The iconic black leather jacket, worn by the King of Pop Michael Jackson during his famous ‘Bad’ tour, has fetched an unbelievable amount of US$ 240,000 at the annual Icons & Idols auction event, administered by the Julien's Auctions Beverly Hills Gallery in Los Angeles. The recently held Icons & Idols auction featured a range of the legendary musician’s clothing and accessories, designed by his long-time costume designers Michael Bush and Dennis Tompkins. The other items that were

Creative designer Tara Shah and the team at Tara's Elegance, which offers a line of premium jeans, have announced the launch of a modeling competition for women between the ages of 14 and 30. Hopeful models can upload their photos via a special contest application on Facebook between now and Dec. 27, 2012. The winners will receive prizes valued at more than $4,000. The Tara's Elegance modeling contest is designed to identify promising new models and to offer these women the opportunity to

Workers assemble garments in a factory on the outskirts of Phnom Penh. Photograph: Pha Lina/Phnom Penh Post TK Garment Co Ltd, a leading Thai original equipment manufacturer for fashion lines in Thailand, is relocating its largest production site to Cambodia to escape high wage costs, the Bangkok Post reported yesterday. The company’s chairman Thaveekij Jaturajaroenkhun was reported as saying that 10 other garment companies are also in the process of relocating to neighbouring countries, esp

The global lingerie specialist Triumph International has introduced a new organic innerwear line called Cotton Comfort in Sri Lanka. The collection made of super soft mélange cotton, features two bra styles - underwired Comfort 28 W and a non-underwired Comfort 28 N, with matching briefs. The newly launched intimate wear pieces, available in two different tones of piping on neutral grey, are stitched with adjustable straps and a double layer of organic fabric to provide long lasting comfo

G-III Apparel Group, Ltd. today announced operating results for the third quarter of fiscal 2013 that ended October 31, 2012. For the third quarter ended October 31, 2012, G-III reported that net sales increased by 6.6% to $543.5 million from $510.0 million in the year-ago period. The Company’s net income for the third quarter was $48.3 million, or $2.37 per diluted share, compared to net income of $43.6 million, or $2.16 per diluted share, in the prior year’s comparable period. On an a

The export turnover of footwear and handbags is estimated to reach US $8.5 billion in 2012. The export of footwear can attain US$7.5 billion, up 12% against 2011. Despite reduction in production and consumption, Viet Nam has made efforts in seeking for export markets to deal with inventories, said Chairman of Viet Nam Leather and Footwear Association (Lefaso). The Ministry of Industry and Trade forecasted that the export turnover of footwear and handbags will obtain around US$9.5 bill

Fourteen people were killed and one was injured in a fire at an underwear factory in south China's Guangdong Province Tuesday, authorities said. The fire broke out at about 3:30 p.m. at the factory in Chaonan district in the city of Shantou and was put out half an hour later, the emergency management office of the Guangdong provincial government said in a statement. The injured worker is under treatment at a local hospital. Senior provincial officials have ordered to set up a working team to

Egypt's CIB (Photo: Al-Ahram Egypt's Commercial International Bank (CIB) has acquired a 38 per cent share in garment maker Concrete, the bank said on Monday in a statement to the stock exchange. The LE152 million ($25.3 million) deal was announced at the beginning of 2012. Al-Arafa Holding still owns 52 per cent of Concrete, one of Egypt's top menswear brands. Concrete saw total revenues of LE96 million in the first half of 2012 and LE205 million in 2011. CIB is Egypt's largest listed

Ideas that lower world cotton prices are dampening production prospects, and raising prospects of eroding record world inventories, received another fillip when US officials followed up a downgrade to Australia's harvest with one for Brazil too. US Department of Agriculture officials in Brasilia downgraded by 200m bales to 6.3m bales their forecast for the Brazilian cotton crop in 2012-13. The prospect of a 27% drop in production year on year reflected in part a knock-on effect from the slow