Apparels

Joyalukkas has obtained a AED 500 million working capital facility from Emirates NBD to fuel its expansion plans across the UAE and into international markets like the UK, USA, Canada, and Australia. This revolving credit facility will provide the jewellery retailer with flexible access to capital for inventory management and supplier payments, particularly during peak trading periods.

French menswear brand Celio sees leadership changes in its India operations. This follows the departure of CEO Satyen Momaya. Francois Gomez is the new Chief Operating Officer. He will handle business strategy and operations. Nidhi Raj joins as Chief Brand Officer. She will manage product, design, and marketing. Manoj Bathija continues as Head of Sales & Operations.

The India-UK Comprehensive Economic Trade Agreement (CETA) is expected to boost India’s technical textile exports to the UK to $1 billion by 2030, from the current $240 million. The agreement grants 100% duty-free access for Indian exports, giving India a competitive advantage over China. MATEXIL will provide support to help Indian exporters capitalize on the opportunities.

US President Donald Trump today, in a social media post on his Truth Social Account, announced 25 per cent tariffs on India starting August 1.

Gap Inc has appointed Maggie Gauger as global brand president and CEO of Athleta, effective August 1, 2025, succeeding Chris Blakeslee.
Gauger brings over 20 years of leadership experience from Nike, where she led the North America Women’s Business.
Her expertise in sport, style, and consumer engagement will steer Athleta’s next growth phase.

Adidas has posted a strong H1 2025 results, with €12.1 billion (~$14.036 billion) in net sales (up 14 per cent currency-neutral), a 70 per cent rise in operating profit to €1.2 billion (~$1.39 billion), and net income more than doubling to €811 million (~$940.76 million).
Q2 also showed robust growth across regions and categories.
Despite US tariff risks, Adidas maintained its full-year outlook.

Littlebox, a Gen Z-focused fashion startup, has secured Rs 17.5 crore in a seed funding round co-led by Huddle Ventures and Prath Ventures. The company, known for its appearance on Shark Tank India Season 3, intends to use the funds to expand its category offerings, improve logistics and user experience, and scale its marketing efforts.

Rocky Brands’ Q2 2025 net sales rose 7.5 per cent YoY to $105.6 million, led by retail and wholesale growth.
Gross margin improved to 41 per cent.
Net income reached $3.6 million, reversing a loss last year.
Interest expense and debt declined.
CEO Jason Brooks cited strong brand demand and pricing actions, while remaining cautious amid macro uncertainty.

Sri Lanka’s apparel and textiles exports rose 3.71 per cent year-on-year in June 2025 to $463.12 million, with first-half exports reaching $2.6 billion—up 8.19 per cent from 2024.
Apparel alone saw 5.2 per cent monthly and 8.95 per cent half-yearly growth, driven by strong gains in the EU and UK, which offset US declines.
The sector contributed nearly 40 per cent of total merchandise exports.

New Zealand’s apparel imports rose 5.13 per cent YoY to NZ$1.04 billion (~$622 million) in H1 2025, driven by strong growth in knitted clothing.
June imports alone grew 8.87 per cent. Textile fabric imports also rose under Chapter 60, while fabric exports reached NZ$40.76 million in H1.
Full-year 2024 apparel imports were NZ$2.02 billion, with exports of Chapter 60 goods valued at NZ$64.35 million.