Apparels

EUME, the premium luggage brand, is set to expand its offline presence after securing Rs 25 crore in Series A funding. The company plans to launch 8-10 exclusive brand outlets this year, prioritizing key cities like Mumbai, Bangalore, and Delhi.

Bangladesh has approved a proposal for raising tariffs on both goods and vessels at the Chittagong seaport, in some cases up to 10 times or above.
The proposal aims at ‘improving the quality of services and efficiency’ at the port.
Port-use tariffs have not been raised since 1986.
A section of port users perceives this decision ‘illogical’ as it will be tough for exporters to absorb this additional cost.

Spykar plans expansion after a year of consolidation. The denim brand will increase its exclusive stores by over 30 percent. Spykar aims to reach 400 stores across 200 cities by FY26. The brand is also focusing on product diversification. It includes athleisure and innerwear. Spykar is collaborating with Vidyut Jammwal.

India-UK Free Trade Agreement is set to boost India’s textile sector. The agreement grants duty-free access to the UK market. This levels the playing field against competitors. India aims to significantly increase its textile exports to the UK. Local textile clusters are preparing for an export surge. The FTA is expected to foster bilateral cooperation and innovation.

Puma is grappling with the consequences of its earlier strategy to front-load shipments to the U.S. to avoid tariffs. This move has led to excess inventory and subsequent discounting, particularly in North America, where sales have declined.

India’s textile and apparel industry anticipates a surge in exports to the UK as the Comprehensive Economic and Trade Agreement ensures duty-free access.
This levels the playing field with nations like Bangladesh and Vietnam.
Industry leaders expect India’s market share to nearly double, with rising demand for both traditional and sustainable products.

Deckers Brands has nominated Patrick J Grismer—former CFO of Starbucks, Hyatt, and Yum! Brands—for election to its board at the September 8, 2025 Annual Meeting.
Grismer would join the Audit Committee, as Dave Powers retires after nine years.
The board praised Grismer’s financial acumen and honoured Powers’ impactful leadership and legacy.

Fenix Outdoor has reported a 3.1 per cent decline in Q2 2025 net sales to €144.9 million (~$170.982 million) and a €7.2 million (~$8.5 million) operating loss, citing weather disruptions, online discounting, and shifting consumer trends.
While Frilufts sales rose and DTC performance improved in the US, wholesale declined.
The company anticipates Q3 gains.

Deckers Brands has posted strong Q1 FY26 results with net sales up 16.9 per cent to $964.5 million, driven by Hoka and Ugg.
International sales surged 49.7 per cent, offsetting domestic decline.
Net income rose to $139.2 million, with EPS at $0.93.
For Q2 FY26, Deckers projects sales of $1.38–$1.42 billion and EPS of $1.50–$1.55, amid ongoing global uncertainties.

Urban Jungle, a new vertical by Safari, is set to invest Rs 20 crore in opening 15 exclusive brand outlets (EBOs) across major metro cities within the next 12-18 months.