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Meaningful Partners, a Los-Angeles based private equity firm, has completed a strategic growth investment in Active Apparel Group (AAG), a leading, socially-responsible manufacturer of activewear and swimwear for both leisure/lifestyle and performance markets. AAG offers end-to-end solution in the d Read More
Sustainability is a key area of concern for Bangladesh’s readymade garments (RMG) industry, which is making all-out efforts to grow and ensure environmental sustainability at the same time, Faruque Hassan, president of the Bangladesh Garments Manufacturers and Exporters Association (BGMEA), told a r Read More
Major importers of ‘Made in China’ products are bracing to deal with shortage of goods due to the continuing uncertainty about the end of power shortage in the world’s second-largest economy. This is especially so for goods that require intensive energy during their production. The power uncertainty Read More
American clothing company Levi Strauss (LS&Co) has entered the activewear category by acquiring Beyond Yoga, a fast-growing, premium athletic and lifestyle apparel brand based in the US. The companies have signed a purchase agreement for the sale and the transaction will be financed with cash. It is Read More
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