Cambodia’s graduation from the least developed country status could slow its GDP growth by up to 1.5 per cent, with a potential loss of 165,000 jobs, Alissar Chaker, resident representative of UNDP in the country said.
Women working in the garments sector will be the worst hit.
The loss of trade flexibilities and preferential tariffs will particularly affect key exports like garments, she said.

Prada’s CEO Andrea Guerra and marketing officer Lorenzo Bertelli are in New York amid talks to acquire Versace from Capri Holdings. Donatella Versace steps down as chief designer, with Miu Miu’s Dario Vitale set to replace her. Prada is assessing Versace’s financial data, with a reported potential purchase price of 1.5 billion euros.

J.P. Morgan analysts called Demna’s appointment a “controversial choice,” citing early feedback on social media and fashion blogs and a “question mark” now hanging over the brand’s creative future.

Samsonite attributes its weak performance in Asia to intense competition and discounting by VIP and Safari in India, impacting sales of its American Tourister brand. CEO Kyle Gendreau notes challenges in India due to reduced retail traffic and consumer spending. New entrants in the market offering discounts have further strained industry profits, with VIP and Safari experiencing significant profit declines.

Turkiye’s apparel exports to Azerbaijan have surged by 520 per cent in six years, reaching $211.633 million in 2024.
Despite a dip in 2022, exports rebounded strongly.
Dresses led exports at $29.555 million, with cotton garments dominating the total share (40.64 per cent).
Women’s apparel made up the largest segment.
Turkiye has significantly expanded its presence in Azerbaijan’s apparel market.

Red Chief, a footwear manufacturer, has launched a new brand called Zuup, marking its entry into the footwear retail market with a family-oriented store. The brand aims to offer a wide selection of over 100 national and international footwear brands under one roof, including popular names like Nike, Adidas, and Puma.

Puma and Warner Bros. Discovery have launched a Harry Potter collection inspired by Gryffindor and Slytherin.
Featuring Quidditch-themed apparel, including T7 Tracksuits, Hoodies, and Tees, the range incorporates hidden Golden Snitch embroidery and house crests.
The PUMA Palermo and Easy Rider get Hogwarts-inspired makeovers with house colours, emblems, and unique detailing.

Vince Holding Corp has announced that CFO John Szczepanski will step down on March 28, 2025, with VP, Controller Yuji Okumura as Interim CFO.
The company reaffirmed its fiscal 2024 guidance but is evaluating potential goodwill impairment due to the P180 acquisition.
Final results are subject to year-end closing procedures, and any impairment could impact financial results.

Purple Style Labs (PSL), the parent company of Pernia’s Pop-Up Shop, has secured $40 million in a Series E funding round. This capital will support PSL’s ambitious expansion plans and enhance their omnichannel capabilities to improve the shopping experience. The company has seen substantial growth since acquiring Pernia’s Pop-Up Shop in 2018.

Cambodia’s apparel exports rose by 26.29 per cent in January-February 2025, contributing 38.8 per cent of total foreign income.
Knitted and non-knitted apparel exports grew by 23.3 per cent and 31.0 per cent, respectively.
Imports of textiles also increased, with knitted fabrics rising by 12.9 per cent.
While overall trade performance was strong, exports were higher in January than in February.