The Garment Manufacturers Association in Cambodia (GMAC) recently expressed hope that the US generalised system of preferences (GSP) preferential tariff system, which expired.
Two hundred and twenty one new factories opened in Cambodia in 2020, according to the ministry of industry, science, technology and innovation, which said 100 factories closed.
Canada s RYU Apparel Inc., which raised close to $6 million in 2020, is scaling its North American wholesale division. It recently nationalised its wholesale sale teams across.
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Pic: Iconix Brand/ Candie s Iconix Brand Group, a US-based premier brand management company, reported 31 per cent revenue decline to $24.5 million in its third quarter (Q3) fiscal 2020 ended on September 30, compared to revenue of $35.5 million in same period last year. However, company’s net income rose to $46.7 million compared to net loss of $34.2 million in Q3 FY19. “As we continue to navigate through the pandemic and the resulting economic conditions, the well-being of our employees, licensees and communities remains at the forefront. Despite Covid-19, we continued to expand our business, including a successful launch of Umbro products in Walmart,” Bob Galvin, CEO at Iconix Brand, said in a press release.