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Gilimex
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Gilimex profits plummet as Amazon slashes orders
Garment manufacturer Gilimex’s profits plunged 92% year-on-year in the last quarter to VND10 billion ($426,000) as e-commerce giant Amazon canceled most of its orders.
Vietnamese firm sues Amazon for $280M
Vietnamese company Gilimex Inc. is suing e-commerce giant Amazon for $280 million for allegedly cutting back on orders, leaving it with an excess inventory.
Amazon’s Vietnamese partner reports surge in profit
Textile company Gilimex said its net profits almost doubled in 2020 thanks to a number of high-value contracts with international retailers.
February 11, 2021 | 07:00 pm PT