Adidas has reported a strong Q1 2026, with revenue rising 14 per cent YoY to €6.6 billion (~$7.72 billion), driven by robust DTC growth and broad-based demand.
Operating profit increased 16 per cent to €705 million (~$824.85 million).
Apparel and performance segments led gains.
The company expects high single-digit sales growth and ~€2.3 billion (~$2.69 billion) operating profit in 2026.

Dholakia Lab Grown Diamond has secured over 800 crore rupees in a major investment. This funding will boost production capacity and expand its retail network across India. The company is also venturing into high-precision single-crystal diamonds for advanced technological uses. This strategic move positions DLGD for significant growth in both the jewellery and industrial sectors.

A significant grant supports lab-grown diamond research at IIT Madras. The Finance Minister inaugurated a new jewellery institute in Udupi. This institute aims to upskill youth and women. It will boost manufacturing and create jobs in the gems and jewellery sector. An MoU was signed for specialized diamond technology training. The initiative aligns with Make in India and Skill India.

For the first time, India’s investment demand for gold surpassed jewellery consumption in the March quarter, reaching 82 metric tons compared to 66 tons for jewellery. This shift, driven by subdued equity market returns and rising gold prices, saw investment demand account for 54.3% of total consumption, which rose 10.2% to 151 tons.

Lululemon adds Esi Eggleston Bracey to its board. She brings branding and marketing expertise. This is the second new director in two months. Founder Chip Wilson continues to push for board changes. He believes the company has lost its appeal. Lululemon faces competition and a proxy fight with Wilson.

Adidas, the iconic German athletic apparel company, has kicked off the year on a high note, revealing first-quarter results that have left analysts thrilled. Operating profits soared beyond expectations, thanks to strong consumer appetite for their products, even as they faced hurdles in particular regions.

Warming weather sharpens focus on fashion’s climate reality, as forums like ChangeNOW highlight progress but expose gaps between ambition and execution.
While innovation in materials and circularity advances, cost and scalability hinder adoption.
The industry now faces pressure to align sustainability goals with viable, system-wide implementation.

Fashion brand Mo’Afrique recently commissioned a multi-million-dollar garment factory in Nigeria’s capital Abuja as it launched the Modish Formal garments brand.
It also launched the Modish Scholars Initiative to provide uniforms to underprivileged children in public schools.
The factory marks a strategic shift from luxury fashion into industrial-scale manufacturing.

A Chinese delegation met BGMEA to explore foreign direct investment (FDI) and technology partnerships in Bangladesh’s textile sector, focusing on MMF, synthetic fibres and technical textiles.
Bangladesh highlighted its $8–9 billion fabric import market as a key opportunity.
Talks also covered sustainability, training and B2B linkages to boost sector modernisation.

The India–New Zealand FTA grants 100 per cent duty-free access to textiles and apparel, improving price competitiveness and margins by 5-10 per cent.
Duty-free wool imports strengthen raw material security, supporting value-added segments.
While the $1.9 billion market is small, it offers stable demand and scope for premium positioning and long-term export growth.