06 April 2022, Mumbai:

Brand Finance Ranking Report: Nike Retains Top Spot As Most Valuable Brand.

As a result of increased consumer demand for sportswear, brands in the sector achieved significant brand value growth: Nike (brand value up 9% to $33.2 billion), Adidas (brand value up 2% to $14.6 billion), Puma (brand value up 13% to $4.5 billion), and Lululemon (brand value up 28% to $4.2 billion).

ALSO READ Lucy Rouse has been named the new leader of Nike's SNKRS program

The new report finds that amongst the top 50 apparel industry brands, the aggregate brand value of luxury apparel brands has grown 21% this year (from $103 billion to $125 billion), sportswear brands have grown 10% this year (from $68 billion to $74 billion) while fast fashion brands have dropped 7% (from $44 billion to $41 billion).

RELATED NEWS Nike & Hermès File Lawsuits for Trademark Infringement: non-fungible tokens (NFTs)

Every year, leading brand valuation consultancy Brand Finance puts 5,000 of the biggest brands to the test, and publishes around 100 reports, ranking brands across all sectors and countries.

Join our community on Linkedin 

CREDITS: Trade Arabia SBG Online Write Calibre (The news article has not been edited by DFU publications staff).

02 April 2022, Mumbai:

The transfer of Raymond Apparel business to parenting company, Raymond, has been approved by the National Company Law Tribunal (NCLT).

The Raymond board had approved the demerging of the B2C business in September 2021 including apparel, of Raymond Apparel (RAL), on a going concern basis to merge with the company itself.

ALSO READ Apparel retailers Raymond, Snapdeal, Uniqlo restructure boards

In a filing on September 27, 2021, Raymond said its focus on fast-tracking recovery post-pandemic will help consolidate its B2C business by transferring of apparel business into Raymond Ltd.

The move brings all major apparel brands including Park Avenue, Colorplus, and Parx into Raymond Ltd.

RELATED NEWS Apparel retailers Raymond, Snapdeal, Uniqlo restructure boards

Incepted in 1925, Raymond is a diversified group with majority business interests in textile and apparel sectors as well as a presence across diverse segments such as FMCG, Realty, Engineering, and Prophylactics in national and international markets.

Having enjoyed the patronage of over a billion consumers, Raymond is reckoned for delivering world-class quality products to its consumers for the past nine decades. 

Join our community on Linkedin 

05 April 2022, Mumbai:

Ind-Aus ECTA to ensure full capacity utilization of Indian apparel factories, says AEPC Chairman.

Indian apparel factories' capacity will be utilized in full with the Economic Cooperation and Trade Agreement (ECTA) signed between India and Australia, stated the Apparel Export Promotion Council (AEPC) Chairman Narendra Goenka on Sunday.

ALSO READ Prime Minister Narendra Modi's 4 points strategic pathway aiming at $400Bn exports in FY22

Goenka welcomed the ECTA that was signed between India and Australia on Saturday and stated that it offers duty-free access to 96 percent of Indian goods including the labour-intensive apparel sector.

Goenka said, "Australia is the largest apparel importer in the southern hemisphere. Indian apparels currently face an average tariff of 4.8 percent in Australia as against zero-duty apparel from China and Bangladesh.

RELATED NEWS India may become the world’s garment factory in 3 years: Chairman, AEPC

Duty-free access to Indian apparel will bring us at par with global competitors and make our products competitive."

Australia is majorly dependent on China for its apparel imports.

However, India has been able to retain its share of around 3 percent of total apparel imports in Australia despite a shrinkage in import orders from across the globe including Australia during the Covid-19 pandemic.

It was 3.22 percent with an import of 203 million US dollars of Indian apparel in 2020.

Join our community on Linkedin 

CREDITS: ANI News The Print Just-Style (The news article has not been edited by DFU publications staff).

02 April 2022, Mumbai:

Apparel production is reviving, and nations like India, Bangladesh, and Pakistan have been busy filling orders from buyers for months. The same can be seen in data supplied by China's General Administration of Customs on sewing machine exports (GACC).

In January and February of this year, China exported sewing machinery worth $535 million, up 15.15 percent over the same period the previous year.

READ MORE CISMA 2021's main activity has been postponed

The percentage of industrial sewing machines in total values is US $ 289 million, up 37.30 percent year on year.

In the first two months of 2022, the top three export destinations for Chinese sewing machinery were India, Vietnam, and the United States.

Furthermore, India has once again surpassed Vietnam as China's top export market.

RELATED NEWS CISMA2021 Offering Online Exhibition and Live-streaming Services

Sewing machines from China were shipped to India for $ 53.67 million, up 20.87 percent from the previous year and accounting for 15.55 percent of the sector's global export.

In the first two months of 2022, Vietnam imported the US $ 45.96 million worth of sewing machines from China, up 51.91 percent year on year, while shipments to the United States totaled the US $ 25.27 million, up 13.11 percent year on year. 

Join our community on Linkedin 

CREDITS: Apparel Resources.

02 April 2022, Mumbai:

Entering the luxury menswear segment, designer duo Saaksha & Kinni has launched its new menswear collection.

Titled Quad, the collection features shirts, trousers, and jackets.

ALSO READ Jayanti Reddy mulls launching menswear

The brand has also launched a womenswear range in Quad that features dresses, sari dresses, and skirts. Saaksha Bhat, Founder, of Saaksha & Kinni says the collection Quad is filled with Saaksha and Kinni’s flirtation with masculinity and femininity, incorporating both into one collection.

RELATED NEWS Menswear becomes more vibrant in India with rise of homegrown labels

In this collection, the frills and denim fabrics lend a masculine power to the garments that are offset by feminine chiffons and cotton silk. A designer label by sisters-in-law designer duo Saaksha Bhat and Kinnari Kamat, Saaksha & Kinni sell through its e-commerce store. 

Join our community on Linkedin 

CREDITS: Fashion Network.

05 April 2022, Mumbai:

Listed apparel firm, Go Fashion (India) aims to expand its retail presence by opening around 130 new stores year on year besides growing omnichannel retail for smaller towns and cities.

A seller of women's bottom-wear clothing under Go Colors, Go Fashions aims to offer a seamless customer experience by building on a technology-driven growth strategy to reach consumers in Tier-I to Tier-III cities and realizing its expansion plans for current and emerging markets

ALSO READ Go Fashion to invest in omnichannel steadily

The company aims to launch more designs while providing more brand destinations for consumers, says Gautam Saraogi, CEO. Founded in 2010, Go Fashion has an 8 percent share in the branded women's bottom wear market.

The women's bottom wear business is expected to grow 35 percent from Rs 13,500 crore in FY20 to Rs 24,300 crore by FY25.

Tapping into this significant growth potential, the D2C brand Go Colors aims to extend its market share.

RELATED NEWS Go Fashion, Ecstatic Achievement: 500th store in Pune

The brand adopts a sharp pricing strategy and offers products across various colors and styles.

According to a recent ICICI Securities report, the organized sector in the women’s bottom wear market is expected to grow at 24.3 percent CAGR to reach Rs 92.4 billion by 2025.

The fragmented nature of the industry and lack of organized players and limited branded competition will enable Go Colors to benefit from the growth in the bottom-wear segment, the report adds.

Join our community on Linkedin 

CREDITS: ICICI Securities report.

02 April 2022, Mumbai:

Businesses and B2B events are being impacted by China's COVID-19 crisis.

The 2021 edition of the China International Sewing Equipment Exhibition (CISMA) has been postponed once again due to the abrupt reappearance of COVID-19 cases in numerous provinces, posing a major threat to national pandemic control efforts.

ALSO READ CISMA 2021's main activity has been postponed

According to a statement from the China Sewing Machinery Association (CSMA), the event's organizers, have taken into account all relevant opinions and suggestions and have made the difficult decision that CISMA 2021, which was scheduled to take place from April 27 to April 30, 2022, at the Ningbo International Conference and Exhibition Center, will have to be rescheduled, with a new date and venue to be determined.

This postponement is made "in order to comply with necessary national pandemic prevention instructions, as well as to ensure the health, rights, and interests of all exhibitors, visitors, and stakeholders."

RELATED NEWS CISMA2021 Offering Online Exhibition and Live-streaming Services

"Hopefully, the decision will offset the negative influences exerted by the pandemic on the show, and reduce its damages to the show's image to the smallest extent possible," the CSMA continued, adding, "We are terribly sorry for any inconvenience incurred by this, and hope that exhibitors and visitors can take advantage of the extra window of opportunities to refine their attendance plan, and strive to hold a CISMA with unblemished splendor."

Join our community on Linkedin 

CREDITS: CISMA & Apparel Resources.

01 April 2022, Mumbai:

Raymond is negotiating with Denmark-based retail group Bestseller to sell its apparel brands ColorPlus and Park Avenue.

The brand is seeking a valuation of Rs 500 crore for ColorPlus which currently owns 90 standalone stores, apart from selling through other multi-brand outlets.

ALSO READ Apparel retailers Raymond, Snapdeal, Uniqlo restructure boards

For Park Avenue, Raymond is seeking over Rs 500 crore of valuation. Last year, Raymond laid-off more than 1,000 employees as the pandemic hit operations.

It has business interests from manufacturing, fast-moving consumer goods (FMCG), real estate and retail is a major part of the nearly century-old group founded in 1925.

Raymond's ready-to-wear business, ColorPlus, Park Avenue and casual clothing label Parx, are among the four power brands of the Mumbai-based Bestseller Group.

RELATED NEWS  ‘Raymond Branded Textiles’ expects business recovery to take mid-term time frame

Bestseller sells fashion and lifestyle products through more than 2,800 chain stores in 46 countries and 12,000 external multi-brand stores.

In India, the company sells five brands including Jack & Jones, Vero Moda, Only, Selected Homme and Produkt through 375 exclusive brand outlets and more than 1,200 shop-in-shops.

Join our community on Linkedin 

02 April 2022, Mumbai:

Vuori, a popular activewear brand in the United States, has expanded into the United Kingdom, Ireland, France, Germany, the Netherlands, Canada, and Australia, marking the brand's first international growth.

According to reports, the fashion house will open specialized online boutiques in each of the aforementioned areas, much to the joy of brand fans around the world.

"We are happy to introduce Vuori's innovative take on performance gear to these regions," Joe Kudla, Founder, and CEO of Vuori said of the company's first global growth.

ALSO READ Domestic activewear brands gain traction as pandemic fuels desire for fitness

The company has also signed physical and online distribution agreements with fashion stores in the United Kingdom, Ireland, and the Netherlands.

Vuori items will be available in the UK at Selfridges and Cotswold Outdoor (20 stores and online).

It will also be available in the retail shops at all 11 Barry's Bootcamp locations across the country.

RELATED NEWS ACTIVEWEAR, ONE OF THE HOTTEST SELLING CATEGORIES FOR DTC BRANDS IN 2021

Vuori will be available through Brown Thomas in Ireland (two locations and online), as well as Bever in the Netherlands (20 locations and online).

Vuori's decision to expand abroad comes after the company raised $400 million in late 2021.

Vuori, which is known for its premium performance clothes, presently has ten stores and an e-commerce site, and now solely operates in the United States.

Join our community on Linkedin 

CREDITS: SGI Europe & Apparel Resources.

31 March 2022, Mumbai:

Delta Apparel, Inc., a leading provider of activewear and lifestyle apparel products based in the United States, has announced the expansion of its digital print business through the installation and use of newly developed digital print technology designed to meet the market demands of its DTG2Go business unit's unique "digital first" offering.

In conjunction with Fanatics, a worldwide digital sports platform, DTG2Go has implemented this new technology in four of its current digital print facilities.

This digital production process, according to Delta, will allow custom orders to be produced, packaged, and shipped to the end consumer within 24 hours of receipt.

ALSO READ RedSeer report: Digital-first brands by 2030-$250 bn opportunity

"It has truly been a pleasure working alongside the Fanatics team to combine our prior experiences in systems, technology, and apparel to build an integrated process that meets the high quality and repeatability standards that Fanatics' passionate customer base demands," said Robert W. Humphreys, Chairman and CEO of Delta Apparel.

Humphreys went on to say that this new technology expanded Delta's capacity dramatically, helping the company to satisfy the strong demand for clothing from L.A. Rams fans following their recent Super Bowl triumph.

"As we prepare for future expansion with Fanatics, additional equipment will be deployed this quarter, considerably extending our entire digital print capacity."

"We are looking forward to a long-term partnership with Fanatics as they continue to service their markets with excellence," Humphreys stated after months of effort to establish this integrated approach.

RELATED NEWS Puma launches digitally-enabled store in Bengaluru

"The Polaris is the new north star of large volume direct-to-garment printing," said Danny Sweem, CEO of M & R Printing Equipment, Inc.

"We were extremely happy to demonstrate its remarkable throughput that offers a retail grade product worthy of Fanatics' standards."

RELATED NEWS  Experiential Store opened in South India

Delta and their DTG2Go team have been fantastic partners throughout the Polaris' development, and we look forward to furthering success together."

The business expects its DTG2Go on-demand digital print services to continue to grow.

As a result, DTG2Go is adding printers and dryers to its digital equipment fleet and continues to invest in front-end technologies.

Join our community on Linkedin 

CREDITS: Business Wire & Apparel Resources.