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Egypt seeks to attract Turkish investments in textile, RMG sectors

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Egypt seeks to attract Turkish investments in textile, RMG sectors



The Egyptian Commercial Service (ECS) office in Istanbul has intensified its investment promotion activities targeting Turkiye’s readymade garments (RMG) and textile sectors and their supporting industries.

The initiative aims at strengthening Egypt’s industrial ecosystem and localise key auxiliary manufacturing to boost export capacity and competitiveness.

Egypt’s consul general in Istanbul Ali Basha and deputy consul for commercial affairs Hoda Dorra recently met chairperson and board members of the Turkish Association of Clothing Accessories Manufacturers as well as representatives of several member companies.

The Egyptian Commercial Service has intensified its investment promotion activities targeting Turkiye’s textile and RMG sectors and supporting industries.
An Egyptian delegation’s recent meeting with the Turkish Association of Clothing Accessories Manufacturers concluded with a pact to organise an official visit to Egypt by an association delegation during the final quarter of this year.

The Egyptian delegation reviewed the range of incentives, including tax exemptions, streamlined licensing procedures and preferential access to industrial zones and export markets, available in Turkiye to foreign investors.

The meeting concluded with an agreement to organise an official visit to Egypt by a delegation from the Turkish association and its member companies during the final quarter of this year, Egypt State Information Service reported on Facebook.

The visit will allow participants to explore on-ground investment opportunities and assess the feasibility of establishing new clothing accessories and supplies factories in Egypt, serving both the domestic market and export destinations in Africa, the Middle East, and Europe.

Fibre2Fashion News Desk (DS)



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Global manufacturing momentum weakens in November

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Global manufacturing momentum weakens in November



Global manufacturing lost some traction in November, with both output and new orders expanding at slower rates and employment slipping back into contraction. The JP Morgan Global Manufacturing purchasing managers’ index (PMI) dipped to 50.5 from October’s 50.9, its weakest level in the current four-month growth streak.

Although three of the five PMI components continued to reflect improving operating conditions, employment and stocks of purchases contracted. Production and new orders rose for the fourth straight month, supported by consumer and intermediate goods, but investment goods saw renewed declines.

Thailand, India, Vietnam, Colombia, Pakistan and the US led global output rankings. The euro area and the UK registered mild growth, Japan contracted, and China saw output stagnate. Export demand remained a drag: global new export orders fell for the eighth consecutive month, though at the slowest pace in the current downturn. Developed markets such as the US, Japan and the euro area saw declines, while emerging markets, including mainland China and India, recorded increases.

Global manufacturing growth softened in November as the PMI slipped to 50.5, reflecting slower gains in output and new orders and a return to job losses.
Consumer and intermediate goods drove expansion, but investment goods weakened.
Export demand continued to contract, while business sentiment improved slightly yet stayed below average.
Inflation pressures persisted, especially in developed markets.

Business confidence edged up to a five-month high but stayed below its long-run average for the twentieth consecutive month. Brazil, Colombia and Thailand were the most optimistic, with the UK and the US also ranking high. The new orders-to-inventory ratio reached an eight-month peak, signalling tentative resilience ahead.

Employment fell for the second time in three months, with job cuts in China, the euro area and the UK offset by gains in the US, Japan and India. Backlogs of work continued to shrink, marking forty-one straight months of decline. Inventory, purchasing activity and input stock indices all pointed to contractions.

Input costs and factory-gate prices rose again, with inflation pressures sharper in developed markets. Supply chains remained strained as average vendor delivery times lengthened for the eighteenth month running.

“The JP Morgan global manufacturing output PMI fell back 0.3-points to 51.2 in November, a level consistent with modest but resilient growth in global industry. In our forward-looking indicators, the future output PMI made a reassuring 1.4-point rebound after dropping in October, though this was tempered somewhat by a fall in the new orders index to a four-month low. By economy, output in the US and India are still expanding at solid rates, whereas the performances in China and the rest of the G-4 remain lacklustre in comparison,” Maia Crook, Global Economist at JP Morgan, said in a release.

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Chinese group JD.com secures majority stake in holding company MediaWorld–Saturn

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Chinese group JD.com secures majority stake in holding company MediaWorld–Saturn


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Ansa

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December 2, 2025

Chinese group JD.com has acquired an 85.2% stake in Germany’s Ceconomy, the holding company that controls the MediaMarkt (MediaWorld in Italy) and Saturn retail chains, in a deal worth €2.2 billion, according to several specialist trade publications.

Ansa

Around 60% comes from JD.com’s takeover bid, with the remainder resulting from an agreement with Convergenta, the Kellerhals family’s holding company, which will retain a 25.35% stake. The company announced it in a statement.

Germany’s federal antitrust authority gave its approval in September, noting that JD.com had previously been ‘active in Germany only to a very limited extent.’

However, according to Ceconomy, completion of the public tender offer is still subject to approval by the relevant foreign trade authorities and to approval under the EU Foreign Subsidies Regulation. Completion is therefore expected in the first half of 2026.

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Wortmann Group’s Tamaris to launch multi-million-euro brand campaign in 2026

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Wortmann Group’s Tamaris to launch multi-million-euro brand campaign in 2026


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December 2, 2025

With an investment of more than €100 million, Germany’s Wortmann Group plans to launch the biggest brand and retail push in its history next year with its core brand, Tamaris. The nine-figure budget will be channelled primarily into building brand awareness and retail relevance.

Investing €100 million in Tamaris’ marketing: CEO Jens Beining and chief marketing officer Cathleen Burghardt. – Wortmann Gruppe

CEO Jens Beining and chief marketing officer Cathleen Burghardt are focusing on bringing more people into shops and stimulating demand. The aim is also to sustainably increase retail partners’ sales. At the heart of the push is a clear promise to specialist retailers: better earnings opportunities and stock that moves noticeably faster.

Retailer margins will be improved again for the AW26 season: “Margin is important for the trade- and we are continuously improving it. Equally important, however, is ensuring that stock doesn’t sit on shelves and that sell-through rates in retail rise again,” said Beining. “We create demand that converts in store. We are investing heavily in the brand so that our retail partners continue to achieve above-average success with us.”

The strategic priorities of the push are divided into five programme pillars. The first is to increase sales by optimising the brand experience. The initiative interlinks high-reach campaigns, digital touchpoints, and regional activation to channel attention directly to retail partners’ points of sale. It’s not just about visibility but about genuine added value for partners, such as brand relevance, sparking purchase intent, and increasing sales, emphasises Cathleen Burghardt.

The aim is to build loyalty and bring customers back into shops in 2026. A dedicated loyalty programme that enables personalised communications and relevant offers will support this. One of the stated goals is to increase repeat purchases and noticeably raise return-visit rates to partners’ shops.

Tamaris also aims to tap into new target groups with the men’s footwear sub-brand TMRS Men by Tamaris, among other initiatives. This will complement the existing range, increase sales-area productivity, and create cross-selling opportunities.

Women, the brand’s strong core target group, remain in focus: the extension complements rather than replaces and strengthens Tamaris as a lifestyle brand, says Cathleen Burghardt. The targeted strengthening of the European core markets and the expansion of global presence in the coming years should also increase international appeal and desirability at the point of sale (POS).

High-impact brand moments such as the recently announced partnership with Helene Fischer will act as traffic drivers. Tamaris is thus consistently relying on the power of a strong brand as a motor for retail and is creating long-term support from which partners are expected to benefit directly in their day-to-day business.

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