The India-UK FTA removes tariffs on 99 per cent of Indian textile and apparel exports, boosting competitiveness in the UK market. India’s textile and apparel exports to the UK are projected to reach ~$2.8 billion by 2026.
UK retailers are expected to ramp up sourcing from India, while both governments may support joint ventures, sustainability efforts, and capacity-building to deepen trade ties.

US trade body AAFA has requested Canadian Minister of Environment and Climate Change Terry Duguid to include an exemption for products that test below the 100 ppm total organic fluorine threshold under prohibitions for intentionally-added PFAS in textile products.
It also requested Canada to include an exemption from PFAS regulation for products made with at least 50-per cent recycled content.

Suparna Mitra, the CEO of Titan Company’s Watches & Wearables Division, has resigned. Her resignation is due to personal reasons. Her last working day will be August 12, 2025. Mitra has been with Titan for over 15 years. She held various leadership roles during her tenure.

After two days of negotiations in Geneva, U.S. and China announced tariff reductions for the next three months, with U.S. tariffs on Chinese imports dropping from 145% to 30% and Chinese duties on U.S. imports falling from 125% to 10%, leading to a surge in global shares. The U.S. and China had imposed tit-for-tat tariffs on each other last month, triggering a trade war.

Raymond Lifestyle stated that its Q4 performance was impacted by high inflation, subdued consumer demand, and a ransomware attack that disrupted operations, resulting in temporary system outages and supply chain delays. The company’s consolidated revenue from operations for Q4 stood at Rs 1,494 crore, down 11 per cent from Rs 1,685 crore in the year-ago quarter. For the full financial year FY25, revenue slipped to Rs 6,177 crore from Rs 6,535 crore in FY24.

Raymond Lifestyle stated that its Q4 performance was impacted by high inflation, subdued consumer demand, and a ransomware attack that disrupted operations, resulting in temporary system outages and supply chain delays. The company’s consolidated revenue from operations for Q4 stood at Rs 1,494 crore, down 11 per cent from Rs 1,685 crore in the year-ago quarter. For the full financial year FY25, revenue slipped to Rs 6,177 crore from Rs 6,535 crore in FY24.

Growth Investment Partners Ghana Ltd, an investment platform set up by British International Investment, recently invested in Ghana’s Maagrace Garments Industries Limited, a subsidiary of UK-headquartered apparel sourcing and manufacturing firm Ethical Apparel Africa.
A new production facility with higher production capacity will be built at MGIL’s premises in Koforidua to boost export volumes.

Raymond Lifestyle Limited faced a setback in the fourth quarter. The company reported a net loss of Rupees 45 crore. Muted demand and increased expenses impacted the earnings. Revenue also declined compared to the previous year. However, Gautam Singhania remains optimistic. He sees early signs of demand recovery. The company opened new stores and anticipates growth from the India-UK FTA.

Crocs Inc has reported revenues of $937 million in Q1 2025, up 1.4 per cent on a constant currency basis.
The Crocs brand grew 2.4 per cent, while Heydude declined 9.8 per cent.
Gross margin improved to 57.8 per cent, but operating income fell 1.5 per cent.
Due to global trade uncertainty, Crocs withdrew its 2025 outlook despite better-than-expected performance and continued share repurchases.

Wolverine Worldwide has reported revenue of $412.3 million in Q1 2025, up 4.4 per cent YoY, driven by strong growth in Merrell and Saucony.
The gross margin rose to a record 47.3 per cent, and EPS improved to $0.13.
For Q2, revenue is expected between $440–$450 million, with EPS of $0.17–$0.22.
Due to tariff-related uncertainty, full-year guidance has been withdrawn.