Fibre2Fashion Magazine June 2018 June 2018

Beat REST OF THE WORLD DIGITAL PRINTING Mimaki & Bompan launch Mimaki Bompan Textile Pic courtesy: Mimaki Europe Mimaki Europe, focused on promoting the analogue-to-digital transformation of printing processes in the textile and apparel market based in Netherlands, has established a joint venture with Bompan Srl, a leading distributor in Italy, to launch Mimaki Bompan Textile Srl. Mimaki Europe has a 51 per cent ownership in the new joint venture. INDUSTRIAL ILO, IHKIB to work together under cooperation protocol Pic courtesy: ILO Turkey The International Labour Organisation (ILO) and Istanbul Apparel Exporters’ Association (IHKIB) are working together under a cooperation protocol to create decent work for Syrians and host communities in the apparel industry, and support an enabling environment for economic growth. The work under the protocol will be undertaken in Istanbul and Bursa. The protocol will be valid for two years. Strategic programmes to improve competency, research, production and promotion are also expected to be conducted at the centre. The company can produce up to 500,000 pieces per month. It exported garments worth $62 million to the US and $300,000 to the EU in 2017. APPAREL Canadian Tire Corporation taking over Helly Hansen Delta Galil to acquire Eminence Group Canadian Tire Corporation (CTC) is acquiring Helly Hansen, the company controlled by the Ontario Teachers’ Pension Plan which owns and operates the Helly Hansen brands and related businesses. The acquisition is likely to close in Q3 2018 and is subject to usual closing terms. Founded in 1877, Helly Hansen is a leading global brand in sportswear and workwear based in Oslo, Norway. Within its core categories of sailing, skiing, mountain, urban, rainwear and workwear, Helly Hansen designs and delivers products used by professionals and outdoor enthusiasts around the world. The acquisition will strengthen CTC’s core businesses across multiple banners, increases its brand offerings in Canada and its ability to grow its brands internationally. 26 | FIBRE 2 FASHION JUNE 2018 Legacy Athletic, League Collegiate Outfitters to merge Jerash Garments becomes first Arab firm to get listed on Nasdaq Jerash Garments and Fashions Manufacturing Company (JGFMC) located in Sahab Development Zone in Jordan has become the first Arab company to be listed on the Nasdaq stock exchange in New York. It was also the first Jordanian company to receive authorisation for exporting to the EU as per relaxed rules under a deal between the country and the Union in 2017. TEXTILES New woven fabric SMEs centre comes up in Indonesia The industry ministry of Indonesia has partnered with the regency of Tanah Datar in West Sumatra to establish a centre for small and medium enterprises (SMEs) dedicated to developing woven textile industry in the region. The centre will encourage makers of woven fabrics to create trendy products with better design, motifs and quality for the customers. Delta Galil Industries, an Israel-based manufacturer and marketer of apparel for men, women and children, as well as leisurewear, activewear and denim, has signed an agreement to acquire Eminence SAS and its subsidiaries. The transaction is expected to close in the third quarter of 2018 and is subject to the fulfilment of French law requirements. As per the deal, Delta Galil will acquire the Eminence Group, which includes leading French underwear brands for men, women and children: Eminence and Athena and the Italian brand Liabel. Jordan’s King Abdullah during a visit to JGFMC in May 2018. Pic courtesy: King Abdullah II JGFMC has factories in three locations and provides employment to over 2,800 people. It manufactures products for some big brands like Walmart, Sears, Costco, Hanes, Columbia, Timberland, The North Face, Lee, Wrangler, Tommy Hilfiger, Speedo and Calvin Klein. Pic courtesy: Legacy Athletic Two Pennsylvania apparel companies— Legacy Athletic, a leading designer and supplier of vintage-inspired collegiate, resort and corporate headwear, apparel and home decor, and League Collegiate Outfitters, a manufacturer of premium collegiate apparel and accessories—are merging to offer a complete line of classic, casual apparel, headwear and home decor. The two announced that they have closed on a merger deal to create a single parent company, L2 Brands, LLC, that has been recapitalised by Dominus Capital. The combined platform will allow each brand to aggressively pursue growth opportunities in current and new markets with a cohesive-looking, full- scale line of customisable, trend-right products for its retailers and end consumers.

Fibre2Fashion Magazine June 2018 June 2018 | Page 26