DealShare cofounder Sankar Bora’s company, based in Bengaluru, will deploy the funds to boost output and bolster R&D in the run-up to its public launch in April.

Supplier hubs in Southeast and South Asia were popular with buyers globally last year, and performed strongly, QIMA said.
Vietnam was a key beneficiary of the sourcing shifts from China.
Other Southeast Asian nations also attracted robust volumes of new business from the West.
South Asian sourcing hubs continued to play a crucial role in the procurement portfolios of US-based and European buyers.

Canadian apparel imports from Cambodia grew by 9.60 per cent during January–November 2024, reaching $976.655 million.
Trousers and shorts led with a 33.28 per cent share, followed by jerseys at 24.08 per cent.
Canada imported $452.660 million in cotton garments (46.35 per cent) and $418.995 million in man-made garments (42.90 per cent).
Imports had peaked at $1,253.715 million in 2022.

Cambodia exported a total of $13.92 billion worth of garments, footwear and travel goods (GFT) last year—a rise of 23 per cent YoY, a report from the ministry of commerce said.
Garment exports were valued at $9.79 billion last year—a YoY increase of 24 per cent.
Footwear exports rose by 23 per cent YoY to $1.68 billion, while travel goods exports surged by 19.6 per cent YoY to $1.95 billion.

New Balance Football has signed Bundesliga champion Jeremie Frimpong.
The Bayer Leverkusen right back, known for his attacking style, joins as part of New Balance’s push to support emerging talent.
Beyond football, the brand will back his non-profit, The Pathways Project, helping young players explore careers beyond the sport.
Frimpong will feature in New Balance’s performance and lifestyle campaigns.

With the Union Budget 2025-26 approaching, the textile and apparel industry seeks increased funding, modifications to the PLI scheme, infrastructure improvements, and measures for stabilizing raw material prices. Industry leaders emphasize the importance of supporting tier 2 and 3 city clusters, enhancing retail growth, and fostering sustainable manufacturing practices to boost global competitiveness.

De Beers has announced its entry into the retail market by opening 15 Forevermark brand stores in India this year. They plan to expand to 100 stores by 2030, targeting a revenue of USD 1 million. The first store is expected to open between June and July.

PDS Limited has reported ₹4,402 crore (~$509.3 million) GMV in Q3 FY25, up 16 per cent YoY, with revenue at ₹3,125 crore (+21 per cent). PAT grew 66 per cent to ₹43 crore.
For 9M FY25, GMV hit ₹13,737 crore (+31 per cent YoY), and revenue rose 26 per cent to ₹9,052 crore (~$1.05 billion).
PDS is acquiring a 55 per cent stake in KGIPL for ₹41 crore.

Canada Goose appointed Judit Bankus as Senior VP of Merchandising to drive product strategy with a focus on sustainability and innovation.
Reporting to President Carrie Baker, she will oversee global merchandising, pricing, and category expansion, working with Creative Director Haider Ackermann.
With experience at Stella McCartney, Burberry, and Karl Lagerfeld, she aims to fuel brand growth.

Bangladesh’s apparel-textile trade bodies have urged the government to suspend the plan to raise gas prices for the industrial sector and captive power plants, and formulate a medium-to-long term strategy and time-bound action plan to ensure uninterrupted gas supply.
Banking sector issues, labour dissatisfaction and security concerns have further strained production and supply chains, they said.