Apparels

Prada Group has bought fashion house Versace for USD 1.375 billion. This deal brings Versace under the same umbrella as Prada and Miu Miu. The acquisition aims to boost Versace’s performance. Donatella Versace welcomed the move. Lorenzo Bertelli will lead Versace’s next phase. Prada plans to integrate Versace into its Italian manufacturing system.

Puma has opened its largest European flagship on London’s Oxford Street, a 24,000-sq-ft space showcasing NITRO running tech, key football franchises and lifestyle ranges.
The store features customisation zones, digital experiences, archive displays and a London-exclusive collection, with major events planned through 2025–26 as Puma boosts its direct-to-consumer focus.

Global jewellery groups Rosy Blue and Kashikey have jointly invested Rs 1,000 crore to scale QWEEN, an experiential fine jewellery brand that plans to launch its first large-format stores by mid-February 2026. The upcoming stores, spanning 5,000-6,000 sq. ft will operate on a self-discovery format aimed at reducing the high-touch, assisted sales approach typical of traditional jewellery retail.

Sidney Toledano will step down from his operational role at LVMH after over 30 years with Bernard Arnault and will remain special advisor.
Pietro Beccari becomes chairman and CEO of the LVMH Fashion Group while continuing to lead Louis Vuitton.
Damien Bertrand is elevated to the LVMH executive committee.
All changes take effect on January 1, 2026.

Gildan Activewear has completed its previously announced acquisition of HanesBrands, creating a global leader in basic apparel across activewear and innerwear.
Chief executive Glenn J Chamandy said the deal doubles Gildan’s scale and will drive at least $200 million in run-rate cost synergies.
The combined group will review processes and supplier agreements in the coming weeks.

President Droupadi Murmu stated India must expand its footwear business to boost exports. She highlighted significant opportunities in the fast-growing sports and non-leather sectors. The commerce and industry ministry is supporting investments in this area. India’s footwear exports reached over $2.5 billion in FY25.

In India, the company expects margins to improve further as it benefits from scale and increased backward integration, including with its upcoming Hyderabad facility, which will bring more frame manufacturing into the country.

Silver prices surged by ₹10,000 to ₹1.74 lakh per kg, driven by a supply squeeze, a weaker dollar, and anticipated US rate cuts. This rally follows a significant increase over the past year, with investment demand projected to rise. Experts foresee continued supply deficits and further price appreciation for the white metal.

Lenskart shares: Lenskart Solutions shares climbed 4.8% after the eyewear major reported a 20% year-on-year rise in consolidated profit after tax to Rs 102.22 crore for Q2 FY26. Revenue also saw a 20.8% YoY increase to Rs 2,096.14 crore, reinforcing investor confidence post-IPO.

Canada’s suit imports dropped 14.83 per cent to $36.283 million in January–August 2025, reflecting weaker demand driven by hybrid work, fewer formal events and cautious consumer spending.
Volumes and average prices continued falling as retailers shifted to lower-value sourcing.
China and Italy remained the top suppliers, while India gained modest ground.