Egypt’s SCZONE and China’s Shaoxing BEIQI Textile Co. have signed a $7 million deal to establish a garment facility in West Qantara, creating 3,000 jobs and producing 10 million garments annually.
This marks the 21st project in the zone, totalling $603.5 million and over 30,600 jobs. West Qantara’s strategic location makes it a key hub for labour-intensive industries like textiles.

Victoria’s Secret faced a major security incident. The company closed its U.S. website and certain in-store services. This action was a precaution. The firm is working to restore operations quickly. Third-party experts are helping with the investigation. The incident caused a drop in company shares. Physical stores remain open. The company prioritizes secure operations during the probe.

Malabar Gold & Diamonds is considering entering the lab-grown diamond market with a distinct brand, adapting to changing consumer tastes and rising gold prices. While gold prices impact sales, the company is innovating with lighter, more affordable jewelry and expanding its CSR efforts, including a significant pledge towards hunger eradication.

Bata India’s operating profit witnessed a 36% decline, reaching Rs 37 crore in the fourth quarter ending March 31, 2025, compared to Rs 58 crore in the previous fiscal year. Revenue from operations slightly decreased to Rs 788 crore. Despite demand challenges, the company focused on volume growth and affordability, recommending a final dividend of Rs 9 per share.

For the latest edition of ETRetail signature Digital Cover – Top Shelf, the Kalyanaraman family – T.S. Kalyanaraman, Managing Director; Rajesh and Ramesh Kalyanaraman, Executive Directors at Kalyan Jewellers, shared their journey from textiles to becoming one of India’s most respected jewellery names.

Nike teams up with stylist Veneda Carter to unveil a bold take on the Air Max Muse, blending sport and style with feminine flair.
Carter’s debut colourway—white, military green, and pink—features textured finishes inspired by jewellery and outdoor gear.
Shot in Warsaw, the campaign highlights the shoe’s comfort, versatility, and fashion-forward design for all-day wear.

NEWME has introduced NEWME Zip, a 60-minute fashion delivery service in Bengaluru, following a successful pilot in Delhi-NCR. The brand leverages dark stores and retail outlets, testing in-house riders to enhance delivery. Aiming to expand to Hyderabad and Mumbai, NEWME reported 3x growth last fiscal year and plans to add 10-12 offline stores this year, joining the quick commerce trend.

Adidas has disclosed a data breach involving unauthorised access to limited consumer information via a third-party customer service provider.
The exposed data includes only contact details—no passwords or payment data were compromised.
The company has launched an investigation with cybersecurity experts and is informing affected users and authorities.

EUME, a premium travel luggage brand, has secured Rs 25 crore in Series A funding led by Ashish Kacholia. The investment will fuel retail expansion with new flagship stores in Bengaluru, Mumbai, and Hyderabad. EUME plans to double its product range and strengthen its team, marketing, and working capital.

Bangladesh’s leather exports have dropped by over 64 per cent in the last decade, primarily due to non-completion of the central effluent treatment plant at the Savar Tannery Estate—a key requirement for obtaining global environmental certifications.
Trade body LFMEAB called for immediate action, including appointing an accredited operator for CETP and offering green financing.