Fairchild Holding Corp filed for Chapter 11 bankruptcy protection Wednesday March 18 but said it expects to continue to operate as usual without interruption while it reorganizes.
Specialty apparel retailer Eddie Bauer Holdings Inc said it faced a significant risk of violating the terms of a loan as early as the first half of fiscal 2009.
Czech artificial textiles maker Pegas Nonwovens said on Thursday March 19 it made a fourth-quarter net loss of 8.6 million euros ($11.6 million), worse than the 6.4 million loss expected by analysts.
Belgian speciality textile group Sioen Industries reported an 82.2 percent nosedive in 2008 net profit, missing market expectations and prompting it to slash its dividend, and gave a cautious outlook for the future.
Women's plus-size apparel retailer Charming Shoppes Inc posted a narrower-than-expected fourth-quarter loss, but said it will eliminate some of its non-core assets, including its Figure Magazine and website shoetrader.
The private equity firm Lion Capital has invested $80 million in the clothing manufactuer, distributor and retailer American Apparel.
South Korea warned Wednesday March 18 that it would respond with decisive action if Pyongyang again blocked access to a joint factory park in North Korea, but said it was too early to consider shutting the project down.
Chinatown in Prato, the capital of Italy's textile industry, is bustling, apparently impervious to the global financial downturn, with warehouses full of clothes ready to ship.
Apparel maker Guess Inc posted a sharp slide in quarterly net profit as impairment charges from retail stores and markdowns more than offset higher sales of trendy items.
Gianfranco Ferre and Malo could be up for sale as financially-strapped owner IT Holding seeks a way out of special administration. A source close to the matter told the company was likely to refocus on production licences through its Ittierre unit.
The European Commission ordered Spain on Tuesday to claw back government aid given to synthetic fibre maker SNIACE, saying the payment breached state aid rules.
Apparel maker Quiksilver Inc has hired investment bank Peter J. Solomon to help find funding or an investor, sources familiar with the situation said on Wednesday March 11th.
Women's-apparel retailer Charlotte Russe Holding Inc said it has asked its financial adviser to initiate the process for the sale of the company as part of its review of strategic alternatives.
For Jaysukhbhai Patel, a job cutting diamonds in the western Indian city of Surat was the ticket to a better life for him and his family of four.
U.S. lawmakers introduced a bill Wednesday to allow duty-free import of goods made in special zones in Afghanistan and Pakistan in an effort to combat extremism there through investment and job creation.