Apparels

$180 bn apparel glut deepens as Asian mills sit on unsold stock

Asia’s textile sector is facing a hidden inventory crisis, with mills operating below capacity and stockpiles rising across yarn, fabric, and finished goods.
Weak global demand and continued production are creating a structural imbalance, locking up working capital and pressuring margins.
Freight delays and higher costs are further slowing inventory movement, extending liquidity stress.

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Solitario enters Maldives; plans 15+ SIS and 2 EBOs

Solitario, a sustainable luxury jewellery brand, is now in the Maldives. This marks its eighth international market. The brand is partnering with Essence Retail to offer lab-grown diamond collections. Solitario will open shop-in-shops at luxury resorts. A flagship boutique is planned at Marina CROSSROADS. Further expansion includes more shop-in-shops and a second flagship store.

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RMG sector may face headwinds in next quarters: Bangladesh Bank

Bangladesh’s RMG exports performance in the next few quarters will depend on the pace of economic recovery in major buying nations, stabilisation of global supply chains and the sector’s ability to diversify products and markets, the central bank noted.
Foreseeing a ‘cautiously moderate’ near-term outlook for the sector, it projected external demand uncertainty and emerging opportunities in key markets.

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