Apparels

Multiply Group (ADX: MULTIPLY) has acquired a 67.91 per cent stake in Spain’s Tendam, marking its first major European investment and entry into retail and apparel.
The deal doubles Multiply’s operational EBITDA and aims to drive Tendam’s global growth using AI, digital tools, and targeted M&A, with Tendam reporting ~$1.60 billion in sales and ~$388 million in EBITDA.

India’s PDS Limited has reported a 14 per cent YoY rise in Q1 FY26 revenue to ₹2,999 crore (~$329.89 million), with GMV up 19 per cent QoQ.
Despite growth, EBITDA fell 31 per cent and PAT declined 36 per cent.
The company remains focused on operational efficiency and long-term growth, supported by an asset-light model, strategic restructuring, and promising cost optimisation measures.

Steven Madden, Ltd has reported revenue of $1.11 billion in H1 FY25, up 3.4 per cent YoY, but net income dropped to $946,000 due to higher expenses.
Q2 revenue rose 6.8 per cent to $559 million.
Wholesale declined, while DTC surged.
Tariffs impacted performance, prompting the company to withhold 2025 guidance despite confidence in long-term growth and the Kurt Geiger integration.

Columbia Sportswear’s 2024 Impact Report showcases key achievements across its brands: 80 per cent progress toward its clean water goal, 6,100+ employee volunteer hours, a 900,000 kWh and 67,000 therm energy reduction in Oregon, and support for 375,000 workers—65 per cent women—via RISE.
Mountain Hardwear was honoured as Leave No Trace’s Corporate Partner of the Year.

India’s gold demand experienced a 10% decline in the June quarter due to rising prices, impacting jewellery purchases and prompting the World Gold Council to revise its 2025 demand projection downward.

Turkiye’s apparel exports fell 6.91 per cent YoY to $7.94 bn in Jan–Jun 2025, with June alone down 8.94 per cent.
Knitted and non-knitted apparel declined 4.5 per cent and 10 per cent, respectively.
Imports of cotton textiles (HS 52) rose 2.6 per cent in H1 2025.
Full-year 2024 apparel exports slipped 4.47 per cent, continuing the downtrend from 2023 and 2022.

Uniqlo is set to open new stores in Fall 2025 across Canada, including its first in Victoria and additional locations in Calgary, Edmonton, and Quebec City, expanding its total presence to 37 stores.
The move reflects rising demand for its LifeWear range and underscores the brand’s commitment to community-focused growth and innovative, high-quality everyday clothing.

Bangladesh Commerce Secretary Mahbubur Rahman, in Washington for tariff-related talks, is still optimistic that US tariffs on goods from his country would significantly reduce.
The 35-per cent additional US tariffs on Bangladesh will take effect tomorrow, while the third round of talks concluded yesterday without any breakthrough.
The RMG sector would be hit the hardest if the new tariffs take effect.

Kontoor Brands has elevated Jenni Broyles to EVP, chief commercial officer and global head of brands, and Joseph Alkire to EVP, CFO and global head of operations.
Both report to CEO Scott Baxter.
Tom Waldron will exit the company after a transition ending September 30.
CEO Baxter praised the leadership team’s depth and vision for driving long-term growth.

Skechers Basketball has launched the SKX Full-Court Press, a performance-driven low-top shoe designed for speed, stability, and comfort.
Debuted by WNBA star Rickea Jackson, the shoe features Skechers Move Foam, a TPU Versa Wing for stability, and Goodyear rubber traction.
It’s available online, in select Skechers stores, and via global retailers.