Close to 55,000 workers from the South African textile sector have been on strike since the 15th of September. The crisis could endure as the strikers have refused an offer from the management which they judged to be morally doubtful.
It has been a busy back to school season for Children Worldwide Fashion (CWF). The group is expanding the multibrand store distribution of its upmarket, ready-to-wear children’s range ‘Atelier de Courcelles’.
As the first snow begins to fall in the mountains, Oxbow is presenting its very first collection of snowboards. The boards have taken the colours and lines from the Natural, New and Wibes clothing collections.
Struggling British sportswear retailer JJB Sports warned investors not to expect any improvement in its performance until 2010/11 as it posted wider first-half losses, sending its shares up to 14.5 percent lower.
Peru gold miner Minera IRL Ltd said it has signed a deal to acquire control of the La Falda porphyry in the Maricunga gold belt of northern Chile, where it plans to begin drilling by the close of 2009.
New Zealand clothing retailer Hallenstein Glasson Holdings Ltd reported a 19 percent fall in full year profit because of tough retail markets and shrinking margins, but said it expected the coming year to be better.
Milan took over the baton for the next leg of the fashion season, kicking off eight days of catwalk shows and presentations, despite a last-minute shuffling of slots that threw organizers into a fluster.