Indian Company Admits 'Error' After Target Cuts Ties Over Egyptian-Cotton Dispute - Wall Street Journal

Egyptian cotton is coveted for its softness and durability. But one of the world's largest bedding manufacturers is being accused by Target of pulling the wool over consumers' eyes. Photo: Getty. By. Preetika Rana. Preetika Rana. The Wall Street Journal.

Indian textile maker Welspun under scrutiny over sheets - U.S. News & World Report

Scrutiny over whether its Egyptian cotton sheets are actually knock-offs has sent shares in Welspun India Ltd. plummeting. | Aug. 25, 2016, at 12:06 p.m.. MORE. LinkedIn · StumbleUpon · Google +; Cancel. Indian textile maker Welspun under scrutiny over ...

Are Your Egyptian Cotton Sheets The Real Thing? How To Get A Refund After Target Phony Fabric Controversy - International Business Times

Most people are willing to shell out a couple of extra bucks for quality sheets but it looks like they may have been wasting their money if they purchased their bedding from certain stores. Several U.S. retailers such as Target and Wal-Mart are in the ...

Cotton supply chain transparency an ongoing challenge - just-style.com (subscription)

The revelation late last week that US department store retailer Target Corporation has pulled all luxury bed linen produced by Welspun Global Brands over concerns about the provenance of the cotton used in its products highlights the massive challenges ...

Welspun continues losing run; Rs 4867 crore investor wealth lost - Times of India

NEW DELHI: Welspun India's scrip witnessed severe drubbing for the fourth day in a row, falling over 8 per cent on Thursday amid a host of negative news following US-based Target Corp's decision to terminate its contract with the company for alleged ...

Macy's, JC Penney probing Welspun cotton sheets, Ikea plays wait-and-see - Retail Dive

More American retailers are looking into quality control issues of textiles manufactured by Indian supplier Welspun Global Brands. Bed Bath & Beyond, J.C. Penney and Macy's all said they are investigating the matter and will take action depending on ...

Welspun India's woes deepen; tough times ahead - Zee Business

"The issue, in fact, was around the provenance of the fiber, the product themselves were rated highly by the end consumers," said Welspun. By Pooja Jaiswar. Updated: Thu, Aug 25, 2016 04:20 pm. Mumbai, ZeeBiz WebDesk. Twitter · Facebook · GPlus.

Walmart, other US retailers to investigate Welspun India products after Target cancels contract - Scroll.in

The textile company's market value dropped by nearly 50% after Target accused it of passing off standard cotton sheets as premium Egyptian ones. Scroll Staff. Published Aug 25, 2016. Updated Jan 03, 2017. Walmart, other US retailers to investigate ...

Welspun India must pull up its socks and act quick to control damage, say experts - Firstpost

Welspun India's image is likely to take a beating unless the company takes quick damage control measures beyond their statement to the Bombay Stock Exchange that they will appoint one of the Big Four auditing firms to scrutinise their systems and ...

Welspun India Shares Crash 48% Fall In 4 Days: Should You Buy? - NDTV

Welspun India shares were under huge selling pressure for the fourth straight session on Thursday. Shares of one of the world's largest textile manufacturers have shed nearly 50 per cent of their value since Monday, leading to a market cap erosion of ...

Welspun India turns volatile; stock dips 8% - Business Standard

Welspun India turned volatile after the stock slipped over 8% in late noon trades after rising over 5% in early trades on the back of heavy volumes. The stock of Asia's largest home textile maker almost halved from Rs 103 on August 19, after US-based ...

Welspun India shares back under pressure after US retailer Bed Bath orders probe; slumps over 8% - Financial Express

Welspun India shares again came under pressure on Thursday after staging a recovery following media reports said that after Walmart, JC Penny, another big US retail giant Bed Bath & Beyond has ordered an external audit of the textile company in the ...

Welspun India Faces New Probe From Bed Bath, Shares Pressured - NDTV

Chicago/New Delhi: U.S. retailer Bed Bath & Beyond said it ordered an external audit of textiles from Welspun India, putting more pressure on the embattled Indian bedding and towel maker that has seen nearly half its market value wiped out this week.

Welspun faces new probe from Bed Bath, shares pressured - Reuters

Shoppers leave A Bed Bath & Beyond store in Boca Raton, Florida in this March 19, 2016 file photo. REUTERS/Carlo Allegri/Files. 1/2. left. right. The company's logo is seen outside of an IKEA Group store in Spreitenbach, Switzerland April 27, 2016.

Welspun India to appoint external auditor to look into supply lapses - Daily News & Analysis

Welspun India is appointing an external auditor 'one of the Big Four' to look into alleged lapses in its products supplied to clients and expecting the process to get completed in about 6-8 weeks, as US-based Target Corp terminated contract with the ...

Welspun India's 30-Year Track Record Undermined by Bed Sheets Controversy - BloombergQuint

Welspun India Ltd.'s stock price stabilised on Thursday after tanking 42 percent in just three trading sessions after its second biggest customer Target Corp. on August 19 said it has terminated all business ties with the company for passing off ...

Egyptian Cotton, Meet Blockchain - Bloomberg

In the week since Indian textile maker Welspun was called out by Target for mislabeling sheets and pillow cases as premium Egyptian cotton products, the company's shares have collapsed. While Target has severed all ties and Wal-Mart and J.C. Penney ...

Welspun India Scandal Follows Years Of Plummeting Egyptian Cotton Output - NDTV

New York: A scandal involving the alleged sale of falsely labeled Egyptian cotton products by an Indian textile manufacturer to U.S. big box retailers highlights a stiff reality facing the high-end fiber market: there isn't much Egyptian cotton any more.

Welspun India product claims: Now, Bed Bath & Beyond starts review - Livemint

Bed Bath & Beyond is the fourth retailer following Target, Wal-Mart Stores and J.C. Penney Co. reviewing its supply chain to verify Welspun's product claims. Subscribe to our newsletter. Sapna AgarwalP.R. Sanjai. Welspun India has appointed an external ...

Welspun India: Rs 4400 cr investor wealth wiped out as more cos join probe - Firstpost

Welspun India's shares were locked in the lower circuit limit for the third day in a row on Wednesday, after investors dumped the stock on fears that there is more bad news in store for the company, one of the world's largest textile manufacturers. In ...