The round also saw participation from Mokobara cofounders Sangeet Agrawal and Navin Parwal, Chona Family Office (that’s behind Hocco Ice Creams), Haleon South Asia president Kedar Lele, and Moonshot co-founder Devaiah Bopanna.

French apparel group Damartex reported an 8 per cent revenue decline to €98.6 million (~$110.68 million) in Q1 FY27 amid hot weather and weak consumer confidence.
Fashion sales fell as seasonal purchases were delayed, while home and healthcare businesses also declined.
The group prioritised profitability and operational discipline without disclosing quarterly profit or margin figures.

India’s apparel market is valued at $95.7 billion in 2025, but sportswear holds only about 1 per cent despite athleisure hype and growth expectations.
CMAI-1Lattice data shows men lead sportswear at $630 million, ahead of kids at $250 million and women at $150 million.
Among men, 17 per cent of track pant or suit buyers bought online, while major offline chains already stock the category.

Founder and CEO Arthi Ramalingam said, “The programme seeks to help women entrepreneurs reach new customers and scale beyond sales through personal networks, social media and physical stores.”

France’s weekend unrest has left luxury boutiques and mainstream retailers grappling with vandalism, looting and disrupted trade. While brands including Louis Vuitton, Celine and Sephora were affected, Carrefour estimated repair costs of over €10 million. With nationwide retail losses potentially running into hundreds of millions of euros, businesses face mounting costs and reputational risks.

For footwear businesses, this has significant implications. Digital commerce can no longer be evaluated only through its contribution to revenue. Its influence now extends to product development, merchandising, pricing, inventory planning and the productivity of physical retail.

Hong Kong’s apparel imports fell 4.58 per cent YoY to $3.976 billion in January–August 2026, but T-shirts rose 3.10 per cent to become the largest imported apparel category.
Jerseys slipped to second, while trousers and shorts fell 8.23 per cent and shirts dropped 11.29 per cent, according to TexPro.
Home textile imports rose 7.91 per cent to $179.265 million, led by bed textiles.

Leading jewellery retailers in India, such as Kalyan Jewellers and Titan, experienced substantial revenue growth in the latest quarter. Kalyan Jewellers reported revenue growth of approximately 27 percent in India, driven by increased same-store sales. P N Gadgil Jewellers also reported a healthy performance, achieving 22.4 percent year-on-year revenue growth. PC Jeweller concluded the quarter with around 28 percent growth, reflecting sustained consumer demand.

Nitin Gadkari’s Dhapewada textile project near Nagpur aims to revive traditional handloom weaving and create employment opportunities for 5,000 women. The initiative produces tussar silk, silk-cotton and cotton sarees and plans to expand into global markets through exports and artificial intelligence. Union Textiles Minister Giriraj Singh said the project could help weaving families earn nearly Rs 30,000 per month throughout the year.

Vietnam’s textile and garment exports hit nearly $31.7 billion in the first eight months of 2026, up 2.9 per cent year on year, but profitability remains squeezed.
Smaller batches, tighter deadlines and buyer delays are weakening scale economies and order visibility.
Logistics costs of 9–10 per cent of export-import value, congestion and surcharges make delivery efficiency crucial.