Hela Apparel Seeks Court-Ordered Winding Up Amid Liquidity Crisis

Sri Lankan apparel producer Hela Apparel has moved to wind up its business after concluding that persistent liquidity problems...

Shein Reassesses Vietnam Strategy as China Supply Chain Regains Importance

Fast-fashion giant Shein is scaling back part of its manufacturing and logistics push in Vietnam, highlighting the difficulty of...

Somnigroup Reports Higher Profitability and Margin Growth in Q2 FY26

American manufacturer of mattresses and bedding products Somnigroup has reported a notable rise in profitability for the second quarter...

Bangladesh Apparel Trade Bodies Recommend 370 Factories for Stimulus

Three prominent textile and apparel organizations in Bangladesh have officially recommended 370 closed and struggling production units to the...

Karl Mayer Empowers AI Growth with Warp Preparation Technology

The rapid expansion of artificial intelligence is creating a substantial surge in demand for physical infrastructure, specifically within the...

US Tariffs Spark Unhappiness in Turkish Textile Sector

Turkish industrial leaders are expressing significant concern following the implementation of a new 12.5% tariff by the United States...

Capri Holdings Reports Lower Q1 FY27 Revenue, Cuts Outlook

Capri Holdings posted weaker first-quarter results for fiscal 2027 (FY27) as slowing luxury spending and continued economic uncertainty impacted...

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