DIRECT TRADING - UAE (Shoes and Footwear Importers)

Company Name: DIRECT TRADING
Address: GOLD & DIAMOND PARK, SHEIKH ZAYED ROAD, BUILDING 5 OFFICE 208 P.O. Box 9344, Dubai,
Country: UAE
Tel: 00971-4-3237966
Fax: 00971-4-323-4429
Email: info@direct-trading.ae, waelelmonofy@direct-trading.ae
Web:
Contact Person: Mr. Wael El Monofy
Products: Footwears
Other Information:

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Original Sports SRL - Argentina (Shoes and Footwear Importers)

Company Name: Original Sports SRL
Address: Juncal 4484 Piso 7, Capital Federal de Buenos Aires - C1425BAB
Country: Argentina
Tel: 0054-11-57871403
Fax:
Email:
Web:
Contact Person: Guillermo Rudich
Products: Footwears
Other Information:

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Fiddes Sport - Australia (Shoes and Footwear Importers)

Company Name: Fiddes Sport
Address: 18-20 Ovando St, Preston, Victoria 3072
Country: Australia
Tel: 0061-3-84804700
Fax:
Email:
Web:
Contact Person: Nozz Sawa
Products: Footwears
Other Information:

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Sga Vanneste Distribution - Belgium (Shoes and Footwear Importers)

Company Name: Sga Vanneste Distribution
Address: Antoon Catriestraat 39,unit 5E, B-9031, Drongen
Country: Belgium
Tel: 0032-92581405
Fax: 0032-92582581
Email:
Web: www.sgavanneste.com
Contact Person: Isabelle Fimmers
Products: Footwears
Other Information:

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Bn Comercial Atacadista De Produtos Esportivos Ltda - Brazil (Shoes and Footwear Importers)

Company Name: Bn Comercial Atacadista De Produtos Esportivos Ltda
Address: R. Francisco Souza Dos Santos, 03 Cep 29164 � 153, Jardim Limoeiro Serra Espirito Santo
Country: Brazil
Tel: 0055-11-30323490
Fax: 0055-11-30323490
Email:
Web: www.and1.com.br
Contact Person: Marcelo Benfica
Products: Footwears
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BGMEA demands Hall-mark probe

Garment exporters yesterday demanded a quick probe into the corruption allegations against Sonali Bank officials and the Hall-mark Group authorities.

In a written statement, leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) also expressed concern that the scandal can seriously hamper the process of borrowing from banks by entrepreneurs in the industrial sector.

“The authorised dealer (AD) branches of the banks are showing apathy to the cases of local bill purchases due to the scandalous irregularities by corrupt bank officials and vested quarters among the business community,” said the statement yesterday.

The AD branches are often unduly referring the local bill purchases to the head office for further approval, or showing excuses, referring to the central bank, they said.

The alleged loan scam of Hall-mark Group, an apparel maker, would hamper new exploration initiative by real entrepreneurs as the scam could damage the brand image of the country, said the exporters.

The BGMEA leaders demand strict legal actions against those involved in the financial irregularities, the statement added.

An investigation by the Bangladesh Bank found that the Ruposhi Bangla Hotel branch of Sonali Bank is responsible for illegally disbursing Tk 3,547 crore loans to Hall-mark Group and five other companies between 2010 and May this year.

The investigation also revealed that Hall-mark Group alone took Tk 2,686 crore out of the total amount of loans.

Source: http://www.bgmea.com.bd/home/pages/BGMEAdemandsHallmarkprobe 

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H&M purchase to double in five years

H&M, the Swedish retail giant for clothing, will double its annual outsourcing volume from Bangladesh to around $3 billion within the next five years. The biggest outsourcing company for Bangladeshi garment items said they get products at competitive prices from the country. Leaders of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) revealed the plan of H&M at a press conference at its office in Dhaka yesterday. Karl-Johan Persson, chief executive officer of H&M, was present at the briefing. Persson arrived in Dhaka yesterday on a two-day visit to discuss business strategies and to meet Prime Minister Sheikh Hasina. “I am grateful to be here in Bangladesh. H&M has been doing business with Bangladesh for the last 30 years. We have a long-term commitment to Bangladesh,” he said in a brief speech. More than 100 journalists from the local and international media attended the press briefing. This is the second such visit by a chief executive of H&M. Earlier, the then CEO of the retail chain visited Bangladesh in 1999. “We are increasing business in Bangladesh. We are discussing different challenges in garment business,” said Persson, who is leading a five-member team of senior officials from H&M. The team will also visit several garment factories to oversee their production process. Currently H&M purchases woven garments, knitwear items, home textile, under garments and trousers from nearly 250 factories in Bangladesh. 

 

The company also outsources from China, Vietnam and Cambodia. “I sell garment items worth around $2 million to H&M per month,” said Siddiqur Rahman, a vice-president of the BGMEA. BGMEA President Shafiul Islam Mohiuddin said the leaders of the association visited the headquarters of the company last October. H&M has a big contribution to the garment business in Bangladesh.

 

“The H&M officials and BGMEA leaders discussed different opportunities and challenges for the growing garment business in the country,” Mohiuddin said. He said the garment makers have made significant progress in safety and compliance issues at the factory levels as per the requirements of the international buyers. The BGMEA is operating some hospitals and schools for the workers' children as part of their corporate social responsibility, he added. “We have the opportunity to grab more market share. But, we have to think whether we have the capacity to grab that opportunity,” he said. Jyrki Tervonen, chief financial officer of H&M, KG Fagerlin, global production manager, and David Savman, country manager for Bangladesh, accompanied the CEO at the briefing.

 

Founded in 1947, Hennes & Mauritz -- popularly known as H&M -- has around 2,600 stores across the world. H&M operates under five brands: H&M, COS, Monki, Weekday and Cheap Monday. In November last year, McKinsey & Company, a global management consulting firm, said Bangladesh's apparel exports could triple to $42 billion by 2020. McKinsey also said Bangladesh's high growth in the readymade garment sector would continue for a decade. In 2011-2012, Bangladesh exported garments worth $19.09 billion. 

 

Source: http://www.bgmea.com.bd/home/pages/HandMpurchasetodoubleinfiveyears 

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H&M chief to visit Bangladesh

Karl-Johan Persson, chief executive officer of the Swedish retail chain H&M, is due in Bangladesh tomorrow (Monday) to attend important meetings with the readymade garment manufacturers and Prime Minister Sheikh Hasina. Three officials from H&M, including the chief financial officer and chief of global marketing, will accompany Persson for the two-day visit, said Siddiqur Rahman, vice-president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA). Persson will hold meetings with the BGMEA leaders and the prime minister, along with making factory tours, according to Rahman. “I cannot disclose specifics of his visit right now,” Rahman added. “But the CEO will definitely discuss issues surrounding the RMG sector of the country, as Bangladesh is an important outsourcing destination for H&M -- the company is increasing its purchase orders every year from Bangladesh,” Rahman said. 

Moreover, the company is now carrying out some important corporate social responsibility (CSR) activities in collaboration with the BGMEA, which the H&M officials are scheduled to discuss during the visit, he added. “A high-powered Chinese business delegation, too, is now visiting Bangladesh for investing in the garment sector in the country. The business delegation has already held meetings with its Bangladeshi counterpart on this matter,” Rahman said. H&M, thanks to its annual purchases worth nearly $1.5 billion, has overtaken Walmart, the world's largest retail chain, as the biggest buyer of Bangladeshi readymade garment products. Founded in 1947, Hennes & Mauritz, popularly known as H&M, has approximately 2,600 stores the world over. H&M operates under five different brands: including H&M, COS, Monki, Weekday and Cheap Monday. 

Source: http://www.bgmea.com.bd/home/pages/ChieftovisitBangladesh

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Bangladesh wants more investment from China

A high level Chinese business delegation will be in the Bangladeshi capital Dhaka this week, to discuss expanding business opportunities.

In recent months, Chinese companies have started outsourcing more manufacturing of clothes to the South Asian nation.

The BBC's Bangladesh correspondent, Anbarasan Ethirajan, has been hearing the views of garment companies and their workers, about the prospect of more investment from China.

Source: http://www.bgmea.com.bd/home/pages/BangladeshwantsmoreinvestmentfromChina 

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Bd - China apparel makers for business expansion in China

Bangladesh’s apparel exporters and their Chinese counterparts are looking for ways to expand Bangladesh’s readymade garment (RMG) market in China as Bangladesh produces quality products at competitive prices, officials here said on Saturday.

A Chinese business delegation, led by vice-president of Feng Dehu China National Garment Association (CNGA), arrived here on Friday and visited a number of RMG factories.

Founded in 1991, CNGA is a nationwide organisation of China’s garment industry.

“The way we’re progressing, we’ll definitely do better in the Chinese market,” President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) M Shafiul Islam told UNB over phone on Saturday.

Replying to a question, he said they are exploring opportunities and looking for collaboration with China in the largely untapped areas like high fashion clothes and textiles.

“It’s a new market…we’ve just got duty-free access there (China) which covers almost all Bangladeshi RMG products. It takes time to expand a market,” Mohiuddin said.

Bangladesh’s garment exporters enjoy more than 90 per cent of their products, such as T-shirts, jeans, sweaters and casual trousers duty free access to the Chinese market.

“China is Bangladesh’s next RMG market destination . .- here’s huge potential to have Chinese market for our RMG products,” BGMEA first vice-president Nasir Uddin Chowdhury said.

He said Bangladesh’s current RMG export to China is below US$ 300 million. “But it’s gradually increasing.”

Chowdhury, also the Managing Director of Eastern Apparels Limited, said the wage of workers in China is very high. “So, they can import RMG products from Bangladesh with better price.” 

 Source: http://www.bgmea.com.bd/home/pages/BdChinaapparelmakersforbusinessexpansioninChina

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