Apparels

Shares of PC Jeweller experienced a dip of 3.5%, bringing the price to Rs 16.76. Market capitalisation decreased to approximately Rs 10,968 crore. Despite this, the stock has seen a 35% rally in the past month. Technical analysis shows the stock is trading above most key Simple Moving Averages.

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.

A consortium led by Multiples Alternate Asset Management and Samvibhag Securities is set to acquire a 32% stake in VIP Industries from the Piramal family. The deal includes Mithun Sacheti, founder of CaratLane, and will trigger an open offer for an additional 26% stake.

Taiwanese and Vietnamese companies are eager to invest in India’s non-leather footwear sector, requiring government support for smooth imports. The Council for Leather Exports aims for USD 7 billion in exports by 2026, with the US as a top destination.

UK clothing imports rose 15.26 per cent year-on-year (YoY) to £1.435 billion (~$1.938 billion) in May and increased 7.89 per cent from April.
Textile fabric imports also grew, while fibre imports declined slightly.
Q1 2025 clothing imports were up 10.28 per cent YoY but down from Q4 2024.
For full-year 2024, clothing, fabric, and fibre imports all declined, continuing the downward trend seen since 2022.

Manish Chopra is the new CEO of Sabyasachi Couture. He previously worked at Shein India, backed by Reliance Retail. This change occurs as the Indian luxury market rebounds. Sabyasachi and other Indian labels are expanding globally. Aditya Birla Group holds a majority stake in Sabyasachi. They have also invested in other fashion houses.

The World Gold Council suggests gold prices might weaken if geopolitical and trade tensions ease, or if the US dollar and Treasury yields increase. Reduced central bank gold purchases and retail investment could also trigger a mid-term price correction.

Rising uncertainty and new Trump-era tariffs are destabilising fragile African textile industries.
Lesotho has already declared a national state of disaster.
With AGOA expiring soon, fears are growing across sub-Saharan Africa.
The rollback or expiry of AGOA could stall two decades of economic progress.
As the US shrinks aid, countries including China and India are working to establish closer ties.

Blip, a quick fashion delivery startup, has shut down less than a year after launch, citing limited capital and go-to-market challenges. Despite growing investor interest in ultra-fast fashion, cofounder Ansh Agarwal said bootstrapping made competition difficult. He remains optimistic about the sector but acknowledged the need to make a tough decision.

Kiaasa Retail, an ethnic fashion brand, has filed preliminary papers for an IPO on BSE’s SME platform to raise funds. The company plans to utilize the proceeds to expand its retail presence in Tier II and Tier III cities, enhance its digital channels, and meet working capital needs.