Apparels

Eternz, the innovative jewellery marketplace, has successfully raised pre-series A funding led by Multiply Venture partners, along with several other investors. This significant investment will fuel the company’s ambition to enhance its leadership team and upgrade its technology infrastructure.

The Textile Ministry has revised its Production Linked Incentive Scheme for textiles. Key changes include expanding eligible products, halving minimum investment requirements, and reducing the incremental turnover criteria. These amendments aim to lower entry barriers and encourage more companies to invest. The application portal is now open until December 31, 2025, to foster wider industry participation and growth.

The Indian luxury market is experiencing a significant boom this wedding season, with sales projected to increase by 30-50%. Retailers are observing a more stylized approach to weddings, with increased demand for occasion wear, designer apparel, and premium gifting options. This trend is driving higher average billings across various luxury categories.

Mexico’s apparel sourcing landscape is shifting as China’s market share has dropped from 50 per cent in 2022 to 38.52 per cent in 2025.
Vietnam has gained momentum, emerging as the second-largest supplier, while Bangladesh, Cambodia, and India are strengthening their foothold.
The trend highlights Mexico’s move towards diversified, resilient, and sustainable supply chains.

China’s role as the backbone of the global textile supply chain remains decisive.
Between 2018 and 2024, Chinese exports to Vietnam grew nearly 19 per cent annually.
Goods deemed to be routed via transshipment can still attract a 40 per cent US levy.
China’s investments in Southeast Asia’s four largest economies have quadrupled over the past decade.

NITI Aayog’s quarterly trade watch report has called for tariff reforms and non-leather footwear production, among other recommendations, to boost India’s footwear industry, which has seen a drop in market share globally.
India’s share of the $281.76-billion global leather and footwear exports market was 1.85 per cent in 2024, at par with its 2-per cent share in 2004.

PVH Corp has appointed Patricia Gabriel as chief supply chain officer and global head of operations, succeeding David Savman, who will focus on his role as global brand president, Calvin Klein.
Gabriel joins in Q4 from Capri Holdings, where she led supply chains for Michael Kors, Jimmy Choo and Versace.
She will report to CEO Stefan Larsson and be based in New York.

Uniqlo’s parent company, Fast Retailing, has reported its fourth straight year of record profits. The apparel giant’s operating profit rose significantly, exceeding forecasts. Uniqlo is expanding its presence in North America and Europe. The company anticipates further profit growth in the upcoming fiscal year. A weak yen is also benefiting Fast Retailing’s domestic and international sales.

Uniqlo’s parent company, Fast Retailing, has reported its fourth straight year of record profits. The apparel giant’s operating profit rose significantly, exceeding forecasts. Uniqlo is expanding its presence in North America and Europe. The company anticipates further profit growth in the upcoming fiscal year. A weak yen is also benefiting Fast Retailing’s domestic and international sales.

Senco Gold reported a 6.5% revenue growth in Q2 FY26 despite headwinds like a high base effect and adverse weather. The company expanded its retail presence with 5 new showrooms, including an international one in Dubai, and saw strong demand for diamond and silver jewellery. Gold prices reached an all-time high during the quarter.