Titan elevates Arun Narayan and Kuruvilla Markose as part of leadership realignment

Titan Company announced leadership changes to bolster succession planning in its Jewellery and Watches divisions. Arun Narayan will become CEO of the Jewellery Division in 2026, succeeding Ajoy Chawla. Kuruvilla Markose will take over as CEO of the Watches Division in 2025, replacing Suparna Mitra. Both Narayan and Markose have extensive experience within the Tata Group and Titan.

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Israel’s apparel imports up 14.55% in Jan-Apr despite ongoing conflict

Israel’s apparel imports rose 14.55 per cent year-on-year to $960.64 million during January–April 2025, defying the impact of ongoing conflict with Hamas.
China remained the top supplier with nearly half the share, followed by Bangladesh, Turkiye, India, and Vietnam.
Trousers and shorts led import categories.
Annual imports in 2024 stood at $2.59 billion.

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Japan’s ASICS to launch Onitsuka innovative factory in January 2026

ASICS will rename its SANIN ASICS factory to Onitsuka Innovative Factory Corporation from January 1, 2026, making it a dedicated production base for Onitsuka Tiger.
The revamped facility will focus on innovation, premium product lines, Japanese craftsmanship, and talent development, while also supporting regional revitalisation and celebrating ASICS’ heritage.

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Vietnam’s garment production up 15.1% YoY in H1 2025

Vietnam’s index of industrial production went up by an estimated 10.3 per cent YoY in Q2 2025.
The processing and manufacturing sector saw a 12.3-per cent YoY rise in the quarter.
Garment production rose by 15.1 per cent YoY, manufacturing of leather and related products rose by 17.1 per cent YoY, and extraction of crude oil and natural gas decreased by 8.2 per cent YoY in 2025 first half.

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Uniqlo owner warns significant tariff impact, plans price hikes

Fast Retailing, the owner of Uniqlo, anticipates a major impact from increased US tariffs. The company plans to increase prices in America. This is to offset the tariff costs. Donald Trump’s tariff policies have already affected consumer spending. Uniqlo’s business model faces challenges due to these tariffs. The company is also experiencing lower sales in China.

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Lenskart’s Bansal set to join list of founders with pre-IPO stake boosts

Lenskart may issue shares to CEO Peyush Bansal, potentially increasing his stake by 1.5-2%. This mirrors a trend among tech firms rewarding founders before IPOs. Bansal’s stake will increase at fair market value. Companies often compensate founders with stock options to retain them. Swiggy and Zomato have also granted stock options to their founders.

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15% of Cambodian garment units have orders for next few weeks: Survey

Half of Cambodia’s garment-footwear-travel goods units are facing the impact of US tariffs, a survey found.
Over 55 per cent of these have orders confirmed till six months and 30 per cent have orders beyond that.
Nearly half face operational uncertainty beyond the next three months.
Over 20 per cent report their factory has seen production orders discontinued by at least one buyer in Q1 2025.

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Understanding the latest US tariff updates from a T-shirt price POV

The latest US tariffs set to take effect on August 1, 2025, significantly impact T-shirt pricing from key textile exporters.
China faces the highest tariff (55%), raising its price to $3.13/piece, followed by Bangladesh (35%) which sees an increase of unit price to $2.64/piece.
India could become more competitive if its trade deal lowers tariff, while Vietnam remains the most expensive.

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