Mosaic Brands Limited, one of Australia's biggest retailers, is planning to permanently close all of its fashion chains, putting at least 23 Bangladeshi ready-made garment (RMG) manufacturers at danger of losing about US $ 30 million in payments.
Manufacturing News
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Envoy Textiles Limited, one of the leading textile companies in Bangladesh, has reported impressive financial results for the first half of the fiscal year 2024-25, despite facing significant challenges including supply chain disruptions and rising connectivity costs.
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Matin Spinning Mills PLC has announced a notable increase in profits for the first half of the 2024–2025 fiscal year.
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During the second quarter of the fiscal year 2024-2025, Beximco, a prominent corporation in Bangladesh, announced a significant drop in its financial performance.
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The new sourcing office, Z&H Sourcing LLC, has been formally launched by Jamuna Group and is situated in New York, USA.
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Industry leaders in Bangladesh's apparel and textile sectors are raising alarms over the Government's recent proposal to increase gas prices by a staggering 150 per cent for the industrial sector.
