Welspun scandal follows years of plummeting Egyptian cotton output

The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said, exacerbating a problem that has plagued the industry for years.Welspun India has lost 42 percent of its market value in the three days since Target Corp said it woul…

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