The new venture, named Coluxe, has secured early-stage funding from investors and plans to launch digitally in mid-2025, with retail expansion to follow, according to a statement released on Tuesday. Adopting an omnichannel strategy, Coluxe will feature contemporary jewellery collections, such as solitaire rings, pendants, earrings, tennis bracelets, and necklaces, as well as themed collections focused on zodiac signs and gifting.

Canada and the US have agreed to delay tariffs on imported goods, with Canada reinforcing its border through a $1.3 billion plan, appointing a Fentanyl Czar, and launching a joint strike force.
The NCTO and US Chamber of Commerce welcomed the pause on 25 per cent tariffs, urging a permanent resolution.
The 30-day delay aims to address border security, organised crime, and trade stability.

The US has imposed a 25 per cent tariff on Canadian apparel, impacting exports of wool suits, jackets, and outerwear.
Canada holds a niche in premium wool garments but faces growing competition from Vietnam, Bangladesh, and China.
Italy, India, and China stand to gain from Canada’s reduced US market share.
The shift in trade policies may reshape sourcing strategies and global apparel trade.

Inditex has opened its first for&from store in Mexico, its 16th globally, promoting workplace inclusion for people with disabilities.
Managed by non-profits, these stores sell prior-season products at discounts, funding charitable projects.
The new Mexico City store, run by CONFE, employs nine people with disabilities.
The initiative has created 850+ jobs and raised over €8.5 million (~$8.71 million).

ASICS introduces the ‘Limited Series,’ blending Japanese Kabuki-inspired artistry with advanced athletic apparel technology.
Featuring bold designs and a symbolic colour palette, the collection includes singlets, jackets, and shorts with ACTIBREEZE technology for comfort and performance.
Designed by Ali Keys, it fuses tradition with innovation, celebrating ASICS’ heritage while embracing the future.

Reliance Retail has launched Shein’s Chinese fast fashion label in India through an independent app, following a test run on Ajio. Despite Shein’s origin and previous ban, government clearances have been obtained with agreements ensuring local manufacturing. The Indian fast fashion market is set to grow significantly, reaching $50 billion by FY31.

The Union Budget introduced a separate HS code for platinum alloys to address illegal gold imports under the CEPA with UAE. This measure aims to prevent the import of gold disguised as platinum alloy, ensuring fair play in the industry and eliminating loopholes exploiting lower import duties.

Canada has announced a 25 per cent tariff on US apparel imports, effective February 4, 2025, as part of a $155 billion retaliatory package against US trade measures.
The move targets $30 billion in goods, including clothing, footwear, and beverages, with $125 billion more under review.
Ministers LeBlanc and Joly vowed to protect Canada’s economy while warning of US supply chain disruptions.

Cambodia has strengthened its position in the Spanish garment market, becoming the fifth-largest supplier with a 7.42 per cent share in January–October 2024.
Imports from Cambodia rose 38.73 per cent to $1.298 billion.
Spain’s total apparel imports fluctuated from $19.4 billion in 2019 to $16.256 billion in 2020, then rebounded to $22.006 billion in 2022.

H&M CEO Daniel Erver emphasizes the need to enhance quality and trendiness of their clothing to stay competitive in the fast-fashion market. The retailer is investing in marketing strategies, including partnerships with pop stars and social media influencers, to attract younger, fashion-conscious consumers and improve market share against competitors like Zara and Shein.