The improvement in denim market has started to reflect on the balance sheets of denim mills in India Arvind  Mills from India has recently declared its financial results and has shown a profit of Rs 12.25 crores(USD 2.6 million approx.) for the third quarter as against a loss of Rs 33.17 crores(USD 7.5 million) in the corresponding period last year. Though the results are strictly not comparable because of demerger of its brands and retail business, they do reflect the positive ...Read More

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Levi Strauss & Co  announced its financial results for the third quarter ended August 30, 2009 and they were surprisingly poor. Both the turnover and net profit went down. Turnover was down 6% and net income was down 41%. This is surprising since denim has been the only  one segment in the textile sector which has been showing positive growth in last one year. The  imports of denim is also continuously rising in US with over 6% rise in imports of Women’s denim in the ...Read More

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Weiqiao Textile Company Limited of China is  a non state-owned enterprise and the largest cotton textile producer in the PRC, specializing in the production, sales and distribution of cotton yarn, grey fabric and denim.  Weiqiao Textile is located in Shandong, China’s second largest cotton producing province. The Group has four production bases in Weiqiao, Binzhou, Weihai and Zouping and employs approximately 132,000 people. For the half year ...Read More

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