Rwandan PM Edouard Ngirente has informed Parliament of government plans to significantly raise the contribution of garment units to domestic consumers.
The country’s garment factories now supply clothing for just 5 per cent of the population.
Ngirente outlined the strategy to expand industrial production and exports for sustainable economic growth under the National Strategy for Transformation.

Oxford Industries has forecast fiscal 2025 net sales between $1.49 billion and $1.53 billion, with GAAP EPS of $4.21–$4.61.
Q1 sales are projected at $375–$395 million.
The company anticipates pressure from tariffs and higher interest costs.
FY24 net sales declined 3 per cent to $1.52 billion, with adjusted EPS at $6.68.
Q4 FY24 net sales stood at $391 million, with adjusted EPS of $1.37.

M&S is investing £50 million (~$64.7 million) across the North west of England to open five new stores and renew three, creating 300 jobs and adding 100,000 sq. ft of retail space.
The plans include major upgrades in Cheshire, Merseyside, Lancashire and Greater Manchester, supporting M&S’s transformation strategy and store renewal programme.

Men’s apparel brand The Bear House secured Rs 500 crore in Series A funding led by JM Financial India Growth Fund III. The funds will be used to expand offline stores, enhance branding, and support working capital. With plans to open 20 stores in 2 years, the brand recently launched its first physical store in Bengaluru.

FILA Holdings has officially changed its name to Misto Holdings to better reflect its diverse global brand portfolio, including FILA, Titleist, and FootJoy.
The new name, meaning harmony and diversity in Italian, supports its strategic vision for growth.
With new core values and a refreshed website, Misto aims to drive innovation, synergy, and global expansion across its brands.

Paul Marchant, head of fast fashion chain Primark, has resigned after admitting to an ‘error of judgment’ in a social interaction. An investigation by Associated British Foods revealed his actions fell below the company’s standards. AB Foods will support the woman who raised the concern, with interim leadership appointed.

As the US reciprocal tariff deadline looms, gold prices on Monday hit a record high of $3,106 per ounce for the first time, with people rushing towards accumulating the safe-haven asset amid global uncertainties.

India’s apparel exports to the US may face setbacks due to a proposed reciprocal tariff regime from April.
Particularly vulnerable are baby cotton garments (HSN 611120), where India holds a 19.45 per cent US market share.
A total of 13 garment categories with double-digit US shares are at risk.
The AEPC has flagged the issue and urged strategic intervention by the Indian government.

The sports and activewear segment delivered a strong performance in 2024, with half of the eight key companies reporting growth in both sales and profits.
Notable performers included Skechers, ASICS, Adidas, and Amer Sports.
Two companies showed moderate gains, and only Columbia Sportswear and Geox posted declines in net income.
Overall, the sector demonstrated resilience and continued momentum.

H&M Group’s premium fashion brand COS is set to open its first Indian store at Nexus Select CITYWALK in October 2025. This move is part of a broader strategy to expand COS’s presence in metro cities. Nexus Select CITYWALK will also debut Gucci Beauty and Guerlain stores by FY 26.