NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...» Read More
Marjorie Yang, Chairwoman of textile manufacturing firm Esquel Group, explains the benefits of a slowdown in Chinese economic growth.
Entrepreneur Stephenie Anderson has opened a new American wool mill in Minnesota, something the region hasn't seen in decades.
Swiss company Schoeller has been developing clothes with special attributes, like self-cleaning, using nano technology. The company is also looking at way to dispense medicine from clothes straight to the skin.
The race to produce spider silk, a very strong and stretchy material, has been going on years, but Japanese company Spiber claims it is on the verge of mass production. CNBC takes a closer look.
Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.
A proposed free trade agreement with South Korea, which the House and Senate are scheduled to consider this week, would open the American market to a manufacturing powerhouse that has its own high-technology textile industry. The New York Times reports.
Commentators are worried how inflation and higher raw costs might affect retailers, but Cramer thinks those fears are overblown.
Cramer thinks it could be, but to be sure, he spoke with the company's CEO.