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Casualwear boom impacts positively on knits at Ciel Textile

With a trend towards remote work, Ciel says there is a higher demand for casualwear at the cost of formalwear which is being negatively impacted (woven segment).

16th November 2020

Knitting Industry
 |  Ebene, Mauritius

Knitted Outerwear

Mauritius headquartered Ciel Textile, part of the Ciel Group, says higher demand for casualwear at the cost of formalwear, is impacting positively on its knitwear and knitted fabrics businesses.

Ciel Group’s Textile cluster saw a major drop in its order books in the last quarter of the financial year ended June 2020, while some factories had to be temporarily closed in Madagascar and India during the lockdown period. With a trend towards remote work, Ciel says there is a higher demand for casualwear at the cost of formalwear which is being negatively impacted (woven segment).

Accordingly, demand is picking up and order bookings are up particularly in the Knits and Knitwear segments as consumer spending recovers and economies reopen, although COVID-19 is still putting retailers at risk as a second wave of the pandemic hits Europe, the company reports. Ciel says it has a competitive edge through its geographical diversification in Bangladesh, India and Madagascar and is well placed to benefit from new opportunities arising from the US-China trade dispute as orders are being redirected out of China to other regions.

CIEL Textile is a global player in textiles and garments, and is present in Mauritius, Madagascar, India and Bangladesh. The company’s vision is to be the best global fashion partner with the objective to deliver unbeatable value to medium and upmarket retailers. Ciel Textile has interests in knitwear (Floreal), woollen yarns (FSM), fashion fine knits (Tropic) and circular knitted fabrics (CDL).

Ciel Textile Website

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