Malabar Gold & Diamonds has inaugurated its 400th showroom in Noida, Uttar Pradesh, signaling a major step in its expansion strategy. The company, with a current turnover of Rs 63,000 crore, aims to increase revenue to Rs 78,000 crore by opening 60 new stores by March 2026.

Aditya Birla Lifestyle Brands (ABLBL) plans to invest Rs 300 crore annually to double its revenue in the next five years, aiming to build billion-dollar brands. The company, demerged from Aditya Birla Fashion and Retail, targets a three-fold jump in profitability, driven by brands like Peter England and Van Heusen.

Fibre-to-fibre recycling expected to become a $30 billion global industry by 2030.
New alliance proposes mandatory recycled content to be included in all new apparel traded in the EU.
London-based consultancy recommends imposing fees of €250–330 per ton on polyester-rich fabrics.
European Commission is committed to tackling the EU’s textile waste problem with supportive legislation.

Despite high prices and subdued jewellery demand, a gold demand recovery is expected with the upcoming festive season. Investment demand remains strong, supported by sustained investor interest in physical gold and gold-linked products. India’s gold reserves have reached a record high, comprising a significant portion of foreign exchange reserves, even as imports decline.

Gianfranco D’Attis will leave Prada at the end of this month. Andrea Guerra will take over as brand CEO on an interim basis. The luxury fashion industry is witnessing leadership changes. Kering appointed Luca de Meo as its new CEO. Top luxury houses are betting on new design directions. Dior appointed Jonathan Anderson to head womenswear designs.

Aditya Birla Lifestyle Brands Limited (ABLBL) commenced trading on the BSE and NSE following its demerger from Aditya Birla Fashion and Retail Limited (ABFRL). Motilal Oswal initiated coverage with a Neutral rating, anticipating revenue growth driven by retail expansion and emerging brands.

Zen Diamond, a diamond jewellery brand, is aggressively expanding its presence in India with plans to establish 100 stores by 2030, primarily in high-quality malls. The company has already invested Rs 100 crore and is exploring various funding options, including franchises, to support its ambitious growth strategy.

Gold prices declined as investors favoured the dollar after U.S. strikes on Iranian nuclear sites. Spot gold fell 0.2% to $3,362.29 an ounce, influenced by the dollar’s rise amid safe-haven buying. President Trump hinted at regime change in Iran, while Iran vowed to defend itself. Asian shares slipped, and oil prices rose. The Federal Reserve’s report indicated elevated U.S.

New Zealand’s apparel imports dipped slightly to $417.44 million in January–April 2025, down from $422.98 million a year earlier.
Imports from China also declined to $252.42 million, with its market share easing to 60.47 per cent.
In 2024, total apparel imports stood at $1.18 billion, down from $1.19 billion in 2023 and $1.27 billion in 2022.

H&M has been commended for its Scope 3 targets, supplier financing for clean energy, and policy advocacy.
The brand is providing low-cost loans for new energy to suppliers in Asia.
Aim is to become net zero by 2040 across its supply chain.
Only three out of 42 brands cutting emissions fast enough to align with 1.5°C targets.
Most peers lag, with 40 per cent increasing emissions since baseline years.