Apparels

Hermes, now the world’s most valuable luxury group, will offset U.S. tariffs by raising prices for its wealthy American clientele starting May 1. This decision follows a first-quarter sales report that, while better than competitors, slightly missed expectations due to a lull in China.

AAFA backs AB 1362, a proposed California bill aimed at expanding protections for temporary immigrant workers, closing a loophole that exempts them from certain labour laws.
“AB 1362 strengthens California’s leadership in combating trafficking and exploitation…..It promotes fair competition for businesses while addressing the systemic vulnerabilities that unscrupulous recruiters exploit,” it said.

Gold prices in Delhi surged to a record high of Rs 98,100 per 10 grams, driven by safe-haven demand amid escalating US-China trade tensions. Silver also climbed, reaching Rs 99,400 per kg.

Chanel has named Ananya Panday as its first Indian brand ambassador. This move highlights India’s growing importance in the luxury market. Chanel recognizes Panday’s embodiment of evolving tastes and independent identities. Panday sees Chanel as a symbol of personal liberation. She recently attended Chanel’s show in Paris. Panday is also associated with other international brands.

Under Armour has appointed Dawn N Fitzpatrick, Eugene D Smith, and Robert J Sweeney to its board of directors, effective April 15.
Chair Mohamed A El-Erian praised their financial, operational, and sports management expertise.
The updated board now comprises 12 members as the company continues to execute its value-driven growth strategy.

Forever 21’s unsecured creditors, including suppliers and vendors, are facing significant losses under the retailer’s restructuring plan, potentially recovering only 3-6 per cent of their USD 433 million in claims. The creditors’ committee is investigating JCPenney’s acquisition of Forever 21’s parent company, SPARC Group, alleging it prioritized JCPenney’s debt repayment.

Kolkata-based lab-grown diamond jewellery brand Jewelbox plans to use the funds to expand its retail footprint across India, strengthen brand visibility, and hire talent across key functions, cofounder Vidita Kochar Jain, told ET.

Gold prices hit a record high on Wednesday. This surge happened because of a weaker dollar and trade war worries. Concerns about global economic growth also played a role. Investors are now waiting for U.S. retail sales data. This data will provide insights into the economy. ANZ has raised its gold price forecast for the year end.

LVMH, whose high-end brands include Louis Vuitton and Dior, jewellery brand Tiffany & Co. and beauty chain Sephora, missed expectations for first-quarter sales as U.S. shoppers curbed purchases of beauty products and cognac while sales in China remained weak.

Bangladesh’s RMG exports rose by 10.84 per cent to $30.25 billion during July 2024–March 2025, driven by growth in both knitwear and woven garments.
Home textile exports grew 4.94 per cent, while cotton product exports rose 8.70 per cent.
March alone saw RMG exports climb 12.40 per cent year-on-year.
However, cotton exports fell in March.
Revised figures show RMG exports declined in fiscal 2023–24.