Apparels

Fidelity has increased Lenskart’s valuation to $6.1 billion, a 21% rise from its previous $5 billion valuation. The omnichannel eyewear retailer is preparing for a potential $1 billion IPO at a $10 billion valuation. Lenskart’s FY24 net loss decreased significantly, while operating revenue and EBITDA saw substantial growth, highlighting its strong financial performance.

Cambodia’s apparel exports surged by 22.93 per cent to $4.213 billion in January–May 2025, with knitted and non-knitted garments both seeing strong growth.
Apparel contributed over 35 per cent of total foreign income.
Imports of key raw materials such as knitted fabrics, man-made fibres, and cotton also increased.
This follows a 24.44 per cent rise in apparel exports in 2024, reversing a 2023 decline.

Designer Brands, parent of DSW, saw Q1 FY25 net sales fall 8 per cent YoY to $686.9 million, with comparable sales down 7.8 per cent.
Gross profit dropped to $295.1 million, and net loss totalled $17.4 million.
CEO Doug Howe cited macro uncertainty and weak consumer sentiment.
The company withdrew FY25 guidance and targets $20–30 million in cost savings amid tariff and margin pressures.

Nike collaborates with NorBlack NorWhite, an Indian fashion label. The collection launches globally on June 11. It features bandhani, an Indian tie-dye technique. The designs include sportswear for women. Indian athletes are part of the campaign. The collaboration brings Indian craftsmanship to the global stage. It is a cultural reset in motion.

Men’s ethnicwear brand Kisah Apparels has successfully raised Rs 13 crore in its latest funding round, led by Sagar Daryani of Wow Momo. With this fresh capital, the brand is set to enhance its physical retail footprint and direct-to-consumer initiatives.

Inditex Trent, the Tata-Inditex joint venture operating Zara in India, recorded its slowest sales growth in FY25, with revenue rising just 0.4% to ₹2,782 crore—its weakest performance since launch, excluding the pandemic year. Net profit rose 23% to ₹299 crore. The slowdown comes amid stiff competition and inflation-driven cuts in discretionary spending.

“Over the last several sessions, we’ve seen gold retrace a bit off the recent highs, mostly done on the back of optimism in regards to the expectations of negotiations between China and the U.S., UK and Russia,” said David Meger, director of metals trading at High Ridge Futures.

Carter’s 2024 Raise the Future report highlights progress in sustainability and social impact.
About 99 per cent of products meet OEKO-TEX standards, over 60 per cent of packaging uses recycled content, and $35 million has been invested in community support since 2021.
The company relaunched its Kidcycle takeback programme and earned recognition on TIME’s World’s Most Sustainable Companies list.

S&S Activewear will become the exclusive distributor of Hanes in the North American printwear channel by end-2025, marking a major expansion of their long-term partnership.
The deal ensures deeper inventories, faster deliveries, and exclusive access to Hanes products through S&S.
It follows S&S’s integration with alphabroder, reinforcing its position as a leading distributor.

CaratLane is launching its own quick commerce initiative, starting with pilots in Gurgaon, Hyderabad, and Bangalore, aiming for delivery times of four to six hours.