>>
Home / Knowledge / News / Fashion / New Image Investments has invested $3.8 million in the Israeli fashion label Irit.

New Image Investments has invested $3.8 million in the Israeli fashion label Irit.

24
Nov '05
Hong Kong based New Image Investments, under Chinese and ex-Israeli possession, has invested $3.8 million in the Israeli fashion label Irit.

New Image Investment possesses a textile unit in Hong Kong that manufactures international fashion brands marketed in South America, Australia and New Zealand. New Image Investments also has real estate in North America.

On account of the deal, New Image Investments, and Irit owners Irit Simon, and Zvika Asor will each own 33% of Irit. Under the agreement, New Image Investments' Hong Kong factories will manufacture part of Irit's collection.

By starting new stores and investing NIS 5.5 million in advertising, the Irit fashion chain has increased swiftly over the past two years.

Irit's turnover is NIS 36 million, and the chain intends to start 20 stores by the end of next year.


Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jan 2022

Singapore, Bangladesh agree to conclude FTA early

Bangladesh and Singapore have agreed to accelerate the process of...

Pic: Airlines IATA

Textiles | On 18th Jan 2022

Supply chain disruptions stall global cargo growth in Nov 2021: IATA

Data for global air cargo markets have revealed slower growth in...

Pic: Shutterstock

Textiles | On 18th Jan 2022

Philippine garment-textile industry seeks govt support to protect jobs

The Clothing and Textile Industry Tripartite Council (CTITC) in the...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Liquidity is a primary issue in Indian context

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Sanjay Vakharia,

Sanjay Vakharia

One of the first few Indian denim brands, Spykar, established in 1992, was ...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Dhirubhai & Arvind Shah,

Dhirubhai & Arvind Shah

It supplies synthetic fabrics to top international brands like M&S,...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Ritu Kumar, Label - Ritu Kumar

Ritu Kumar
Label - Ritu Kumar

<b>Ritu Kumar</b> is the most respected designerwear brand in India...

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

Leave your Comments

ESTEEMED CLIENTS

BIANCA
International Textile Manufacturers Federation
Arvind Limited
Sportmaster Ltd.
The LYCRA Company Singapore  Pte. Ltd
Aquarelle Clothing Limited
Babyshop
Lacoste (Wanchai)
Phong Phu international JSC (PPJ)
Asos
Gloria Jeans
IKEA of Sweden AB
Bluestem Global Sourcing Limited
Green Fibre
Lisa S.P.A.
Huntsman (Singapore) Pte Ltd
Hela Clothing Pvt Ltd
Varner AS Retail

January 2022

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


Advanced Search