Apparels

Ivana Jewels, a lab-grown diamond startup, is expecting a significant revenue growth in this fiscal, touching Rs 60 crore in revenue. The company plans to expand its physical presence with new stores across key cities. A hybrid franchise model will support this expansion. Ivana recently raised Rs 2 crore in seed funding.

Prada’s net revenues rose to 1.34 billion euros, the group said on Wednesday, while a Visible Alpha consensus expected them to increase to 1.33 billion euros.

In Q1 2025, global gold demand saw a slight increase, driven by revived ETF investments and strong bar and coin demand, particularly in China. Central banks continued net-buying, while jewellery demand was impacted by record-high prices. Despite a turbulent economic landscape, gold’s safe-haven appeal boosted investment, with potential for further growth amid ongoing uncertainty.

Despite record-high gold prices around ₹98,000 per 10 grams, Indian jewelers are optimistic about Akshaya Tritiya sales. Buoyant consumer sentiment, driven by the wedding season and gold’s safe-haven appeal, fuels expectations. Retailers observe a shift towards lightweight and studded jewelry, alongside continued demand for coins and bars.

Kenya’s apparel exports rose by 31.37 per cent to $67.752 million in January-February 2025, defying global trade volatility.
The US remained the dominant market, accounting for nearly 90 per cent of shipments.
Kenya achieved similar annual growth of 31.24 per cent in 2024, reaching $419.736 million.
After a sharp fall in 2023, the country rebounded strongly in 2024, driven by sustained US demand.

India’s luxury retail is booming. Leasing activity is up by ninety percent. Luxury brands are expanding across major cities. Both global and domestic players are vying for market share. High demand is pushing up rentals. More international brands are entering India. The number of high-income households is expected to double by 2030.

Shoppers Stop reported a significant 91.4% drop in consolidated profit for the March quarter, landing at Rs 1.99 crore, despite a slight 1.68% increase in revenue to Rs 1,064 crore. For FY25, net profit also declined by 86% to Rs 10.89 crore, although revenue from operations rose by 7.2% to Rs 4,627.64 crore.

Kalki Fashion secures a significant investment of Rs 225 crore from Lighthouse Funds. The brand plans to use the funds to expand its retail presence. This expansion includes both domestic and international markets. New product development is also a key focus. Kalki Fashion aims to strengthen its position in the premium occasion wear segment.

The Souled Store, a D2C fashion and lifestyle brand, has acquired Redwolf, a pop culture merchandise company, to strengthen its position in the fandom-driven market. Redwolf’s founders will join The Souled Store, bringing strategic and creative expertise.

Adidas is expecting its 2025 operating profit to reach €1.7–1.8 billion (~$1.82–1.93 billion), driven by strong brand momentum, localised strategies, and improved efficiencies.
In Q1 2025, revenue rose 13 per cent YoY to €6.15 billion (~$6.58 billion), led by robust growth across regions, product categories, and channels.
Operating profit surged 82 per cent to €610 million (~$652.7 million).