Bangladesh's Garment Exports to EU Show Modest Growth in July-April Period

Bangladesh's garment exports to the European Union (EU) have seen a slight uptick during the July-April period of the current fiscal year, signaling resilience in the country's apparel industry despite ongoing challenges. According to data compiled by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) from the Export Promotion Bureau, garment exports to the EU reached $19.90 billion, reflecting a 3.66 percent increase compared to the same period in the previous fiscal year.

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Rethinking Fashion: Exploring Profitability Beyond Production

The fashion industry, long hailed as a cornerstone of the global economy, now faces a critical question: Can fashion brands continue to thrive without incessantly churning out new garments? The latest initiative from the Ellen MacArthur Foundation, Fashion ReModel, aims to tackle this question head-on by bringing together major players in the industry, including Arc’teryx, Primark, Reformation, Zalando, and various brands under the H&M Group umbrella. The goal of this initiative is to explore opportunities to decouple revenue from the production of new garments.

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AkzoNobel Announces Strategic Site Closures to Enhance Industrial Efficiency

AkzoNobel, a leading global paints and coatings company, has announced its intention to close its manufacturing sites in Groot-Ammers (The Netherlands), Cork (Ireland), and Lusaka (Zambia). Production from these sites will be transferred to other locations within the respective regions. This decision marks the beginning of a comprehensive, multi-year industrial efficiency plan, which is set to be completed by the end of 2026.

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