Apparels

The Foreign Investors’ Chamber of Commerce and Industry in Bangladesh fears several tax measures proposed in the budget may disproportionately burden individuals and businesses.
It said the rise in minimum tax from 0.6 per cent to 1 per cent for companies would be a threat to SMEs and loss-making firms.
The VAT hike on online sales from 5 per cent to 15 per cent would hamper the e-commerce sector.

Reliance’s R|Elan launches Earth Tee 7.0, designed by Namrata Joshipura and made from recycled PET bottles collected at Lakmé Fashion Week 2025.
Now available to the public via SankalpTaru Foundation, each purchase funds the planting of three trees.
With eco-friendly packaging and seed-embedded tags, it’s more than fashion—it’s climate action.

PVH Corp’s Q1 FY25 revenue has risen by 2 per cent YoY to $1.984 billion, beating guidance.
Non-GAAP EPS was $2.30, while GAAP EPS stood at $0.88 due to a $480 million impairment.
EMEA and Americas grew; APAC declined.
Tommy Hilfiger rose 3 per cent; Calvin Klein was flat.
FY25 EPS guidance was cut to $10.75–$11.00 due to tariffs; Q2 EPS seen at $1.85–$2.00.

Prada has acquired a 10% stake in Italian leather group Rino Mastrotto, signaling its intent to tighten control over its production chain. As part of the deal, Prada will contribute its Conceria Superior and Tannerie Limoges tanneries, along with an unspecified cash investment, to Rino Mastrotto.

The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants.

Bangladesh’s RMG exports rose by 10.20 per cent to $36.56 billion between July 2024 and May 2025.
Knitwear outpaced woven garments in growth, while home textiles also saw modest gains.
Cotton product exports rose marginally during the period but declined sharply in May 2025.
The government revised historical data downward, showing RMG exports fell 5.22 per cent in fiscal 23–24 to $36.15 billion.

True Diamond plans to use the capital to accelerate its omnichannel strategy, with a specific focus on offline growth. It has already opened retail outlets in Mumbai, Hyderabad, and Noida, and intends to expand across metro cities to offer immersive brand experiences.

A bill to regulate the influx of environment-unfriendly, low-quality clothes into France, primarily from China, was recently debated by the country’s Senate.
The National Assembly adopted a version of the ‘fast fashion’ bill in March 2024, but a Senate commission sought changes to better target Chinese brands.
The bill will introduce sanctions on firms based on their clothes’ environmental impact.

Nike, Inc has named Michael Gonda as EVP and chief communications officer, effective July 7, 2025.
Reporting to CEO Elliott Hill, he will lead global communications, brand reputation, and employee engagement.
Gonda previously held senior roles at McDonald’s, Chobani, and Weber Shandwick, and is known for purpose-driven leadership and impactful storytelling.

Adidas has launched the RS15 Avaglide, the first-ever women’s specific rugby boot, designed to meet female athletes’ unique foot structures and performance needs.
Developed using extensive research and player feedback, it features a narrower heel, broader forefoot fit, and enhanced arch support.
The boot debuts this summer, worn by top global rugby stars.