Apparels

EUME, a premium travel luggage brand, has secured Rs 25 crore in Series A funding led by Ashish Kacholia. The investment will fuel retail expansion with new flagship stores in Bengaluru, Mumbai, and Hyderabad. EUME plans to double its product range and strengthen its team, marketing, and working capital.

Bangladesh’s leather exports have dropped by over 64 per cent in the last decade, primarily due to non-completion of the central effluent treatment plant at the Savar Tannery Estate—a key requirement for obtaining global environmental certifications.
Trade body LFMEAB called for immediate action, including appointing an accredited operator for CETP and offering green financing.

The US retail market is witnessing a silver revolution, as robust sales figures emerge from a recent survey. High profit margins in silver jewellery are attracting the attention of Indian exporters, positioning them to capitalize on this trend. In 2024, retailers are celebrating increased sales and a boost in inventory.

Bengaluru-based quick-commerce fashion startup Slikk has secured $10 million in Series A funding led by Nexus Venture Partners, with Lightspeed also participating. The company plans to utilize the funds to broaden its offerings into beauty, personal care, accessories, and footwear.

Aditya Birla Fashion and Retail (ABFRL) plans a ₹500 crore capital expenditure in 2025-26, aiming to turnaround loss-making ventures like TCNS Clothing and TMRW. With recent fundraising, ABFRL intends to triple in scale and double profitability in five years, despite current subdued retail sales growth. Excluding TMRW, the group anticipates being EBITDA positive next year.

India’s leather and leather goods exports rose marginally by 1.86 per cent to $4.36 billion in FY 2024–25, recovering slightly from a 9.89 per cent decline the previous year.
March 2025 exports grew 7.75 per cent month on month.
The US, Germany and the UK were the top markets, accounting for over 42 per cent of total shipments.
Other key destinations included Italy, Spain, France and China.

Citykart secured Rs 538 crore in funding from TPG NewQuest and A91 Partners valuing the company at approximately Rs 1,400 crore. Citykart will use Rs 120 crore from the proceeds to expand beyond Uttar Pradesh and Bihar. Investcorp fully exited, while India SME Investments reduced its stake. The company plans to open 40–50 new stores annually.

According to an analysis of the global markets, family offices allocate just one per cent of their portfolios to gold and precious metals, putting it on equal footing with niche assets like art, antiques, and infrastructure, and far behind more favoured categories such as private equity, real estate, and even cash.

Titan Co is in advanced discussions to acquire a 72% stake in Damas International, a prominent Gulf jewellery retailer, for approximately Rs 2,500 crore. The Tata group company has commenced due diligence, with the remaining stake held by Mannai Corp. The deal, expected to be finalized in the second quarter of FY26, aims to replicate Titan’s successful CaratLane acquisition model.

Japan’s apparel imports from Bangladesh surged 17.22 per cent year-on-year to $388.008 million in Q1 2025.
Men’s wear led with a 41.06 per cent share. Bangladesh’s market share rose to 6.47 per cent, maintaining its fourth rank.
Cotton garments made up over two-thirds of imports.
Trousers and T-shirts were top items.
Japan’s total apparel imports reached $5.996 billion in the same period.