Apparels

The Agreement on Reciprocal Trade grants Cambodian garments, footwear, and travel goods unprecedented access to the US market, making Cambodia the only ASEAN nation to enjoy full tariff-free status.
The deal positions Cambodia as Washington’s most favoured regional partner.
With the tariff advantage offering a gateway to the US, Chinese manufacturers are reportedly investing increasingly in Cambodia.

Sri Lanka’s garment exports rose 6.7 per cent year-on-year to $3.71 billion during January–September 2025, driven by stronger demand from Western markets and stabilising global retail activity.
Textile exports eased slightly, while other manufactured textile articles grew by over 10 per cent.
Imports of clothing and accessories surged 31.3 per cent.

Iconic Fashion India plans significant growth, targeting Rs 1,100 crore revenue in three years. The company will expand its retail footprint by adding 10 lakh sq. ft. of space in tier-1 and tier-2 cities. Diversification into luggage, designer wear, and watches will also drive expansion in the next two years. Enhanced in-store experiences and digital engagement are key strategies.

Puma has shifted from a business partnership to an exclusive licensing agreement with United Legwear Company LLC (ULAC) effective November 1, 2025.
The deal covers Puma-branded socks, underwear, children’s apparel, and accessories in the US and Canada.
The move simplifies Puma’s North American operations, aligns with regional market practices, and strengthens its 25-year partnership with ULAC.

Pearl Global Industries Limited has reported strong performance in H1 FY26, with revenue rising 12.7 per cent YoY to ₹2,541 crore (~$286.9 million), driven by high-value product sales from Vietnam and Indonesia.
Adjusted EBITDA grew 18.4 per cent to ₹236 crore (~$26.6 million), while PAT rose 17 per cent.
The company achieved record shipments, declared dividends, and advanced sustainability initiatives.

Kering has expanded its ESG collaboration efforts in China by signing a second MoU with China Resources Mixc Lifestyle, following a similar July agreement with Swire Properties.
Both aim to support China’s dual carbon goals.
On November 5, 2025, both parties set a target to achieve 100 per cent zero-carbon electricity for Kering brand stores in CR Mixc Lifestyle’s luxury shopping centres by 2030.

Thailand’s apparel exports increased 6.28 per cent to $1.59 billion in January–August 2025, supported by improved global demand and product diversification.
Knitted garments accounted for nearly 65 per cent of total exports, while woven garments also grew.
Innerwear and T-shirts remained top categories.
The growth follows an 8.53 per cent rise in apparel exports in 2024.

Top Form International Limited has reported HK$236.3 million (~$30.4 million) in Q1 FY26 sales, down 25 per cent YoY amid weakened US demand and tariff uncertainties.
The US led sales with 74 per cent. Margins were pressured by lower factory use and product mix.
The group maintained solid liquidity, anticipating near-term challenges from global trade, inflation, and geopolitical tensions.

Baazar Style Retail, backed by Rekha Jhunjhunwala, reported a strong turnaround with Q2FY26 net profit of Rs 51 crore versus a Rs 9 crore loss last year, driven by 71% YoY revenue growth to Rs 532 crore. Jhunjhunwala held 3.39% stake in the company as on September 30, 2025 and the value of her holding stands at Rs 83 crore.

Switzerland’s apparel imports rose 7.1 per cent to $6.564 billion in January–September 2025, with China retaining a 28.98 per cent share.
China had earlier peaked at 32.99 per cent during 2020, when imports surged to $2,476.099 million due to pandemic-driven sourcing dependence.
However, diversification and rising costs have prevented a return to that level.