Titan Company, an Indian jeweller, will acquire a 67% stake in Damas, a Dubai-based luxury jewellery retailer. The deal is valued at 1.04 billion UAE dirham. This acquisition will expand Titan’s presence in the Middle East. Titan already has Tanishq stores in the UAE since 2020. Damas has 146 stores across the Gulf Cooperation Council countries.

ANNY, a fashion-tech startup, has secured Rs 10 crore in Pre-Series A funding. Atomic Capital led the investment round. The company will use the funds to expand its product range and strengthen its technology. ANNY also plans to build leadership capabilities. The company aims to grow its distribution and marketing efforts.

Bestseller India mourns the loss of its Chief Operating Officer, Mrithyunjay Amblimath, who passed away after serving the company for over 14 years. He played a pivotal role in shaping Bestseller’s market strategy and was appointed interim leader in late 2024. Amblimath oversaw retail operations and expansion initiatives.

Prada has refuted claims of infringing the Geographical Indication (GI) for Kolhapuri chappals by featuring similar sandals in its Spring/Summer 2026 menswear collection. The legal notice, issued by LIDKAR, alleged unauthorized use of the GI-registered name.

President Donald Trump has announced a trade deal with Indonesia, lowering US import duties on Indonesian apparel to 19 per cent.
Despite a 15.48 per cent rise in exports to the US in January–April 2025, Indonesia remains the fifth-largest apparel supplier, behind India.
Its market share rose to 6.05 per cent but has not returned to the fourth position it held before 2021.

To address credit access challenges in the textile sector, particularly for smaller units, the government is considering a credit rating system akin to CIBIL and a consolidated green fund. These initiatives aim to improve lenders’ understanding of the sector’s unique needs and streamline access to financing for sustainable production.

Total exports of Vietnam’s leather and footwear industry were worth over $14 billion in value in H1 2025—a 10-per cent growth YoY, official statistics show.
Footwear alone accounted for around $12 billion—up by 10.1 per cent YoY, while handbags, suitcases and umbrellas contributed nearly $2.2 billion—an 11.6 per cent rise YoY.
The industry targets a 10-per cent YoY export growth this year.

Boss has opened a 1,000+ sq m flagship store at 84 Paseo de Gracia, Barcelona, showcasing menswear, womenswear, kidswear, and accessories.
Inspired by local architecture and design, the store features a vertical garden, natural lighting, and lounge zones.
It also offers Made to Measure tailoring, digital style guides, and hosts events in an elegant, modern space.

NikeCraft unveils the Mars Yard 3.0, a reimagined version of Tom Sachs’ iconic shoe, featuring upgraded tooling, React foam, carbon fibre shank, redesigned lacing, and enhanced durability.
Available only through global I.S.R.U. challenges, the release reflects Sachs’ belief in art, discipline, and footwear as functional sculpture for everyday life.

The Bureau of Indian Standards (BIS) has mandated hallmarking for 9 Karat gold, effective July 2025, under BIS Amendment No. 2. This inclusion expands the hallmarking grades to eight, ensuring transparency in purity standards for consumers. The revised standard also updates definitions, excluding gold watches and pens from artefacts, and defines specific criteria for gold coins.