Apparels

The government’s decision to remove Quality Control Orders on polymer and fibre intermediates will lower raw material costs for India’s readymade garment sector, boosting cheaper imported yarn supply. This move offers relief to tariff-hit textile segments, especially garments, by providing access to more competitively priced imports, though it may increase competition for domestic polyester yarn producers.

The Bangladesh Export Processing Zones Authority (BEPZA) has signed land lease agreements with two Hong Kong–China–owned companies—DJ Copper and GRX Technology—to set up new industrial units in the BEPZA Economic Zone with a combined investment of $70.66 million.
The projects will employ 1,105 Bangladeshis and boost light engineering and garment accessories manufacturing.

India’s Muthoot clan is experiencing a surge in wealth as their gold loan business thrives amid rising bullion prices. Consumers are leveraging their jewelry for cash, pushing Muthoot Finance’s stock to record highs and boosting the family’s fortune. The company faces increasing competition but remains confident in the expanding market.

India’s textile exports saw a significant drop in October. High US tariffs are impacting shipments. Industry groups are urging the government for support. Measures like extending schemes and creating a diversification fund are proposed. Exporters face challenges with reduced orders and discounts. The situation is expected to continue in the coming months.

The accused persons were identified as former director of the company Rakesh Rawat, its former employee Sameer Khandelwal, resolution professional Amit Gupta, new purchaser Arpit Khandelwal, Plutus Investments and Holding Ltd and others, an official said on Wednesday. The accused conspired and allegedly undervalued the company’s assets and deliberately delayed the auction process by two years to bring down its market value so that Khandelwal could purchase the company, an official said.

Bangladesh’s T-shirt exports to the US have expanded notably, rising to 8.94 per cent of apparel shipments in January–July 2025, up from 8.16 per cent a year earlier.
Export value increased to $444.88 million, pushing T-shirts from the fifth position in 2023 to the third spot in 2025.
The shift reflects rising US demand for basics and value-driven apparel.

Lululemon unveiled Team Canada’s new Milano Cortina 2026 athlete kit, its third Games as Official Outfitter, developed with two years of athlete testing to enhance thermoregulation, adaptive design, and Canadian-inspired styling.
The launch includes a retail line and Future Legacy products that support Olympic and Paralympic foundations through ten per cent of sales.

PVH Corp has announced the exit of CFO Zac Coughlin, who will stay through year-end and join the upcoming Q3 earnings call.
A global search has begun for his successor, with Melissa Stone appointed Interim CFO.
CEO Stefan Larsson thanked Coughlin for driving the PVH+ Plan and affirmed confidence in Stone.
The company reaffirmed its Q3 and full-year 2025 revenue and earnings guidance.

Amer Sports has delivered a strong Q3 and 9M 2025, with Q3 revenue up 30 per cent to $1,756 million and broad-based regional and channel growth.
Margins improved sharply, while net income rose 156 per cent to $143 million.
9M revenue grew 26 per cent, with net income reaching $306.9 million.
Strong Salomon and Arc’teryx momentum led the company to raise its full-year revenue, margin and EPS outlook.

Circle, the pioneering platform for trading pre-owned goods, has just secured its initial funding round. With a commitment to trust in customer-to-customer sales, the platform employs artificial intelligence to ensure verified listings and efficient logistics.