Gold price slipped below Rs 89,000 per 10 grams in the national capital on Friday due to subdued domestic demand, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity dipped by Rs 200 to Rs 88,900 per 10 grams registering its second day of decline.

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Wacoal Holdings Corp. has announced that Harunobu Shiho will be appointed as a new audit & supervisory board member (outside auditor) at the June 2025 shareholder meeting, replacing Mitsuhiro Hamamoto, who will retire.
Shiho, a legal expert with experience in corporate governance and risk management, is expected to strengthen the company’s auditing system.

Nilesh Ved, owner of Apparel Group, emphasizes the importance of prime real estate and robust backend operations for scaling retail. He highlights challenges in securing prime locations in India and discusses the group’s aggressive expansion plans, omnichannel strategies, and data-driven approaches to build customer loyalty.

Kulin Lalbhai, vice chairman of Arvind, emphasized the need for self-disruption at The Economic Times Great India Retail Summit 2025. He highlighted that AI, rapid inventory turns, and sustainability are crucial for fashion brands to survive in India’s evolving, highly competitive market.

Cambodia’s apparel exports to Spain surged by 31.1 per cent in 2024, reaching $1.18 billion, marking a 141 per cent rise since 2021.
Spain ranked third among Cambodia’s export destinations, accounting for 9.22 per cent of its total apparel exports worth $12.81 billion.
Man-made fibre apparel led exports, accounting for 49.13 per cent of the total in Jan-Nov 2024.

The Saudi Fashion Commission launched the Future of Sustainability Initiative to promote fashion recycling in retail spaces by placing recycling bins in malls, fostering sustainable practices and consumer awareness.
This follows the Sustainable Ihram Initiative, which recycles Ihram garments.
Both initiatives support a circular textile economy, reinforcing sustainable fashion in the Kingdom.

Abercrombie & Fitch forecasts weak annual sales growth and warns of softer demand for its namesake brand. The company expects margins to be affected by higher freight costs, promotions, and a $5 million impact from U.S. tariffs. For the holiday quarter, sales were driven by a rise in its Hollister brand.

Comparing the prices of LGDs with natural diamonds, Jain explained, “A natural diamond priced at Rs 100, an equivalent LGD costs just Rs 20-25, making high-quality solitaires accessible to a much larger consumer base.”

Danish footwear company ECCO is expanding its presence in India, targeting the top 2.5 per cent of the population with premium sneakers and golf shoes.