Apparels

Existing investors Fireside Ventures, Sparrow Capital, Prath Ventures, and Alteria Capital participated in the round. With this, the company has raised almost $20 million to date. The fresh funds will be used to expand its retail footprint and enhance its product offerings.

Denmark’s apparel imports from Turkiye fell 6.9 per cent to $87.7 million in Q1 2025.
Cotton garments dominated, making up nearly 64 per cent of imports.
Trousers and shorts led with a 41 per cent share, followed by T-shirts and jerseys.
Overall, 2024 imports from Turkiye totalled $336.6 million, down 4.27 per cent from 2023.
Woven garments surpassed knitted in trade share.

Crocs’ 2024 Comfort Report highlights 25 per cent bio-circular content in Croslite, nearly 5 per cent emissions cut, global expansion of its takeback programme, and a recycled clog launch.
It also introduced STEP UP TO GREATNESS to support over 3 million youth with skills and mentorship, reinforcing its Purpose strategy for social and environmental impact.

Nike shares saw a surge following the announcement of production shift from China. The company anticipates tariff costs of approximately USD 1 billion. Price increases are expected in the US this fall. This follows similar warnings from Walmart regarding tariff-related price hikes. Nike aims to reduce its China-based footwear production to single digits by 2026.

Prada’s Spring Summer 2026 menswear collection, featuring sandals inspired by Kolhapuri chappals, has sparked controversy in India, igniting debate over cultural appropriation. Prada acknowledged the inspiration and committed to responsible design practices and dialogue with Indian artisans. Legal action is being considered due to the failure to acknowledge the artisans and heritage behind the design.

H&M Group has signed a multi-year deal to source large volumes of Circulose, a recycled material, to replace a significant portion of its virgin viscose use.
The agreement strengthens H&M’s push towards circular fashion and supports the scale-up of textile-to-textile recycling.
Both H&M and Circulose highlight the partnership as a vital step toward broader industry adoption of sustainable materials.

In Q1 2025, the UK’s apparel imports reached $4.688 billion, with knitted garments taking a 53.89 per cent share, surpassing woven garments at 46.11 per cent.
Knitted imports rose 9.28 per cent year-on-year, while woven garments increased 7.30 per cent.
Total imports for 2024 stood at $19.698 billion.
Annual apparel imports declined from $24.115 billion in 2022 to $20.285 billion in 2023.

Germany’s export expectations dipped to -3.9 in June from -3 in May, as per the ifo Institute.
The wearing apparel sector showed the weakest outlook at -32.6, while textiles was at -8.5.
The chemical industry posted -3.8, reflecting moderate negativity.
Ongoing tariff uncertainties with the US continue to dampen sentiment, according to ifo’s Klaus Wohlrabe.

H&M is strategically holding its prices steady in the U.S. market, capitalizing on rivals like Zara and Shein raising theirs due to tariff pressures. This move aims to attract shoppers amidst economic turbulence and shifting consumer sentiment. By mitigating tariff impacts through diversified sourcing and nearshoring strategies, H&M seeks to improve profitability and gain market share.

India’s cut and polished diamond (CPD) industry is set for another challenging fiscal year, with the recent report ICRA projecting a 7-10 per cent decline in exports in FY2026, following a 17% contraction in FY2025, weighed down by weak global demand and increasing competition from lab-grown diamonds (LGDs), the sector’s outlook remains negative.