25 October 2023, Mumbai
IN BRIEF
VF Corporation, has announced that Trevor A. Edwards joins its Board of Directors on October 22, 2023.
Edwards has over 25 years of experience in marketing, global brand management, and general management in the apparel and footwear industry.
25 October 2023, Mumbai
IN BRIEF
As per latest Live Mint report l
Kewal Kiran Clothing announced its Q2 FY24 financial results on October 23, 2023, with revenue and profit up 15.97% and 27.04%, respectively, compared to the same quarter last year.
22 October 2023, Mumbai
IN BRIEF
The bilateral free trade agreement (FTA) talks between India and the UK, which began in April 2023, are expected to conclude by the end of the year with a comprehensive deal covering more than 90 percent of goods and 40 percent of services. The FTA will benefit sectors like textiles, leather goods, and footwear, which face high tariffs in the UK market.
The FTA will also build on the existing trade relations between the two countries, which reached over $800 billion in 2023. India’s exports to the UK, which include petroleum products, medicines, diamonds, and wooden furniture, are estimated at $11.41 billion in the 2022-23 fiscal year.
The FTA will reduce the average tariff on Indian goods from 4.2 percent to zero or low levels, increasing India’s exports by nearly $5 billion.
19 October 2023, Mumbai
IN BRIEF
Shoppers Stop's profit plunged 83.2% in the second quarter due to higher costs and lower demand, the company announced on Wednesday.
The department store faced a slump in sales as customers delayed buying clothes and other items for the holiday season.
25 October 2023, Mumbai
IN BRIEF
Tirupur Exporters' Association (TEA)'s new team, led by KM Subramanian, aims to boost Tirupur's apparel exports to Rs. 30,000 crore with FIEO's guidance.
They also plan to build a hostel for workers.
20 October 2023, Mumbai
IN BRIEF
IMF and BGMEA discussed how RMG sector would cope with LDC graduation.
BGMEA shared their 2030 Sustainability Vision with IMF.
18 October 2023, Mumbai
IN BRIEF
Dates: February 1 to 4, 2024
Venue: Bangabandhu International Conference Center (BICC) in Dhaka, Bangladesh
Latest Technologies and Innovations in the Textile and Garment Industry
Apparel Manufacturing Machinery, Home Textiles, and Textile Industry Machinery.
25 October 2023, Mumbai
IN BRIEF
The business intelligence platform Tofler provided these data l Source FE report
ASICS India saw a remarkable increase in profits for FY23, with profits rising by 37.74% to Rs 55.11 crore and sales revenue growing by 35.85% to Rs 340.85 crore.
20 October 2023, Mumbai
IN BRIEF
Organic Harvest, a division of the Good Glamm Group, has launched a new makeup range made of certified organic ingredients.
The brand has also launched a digital video campaign featuring the famous actor Nimrat Kaur to promote this new line.
18 October 2023, Mumbai
IN BRIEF
Deepak Mahnot is the new CMO of Soch Apparels, a top women’s ethnic wear brand.
He will head marketing, CRM, visual merchandising, PR, and customer experience, boosting Soch’s standing in the Indian ethnic wear market.
24 October 2023, Mumbai
IN BRIEF
Aditya Birla Fashion and Retail (ABFRL) stock fell by 2% on October 23 after its subsidiary bought a 51% stake in Styleverse Lifestyle for Rs 155 crore.
The acquisition is seen as part of ABFRL's strategy to expand its digital presence.
20 October 2023, Mumbai
IN BRIEF
Despite talks of reducing dependence on China, the US, UK, and EU still rely on it.
China’s influence covers basic goods and advanced industrial equipment.
18 October 2023, Mumbai
In Brief
The Trident Group, a diversified business conglomerate, is facing extensive scrutiny by the Income Tax Department for alleged financial misconduct. The department is conducting nationwide raids as part of an investigation into the group's financial transactions and records.
