Aditya Birla Fashion and Retail Ltd announced Ashish Dikshit’s appointment as Managing Director of the demerged Aditya Birla Lifestyle Brands Ltd, effective May 1, 2025, in addition to his current role. Vishak Kumar has been appointed as Deputy Managing Director and CEO. Both appointments are subject to regulatory approvals, marking a significant leadership transition for the company.

The Souled Store has acquired Redwolf, a leading pop culture merchandise brand.
Redwolf’s founders will join The Souled Store team, bringing their creative vision to enhance product offerings.
This move aims to expand fandom-inspired collections and solidify The Souled Store’s mission to become India’s home of pop culture, offering fans more unique designs, collaborations, and lifestyle products.

Turkiye’s apparel exports fell 7.75 per cent year-on-year to $4.101 billion in January–March 2025, with March alone seeing a 10.78 per cent drop.
Knitted and non-knitted apparel exports declined across both quarterly and monthly comparisons.
In 2024, total exports dipped 4.47 per cent to $17.494 billion.
No textiles-related imports appeared among the top 20 product chapters in February 2025.

Gildan has reaffirmed its 2025 outlook with mid-single-digit revenue growth, a 50 bps rise in operating margin, EPS of $3.38–$3.58, and free cash flow above $450 million.
Its Q1 2025 sales rose 2.3 per cent to $712 million, led by 9 per cent activewear growth.
Gross margin improved to 31.2 per cent.
It earned recognition in S&P’s Sustainability Yearbook and CDP’s Leadership band for ESG performance.

Rocky Brands plans to raise footwear prices in Q2 to offset new US tariffs and is accelerating its shift from Chinese sourcing to facilities in Dominican Republic and Puerto Rico.
Q1 net sales rose 1.1 per cent YoY to $114.1 million, with retail sales up 20.4 per cent.
Net income more than doubled to $4.9 million.
Gross margin rose to 41.2 per cent, driven by stronger wholesale and retail performance.

Turkish garment industry is emerging as a leading sourcing hub amid shifting trade dynamics, driven by EU trade access and strong sustainability credentials.
With geopolitical pressures reshaping global apparel supply chains, brands are turning to Turkiye for high-quality, eco-conscious production.
Rising nearshoring demand and trade realignments further reinforce its strategic sourcing appeal.

High gold prices significantly impacted Akshaya Tritiya sales, with volume declining by an estimated 30% nationwide. While overall gold sales volume decreased, value increased by 15-20% due to soaring prices, reaching ₹98,469 per 10 grams with GST. South India showed stronger demand, particularly for plain gold and diamond jewellery, contrasting with muted demand in other regions.

India’s gold demand witnessed a 15% drop in the March quarter due to surging prices, with jewellery sales particularly affected. Despite this, investment demand remained strong, fueled by interest in gold ETFs and digital gold. Retailers remain optimistic, anticipating overall demand to stay between 700-800 tonnes for the year, supported by increased gold imports.

Ivana Jewels, a lab-grown diamond startup, is expecting a significant revenue growth in this fiscal, touching Rs 60 crore in revenue. The company plans to expand its physical presence with new stores across key cities. A hybrid franchise model will support this expansion. Ivana recently raised Rs 2 crore in seed funding.

Prada’s net revenues rose to 1.34 billion euros, the group said on Wednesday, while a Visible Alpha consensus expected them to increase to 1.33 billion euros.