Project to build a new textile waste value chain in India
Apparel industry briefing
Gildan Activewear to acquire Phoenix Sanford
Basic apparel maker Gildan Activewear has acquired Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of about US$168m.
Lower growth rate for apparel sector
The global apparel market is now forecast (post-Covid-19) to grow at a CAGR of 1.5% from 2019 to 2023 to reach US$2.110bn by 2023.