Apparels

Nigeria’s Ogun state government and a Dubai-headquartered company, have decided to start work on a $2-billion garment unit, the biggest such factory in Africa.
The team is preparing for the ground-breaking ceremony of the project in September this year.
With a capacity to produce about 350,000 tonnes of garments per year, the factory would employ between 120,000 to 150,000 direct and indirect workers.

Arvind Fashions Ltd faced a setback in Q1, with standalone net losses widening to Rs 22.9 crore due to a 13.5% revenue decline. However, consolidated net profit surged to Rs 13 crore, driven by a 16% revenue increase to Rs 1,107 crore. The company’s online channel experienced robust growth, contributing 15% to the total revenue.

Lenskart Solutions Pvt., supported by SoftBank Group Corp., is preparing to file for an initial public offering (IPO) of approximately $1 billion as early as this week. The eyewear retailer is finalizing its valuation and will submit its draft red herring prospects with the market regulator.

South Korea’s apparel imports stayed nearly flat at $5.527 billion in January–June 2025.
Imports of knitted garments rose 3.11 per cent, while non-knitted items fell 2.37 per cent.
June 2025 imports were up 4.88 per cent year-on-year.
Exports of man-made filaments and knitted fabrics declined over the same period.
In 2024, annual apparel imports rose 3.12 per cent to $12.366 billion.

TechnoSport has partnered with the Government of Odisha to establish a Rs 100 crore activewear manufacturing facility, aiming to generate over 1,000 jobs. This expansion is fueled by Odisha’s skilled workforce and supportive industrial environment. The project anticipates significant economic impact, including substantial exports and domestic revenue generation, contributing to the growth of India’s activewear sector.

Bangladesh’s apparel industry will find it tough to absorb even a 5-per cent additional tariff on the FOB price as it comes at a time of global economic uncertainty, soaring interest rates and rising energy costs, a think tank study revealed.
The impact will be especially severe for SMEs.
The think tank criticised Dhaka for not contesting the non-disclosure clause in the US-proposed tariff framework.

Record second quarter for Levi Strauss spurs optimism.
Denim leader raises its 2025 revenue expectations, despite new tariffs.
Diversification strategies see business with China greatly diminished.
With rising duties, brands face cost hikes, supply chain shifts, or passing prices onto consumers.
US apparel imports from China hit a 22-year low in May 2025.

According to the agreement, 99 per cent of Indian exports to the UK— encompassing over 1,143 crucial textile and clothing items—will now enjoy zero-duty access.
Stakeholders confident the deal between the world’s sixth- and fifth-largest economies will significantly benefit the Indian textile and apparel sector.
The zero-duty regime is expected to take at least a year to come into effect.

Multiples Equity is leading a group of investors. They want to buy a big part of VIP Industries. This deal needs permission from the Competition Commission of India. Dilip Piramal’s family is selling their shares. The sale could be up to 32%. This move will also trigger an open offer. The consortium will acquire 26% share from the open market.

Lenskart’s shareholders have given the green light for an IPO, aiming to raise ₹2,150 crore ($250 million) as part of a larger $1 billion issue. The company is expected to file its DRHP with Sebi soon, joining a wave of new-age firms entering the public markets in 2025.