Textile - Business News

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USA: Iconix to purchase Starter Brand from Nike for $60 million
[Nov 16, 2007] Nike Inc. has agreed to sell its Starter brand to Iconix Brand Group Inc. (ICON) for $60 million. Nike, the athletic apparel company, said Starter's growth potential relative to its other brands, which include Converse and Cole Haan, led to the decision to divest. The deal is expected to close in December.

SWITZERLAND: Rieter to acquire textile components business unit, Berkol
[Nov 13, 2007] A Swiss-based industrial group with activities in all regions of the world, Rieter Group is all set to acquire Berkol, the textile components business unit of...

INDIA: Investment Committee approves assets takeover of Microsynth Fabrics
[Nov 09, 2007] The Investment Committee of Directors has approved the assets takeover Microsynth Fabrics (India) Ltd. by JBF Industries Ltd under...

INDIA: Kiri Dyes to setup new dyestuff manufacturing plant
[Nov 07, 2007] The city based Kiri Dyes and Chemicals Ltd (KDCL) has joint-ventured with China's Zhejlang Longsheng Group Company Ltd (Lonsen) with...

INDIA: House of Pearl to explore apparel retail market for Lerros
[Nov 06, 2007] The European brand Lerros, for its retail venture in India has entered into an equity tie-up with the city based...

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