Apparels

Germany’s Adidas & Tom Daley launch retro-inspired swimwear collection

Adidas and champion diver Tom Daley have unveiled a bold new swimwear collection blending performance and personal style.
Inspired by Tom’s passion for knitting, the four-piece range features vibrant retro graphics and Infinitex fabric for durability.
Designed for confidence and versatility, the collection is ideal for both poolside and open water wear.

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Gems and jewellery exports decline 14.25% in June amid economic uncertainties and geopolitical tensions

India’s gem and jewellery exports witnessed a 14.25% decline in June, totaling USD 1626.96 million, attributed to global economic uncertainties and geopolitical tensions. Cut and polished diamond exports fell sharply by 23.49%, impacted by reduced consumer spending and the rising popularity of lab-grown diamonds. However, gold jewellery exports saw a 5.

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VIP stake sale: Why industry peers say it’s a win for the luggage market

The Rs 3,200 crore deal marks a significant leadership reset at VIP Industries, bringing an end to the decades-long involvement of the Piramal family with the company. Dilip Piramal took over VIP Industries in 1980. The incoming promoters are expected to bring in fresh leadership, strategy, and governance focus at a time when VIP has been facing competitive and operational headwinds.

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Buyers keep hands off gold, as sales plunge 60% in June, steepest drop since Covid

Gold sales in India witnessed a sharp decline in June. The drop is attributed to high and fluctuating gold prices. India Bullion & Jewellers Association reports a 60% decrease. Jewellers are now promoting 14-karat gold. This is due to its affordability. There are ongoing discussions for hallmarking 9-karat gold. The Bureau of Indian Standards is working on the hallmarking model.

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UK clothing exports fall 12% to $322 mn in May 2025

UK clothing exports declined by 12.13 per cent YoY to £239 million in May 2025 due to weak European demand, though they rose 3.91 per cent month on month.
Textile fabric exports grew modestly, while fibre exports dipped slightly.
In Q1 2025, all three segments saw declines compared to Q1 2024.
For full-year 2024, clothing exports fell nearly 12 per cent, continuing a multi-year downward trend.

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GJEPC targets Saudi Arabia to expand jewellery exports, launches SAJEX

The Gem & Jewellery Export Promotion Council (GJEPC) is launching SAJEX, a B2B jewellery trade show in Jeddah, Saudi Arabia, scheduled for September 2025. This initiative, backed by the Indian government, aims to boost India’s jewellery exports to the region, capitalizing on Saudi Arabia’s growing jewellery market, projected to reach USD 8.34 billion by 2030.

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UK trade reforms to boost Sri Lankan apparel exports, jobs

The UK has unveiled a reforms package to simplify imports from developing nations.
New measures include simplifying rules of origin, enabling more goods from countries like Sri Lanka, Nigeria and the Philippines to enter the UK tariff-free, even when using components from across Asia and Africa.
For Sri Lanka, the rules of origin for the garments sector specifically will be liberalised.

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Bangladesh targets $65 bn from exports in FY26, $56.5 bn from goods

Bangladesh has proposed an export target of $65 billion for FY26—$56.5 billion from goods and $8.5 billion from services.
The RMG sector is expected to fetch $44.49 billion from exports—up by 13.07 per cent YoY.
The knitwear sub-sector is projected to earn $23.7 billion—a 12.01-per cent YoY growth, while woven garments are expected to generate $20.79 billion, growing by 14.31 per cent YoY.

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