Turkish clothing brand LC Waikiki has placed an order with an Iranian company Ronak Jean to produce €20 million worth garments labeled ‘Made in Iran’, most of which will be exported to the Turkish company’s regional branches.
The joint project is estimated to create about 5,000 jobs in Iran. Turkish company LC Waikiki, otherwise known as LCW, has become the first major foreign apparel manufacturer to officially start cooperation with Iranian garment players.
The Turkish company has been in negotiation with Iran’s Ministry of Cooperatives, Labor and Social Welfare and the Ministry of Industries, Mining and Trade for the past eight months and the Turkish side has so far surveyed over 70 apparel factories and manufacturing units in Iran.
The first phase of the collaboration will see LCW place orders with selected Iranian apparel makers worth around €20 million in the next year and a half.
All the exports will be done under the parent company’s supervision and management. The apparel, labelled ‘Made in Iran’ under LC Waikiki brand, will be exported to LCW branches in other countries.
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