Apparels

US tariffs are hitting India’s carpet makers hard. The industry fears collapse if tariffs continue. New Delhi is exploring solutions, but local exporters say it will take time. This impacts peak export seasons and winter orders.

Though Bangladesh has met all three essential UN criteria for graduation from the LDC status, maintaining economic momentum and competitiveness after that needs significant internal restructuring, the ICCB has said.
An editorial in its latest newsletter said unless productivity improves and the country diversifies into new markets and higher-value apparel categories, the RMG industry’s edge may weaken.

The UK’s clothing imports showed a strong recovery in August 2025, reflecting revived consumer demand and improved retail conditions after two years of contraction.
While textile fabric imports remained stable, fibre imports declined due to sourcing shifts and cost pressures.
The rebound highlights a strengthening apparel trade as inflationary concerns ease.

Lab-grown diamonds are losing their shine. Oversupply has caused prices to crash, impacting consumer trust. Experts believe the lab-grown bubble has burst. Consumers are returning to natural diamonds. Diamond-producing nations are pooling resources for a collective marketing fund to promote natural stones.

Adidas brand showed strong performance in Q3 with a 12 per cent currency-neutral revenue growth, reaching record quarterly revenue of €6.63 billion (~$7.69 billion).
The brand’s growth was broad-based across markets, product divisions, and channels, driving improved profitability and a raised full-year operating profit outlook of around €2.0 billion (~$2.32 billion).

Hop Lun has signed definitive agreements to acquire Morocco-based Tobago and Chantelle Group’s Famaco and Atma facilities, adding about 800 employees and a combined output of 2.4 million pieces annually.
The acquisitions, expected to close in Q4 2025, will create a new manufacturing platform in Morocco and mark Hop Lun’s fourth and fifth deals since Platinum Equity’s 2022 takeover.

Lifestyle India is targeting sustained double-digit growth by expanding into tier-II cities, accelerating its digital channel to reach 10% of sales, and increasing domestic sourcing. The retailer is also focusing on its fashion core, with a revamped store format and resilient demand in premium segments, expecting continued strong performance over the next three years.

On Thursday, gold prices slipped slightly, influenced by a strengthening dollar that has made the precious metal less appealing. Investors are looking closely to the upcoming U.S. inflation statistics, which promise to shed light on potential shifts in interest rates. Despite the dip, there were glimmers of hope in gold futures, suggesting a possible rally ahead.

India is emerging as a significant player in the global luxury goods market, projected to reach $12.1 billion this year with a remarkable 74% CAGR. This growth is driven by an increasing number of wealthy individuals and a shift towards experience-driven engagement, with premium cars and experiential luxury leading the way.

A Belgian court has cleared the extradition of Mehul Choksi to India. The court found no serious risk of torture or unfair treatment for the fugitive diamantaire. Choksi’s claims of political persecution and past mistreatment were dismissed. This ruling is a significant win for India’s efforts to bring Choksi to justice for a massive bank fraud.