Word: apparel
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...highly fragmented, made up of thousands of small manufacturers. Whether they will survive after 2005, when exporters will have to compensate for falling prices by selling more volume, is unclear. Joshi of the Children's Place adds that, unlike China, India still doesn't have many large, modern apparel factories and that its often antiquated plants might struggle to handle the flood of new orders. For India, he says, "it will be like surfing a wave for 18 months. Either the country will drown under the inflow or will learn to glide...
...Shahzad Arshad, a leading apparel exporter in Pakistan, says he fears a disaster looms for his industry. Pakistan has been one of the main beneficiaries of the current system. When China and India maxed out on their annual quotas, American buyers often turned to Pakistan. Its garment industry earned two-thirds of the country's export dollars last year. But Arshad fears that at least 60% of the 2 million Pakistanis who work in the ready-made garments sector could lose their jobs in coming years. "The new regime will wipe out thousands of small and medium-size exporters," says...
...they trawl southern China's gritty manufacturing towns, weary apparel buyers from companies like Polo Ralph Lauren and Liz Claiborne find an unexpected oasis at Building No. 15 of the Luen Thai clothing-manufacturing compound in Dongguan, Guangdong province. There, the visitors are greeted by a neatly uniformed, smiling receptionist who directs them to any of 337 guest rooms?or they can stop by the library, fitness center, Internet caf?, restaurant, cinema or one of the four zebra-skin-motif karaoke rooms. Belying its unimaginative name, Building No. 15 is actually a private, full-service hotel, opened last April...
...largest apparel maker listed on the Hong Kong stock exchange, Luen Thai has factories in four countries but is shifting capacity to mainland China ahead of the lifting of the trade restrictions. Last year, the company's plant on the tiny Pacific island of Saipan?a U.S. territory exempt from quotas?accounted for nearly half of all its production, compared with about 25% from China. But Chinese output is expected to double this year, and for the next few years Luen Thai plans to increase head count at its Dongguan facility from 5,000 to 14,000. In May, Luen...
...post advertises 15 hours' flying time on a 14-seat bombardier jet for the bargain price of $75,000. Another asks where to buy hunting apparel in Edinburgh. Anyone know the name of the maître d' at the Manhattan restaurant Downtown Cipriani? It's François, darling, says a thread of responses...