Search Results for: America

A PARTNER at advisors McKinsey has argued that Bangladesh’s advantages in low cost and convenience for brands will ensure its clothing and textile sector keeps growing, despite the Rana Plaza disaster.

Dr Achim Berg led a study released at last week’s World Fashion Convention, Shanghai, which concluded that about 72% of the total 29 chief purchasing officers (CPO) surveyed are planning to move orders from China to other Asian countries in the next five years, although China will still remain as the largest sourcing market.…

SOFTWARE solutions specifically designed for the knitwear industry can save time and money while moving products from design to production more quickly.

Paris headquartered Pointcarré International is a leader in computer aided design (CAD), its innovative Pointcarré knit software and its various modules being used by major brands such as Ralph Lauren, Hot Sox, K.…

A SIGNIFICANT set of acquisitions by Brazilian meat major JBS has been given European Union (EU) regulatory approval by the European Commission. Acting as Europe’s international competition regulator, the Commission approved JBS’ purchase from Brazilian food processor Marfrig Alimentos of Netherlands-based Columbus Netherlands BV also known as Zenda) and six Brazilian-based companies that together form the Seara group.…

THE CONFECTIONERY sector has long been interested in edible packaging – the use of rice paper to contain sherbet being a classic example – but food technology companies are innovating hard to allow companies to boast their products generate no packaging waste.…

SEPTEMBER 12, 2013: MULTINATIONAL companies are less worried about the risk of having to pay bribes to ‘buy business’ than they are about lower level corruption affecting their routine operations. Despite concern, only half of them have safeguards in place.

These findings in a new survey from global risk consultancy Control Risks and the Economist Intelligence Unit are at odds with international enforcement efforts focused on “classic” corruption, i.e.…

PFIZER-owned Wyeth Pharmaceuticals Inc has agreed to pay USD490.9 million to resolve criminal and civil liability claims from its unlawful marketing of the prescription immunosuppressant drug Rapamune, the USA’s justice department has announced. It claims that Wyeth marketed the medicine in America for uses beyond those approved by the US Food and Drug Administration (FDA).…

The European Commission has today (Friday August 23) approved the acquisition of Luxembourg-based non-ferrous metal company Metallum Holding by American private equity investment firm TowerBrook Capital. The Commission, acting as the European Union’s (EU) senior competition regulator, waved the deal through as using a fast track procedure.…

THE INSURANCE risks involved in oil and gas exploration and production (E&P) are rising in line with growing industry complexity and the move into deeper, remoter and more environmentally sensitive environments.

This is placing ever greater demands on the need to identify, quantify and insure against risk, particularly when the financial and reputational repercussions of getting it wrong are escalating too.…

BRAZIL is an innovative technical textile producer, declares a report from a senior São Paulo’s business school the Getúlio Vargas Foundation (FGV), despite the sector experiencing teething problems as it expands. Looking at the Brazilian textile sector as a whole, the study estimates that 77% of investment into the sector during 2012 was used to buy innovative machinery – and the technical textile sector especially has a lot of demand to meet.…

IN A decision affecting individuals and employees from around the world but tax resident in America, US tax authorities ruled last month that same-sex couples legally married in jurisdictions that recognise their marriages will be treated as married for federal tax purposes.…