LVMH, whose high-end brands include Louis Vuitton and Dior, jewellery brand Tiffany & Co. and beauty chain Sephora, missed expectations for first-quarter sales as U.S. shoppers curbed purchases of beauty products and cognac while sales in China remained weak.

Gold prices hit a record high on Wednesday. This surge happened because of a weaker dollar and trade war worries. Concerns about global economic growth also played a role. Investors are now waiting for U.S. retail sales data. This data will provide insights into the economy. ANZ has raised its gold price forecast for the year end.

Bangladesh’s RMG exports rose by 10.84 per cent to $30.25 billion during July 2024–March 2025, driven by growth in both knitwear and woven garments.
Home textile exports grew 4.94 per cent, while cotton product exports rose 8.70 per cent.
March alone saw RMG exports climb 12.40 per cent year-on-year.
However, cotton exports fell in March.
Revised figures show RMG exports declined in fiscal 2023–24.

Azadea Group, the operator of Zara and Virgin Megastore chains in the Middle East, has postponed its IPO plans to concentrate on business operations, unrelated to market volatility caused by US tariffs. The retailer is considering expanding into new Middle Eastern markets and strengthening its presence in existing ones before proceeding with the public offering.

India’s gem and jewellery exports faced an 11.72% decline in 2024-25, totaling USD 28.5 billion, impacted by global headwinds and competition. While overall imports also decreased, prices are stabilizing, and a surge in exports occurred before new US tariffs. Studded gold and platinum jewellery exports showed positive growth, contrasting with declines in other sectors like silver and lab-grown diamonds.

The Enforcement Directorate is pursuing the confiscation of Mehul Choksi’s foreign assets across 10 countries following his arrest in Belgium on India’s request. Letters rogatory have been dispatched to nations including Hong Kong, the US, and the UAE, seeking details on Choksi’s companies and assets.

Shein’s partnership with Reliance Retail to establish India as a global manufacturing hub faces challenges as China discourages companies from shifting production overseas due to US tariffs. The original agreement, including integrating Indian MSMEs into Shein’s supply chain, is being renegotiated and may be scaled down.

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump’s tariffs shook the global economy, the company said on Monday. The group behind Loewe and Dior likewise saw its worldwide fashion and leather goods revenue fall by four percent in the first quarter to 10.1 billion euros.

Indian cricketer Jasprit Bumrah has made his first startup investment in luggage brand Uppercase. The partnership includes co-developing a product line for sportspersons. This reflects a wider trend of cricketers turning investors. Uppercase, backed by Accel, aims to break even soon and may explore a public listing in the future.

G-III Apparel and Aldo Product Services have signed a seven-year licensing deal for G H Bass, granting Aldo rights to design, produce, and distribute its footwear, bags, and leather goods in North America.
Launching Spring/Summer 2026, the partnership includes managing the official platform and aims to blend G H Bass’ heritage with Aldo’s design and sourcing strengths to engage new consumers.