Brazil said it would raise tariffs on 591 million dollars worth of US products, including many luxury consumer items such as cosmetics, in the latest twist in its showdown over US cotton subsidies it has blasted as unfair.
U.S. apparel maker Warnaco Group Inc reported higher-than-expected quarterly revenue and profit, but forecast 2010 earnings that could fall short of Wall Street estimates as it expands its retail and international businesses.
Freddy is the official clothing supplier for one of the world’s most important sporting events, the Winter Olympics. Freddy supplied the Italian team and was seen on the podium as Italian athletes celebrated their medals.
Mauritius' textile firms, which supply European chains such as Next and Inditex's Zara, need additional export markets and more high-value products to remain competitive, the Indian Ocean island's industry minister said.