Apparels

Lalithaa Jewellery Mart, a Chennai-based company, plans to raise Rs 1,700 crore through an IPO. The IPO includes a fresh issue and an offer-for-sale. Funds will support new store openings. The company has 56 stores across South India. It focuses on gold jewellery and offers customer schemes. Revenue increased significantly in Financial Year 2024.

Hennes & Mauritz, a popular fashion brand, might soon become a private entity. The Persson family, founders of H&M, are buying more shares. They now control a large portion of the company. This has led to speculation about taking H&M private. Despite family denials, experts believe a buyout could happen soon.

The Gurugram-based omnichannel eyewear brand Lenskart closed a $200 million secondary round in June 2024 at a $5 billion valuation. Singapore’s sovereign fund Temasek and US financial services giant Fidelity had participated in the round. The company is expecting a 10 billion valuation for its IPO, double it last funding round.

Sri Lanka’s garment exports rose 12.6 per cent year-on-year to $1.62 billion during January–April 2025.
Textile exports eased slightly, while exports of other textile articles grew modestly.
Combined textile-related exports accounted for over half of all industrial exports.
Imports of textiles and clothing also rose during the same period.
In 2024, garment exports grew 4.9 per cent.

Kyrgyz garment firms transferred $8,335 in taxes to the budget in January-April 2025.
The industry has seen a steady tax revenue growth.
The sector’s tax deductions rose 1.5 times in 2024 over the preceding year and hit $19,972.5.
Tax authorities say this growth is facilitated by government support measures, including tax breaks and a simplified tax regime for entrepreneurs working in the sector.

G-III Apparel Group has reaffirmed its FY26 net sales outlook at $3.14 billion but withdrawn earnings guidance due to tariff-related uncertainty, which may add $135 million in costs.
Q1 FY26 sales dipped 4 per cent, but net income rose to $7.8 million.
Q2 sales are projected to decline year-on-year.
The company cut debt by 96 per cent and repurchased $19.7 million in shares.

Australia’s apparel and textile imports rose in the first ten months of FY25, with apparel and clothing accessories increasing by 7.38 per cent and textile yarn and fabrics by 5.89 per cent.
Fibre imports declined. In April 2025, monthly imports also grew.
However, textile fibre exports dropped by 13.56 per cent year-on-year.
Australia remains a major cotton exporter despite declining export values.

De Beers, currently being divested from Anglo American, has attracted interest from multiple consortia, including billionaire Anil Agarwal, Indian diamond firms like KGK Group and Kapu Gems, and Qatari investment funds. This move occurs amidst challenging global diamond prices as Anglo American shifts its focus to copper and iron ore.

Guess’s FY26 revenue is projected to grow 5.5–7.4 per cent.
It has reported a Q1 FY26 net loss of $32.9 million, impacted by derivative losses and rising costs, despite a 9 per cent revenue rise to $647.8 million.
Adjusted loss rose 61 per cent year-on-year.
Retail sales fell in key regions, while Americas Wholesale surged.
The company also completed its Rag & Bone acquisition.

Torrid has reported a 4.9 per cent YoY decline in Q1 FY25 net sales to $266 million, with net income halved to $5.9 million.
Gross margin fell to 38.1 per cent and operating cash flow turned negative at $18 million.
The company plans up to 180 store closures and expects a $40–$45 million revenue hit from pausing China-sourced shoes, but no EBITDA impact.