The pain for Britain's retailers is set to intensify as a rise in VAT sales tax from next year puts pressure on household incomes and rising input costs squeeze their profit margins, business consultant Deloitte said on Tuesday.
Owners shut all 300 garment factories at an industrial zone near the Bangladeshi capital on Tuesday as an increasingly violent protest by workers demanding higher pay entered a third day, business leaders and police said.
Ever since its arrival in the european market in 2004, the company Tichebox has had license to make Hilfiger’s bags and leather accessories, for which it has made a turnover of over 16.5 million euros in 2009, according to the group.
Italian fashion house Cavalli, best known for its animal print clothes, aims to increase its accessories and menswear businesses in the next two to three years to help expansion in Asia and the United States, its chief executive said.
Brazil on Thursday suspended retaliatory measures against U.S. goods over a cotton subsidy dispute, freezing until 2012 a long-running row that has demonstrated the South American nation's trade clout.
Sainsbury, Britain's third-biggest grocer, announced a board reshuffle that underscores its growth ambitions and could secure a successor to CEO Justin King, in the latest round of management changes in the sector.