Apparels

Globally, gold prices rose above $3,220 per ounce on Monday, bouncing back from last week’s sharpest drop in six months. The rebound was driven by renewed safe-haven demand following Moody’s downgrade, which highlighted fiscal imbalances and increasing debt costs.

India has curbed imports of RMG and other goods from Bangladesh through land ports, especially those in Meghalaya, Assam, Tripura and Mizoram, as well as through Phulbari and Changrabandha in West Bengal.
Starting May 17, it has limited the entry of Bangladesh RMG products to only Kolkata and Nhava Sheva seaports.
Import of cotton and cotton yarn waste shall also not be allowed via any land port.

India bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generate over ₹1,000 crore for Indian businesses. Some branded garments might face supply issues, potentially raising prices slightly. The industry anticipates reduced backdoor entry of Chinese fabrics. Supply chains will likely experience short-term disruptions.

Kenya’s second-hand clothing trade and its domestic apparel manufacturing can coexist and complement each other, according to a study by the Institute of Economic Affairs Kenya and the Mitumba Consortium Association of Kenya.
The two sectors serve different markets.
While Kenyan households buy both new and used clothes, as incomes rise, the consumption of used clothes drops, the study revealed.

UK’s clothing imports rose by 11.99 per cent year-on-year to £1.419 billion (~$1.883 billion) in March 2025 and by 9.91 per cent from February 2025.
First-quarter imports increased by 10.28 per cent to £4.075 billion.
However, full-year 2024 imports fell by 7.06 per cent to £14.612 billion.
Textile fabric and fibre imports also showed mixed trends across the months and quarters, according to the ONS.

Gold prices face downward pressure, falling from recent peaks. Analysts cite cooled rate cut expectations and easing trade war fears. A key support level is being tested. Some experts suggest potential buying opportunities at lower levels. Long-term fundamentals are considered intact. Investors should watch global economic developments.

Arvind Fashions Ltd reported a strong Q4 and FY25, with net profit rising 8% and 71% respectively, driven by higher full-price sales and efficient operations. Revenue also saw healthy growth, supported by like-to-like sales and online performance. The company’s ROCE crossed 20%, and the board recommended a dividend, signaling continued financial strength and strategic execution.

Sri Lanka’s garment exports rose by 12 per cent year-on-year to $1,283.5 million in January–March 2025, supported by moderate growth in textile exports.
Combined textile and garment exports contributed over half of the country’s industrial exports.
Imports of textiles and clothing also surged during the period.
In 2024, garment exports grew by 4.9 per cent to $4,660.1 million.

Twelve years after Rana Plaza, Bangladesh’s garment industry has transformed into a global leader in ethical, sustainable manufacturing.
A new CMPI report highlights progress in safety, labour rights, and green innovation, with 240 LEED-certified factories.
It urges global stakeholders to recognise Bangladesh not as a cautionary tale, but as a model for resilient, responsible apparel production.

Puma has named Dominique Gathier as VP of its Teamsport unit.
A 19-year Puma veteran, he replaces Matthias Bäumer and will report to chief product officer Maria Valdes. Gathier previously led product lines for FUTURE, ULTRA, and KING football boots.
He will now oversee product strategy and partnerships across football and other key sports.