Aditya Birla Fashion stitches a ₹500-crore turnaround plan

Aditya Birla Fashion and Retail (ABFRL) plans a ₹500 crore capital expenditure in 2025-26, aiming to turnaround loss-making ventures like TCNS Clothing and TMRW. With recent fundraising, ABFRL intends to triple in scale and double profitability in five years, despite current subdued retail sales growth. Excluding TMRW, the group anticipates being EBITDA positive next year.

Aditya Birla Fashion stitches a ₹500-crore turnaround plan Read More »

India’s leather industry sees modest recovery, hits $4.36 bn in FY25

India’s leather and leather goods exports rose marginally by 1.86 per cent to $4.36 billion in FY 2024–25, recovering slightly from a 9.89 per cent decline the previous year.
March 2025 exports grew 7.75 per cent month on month.
The US, Germany and the UK were the top markets, accounting for over 42 per cent of total shipments.
Other key destinations included Italy, Spain, France and China.

India’s leather industry sees modest recovery, hits $4.36 bn in FY25 Read More »

TPG, A91 in Citykart’s Rs 538-crore round at Rs 1,400-crore valuation

Citykart secured Rs 538 crore in funding from TPG NewQuest and A91 Partners valuing the company at approximately Rs 1,400 crore. Citykart will use Rs 120 crore from the proceeds to expand beyond Uttar Pradesh and Bihar. Investcorp fully exited, while India SME Investments reduced its stake. The company plans to open 40–50 new stores annually.

TPG, A91 in Citykart’s Rs 538-crore round at Rs 1,400-crore valuation Read More »

Titan set to add Rs 2,500 crore Damas facet to portfolio

Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate Titan’s successful CaratLane acquisition model.

Titan set to add Rs 2,500 crore Damas facet to portfolio Read More »

Menswear dominates Japan’s Q1 apparel imports from Bangladesh

Japan’s apparel imports from Bangladesh surged 17.22 per cent year-on-year to $388.008 million in Q1 2025.
Men’s wear led with a 41.06 per cent share. Bangladesh’s market share rose to 6.47 per cent, maintaining its fourth rank.
Cotton garments made up over two-thirds of imports.
Trousers and T-shirts were top items.
Japan’s total apparel imports reached $5.996 billion in the same period.

Menswear dominates Japan’s Q1 apparel imports from Bangladesh Read More »

Dominican Republic’s US garment exports steady amid overall dip

Garment exports from the Dominican Republic to the US remained stable at $134.696 million in Q1 2025, despite a 9.83 per cent decline in total garment exports.
The US market share rose to 81.35 per cent.
Home textile exports also saw the US as the top destination.
On the import side, China and the US were the largest apparel and home textile suppliers, respectively.

Dominican Republic’s US garment exports steady amid overall dip Read More »

Gold jewellery sales in India remain subdued amid high prices and economic uncertainty

High gold prices and economic uncertainties subdued gold jewellery sales in India during April and early May, except for Akshaya Tritiya. Consumers deferred purchases, opting for lighter jewellery. While large retailers saw increased sales due to promotions, smaller jewellers experienced declines. Bullion and low-weight coins performed well, especially online, indicating a shift towards organized players and investment-oriented gold.

Gold jewellery sales in India remain subdued amid high prices and economic uncertainty Read More »

Israels’ Delta Galil delivers 5th straight quarter growth in Q1 FY25

Delta Galil reported record Q1 FY25 results with sales up 11 per cent to $498.7 million, marking its fifth consecutive quarter of growth.
Net income rose 46 per cent to $17.6 million, while online brand sales grew 21 per cent.
Despite margin pressure, EBIT climbed 26 per cent.
The company withdrew prior guidance due to new US tariffs but expects limited impact and is implementing cost-saving measures.

Israels’ Delta Galil delivers 5th straight quarter growth in Q1 FY25 Read More »

China tops US leather goods imports with 23% market share in Jan-Feb

Despite recent trade tensions, China expanded its share in the US leather apparel and accessories market to 23.08 per cent in the first 2 months of 2025, with exports worth $534.204 million.
Cambodia followed with a 15.56 per cent share.
Compared to 2020, China’s share has grown significantly, reinforcing its position as the top supplier amid rising US imports from other key countries.

China tops US leather goods imports with 23% market share in Jan-Feb Read More »

Shopping Cart