×
102 795
Fashion Jobs
TAPESTRY
Associate Manager, Site Merchandising Lifestyle
Permanent · New York
TAPESTRY
Manager, Materials Development & Sourcing
Permanent · New York
JOCKEY
Area Manager - Pacific Northwest
Permanent · Woodburn
MICHAEL KORS RETAIL INC
Part Time Sales Supervisor, Crabtree Valley Mall, Raleigh, nc
Permanent · Raleigh
MICHAEL KORS RETAIL INC
Full-Time Sales Supervisor Streets at Southpoint Mall; Durham, nc
Permanent · Durham
BANANA REPUBLIC
General Manager- Outlets of Maui
Permanent · Lahaina
BANANA REPUBLIC
General Manager- Colorado Mills
Permanent · Lakewood
NORDSTROM INC
2nd Shift Wrap Area Manager Warehouse - West Coast Omni Center, Riverside, ca
Permanent · Riverside
NORDSTROM
Asset Protection - Security Ambassador - Riverwalk Outlets Rack
Permanent · New Orleans
NORDSTROM
Asset Protection - Security Ambassador - Mission Valley Rack
Permanent · San Diego
NORDSTROM INC
Business Analyst -Inventory Integrity And Quality-Wcoc-Riverside, ca
Permanent · Riverside
OLD NAVY
Assistant General Manager, Merchandise - Regency Square
Permanent · Brandon
OLD NAVY
Asset Protection Agent - Warwick Mall
Permanent · Warwick
ADIDAS
Senior Manager Global Procurement
Permanent · Portland
ADIDAS
Senior Product Owner - Digital Observability
Permanent · Portland
ADIDAS
Manager Ctc Global Merchandising
Permanent · Carlsbad
ABERCROMBIE AND FITCH CO.
Financial Analyst, Inventory Control
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Enterprise Business Solutions Analyst
Permanent · Columbus
ABERCROMBIE AND FITCH CO.
Manager - Digital Product Management (Remote)
Permanent · Columbus
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time: Huntington
Permanent · Huntington Station
BLOOMINGDALE'S
Art Director - Photo
Permanent · New York
RALPH LAUREN
Associate Manager Merchandise
Permanent · Bluffton
By
Reuters
Published
Nov 15, 2016
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

India's Welspun to closely monitor its Egyptian cotton business

By
Reuters
Published
Nov 15, 2016

Home textiles manufacturer Welspun India on Tuesday said it has initiated steps to closely monitor and control its Egyptian cotton business, which had come under a cloud early this year over quality issues.


Welspun has initiated steps to closely monitor and control its Egyptian cotton business - Welspun India



"...the company is moving towards producing all the Egyptian cotton products in-house i.e., from procuring cotton to the finished product," the company said in a statement.

The steps to be initiated include deployment of a dedicated resource in Egypt for sourcing of Egyptian cotton, increasing third party assurances such as Gold Seal from Cotton Egypt Association, vendor audit and DNA tests, it said.

Welspun India found itself in a spot in August when U.S. retailer Target Corp accused the company of selling cheaper sheets as premium Egyptian cotton for two years, damaging the company's reputation and hurting India's image in quality control.

The Egyptian cotton imbroglio hit the company hard and led to a net loss in the quarter ended Sept. 30 from an otherwise healthy profit last year.

The company posted a consolidated net loss of 1.48 billion rupees ($21.87 million) for July-Sept as against a profit of 1.79 billion rupees a year earlier.

($1 = 67.6829 Indian rupees) 
 

© Thomson Reuters 2021 All rights reserved.