Apparels

Timex Group India has received a copy of revised notice of OFS from its promoter Timex Group Luxury Watches BV, Netherlands, dated June 24, 2025, according to a regulatory filing.

China’s share in Japan’s apparel imports dropped to 46.88 per cent in January–April 2025, down from over 55 per cent in 2022.
Despite remaining the top supplier, China faces growing competition, particularly from Vietnam, which held an 18.60 per cent share.
While Japan’s total apparel imports rose 8.93 per cent, China’s slower growth of 5.39 per cent led to a declining market share.

Bangladesh’s RMG exports to the EU rose to $8.07 billion during January-April 20-25 from $6.51 billion during the same period last year.
China’s apparel exports to the EU during the period reached $8.39 billion—up from $6.90 billion in the same period in 2024.
Turkiye saw a 5.41 per cent YoY decrease in apparel exports to the EU during the period, while Vietnam recorded a 15.62 per cent YoY growth.

France’s new law targets ultra-fast fashion giants Shein and Temu with eco-taxes, ad bans, and package levies, aiming to curb environmental damage and unethical labour practices.
By distinguishing ‘ultra’ from conventional fast fashion, France shields domestic firms while testing bold regulation.
The outcome could reshape global fashion governance.

India’s gold import dynamics saw a shift in FY2025 following a sharp reduction in import duty from 15% to 6%, effective July 24, 2024. According to a report released by ICRA, official gold bullion imports rose by 8% during the year despite flat overall demand at 782 tonnes, compared to 774 tonnes in FY2024. This suggests a decline in unofficial gold inflows.

Adidas has announced Vijay Chauhan as the new general manager for its India operations, effective August 1, 2025. Chauhan, returning to Adidas after a stint at American Eagle Outfitters, succeeds Neelendra Singh, who is stepping down after two decades. Singh is credited with significantly boosting Adidas’s brand presence in India, particularly in cricket.

Malabar Gold & Diamonds has inaugurated its 400th showroom in Noida, Uttar Pradesh, signaling a major step in its expansion strategy. The company, with a current turnover of Rs 63,000 crore, aims to increase revenue to Rs 78,000 crore by opening 60 new stores by March 2026.

Aditya Birla Lifestyle Brands (ABLBL) plans to invest Rs 300 crore annually to double its revenue in the next five years, aiming to build billion-dollar brands. The company, demerged from Aditya Birla Fashion and Retail, targets a three-fold jump in profitability, driven by brands like Peter England and Van Heusen.

Fibre-to-fibre recycling expected to become a $30 billion global industry by 2030.
New alliance proposes mandatory recycled content to be included in all new apparel traded in the EU.
London-based consultancy recommends imposing fees of €250–330 per ton on polyester-rich fabrics.
European Commission is committed to tackling the EU’s textile waste problem with supportive legislation.

Despite high prices and subdued jewellery demand, a gold demand recovery is expected with the upcoming festive season. Investment demand remains strong, supported by sustained investor interest in physical gold and gold-linked products. India’s gold reserves have reached a record high, comprising a significant portion of foreign exchange reserves, even as imports decline.