Shapewear brand Underneat has raised USD 6 million in a funding round. It achieved Rs 150 crore in annual recurring revenue and is profitable within eight months of operations. Funds will expand operations and distribution. Fireside Ventures led the investment, recognizing Underneat’s strong market position. The brand’s success is attributed to accessible pricing and digital engagement, boosted by Kusha Kapila’s content.

Canadian outdoor lifestyle brand Roots has reported solid Q3 FY25 results, with sales rising 6.8 per cent to $71.5 million, driven by DTC growth and stronger wholesale demand.
Gross margin improved to 60.8 per cent, while Adjusted EBITDA increased 5.3 per cent to $7.5 million.
Net income stood at $2.3 million, and net debt declined 5.9 per cent, reflecting disciplined execution.

Gold prices have reached a record high of Rs 1,37,600 per 10 grams in New Delhi. This surge follows firm global cues and renewed safe-haven demand. International spot gold also saw a significant rise. Silver prices remained stable. Gold imports saw a dip in November after a substantial increase in October.

Upholding the order passed by its single-judge bench in 2019, Justice C Hari Shankar and Justice Om Prakash Shukla of a division bench said there is a deceptive similarity between Kanpur-based Leayan Global’s “Power Flex” mark and Bata India’s “Power” mark, and both marks were being used for goods which are similar, thus there is a likelihood of confusion.

China’s trade surplus has surpassed $1 trillion in 2025, supported by strong industrial exports and wider market reach that helped offset US tariffs.
However, the widening imbalance is escalating global concern and increasing pressure on Beijing to boost domestic consumption and imports to ease growing trade friction worldwide even further.

UK apparel imports dipped 1.87 per cent YoY in October 2025 but rose month on month, pointing to stabilising demand, according to the Office for National Statistics (ONS).
Strong Q3 growth reflects better retail sell-through and renewed ordering by brands.
After steep declines in 2023–24, 2025 signals recovery, although fabric and fibre imports continue to show uneven trends.

The National Company Law Appellate Tribunal has rejected SEBI’s attempt to recover a penalty from Annies Apparel. The tribunal ruled that claims cannot be filed after a company enters liquidation under the Insolvency and Bankruptcy Code. This decision upholds the principle that all claims are frozen on the liquidation commencement date.

India’s gems and jewellery exports saw a significant jump of 19.64 percent in November, reaching USD 2.5 billion. This growth was driven by strong demand in markets like Hong Kong, China, and the Middle East. Cut and polished diamond exports also increased substantially. Gold studded jewellery shipments surged due to high demand for job works.

US textile and apparel exports fell 3.63 per cent to $16.73 billion in January–September 2025, reflecting weaker global demand, rising price competition from Asian suppliers and softer sourcing by regional partners.
Shipments declined sharply to Mexico, CAFTA-DR markets and China, while limited growth in Europe and Japan was driven by technical textiles and supplier diversification.

The influx of ultra-cheap used garments is devastating Indonesia’s textile sector.
Some estimates suggest smuggled clothing has eroded the market share of domestic players by up to 15 per cent.
Beyond the economic fallout, the thrift boom is also accelerating a mounting waste crisis with sellers.
Authorities are now cracking down on smuggling and urging a shift towards locally made textile products.