Apparels

Puma partners with Finnish innovator Spinnova to develop proof-of-concept products using wood-based Spinnova fibre for future Sportstyle collections.
Through a multi-year agreement with Spinnova’s Woodspin Oy, Puma secures fibre volumes, advancing sustainable material innovation.
This collaboration builds on Puma’s efforts, including its RE:FIBRE recycling programme, to promote eco-friendly textiles.

Hugo Boss has launched Eightyards, an independent corporation focused on recycling and reusing surplus materials, supporting the brand’s commitment to sustainable production.
Led by Marketa Miltenberger and Placido Klitzke, Eightyards begins operations in January 2025, aiming to become a key player in repurposing materials, such as fabrics, across industries beyond fashion.

Zalando agreed to acquire About You for €1.1 billion. The deal will create a large European e-commerce platform. Zalando will pay €6.50 per share, a premium over About You’s recent stock price. The deal is backed by About You’s board and major shareholder Otto. The combined company targets a 10-13% profit margin in the long term.

The brand, which started its journey in 1961 in Paris runs 140 standalone boutiques and has a presence across 1,000 point-of-sales spanning over 30 countries, offering 300 SKUs globally.

Readymade garment (RMG) industry workers in Bangladesh will receive a 9-per cent hike in wages, the country’s labour and employment adviser M Sakhawat Hussain announced yesterday.
The increment will be effective from December 1 this year and will reflect in January.
Hussain said the increment will be effective until the government or the Minimum Wage Board announces a new minimum wage.

The LYCRA Company has unveiled its legwear trend forecast for 2025-2026, inspired by four personas reflecting diverse consumer lifestyles.
The collection blends innovation, comfort, and sustainability, focusing on functionality and design that resonate with personal identity.
Collaborating with Stijlinstituut Amsterdam, LYCRA aims to redefine legwear with style and durability.

Duluth Holdings Inc has reported net sales of $127.1 million in Q3 FY24, down 8.1 per cent YoY, with a gross margin of 52.3 per cent.
Net loss widened to $28.5 million.
DTC sales dropped 8.3 per cent, and retail sales fell 7.8 per cent.
For 9M FY24, net sales were $385.4 million, with a net loss of $40.1 million.
FY24 outlook projects $640 million in net sales and a gross margin drop of 125 bps.

The public issue is aimed at giving a partial exit to Kedaara Capital, which will dilute the private equity promoter’s stake to 76 per cent from 96.5 per cent. Since it is an OFS, the company will not get any proceeds from the share sale.

Two-fifths of Bangladesh’s garment businesses are grappling with delays in opening letters of credit due to a shortage of US dollars, a Bangladesh Institute of Development Studies survey revealed.
Such businesses are also struggling with customs-related issues, high bank charges and delayed payments from buyers.
Forty-six per cent of the respondents recommended lowering bank transaction costs.

Trident Group plans to invest Rs 3,000 crore in Madhya Pradesh to expand its textile operations, creating 3,000 new jobs, according to Chairman Rajinder Gupta. The company, which has already invested Rs 5,000 crore in the state, currently exports finished products to 122 countries. The new investment will raise employment at Trident from 12,000 to over 15,000, with half of the new jobs reserved for women.