Apparels

Titan Company Ltd opened its first exclusive IRTH store in Chennai. The company plans to achieve Rs 1,000 crore revenue by FY2027 from IRTH and Fastrack bags. They aim to open 100 stores nationwide by FY2027. IRTH bags are designed for women, focusing on premium quality at affordable prices. The brand is expanding into South India.

Bangladesh’s ministry of labour and employment has issued a gazette notification regarding the annual hike in the increment of wages for the domestic RMG sector.
The government recommended a rise of 9 per cent in the annual increment of the garment industry by adding another 4 per cent to the existing 5 per cent.
The 5-per cent annual increment determined by the Minimum Wage Board will continue.

Haiti’s garment manufacturing industry, which employed 62,000 workers in December 2021, has lost 64 per cent of its workforce in three years, Georges Sassine, ex-president of the Association of Industries of Haiti has said.
Apart from the security crisis, there is uncertainty regarding the renewal of trade preferences for Haiti under the HOPE/HELP Act.
The agreements will expire in September 2025.

In 2024, Peru’s apparel imports from China during the first three quarters amounted to $387.704 million, a 2.72 per cent decrease from the previous year.
China maintained its position as the largest supplier with a 60.28 per cent market share.
The overall apparel imports to Peru slightly decreased by 0.92 per cent to $643.146 million compared to $649.338 million in 2023.

Mexico has increased textiles and apparel tariffs to 35 per cent (apparel) and 15 per cent (textiles) from December 2024 to April 2026 to counter unfair competition and support its domestic industry.
This move excludes countries with FTAs, like US and Canada.
While intended to protect local producers, the tariff hikes in Mexico may disrupt global trade, particularly for key exporters.

“Indra is designed to harness this momentum by tapping into India’s young population, the rise of organised players, and increasing demand. This initiative reflects a shared vision to educate stakeholders, empower retailers, and boost consumer demand,” Gjepc chairman Vipul Shah said.

Adidas partners with Mercedes-AMG PETRONAS F1 Team in a multi-year deal, marking its entry into Formula 1.
The collaboration will deliver high-performance team kits and fanwear, blending innovation, style, and speed.
With a focus on excellence, this partnership aims to redefine teamwear and engage fans through exclusive lifestyle products and limited-edition drops.

Gildan Activewear has been included in the Dow Jones Sustainability North America Index for the 12th consecutive year, ranking in the 98th percentile of the Textiles, Apparel, and Luxury Goods industry.
As the only apparel manufacturer on the index, Gildan’s commitment to ESG is integral to its long-term strategy, driving sustainable growth and value creation.

The gems and jewellery sector is urging the government for a GST reduction to 1 per cent in the upcoming Budget. With rising gold rates, the industry is finding the current GST rate burdensome. The proposed reduction would make jewellery more affordable, encourage compliance, and increase the formal economy size.

Indian diamond trade’s promotion of natural diamonds in China, in collaboration with Chow Tai Fook and De Beers, has not boosted sales. Diamond consumption has dropped since the COVID-19 pandemic. The spread of the HMPV virus adds to the uncertainty. Experts are hopeful for improved demand in the second half of 2025.