Why some Australian clothing brands may not have enough cash to pay their suppliers

AUSTRALIA’S apparel industry is set to see a major shakeup this week after a federal government-appointed committee recommended that some brands may have too little cash to cover the cost of their suppliers.Key points:The Federal Government will look into whether suppliers are overcharging consumersThe report recommends some companies should be required to pay suppliers the […]

Ript apparel company to acquire Hyper apparel store

Ript is shopping into hyper apparel retailer Hyper and the deal would make it one of the largest apparel retailers in the world, according to people familiar with the matter.The acquisition is expected to close in the first quarter.The deal would also allow Ript to expand its portfolio of high-quality products and provide Hyper with […]