Apparels

The 25 per cent additional tariff imposed by Donald Trump on Indian goods is set to take effect from August 27.
According to some estimates, owing to increased tariffs, certain knitted garments could face duties as high as 64 per cent and woven apparels around 60.3 per cent.
The Trump-Putin meeting on August 15 in Alaska might influence the course of India-US trade ties.

Sudathi, a Surat-based saree brand, aims for Rs 100 crore in annual recurring revenue by FY26, leveraging its success since its 2023 launch. Expanding its festive retail operations, the company focuses on tier 2 and 3 cities, streamlining logistics with new fulfillment centers and regional tie-ups to meet seasonal demand and reduce delivery times.

Aditya Birla Group’s TMRW – House of Brands has secured a Rs 437 crore investment from ServiceNow Ventures. This deal will integrate ServiceNow’s AI and automation into TMRW’s operations. TMRW, launched in 2022, aims to leverage this partnership to enhance consumer insights and operational agility for its portfolio of brands targeting Gen-Z and millennial consumers.

US imported 49,455.630 million SME of textiles and apparel in January–June 2025, up 5.88 per cent year on year, with apparel imports rising 4.31 per cent and textiles 6.40 per cent, OTEXA data shows.
Cotton product imports grew 4.81 per cent, while MMF products rose 6.25 per cent.
Exports inched up 1.21 per cent to 1,083.793 million kg, despite declines in fabric and yarn shipments.

India’s gem and jewellery exports witnessed a significant surge in July. Exports increased by 15.98% compared to the previous year. The Gem and Jewellery Export Promotion Council reported the total export value at $2,178.24 million. Robust order bookings and a rebound in the Hong Kong market fueled this growth.

BlueStone Jewellery and Lifestyle’s Rs 1,540.65-crore IPO was subscribed 2.70 times on Wednesday, the final day of bidding. The IPO saw strong interest from QIBs and retail investors, while non-institutional investors showed moderate interest. The company plans to use the fresh issue proceeds for working capital and general corporate purposes, aiming to further expand its retail presence across India.

Brand expects 50 per cent fall in operating income year-on-year.
Goods sourced from Indonesia and Vietnam become problematic.
Stock reduction remains core to turnaround strategy.
Tariffs hit brands with outsourcing differently, says CEO.
Q1 revenue fell 4 per cent to $1.1 bn, while Q2 sales are projected to drop 6–7 per cent, with EPS far below forecasts.

Softwear Automation, creator of autonomous ‘Sewbots’, secured $20 million in Series B1 funding led by Danish fashion group Bestseller via its Invest FWD platform.
The investment will accelerate T-shirt sewing tech completion, scale production, and enhance R&D, supporting on-demand, localised garment manufacturing and addressing industry needs for speed, flexibility, and lower environmental impact.

Experts caution about UK buyers’ stringent compliance and sustainability requirements.
The UK’s proposed CBAM, to be initially applied only to carbon-intensive sectors, when it takes effect from January 1, 2027, is widely expected to bring the textile industry under its purview eventually.
If CBAM impacts Indian exports in the future, India will retain the right to formally take up the issue.

Gildan Activewear will acquire HanesBrands in a $4.4 billion deal, doubling Gildan’s revenues and expanding into iconic innerwear brands.
HanesBrands shareholders will get cash and shares, holding 19.9 per cent post-close.
The merger targets $200 million in cost synergies within three years, with over 20 per cent EPS accretion.
Headquarters will remain in Montreal.