INDUSTRY PROFILEThe textile or apparel industry is primarily concerned with the production of yarn, and cloth and the subsequent design or manufacture of clothing and their distribution. The raw material may be natural, or synthetic using products of the chemical industry. Starting with the Industrial Revolution, it has gained a state of supremacy with time. High production of wool, cotton and silk all over the world has given a boost to the textile industry in past years. Though the industry originated in UK, the art of textile production passed to Europe and North America after mechanization of textile manufacturing process in those areas. Asian countries also industrialized their economies and took steps for the growth of this sector. Japan, India, Hong Kong and China have become leading producers of textile because of the availability of cheap labour which is a very important factor for this industry. COMPANY PROFILEThe U.S. Polo Assn. brand is the official brand of the United States Polo Association (USPA), the governing body of the sport of polo in the United States. The Association's trademarks and logos registered worldwide are managed by USPA Properties, a wholly owned subsidiary of the USPA.USPA Properties, Inc. partners with licensees in North and South America, Asia, Europe, Scandinavia, Russia, and the Middle East to provide consumers with branded apparel, accessories, luggage, watches, shoes, small leather goods, eyewear and home furnishings. Products are available in more than 135 countries at independent retail stores, department stores and U.S. Polo Assn. brand stores. U.S. Polo Assn. products and pays royalties to the USPA for the exclusive rights to license its trademarks.