Home / Knowledge / News / Apparel/Garments / 'More UK clothing retail brands coming to Philippines'
'More UK clothing retail brands coming to Philippines'
13
Feb '14
Some more clothing retail brands from the United Kingdom are likely to come to the Philippines this year, due to the country’s improved investment climate, Iain Mansfield, director at the Manila office of the UK Trade and Investment (UKTI) has said.
 
Speaking to reports at a press conference in Makati City, Mr. Mansfield said about two to four British clothing retail brands are expected to venture into the Philippines this year, in partnership with local retailers.
 
Giving the reasons for the keenness of the British brands to expand to the Philippines, the official said that Filipinos have money to spend and they like to look good. Moreover, the Philippines also has a flourishing retail industry, he added.
 
Some UK clothing brands that already have a presence in Philippines include Marks and Spencer, River Island, Speedo, Lee Cooper and TM Lewin.
 
2014 has already seen the arrival of three trade missions from the UK, and five more trade missions have been lined up for exploring opportunities in various other sectors, besides clothing, Mr. Mansfield said.
 
In order to promote greater trade and investment ties between the UK and the Philippines, the UK Government has appointed George Freeman as its trade envoy for the Philippines.
 
The UKTI is planning to organize around 10 webinars for promoting Philippines as a favourable place to do business. Further, to assist British firms keen on setting up its footprint in the Philippines, a new Centre would be set up by April this year in the Fort in Taguig City, the official said.
 
Although the UKTI is encouraging British firms to invest in the Philippines, it would also like to see more Filipino companies doing business in the UK, he added.
 
The UK is the fourth largest source of foreign direct investment (FDI) in the Philippines.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: American Apparel

Apparel/Garments | On 25th Feb 2017

Gildan to make some American Apparel products outside US

Gildan Activewear, which recently acquired US fashion brand American...

Courtesy: Kolon Sport

Apparel/Garments | On 25th Feb 2017

Kolon Sport to set up JV with ANTA for Chinese market

Kolon Sport, an outdoor gear and clothing brand of Korea based Kolon...

Designer Karishma Jumani with Niraj Jawanjal, founder and director of IIFW. Courtesy: IIFW

Textiles | On 25th Feb 2017

IIFW to bring together premium lingerie brands

India Intimate fashion Week (IIFW), dedicated to showcasing the...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search