Jo-Ann Fabric and Craft Stores, the leading fabric and craft specialty retailer in America, is proud to announce a Team Member development initiative designed to prepare women to ascend the company’s leadership ranks. "Jo-Ann is committed to developing our future leaders, and we understand women face unique challenges and demands as career professionals," said Tom Williams, senior vice president, human resources." With those unique challenges and demands in mind, we have crafted this initiati

Dafiti, Brazil's leading fashion online retailer, today announced its fourth round of investment, worth USD 65 million. The funding from international investors, structured as cash-for-equity, will be used primarily to bolster Dafiti's logistical operations and expand the company's portfolio of brands and products across the five countries in Latin America in which the company operates: Brazil, Argentina, Chile, Colombia and Mexico. The new round is led by New York-based Quadrant Capital Advi

Cytec Industries Inc. announced the appointment of Michael Radossich as President, Cytec Specialty Chemicals. In alignment with the current portfolio of businesses and pending sale of Coating Resins, Specialty Chemicals is comprised of the In Process Separation and Additive Technologies businesses. Mr. Radossich will become a member of Cytec's Executive Leadership Team, effective January 2013. He will continue to be based at the company's global headquarters in Woodland Park, NJ. Mr. Rado

A garment worker cuts cloth at a factory in Phnom Penh. To date over 700,000 workers atprivate companies and factories have registered to join a nationwide pension scheme thatwill go into effect in 2015. Photograph: Will Baxter/Phnom Penh Post More than 700,000 workers at private companies and factories across 19 provinces have registered to join a nationwide pension scheme that goes into effect in 2015, Labour Ministry officials told the Post yesterday. A branch of the National Social Secur

"They will discuss possible investments in energy, banking, telecommunications, gems, rice exports, fishery products, textiles, distribution, beverages and liquor, hotels, transport, education and business-related media," a chamber official said in a statement yesterday. The Thai delegation will be led by Phongask Assakul, chairman of the Thai Chamber of Commerce. Thai businesspeople are more interested in Myanmar after the enactment of the Foreign Investment Law. "Four or five groups of Tha

The General Department of Taxation has asked the HCM City tax office to review the relations between Adidas Vietnam and a number of companies in the global system of Adidas to determine the costs that this firm declared for tax calculation. The inauguration of Adidas Vietnam's 50th store in HCM City in late 2011.Photo: Saigon Times. This request was made after the Ho Chi Minh City Tax Department consulted the General Department on the tax policy for Adidas Vietnam. Based on t

Several models, wearing trousers made by global fashion leaders alleged to have been using harmful substances in their clothing process, are set up outside a sewage drain exit at the estuary of Hangzhou Bay on December 4. Photo: Courtesy of Greenpeace It seems to be an endless fight for 44-year-old villager Wei Dongying. Having been fighting against the water pollution discharged from a nearby industrial zone for years, she now says she is giving up. "It has been almost 20 years. The pol

There are currently 35 leather processing factories, and 171 producers of final leather goods in Mongolia according to the latest government figures. Many of these businesses operate only on a seasonal basis up to six months a year largely due to the lack of working capital to procure raw materials. The Government of Mongolia, in particular, the Ministry of Industry and Agriculture, is proposing a new initiative to address the problem, and support the leather processing sector in general, by

Sales at UK retailer John Lewis reached their best ever total of ?142m last week, up 15% on the same period in 2011. Christmas shopping drove an increase in sales both in-store and online, with johnlewis.com also reaching record figures of over ?42m. Last week’s first ‘Mega Monday’ proved a record day for the online operation, generating ?7.3m. The retailer argues that last week’s cold weather gave a boost to fashion sales, causing a major uplift in coats, scarves and knitwear in both wo