Global Apparel Markets: Business Update, June 2018
This report provides information, analysis and valuable insight into developments relating to the global apparel industry in the following categories: acquisitions, divestments and mergers; corporate social responsibility (CSR); corporate strategy; investments; joint ventures, cooperation, licensing and distribution; market forecasts; markets; new facilities; and retailing. Companies, other organisations, individuals and brands featured in this report include: Alibaba Group, Alvanon, Authentic Brands Group (ABG), the Better Than Cash Alliance, Burberry, Chalhoub Group, Coloreel, Farfetch, the Fashion Positive initiative, Gap, Garmon Chemicals, H&M group, HanesBrands, Jenny Liu, Kemin Industries, Kering, Lenzing, Levi Strauss & Co, Li & Fung, Modern Nile Cotton, National Spinning, Nautica, Oritain Global (Oritain), Scanfil, Stella McCartney, Supima, True Fit, Unifi Manufacturing and VF Corporation.
SUMMARY
ACQUISITIONS, DIVESTMENTS AND MERGERS
Kemin Industries has acquired Garmon Chemicals’ textile auxiliaries business
Kering will sell its 50% stake in the Stella McCartney brand
Li & Fung has divested its Beauty, Furniture and Sweaters businesses
Unifi manufacturing has entered into an agreement to acquire the dyed yarn business and assets of National Spinning
VF Corporation has sold its Nautica Brand to Authentic Brands Group
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Alvanon and Jenny Liu have collaborated in the opening of an “industry hub” which will help to commercialise new technologies within the fashion industry
Gap has joined the Better Than Cash Alliance
The Fashion Positive initiative has launched an online Innovators Hub to accelerate the development of environmentally sustainable materials
CORPORATE STRATEGY
H&M group has launched a new store called Afound
Lenzing has developed new branding for its lyocell and Modal fibres
Levi Strauss & Co has developed a new operating model called Project F.L.X. (future-led execution)
INVESTMENTS
HanesBrands has invested in 19 Precision Application Systems to help improve the environmental sustainability of its operations
USA-based technology company True Fit has secured a US$55 mn investment which will help it to further advance its services and achieve growth
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Burberry has entered into a global partnership with online retailer Farfetch
Coloreel has entered into a partnership with Scanfil relating to the production of Embroline thread coloration units
Oritain Global has entered into partnerships with Modern Nile Cotton and Supima relating to its “fingerprint” identification technology
UK-based online retailer of luxury fashion products Farfetch and UAE-based Chalhoub
Group have entered into a joint venture agreement
MARKET FORECASTS
Consumer expenditure on clothing and footwear in Africa and the Middle East is forecast to grow by 7.7% per annum between 2017 and 2022
MARKETS
EU clothing imports were up in value and volume in 2017
US clothing imports were down in value but up in volume in 2017
NEW FACILITIES
USA-based apparel and footwear company VF Corporation will open a new distribution centre in Jonestown, Pennsylvania, USA
RETAILING
H&M group will sell H&M and H&M home branded products via Tmall
ACQUISITIONS, DIVESTMENTS AND MERGERS
Kemin Industries has acquired Garmon Chemicals’ textile auxiliaries business
Kering will sell its 50% stake in the Stella McCartney brand
Li & Fung has divested its Beauty, Furniture and Sweaters businesses
Unifi manufacturing has entered into an agreement to acquire the dyed yarn business and assets of National Spinning
VF Corporation has sold its Nautica Brand to Authentic Brands Group
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Alvanon and Jenny Liu have collaborated in the opening of an “industry hub” which will help to commercialise new technologies within the fashion industry
Gap has joined the Better Than Cash Alliance
The Fashion Positive initiative has launched an online Innovators Hub to accelerate the development of environmentally sustainable materials
CORPORATE STRATEGY
H&M group has launched a new store called Afound
Lenzing has developed new branding for its lyocell and Modal fibres
Levi Strauss & Co has developed a new operating model called Project F.L.X. (future-led execution)
INVESTMENTS
HanesBrands has invested in 19 Precision Application Systems to help improve the environmental sustainability of its operations
USA-based technology company True Fit has secured a US$55 mn investment which will help it to further advance its services and achieve growth
JOINT VENTURES, COOPERATION, LICENSING AND DISTRIBUTION
Burberry has entered into a global partnership with online retailer Farfetch
Coloreel has entered into a partnership with Scanfil relating to the production of Embroline thread coloration units
Oritain Global has entered into partnerships with Modern Nile Cotton and Supima relating to its “fingerprint” identification technology
UK-based online retailer of luxury fashion products Farfetch and UAE-based Chalhoub
Group have entered into a joint venture agreement
MARKET FORECASTS
Consumer expenditure on clothing and footwear in Africa and the Middle East is forecast to grow by 7.7% per annum between 2017 and 2022
MARKETS
EU clothing imports were up in value and volume in 2017
US clothing imports were down in value but up in volume in 2017
NEW FACILITIES
USA-based apparel and footwear company VF Corporation will open a new distribution centre in Jonestown, Pennsylvania, USA
RETAILING
H&M group will sell H&M and H&M home branded products via Tmall
LIST OF TABLES
Table 1: Africa and the Middle East: consumer expenditure on clothing and footwear, selected markets, 2013-22
Table 1: Africa and the Middle East: consumer expenditure on clothing and footwear, selected markets, 2013-22
