Eight Roads Ventures also participated in the funding round. The funds will be used to pay for working capital requirements, capex needs and general corporate purposes. It last raised $15 million in 2022 in a round led by Eight Roads Ventures and Elevation Capital.

US has accused China of unfair trade practices that are harming its domestic textiles and apparel sector, citing plant closures and market flooding by low-cost Chinese goods.
Garment import prices from China have dropped by up to 20 per cent over the past 6 years, with January 2025 prices significantly lower than in 2019.
The trend supports concerns that cheaper imports are undercutting US industry.

Turkiye’s general consumer price index (CPI) increased by 3 per cent month on month (MoM) and by 37.86 per cent YoY in April, according to the Turkish Statistical Institute.
The clothing and footwear CPI increased by 16.92 per cent YoY and by 5.5 per cent MoM in the month.
The transportation CPI increased by 22.76 per cent YoY and by 3.8 per cent MoM in the month.

Nike, Inc has restructured its senior leadership, splitting Consumer, Product, and Brand into three areas—Consumer and Sport, Marketing, and Product Creation—reporting directly to CEO Elliott Hill.
Heidi O’Neill will retire after 26 years, remaining an advisor until September 2025.
Hill praised her lasting impact on the brand and sport globally.

Egypt’s RMG exports rose by 24 per cent YoY in Q1 2025 to $812 million, the Apparel Export Council of Egypt said.
The US was the top destination for Egyptian garments in Q1, with exports to there rising by 12 per cent YoY to $299 million.
Europe followed, with exports worth $206 million—up by 43 per cent YoY.
Exports to Arab countries surged by 49 per cent YoY to reach $148 million in the quarter.

Trent’s March quarter net profit declined due to Zudio’s expansion and lower same-store sales growth. Margins contracted from higher discounts and Zudio’s revenue share, despite robust store additions. Analysts maintain a ‘BUY’ rating, projecting strong revenue and profit growth, supported by new categories and cost control, despite moderated SSSG.

Brooks Running has reported Q1 2025 revenue, up 15 per cent YoY, with growth across all regions.
North America up by 13 per cent YoY, including 38 per cent increase in Canada.
Key launches including Glycerin 22 and Hyperion Elite 4 PB boosted full-price footwear sales by 27 per cent.
US specialty retail channel saw a 20 per cent YoY increase.
Brooks also launched the Hyperion Elite 4 PB in Q1.

Tariffs on diamonds would function as a consumption tax, raising prices on engagement rings, anniversary gifts, and other jewellery purchased by American families.

Hugo Boss reported first-quarter revenue of 999 million euros, exceeding analysts’ expectations despite subdued global consumer sentiment and macroeconomic uncertainty. The premium fashion retailer confirmed its full-year forecast, anticipating 2025 group sales to range between 4.2 billion and 4.4 billion euros. Luxury groups are facing challenges due to tighter consumer spending and slowing demand, particularly in the U.S. and China.

Zalando, a European online fashion retailer, saw its first-quarter revenue surpass expectations. The revenue for the three months ending March 31 reached 2.420 billion euros. This beat analysts’ forecasts. The company’s active customer base grew to 52.4 million. This is up from 49.5 million last year. Despite global economic uncertainties, Zalando reaffirmed its 2025 financial outlook.