American Apparel has completed refinancing of its secured debt. The dancing staples retailer has recently closed a private offering of the 206 million dollars of its 13 percent senior secured notes due in 2020. "Our new debt arrangements, coupled with improved financial performance, will provide added flexibility in delivering upon our operating plan for 2013 and beyond," said Dov Charney, American Apparel's chairman and CEO. American Apparel has also entered into a new 35 million dollars five

Luxury group LVMH has announced that it is to reprise and expend its successful Journées Particulières programme this summer, which allows the public to visit the conglomerate’s workshops that produce its leather goods, couture pieces, and high-end jewellery. The initiative, helmed by Antoine Arnault, LVMH director and Berluti CEO, made its debut in October 2011 featuring 24 sites and attracted more than 100,000 visitors. For the second instalment the LVMH Group is opening its doors to more tha

Levi Strauss & Co announced that in its financial results for the first quarter ended February 24, 2013 net revenues decreased 2 percent on both reported and constant-currency bases, due to lower sales in Asia Pacific and the impact from licensing the Levi’s brand boys business. First quarter net income increased 117 percent to 107 million dollars compared with 49 million dollars in the first quarter of 2012, driven by a stronger gross margin and improved operating margin. “In the first qua

Jossi's VisionShield XSpect Coloured contaminants in cotton as small as a single hair can be detected by a new foreign matter detection system Jossi saw a steady year in 2012 with confident investments from China and to a lesser extent, India. “We are cautious about 2013,” said managing director, Walter Kiechl. “It will probably be the same as last year but we hope it could turn out better.” The company is rolling out a new generation foreign matter detection system, the Vision Shie

The European Commission today announced proposals to update the EU’s range of available countermeasures against unfair competition from dumped and subsidised imports. Among the measures proposed are higher duties on imports from countries that use unfair subsidies and create structural distortions in their raw-material markets. In such cases, says the Commission, the EU would deviate from its general ‘lesser duty’ rule that keeps the additional tariff within the limit of what is strictly nec

Small industrial units located in Kotlakhpat Industrial Estate, Qauid-e-Azam Industrial Estate, Kattar Band Industrial Estate, Sundar Industrial Estate and Industrial Clusters at Multan Road are facing power breakdowns of up to 20 hours. Manufacturers said that industrial units were on the verge of collapse due to prolonged and unscheduled power cuts but LESCO authorities are playing the role of silent spectator and paying no heed. They urged the government to ensure equal supply of elec

The garment manufacturers of Pakistan are pinning hope on the approval of the European Union’s Generalized System of Preference Plus (GSP Plus) status to their country by the EU Commission at Brussels. According to the industry representatives, if the EU commission qualifies the country for GSP plus, bulk of ‘Made in Pakistan’ apparels will have duty-free access to the European Union and it is expected that rate of export growth in EU member states would increase significantly. Speaking

Kevin Durant will debut a new N7 version of his signature Nike Zoom KDV on April 11. N7 is Nike’s commitment to bring sport and all its benefits to Native American and Aboriginal communities in North America, with a focus on youth. The Nike Zoom KDV N7 features a turquoise upper and an all-over, yellow fade print inspired by modern Native art. Turquoise is used often as a color symbolic of friendship in many Native communities, and yellow is one of four colors—yellow, red, black and white—

The spike in cotton yarn prices has raised the prospects of export curbs with the garment lobby pitching hard for restrictions , amid fears that cotton will get costlier in the months ahead on expectation of a projected supply shortage in the next season. In fact, garment manufacturers are blaming the high yarn prices for their inability to pass on the benefit of lower excise on readymade garment even as they are being blamed for pocketing the 12.5% gain due to the removal of the levy. "For pri

Zensah, the number one selling compression leg sleeve brand, will debut the new Reflect Compression Leg Sleeves at the 2013 Boston Marathon. Zensah compression apparel aids runners to prevent injuries, support muscles, and achieve their goals. For many runners, the Boston Marathon is the ultimate running goal. It is one of the most prestigious races, attracting elite runners from around the world. Zensah will be attending the marathon for the fifth year, where they are recognized for laun