Aditya Birla Fashion scales down Forever21, cuts costs

Most of these are stores opened by the brand before ABFRL acquired the licence for Forever21 from previous partners DLF Brands and Diana Retail. Mumbai: Aditya Birla Fashion and Retail Ltd (ABFRL), the licensee of American fast fashion brand Forever21, is downsizing the brand’s stores and cutting costs as sales from the fast fashion business decline, … Read more Aditya Birla Fashion scales down Forever21, cuts costs

Jailed Schroders Trader’s Criminal Lifestyle Costs Him $456,000

A former Schroders Plc equities trader was ordered to pay 350,000 pounds ($456,000) by a London judge after prosecutors said that he lived a “criminal lifestyle” on the proceeds of a decade’s worth of insider trades. Damian Clarke, who was sentenced to two years in prison in June 2016, was ordered to make the payment at a … Read more Jailed Schroders Trader’s Criminal Lifestyle Costs Him $456,000

Delay in execution of textile policy costs Uganda’s textile industry big

Uganda’s textile industry has been on a downhill slide, owing to the inordinate delay in execution of its textile policy, resulting in the industry incurring annual losses to the tune of Ush500 billion ($149.4 million), mostly from exports of unprocessed cotton. Currently, 90 per cent of the country’s cotton produce that is exported is in … Read more Delay in execution of textile policy costs Uganda’s textile industry big