Apparels

De Beers is collaborating with the Indian government to eliminate tariffs on diamonds entering the U.S. after being processed in India, aiming for a deal before July 9. CEO Al Cook emphasizes India’s vital role in diamond exports and the growing domestic demand, projecting the Indian natural diamond market to double by 2030, driven by unique value proposition.

India’s new port restrictions on select imports from Bangladesh, including garments, threaten to disrupt bilateral textile trade worth $2.5 billion.
With 76 per cent of Bangladeshi RMG exports routed via Petrapole land port, rerouting to only Kolkata and Nhava Sheva seaports raises transit costs, delays and supply chain risks.
The move could strain diplomatic ties and open trade opportunities for others.

Vishal Fabrics has reported a 13 per cent rise in net profit to ₹23.84 crore (~$2.79 million) in FY25, with total income up 5 per cent to ₹1,521.43 crore (~$178.27 million).
Despite global headwinds, the company credited its focus on efficiency and quality for the strong performance.
It continues to expand in domestic and international markets through sustainable innovation and digital transformation.

Rhea Chakraborty and Showik Chakraborty are expanding their streetwear brand, ‘Chapter 2,’ with plans to launch 10-15 outlets in the next year, focusing on non-metro cities like Jaipur and Bhopal. Following the opening of their first retail store in Mumbai, the brand aims to create experience centers with coffee corners and DIY sections.

Gokaldas Exports has reported its highest-ever income of ₹3,917 crore (~$458.77 million) in FY25, up 63 per cent YoY, with strong growth in PBT, PAT, and EBITDA.
Q4 FY25 income rose 27 per cent YoY to ₹1,035 crore.
Margin improvements were driven by productivity and cost efficiency.
The company sees FY26 as challenging due to US tariffs but is optimistic about opportunities from the India-UK FTA.

Adidas has officially ended its use of kangaroo leather, following sustained advocacy by the Centre for a Humane Economy.
CEO Bjørn Gulden confirmed the decision, marking a major step for animal welfare.
The move follows years of global campaigning, with kangaroo kills in Australia dropping from 2 million to 1.3 million.
Advocates call it a milestone in ethical sourcing and corporate responsibility.

Nike on Wednesday said it would raise prices next week, charging up to $10 more for shoes currently costing more than $150, while keeping prices stable for products under $100. It is the biggest sportswear company by sales and market cap.

French shoppers could face higher costs on Shein purchases due to European Union’s proposed €2 handling fee on low-cost imports and a French bill penalising fast fashion. Shein warns prices may rise by €12 by 2030. The measures aim to address environmental impact and curb customs exemptions for cheap goods.

Canada Goose Inc has reported FY25 revenue of $1.35 billion, up 1.1 per cent YoY, with DTC sales rising 5.1 per cent and wholesale down 16.5 per cent.
Net income rose to $94.8 million, and gross margin improved to 69.9 per cent.
In Q4, revenue climbed 7.4 per cent to $384.6 million, with net income at $27.1 million.
CEO Dani Reiss highlighted strong retail execution and momentum heading into FY26.

India has become a key market for natural diamonds, surpassing China. De Beers focuses on India due to the growing preference for natural diamonds over lab-grown ones. The Indian market is expected to double by 2030. De Beers plans increased marketing investments and partnerships in India. While the US market leans towards lab-grown diamonds, India values natural diamonds as heirlooms.