Apparels

Indian cricketer Jasprit Bumrah has made his first startup investment in luggage brand Uppercase. The partnership includes co-developing a product line for sportspersons. This reflects a wider trend of cricketers turning investors. Uppercase, backed by Accel, aims to break even soon and may explore a public listing in the future.

G-III Apparel and Aldo Product Services have signed a seven-year licensing deal for G H Bass, granting Aldo rights to design, produce, and distribute its footwear, bags, and leather goods in North America.
Launching Spring/Summer 2026, the partnership includes managing the official platform and aims to blend G H Bass’ heritage with Aldo’s design and sourcing strengths to engage new consumers.

India’s textile industry faces uncertainty due to potential US tariffs, despite a temporary pause. While higher tariffs on competitors could offer a competitive edge, buyers are seeking cost-sharing, impacting already thin margins. Experts suggest focusing on efficiency, exploring new markets, and pursuing a Bilateral Trade Agreement with the US to navigate the evolving landscape and capitalize on opportunities.

Cambodia’s apparel exports rose by 18.69 per cent to $2.432 billion in January–March, accounting for over one-third of total foreign income.
Knitted and non-knitted apparel exports grew by 16.5 per cent and 22 per cent, respectively.
However, monthly growth slowed in March amid global trade uncertainty.
Imports of fabrics and fibres also increased significantly, reflecting continued demand.

Diamond merchant Mehul Choksi, wanted in the $2-billion PNB fraud, has been arrested in Belgium following a request from Indian authorities. The CBI sought Choksi’s detention after he was located in the country, acting on open arrest warrants issued by a Mumbai court. Choksi, claiming medical issues, may seek bail, but Indian agencies will oppose it and pursue his extradition.

Gold prices surged past $3,200 on Friday, fueled by a weakening dollar and escalating U.S.-China trade tensions that heightened recession fears. Investors sought refuge in the precious metal, driving spot gold up nearly 2% to $3,235.89 an ounce.

Cambodia has steadily increased its share in Switzerland’s apparel imports, reaching 3.14 per cent in the first two months of 2025.
Starting from 2.09 per cent in 2019, its share rose to 3.11 per cent by 2024.
Key products include trousers, shorts, and jerseys.
Despite being the eighth-largest sourcing country, Cambodia’s apparel exports to Switzerland show consistent growth.

Swiss Military is aggressively expanding across product lines and geographies, fueled by a 22% annual growth rate and plans for an NSE listing. The company has opened a manufacturing facility in Faridabad, aligning with ‘Make in India’ initiative. It plans to open 130 exclusive brand outlets (EBOs), starting with 10 stores in Gujarat in FY26.

Two-time Masters champion Bernhard Langer has signed with Skechers and will wear the brand’s GO GOLF Blade shoes with Hands Free Slip-ins tech at Augusta.
Returning after Achilles rehab, the 67-year-old praised the comfort and support of the footwear.
With over 120 global victories, including a record 47 PGA Tour Champions wins, Langer brings decades of experience to his latest appearance at The Masters.

Prada has acquired Versace from Capri Holdings for $1.375 billion, uniting two major Italian fashion houses. This strategic move aims to strengthen Italy’s position in the global luxury market, dominated by French conglomerates. Prada intends to revitalize Versace, which has faced financial challenges, while Capri Holdings will streamline its portfolio after the sale.