Prada is eyeing a potential acquisition of Versace from Capri Holdings, with Citi as its adviser. Capri has enlisted Barclays to find potential buyers for Versace. Other fashion groups and private equity funds are also interested. This comes as Capri aims to refocus its efforts on Michael Kors after disappointing revenue figures.

Prada is eyeing a potential acquisition of Versace from Capri Holdings, with Citi as its adviser. Capri has enlisted Barclays to find potential buyers for Versace. Other fashion groups and private equity funds are also interested. This comes as Capri aims to refocus its efforts on Michael Kors after disappointing revenue figures.

Birkenstock, known for its orthopaedic-style footwear, saw its sales growth in India slow to ₹173 crore in 2023-24 from doubling every year previously. The company, which gained popularity during the pandemic, experienced a 46% growth amid a market shift towards casual and comfortable footwear. Birkenstock’s recent IPO raised $1.48 billion, highlighting its expanding global presence.

“Sales records were broken across the business, with Food recording its biggest day and Clothing, Home & Beauty online its biggest week, but we’re not complacent – as a growth business it’s our job to break records,” Chief Executive Stuart Machin said.

Cambodia’s apparel exports to ASEAN rose 4.23 per cent in January-October 2024, reaching $190.76 million compared to $183.01 million in the same period of 2023.
The average export price increased to $11.41 per unit, marking the third consecutive yearly rise.
Cambodia exported 15.316 million units in 2024’s first 10 months, down from 19.787 million units in 2023, as per TexPro data.

Senco Gold reports a 22% growth in revenue for Q3 FY25, with record sales in October 2024. Despite rising gold prices, demand remains strong due to reduced customs duty. The company is expanding its showroom portfolio and raised Rs 459 crore through QIP. Senco Gold has plans to open 18-20 new showrooms in Q4 FY25.

Oban Fashions Pvt Ltd, a subsidiary of Rupa & Co Ltd, has been admitted under the Corporate Insolvency Resolution Process by the Mumbai bankruptcy court, following an application by its operational creditor, Sunrise Knitting Mills Pvt Ltd. The National Company Law Tribunal appointed Sanjay Ramdas Mahajan as the Interim Resolution Professional, with outstanding dues amounting to Rs 1.57 crore.

Epic Group and Creative Group have partnered to revolutionise India’s apparel sector, signing a non-binding MOU for a joint venture.
The Rs 500 crore (USD 60 million) investment will create 10,000 jobs, focusing on innovation, sustainability, and community development.
The collaboration aims to set industry benchmarks, enhance operational efficiency, and drive significant economic growth.

Fast Retailing, Uniqlo’s parent company, reported a 7.4% rise in operating profit for the first quarter, reaching 157.6 billion yen. Strong sales in Japan, driven by a tourism boom and cold weather, were offset by flat sales in China due to warm temperatures. The company plans to increase wages by up to 11% to retain employees.

ACON Investments acquired a controlling stake in True Religion, a premium lifestyle and apparel brand.
Partnering with SB360 Capital, ACON aims to enhance True Religion’s digital, retail, and international growth.
The brand will remain headquartered in Gardena, California, continuing its legacy of quality craftsmanship and innovation in denim and lifestyle products.