdings, the neckwear and... |
