Bangladesh apparel industry is reportedly facing a liquidity crunch due to banking failures at a time when shifting orders are expected to benefit the country.
The sector’s heavy reliance on back-to-back LCs has turned risky, as local banks struggled to honour or issue new LCs.
Exporters warned delayed payments and financing risks might hit Bangladesh’s image while also eroding its competitive gains.

Indian fashion retailers are prioritizing sustainable profitability amid changing consumer habits and rising costs. Industry leaders at ETRetail The FashionXP emphasized key pillars like top-line growth through quality collections and convenience, bottom-line management focusing on cost control, strategic expansion, and human resource development.

Sourav Ganguly has partnered with Myntra to launch ‘Souragya,’ a premium ethnic wear brand, just in time for Durga Puja and Diwali. The brand aims to blend traditional craftsmanship with contemporary designs, targeting the fashion-forward generation. With nearly 100 styles, the collection will be exclusively available on Myntra, tapping into the rapidly expanding Indian ethnic wear market.

Brand Concepts Ltd. has partnered with luxury streetwear label Off-White to launch the brand in India, marking the company’s entry into the luxury fashion segment. This strategic move aims to capitalize on the increasing demand for international luxury brands among Indian consumers.

Giorgio Armani, the iconic Italian designer who recently passed away at 91, left instructions for his heirs to sell a 15% minority stake in his fashion empire, prioritizing LVMH, Essilor-Luxottica, or L’Oreal. Control of the business is divided among longtime collaborator Leo Dell’Orco, niece Silvana Armani, and nephew Andrea Camerana, while the Armani Foundation retains a significant portion.

The Bear House, a men’s apparel and accessories brand, plans a Rs 55 crore investment to expand internationally and strengthen its Indian offline presence, aiming to become a Rs 500 crore brand by FY27.

India’s luggage market is set for big growth. A new report forecasts a 12% annual rise, reaching Rs 267 billion by 2028. Weddings and increased travel are boosting demand. Branded luggage is becoming more popular. VIP, Samsonite, and Safari are leading brands. The shift to online shopping is also helping the industry.

The 56th GST Council meeting introduced a simplified regime, collapsing the earlier five-rate system into two primary slabs.
A uniform 5 per cent GST has been fixed for most garments and manmade fibres/yarns.
Some trade bodies have raised concerns over the 18 per cent GST on garments above ₹2,500; the majority, however, feel the reform will boost competitiveness and sectoral growth.

UK’s clothing exports declined 2.7 per cent YoY to £252 million (~$341.32 million) in July 2025 amid weak European demand, inflationary pressures, and rising costs, ONS data shows.
Textile fabric exports edged up slightly YoY but fell month-on-month, while fibre exports dropped sharply YoY.
Q2 clothing exports were down from 2024, highlighting ongoing challenges and the need for diversification.

Senco Gold & Diamonds aims to expand into Saudi Arabia’s luxury market. The company participated in the Saudi Arabia Jewellery Exhibition. They seek collaborations under Saudi’s Vision 2030. Senco targets the younger Saudi demographic with modern designs. They are also exploring cross-border e-commerce. Domestically, Senco invested significantly, opening new stores. The company targets 20% growth this fiscal year.