The 12 biggest clothing brands with offices in Turkey” will place $5 billion of orders with Turkish producers this year, including $1 billion fromInditex SA (ITX)’s” Zara, the newspaper said, citing Cem Negrin, the president of the Turkish Clothing Industrialists’ Association. ..Europe’s crisis has given Turkish producers an advantage over Chinese competitors as European retailers seek more flexibile production and smaller order sizes, Sabah said, citing Turkish clothing exporters association chief Ismail Gulle. Brands including Hennes & Mauritz and Next are in talks about production in Turkey and the country may regain some of the customers it’s lost since 2009.
Date:2/16/2012
Source:Reuters.com