Dear All, Happy New Year 2019! On the occasion of New Year, on behalf of the Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB), we would like to wish all members a happy and successful New Year 2019! Wish you a wonderful new year filled with abundance, joy, and treasured moments.
The Honorable Ambassador of Switzerland to Bangladesh H.E. Dr. René Holenstein visited Picard Bangladesh – one of the members of Leathergoods And Footwear Manufacturers & Exporters Association of Bangladesh (LFMEAB) – in Savar on Sunday, 23rd December 2018. Mr. Md. Saiful Islam, the President of LFMEAB and Managing Director of Picard Bangladesh Ltd., welcomed Ambassador…
The trade war between the U.S. and China has had a negative impact on U.S. footwear imports from the top supplier. With 10 percent tariffs imposed on China by the Trump administration, including on some leather raw materials, plus a threat of another 25 percent tariff hike in 2019 that hasn’t yet come off the…
Investment in leather goods and footwear has been rising significantly, thanks to more and more foreign and Bangladeshi investors pumping in money as production cost has gone up in competitor countries, say industry insiders. Moreover, Bangladeshi entrepreneurs are investing in compliant factories to produce high-quality footwear that will eventually reduce the dependence on the import…
The National Board of Revenue is likely to cut the source tax on total export proceeds of exporters further in the face of demand from industries, particularly from apparel manufacturers. The tax at source may be slashed to 0.25 percent from existing 0.6 percent on all export items except for jute and jute goods, said…
“The footwear industry welcomes the news that the US will not pursue any new tariffs on Chinese goods while the two countries seek a negotiated outcome to this protracted trade war”, stated Matt Priest, President and CEO of the FDRA, adding: “Our companies know far too well the negative impact import duties have on American…
Five member companies of LFMEAB: Bay Footwear Ltd., Akij Footwear Ltd., F.B. Footwear Ltd., Picard Bangladesh Limited, and Leatherex Footwear Industries Limited has achieved National Export Trophy for the year 2015-2016. Among them Picard Bangladesh Limited and Bay Footwear Ltd. has achieved Golden Trophy, F.B. Footwear Ltd. has achieved Silver Trophy, Akij Footwear Ltd. And…
The safety of sourcing in Bangladesh may be at risk without a fully-functioning regulatory body in place to monitor the condition of factories there. The Accord on Fire and Building Safety in Bangladesh, which has been inspecting factories and overseeing remediations, is set to shutter at the end of this week. Bangladesh had sought to…
Some highlights of the latest version: 1. Strategic partnership between CCC and the Hamm-Reno Group 2. Vivarte sells its remaining shoe retail chains 3. The casual footwear market speeds up 4. Clarks performs well only in Asia 5. Geox releases disappointing Q3 results 6. Geox hopes to reach sales of €1 billion 7. Wolverine rides…
Prime Minister Sheikh Hasina said on Thursday the government will set up two more leather industrial parks in Chattogram and Rajshahi for unlocking the huge potential of the country’s leather sector if her party is reelected in the next election, reports UNB. “I want to establish two more leather industrial parks alongside tanneries in Rajshahi…