Apparels

On Wednesday, the Department of Chemicals & Petrochemicals, under the Ministry of Chemicals and Fertilizers, issued a notification rescinding 14 Quality Control Orders (QCOs). Out of these, seven QCOs are on fibre intermediates affecting the textile value chain.

DoorDash and Old Navy have teamed up to offer on-demand delivery of apparel nationwide, just in time for the holidays.
Shoppers can now order Old Navy favourites—like denim, activewear and Jingle Jammies—through the DoorDash app.
The partnership expands Old Navy’s omnichannel reach while giving DoorDash’s 50 million+ monthly users faster, easier access to last-minute gifts and everyday essentials.

Under Armour has expanded its FY25 restructuring plan, raising total expected charges to up to $255 million and increasing its FY26 adjusted operating income outlook to $95–110 million.
The measures include separating the Curry Brand and asset impairments.
The company had already incurred $147 million by September 2025 and now expects a FY26 GAAP operating loss of $56–71 million.

Swiss sportswear company On Holdings has posted strong Q3 and 9M results, with Q3 net sales up 24.9 per cent to CHF 794.4 million (~$1 billion) and sharp gains across DTC, wholesale, and all regions.
Profitability improved, with gross margin at 65.7 per cent and net income up nearly threefold.
For 9M 2025, sales rose 32.6 per cent, supported by strong growth in footwear, apparel, and accessories.

Vishal Fabrics Limited has reported strong Q2 FY26 results, with total income rising 12.6 per cent to ₹433.31 crore and PAT surging 64.6 per cent to ₹10.7 crore (~$1.21 million).
H1 FY26 income reached ₹830.5 crore (~$93.66 million) and PAT ₹19.86 crore (~$2.24 million), both showing robust YoY growth.
CFO highlighted gains from an improved product mix, and operational efficiency.

Under Armour and Stephen Curry will separate Curry Brand, concluding their decade-long partnership.
Curry Brand becomes independent as Under Armour refocuses on its core label and releases the final Curry Brand x UA shoe in February 2026.
Both praised the partnership’s impact on youth sports, community work, and performance innovation, with Curry signalling ambitious future growth.

AAFA has welcomed new frameworks for reciprocal trade agreements with El Salvador and Guatemala, saying they support US workers, strengthen Central American export markets, reduce consumer costs, and boost integrated supply chains.
The frameworks include removing reciprocal tariffs on CAFTA-DR–qualifying textile and apparel products.

India’s textile exports showed strong growth in the first half of the financial year. Shipments to 111 countries increased by 10 percent. This performance highlights the sector’s resilience. Key markets like the UAE and Japan saw significant gains. Ready-Made Garments and Jute sectors were major contributors. This expansion supports government initiatives for export diversification.

Shraddha Kapoor’s jewellery brand Palmonas is in discussions to raise Rs 200-250 crore from mid-market private equity firm Xponentia Capital. The round is expected to value Palmonas around Rs 1,600-1,800 crore, up by more than three times from the last round, one of the persons said. The company had raised Rs 55 crore from Vertex Ventures earlier this year at a valuation of Rs 500-550 crore.

Indian sports shoe brands are creating unique designs with Indian elements. These brands target young consumers with stylish and comfortable footwear. Many are seeing repeat purchases and attracting investor interest. Companies are expanding manufacturing and offline presence. The sports shoe market in India is growing significantly.