Bluesign has announced that its CEO, Daniel Rufenacht, has joined the Founders Board at the Transformers Foundation. Together with the Transformers Foundation, Bluesign aims to link chemical suppliers, textile manufacturers, garment makers, and laundries together with the brands to foster a healthy, responsible, and profitable textile industry.
Germany’s Adidas has launched the SS23 Road Cycling collection. The collection is a range of apparel which will help people clip-in to the power of cycling and become part of the community on the move. The Road Cycling Shoe 2.0 builds on the performance of its iconic sibling for a supportive yet comfortable fit that keeps feet fresh and rides powerful.
Shoppers Stop, India’s premier fashion and beauty destination, has opened its first store in Rourkela, Odisha. The new store is located in the city’s famous Plutone Mall and is designed to meet the rising demand of the city’s fashion-conscious customers. The newest store in Rourkela will cater to the tastes of the high-heeled citizens of the city.
Delta Galil, Israeli manufacturer and marketer of branded and private label intimate apparel, leisurewear, activewear, and denim products for men, women, and children, has appointed Mark Stocker as president, Delta Galil branded division, effective January 30, 2023. He will be based in New York and will report directly to Delta Galil CEO, Isaac Dabah.
US’ Skechers, a leading global footwear and apparel brand, has announced a new collaboration with fashion icon Diane von Furstenberg (DVF). The partnership sees the merging of DVF’s signature prints and bold colours with the comfort of Skechers. The collaboration launches with the Endless Kisses capsule featuring the renowned DVF ‘Lips’ print.
G20 merchandise trade contracted in value terms in the fourth quarter (Q4) of 2022, compared to the previous quarter and measured in current US dollars. Continuing the downward trend from its peak in Q2 2022, exports and imports declined by 3.5 per cent and 3.1 per cent, respectively, reflecting sluggish global demand and decreasing energy prices.
Global trade remained resilient and performed better than pessimistic predictions for 2022 as economies greatly affected by the war in Ukraine found alternative sources of supply, according to a new information note released by the WTO yesterday. Prices rose for goods most affected by the war but by less than expected at the beginning of the conflict.
Japan saw a fresh 41-year high core consumer inflation in January this year as higher costs of companies were passed on to households, data showed. This kept pressure high on the country’s central bank, which phased out its massive stimulus programme. Core consumer inflation has now exceeded the Bank of Japan’s 2 per cent target for nine straight months.
The People’s Bank of China (PBOC) recently vowed to make its monetary policy targeted and effective to offer sustainable support to the economy. Its fourth-quarter 2022 monetary policy report said it will intensify efforts to expand domestic demand and continue to deepen market-based interest rate reforms to lower financing costs for businesses.
The US Chambers of Commerce’s international intellectual property (IP) index has ranked India 42nd among 55 leading economies. India is ripe to turn a leader for emerging markets seeking to transform their economy through IP-driven innovation and has maintained continued strong efforts in copyright piracy by issuing dynamic injunction orders, it noted.