Japan’s Wacoal Holdings reports $586.1 mn H1 revenue, down 5.2% YoY

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Wacoal Holdings has reported revenue of ¥90,167 million (~$586.1 million) in H1 2024, down by 5.2 per cent YoY.
Gross profit fell 4.9 per cent to ¥51,056 million (~$331.86 million).
Domestic revenue dipped 4.8 per cent to ¥45,006 million, while overseas revenue declined 1.4 per cent to ¥34,549 million.
The company’s business profit was ¥2,304 million, down 39.6 per cent YoY in its overseas segment.

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Singapore-China joint venture to invest $18 mn in BEPZA

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Chic Wings (BD) Lingerie Co Limited, a Singapore-China joint venture, will invest $18 million to set up a garment manufacturing plant in BEPZA Economic Zone, Chattogram.
The company plans to produce 30 million garments annually and create 3,000 jobs.
The agreement was signed on November 12, with BEPZA.
BEPZA EZ hosts 36 companies with a total investment of $868.5 million.

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German brand Puma honoured in 2024 Laureus Sport for Good Index

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The 2024 Laureus Sport for Good Index honours brands advancing the 17 SDGs through sport, highlighting impactful initiatives that address key social and ecological issues.
Head of Partnerships Astin Ewington emphasises the Index’s role in showcasing sport’s power to drive positive change, inspiring more brands to use sport as a platform for meaningful, sustainable impact.

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74% of online products in UK feature green claims: BRC & Provenance

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Seventy-four per cent of online products in the UK feature green claims, averaging 2.9 claims per product, according to BRC and Provenance research.
Nature-related claims were most prevalent, while carbon-related claims were few.
To support compliance, BRC and Provenance are launching Retailer Green Claims Forum, promoting transparency in green marketing.

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S Korea FTA may boost Philippines’ garment exports to $1 bn in 2025

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The Philippines’ apparel exports are projected to reach $1 billion next year, backed by an expected boost from the FTA with South Korea expected to be effective in Q1, the Foreign Buyers Association of the Philippines said.
It believes the FTA will attract South Korean players to set up units in its economic zones and domestic manufacturers can penetrate the zero-tariff Korean apparel market.

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India’s Page Industries’ Q2 revenue rises 11% YoY to $147.7 mn

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Page Industries Limited has reported revenue of ₹12,463 million (~$147.7 million) in Q2 FY24, a YoY increase of 11 per cent, with sales volume rising 6.7 per cent to 55.2 million pieces.
EBITDA grew 22 per cent YoY to ₹2,815 million (~$33.4 million), with a margin of 22.6 per cent.
PAT was ₹1,953 million, up 29.9 per cent.
For H1 FY24, revenue was ₹25,238 million, growing 7.3 per cent YoY.

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Global skirt market trends: Resilient growth amid challenges

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Skirts, spanning casual to formal styles and materials like cotton, denim and silk, are a significant part of women’s clothing export market.
Notably, skirts saw an 8.47 per cent growth in 2022, surpassing pre-pandemic levels.
The US and Germany are leading skirt import markets, with the US showing 18 per cent growth. Despite geopolitical and economic challenges in 2024, recovery is expected by 2025.

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