China adds PVH Group to Unreliable Entity list over cotton sourcing

China recently announced adding US clothing company PVH Group, which owns brands like Calvin Klein and Tommy Hilfiger, to the Unreliable Entity List, accusing it of cutting normal transactions with Chinese enterprises and adopting discriminatory measures against Chinese firms.
PVH has reportedly criticised the decision, saying it would work with Chinese authorities to resolve the issue.

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India’s Page Industries’ Q3 FY25 revenue up 7.1% YoY to $150 million

Page Industries has reported a revenue of ₹13,131 million (~$150 million) in Q3 FY25, up 7.1 per cent YoY, with sales volume rising 4.7 per cent to 57.8 million pieces.
EBITDA grew 33.6 per cent to ₹3,025 million (~$34.5 million), and PAT increased 34.3 per cent to ₹2,047 million.
For 9M FY25, revenue reached ₹38,368 million (~$438.3 million), with EBITDA up 19 per cent and PAT up 22.6 per cent.

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​​Men’s workwear startup Harfun plans expansion across channels, targets Rs 100 cr GMV by FY26

Harfun, a men’s workwear startup, plans to expand both online and offline, aiming for Rs 100 crore GMV by the end of the next fiscal year. With plans for a new store in Delhi NCR and international expansion to Dubai, Harfun focuses on practical, utility-driven products and continuous innovation through technology and research collaborations.

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Titan expects to pay more to source gold from bullion banks as supply shrinks

Titan may face higher interest rates for leasing gold as bullion banks redirect supply to the U.S. due to high premiums on gold futures. This shift is causing a supply crunch and fluid interest rates. Titan’s growth outlook is uncertain amid fluctuating gold prices and potential U.S.-China trade tensions, despite strong third-quarter profits.

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Turkiye’s apparel exports drop 4.47 per cent to $17.4 billion in 2024

Turkiye’s apparel exports fell by 4.47 per cent YoY in 2024 to $17.494 billion, with a 10.52 per cent drop in December.
Knitted apparel exports declined by 1.6 per cent, while non-knitted fell by 8.1 per cent.
In December, garment exports dropped by 10.52 per cent.
No textile-related chapters were among the top 20 imports appeared in December 2024.

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US’ Columbia Sportswear Company’s sales rise 3% in Q4 2024

Columbia Sportswear has reported net sales of $1.1 billion in Q4 2024, up 3 per cent YoY, with gross profit rising to $560.5 million and net income increasing 10 per cent to $102.6 million.
Full-year sales declined 3 per cent to $3.37 billion, with net income down 11 per cent.
For 2025, sales are projected at $3.40-$3.47 billion, with EPS of $3.80-$4.15.

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Jockey India licensee Page Industries beats Q3 profit view on strong athleisure demand

Page Industries, the licensor of Jockey and Speedo in India, posted a notable third-quarter profit increase to 2.05 billion rupees, driven by rising fitness trends and strong athleisure demand. Revenue grew by 7 per cent year-on-year to 13.13 billion rupees. The EBITDA margin improved to 23 per cent owing to controlled operating expenses, despite facing short-term consumer sentiment challenges.

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