India Allows Entry of Foreign Retailers
INDIA -- The long awaited entry of overseas companies into the Indian retail sector has been approved and a major policy announcement has been welcomed by most of the industry segments. The Indian government is now allowing up to 51 percent… Read more.February 3, 2006
Marriott Announces Plans for Great Room Concept
WASHINGTON, D.C. – Marriott International recently unveiled plans for its great room concept, which will be introduced at select Marriott Hotels & Resorts and Renaissance Hotels & Resorts in 2006. The new concept will initiate a transformation… Read more.January 20, 2006
Trevira to Introduce Lower Modified Fiber in the U.S.
FRANKFURT, Germany -- An anonymous, yet knowledgeable industry source has revealed that Trevira will be introducing a new lower modified fiber into the US market to compete with Avora this year. Trevira, a company of Reliance Group, India,… Read more.January 6, 2006
Hilton Hotels Acquires Hilton Group PLC
BEVERLY HILLS, California -- The Hilton Hotels Corporation has reached an agreement to acquire the lodging assets of Hilton Group plc for approximately $5.71 billion. The transaction is expected to close in the first quarter of 2006. Upon completion,… Read more.December 29, 2005
Tex-Styles India Set to Bring Newest Styles and Trends to New Delhi's Pragati Maidan
NEW DELHI, India – The 12th Edition of Tex-Styles India will take place in 2006, once again bringing a global appeal to the Pragati Maidan, with about 300 leading Indian companies expected to showcase their products. The show will feature… Read more.December 22, 2005
Spanish Respond to Textile Flood with Brand Building, Added Value, Teamwork
BERLIN, Germany — Asian textiles have flooded markets everywhere, including Spain, a traditional textile stronghold and consumer of textiles. According to Spanish government figures, Asian goods now make up 40% of textile imports… Read more.December 12, 2005
McCallum, Mischen, Glabman: Partners in New Velvet Business
GREENSBORO, North Carolina — Steven Mischen, Tom Glabman and Elkin McCallum have formed a new company for the purpose of producing a line of velvets previously produced at LaFrance Velvets. McCallum, owner of Joan Velvets, is providing… Read more.December 9, 2005