Apparels

Malabar Gold & Diamonds invested Rs 600 crore to open 12 new showrooms by month’s end, bringing their total to 391 across 13 countries and 19 Indian states. The expansion will create 400 jobs. By FY25, the total will be 42 new showrooms. They plan to open 60 more globally in 2025, with five new showrooms in April.

Sumit Dhingra has been named the new country director for Bestseller India, taking over from June 1, 2025. With over 20 years of experience in the fashion industry, Dhingra aims to drive growth and strengthen Bestseller’s presence in the Indian market, supported by significant brand-building and retail expansion expertise.

Global secondhand fashion sales reached $227 billion in 2024, accounting for 10% of global apparel spending, with the trend accelerating, particularly in the US. This shift is driven by affordability, changing attitudes, and AI-assisted shopping. Secondhand marketplaces like ThredUp and Poshmark are growing, while brands like Patagonia and Lululemon embrace resale. Sales are projected to exceed $250 billion by 2025.

Brand Concepts Limited is investing Rs 20 crore to introduce Juicy Couture handbags in India, targeting Rs 50 crore in retail revenue within three years. The company plans to expand its retail and online presence, initially launching in Lucknow and other metro cities. They aim for Juicy Couture to contribute significantly to their overall revenue by FY 26.

Yoho plans to invest Rs 4 crore in a new manufacturing unit in Haryana, aiming for a capacity of 2 lakh units per month. The brand will initially produce 30,000 shoes monthly and seeks to expand its presence in both domestic and international markets.

US tariffs on China’s man-made fibre (MMF) jerseys and pullovers (HS 611020) are reshaping trade, with Honduras emerging as the key beneficiary due to its zero per cent tariff and high RCA (54.32).
China’s rising UVR ($13.5/kg) weakens its cost advantage, while Vietnam and Indonesia face pricing challenges.
Honduras’ lower costs and strategic trade access position it as a dominant US supplier.

Nonwoven fabrics market remains dynamic, with Canada, Germany, and Japan leading exports to the US.
Canada dominates in volume, while Germany and Japan excel in high-performance textiles.
Advanced manufacturing, innovation, and trade policies shape the competitive landscape, with evolving tariffs influencing market dynamics and potential shifts in supplier preferences.

Yoho plans to invest Rs 4 crore in a new manufacturing unit in Haryana, aiming for a capacity of 2 lakh units per day. The brand will initially produce 30,000 shoes daily and seeks to expand its presence in both domestic and international markets.

Suez Canal Economic Zone (SCZone) has signed a land usufruct agreement with Jiangsu Guotai to build a $10 million ready-made garment (RMG) factory in Qantara West, creating 2,000 jobs.
With 80 per cent of production destined for Europe and the US, the region is set to become a major exporter.
SCZone has also launched five new projects.

US tariffs on Chinese cotton T-shirts (HS-610910) are reshaping trade, with Nicaragua, Bangladesh, and Honduras gaining ground.
Nicaragua leads with $620 million exports and tariff-free access, while Bangladesh offers cost-effective options despite a 16.5 per cent tariff.
China’s competitiveness is eroding as tariffs rise to 36.5 per cent, pushing its UVR higher.