Apparels

Prada has acquired a 10% stake in Italian leather group Rino Mastrotto, signaling its intent to tighten control over its production chain. As part of the deal, Prada will contribute its Conceria Superior and Tannerie Limoges tanneries, along with an unspecified cash investment, to Rino Mastrotto.

The push towards rapid delivery began with quick commerce platforms like Zepto, Swiggy Instamart and Blinkit expanding the categories of products they deliver. These platforms, which were initially focusing on grocery delivery, partnered with brands like Jockey, Manyavar, Puma and Adidas to offer apparel and accessories, although limited to essentials such as innerwear, socks, gym wear, basic tees and track pants.

Bangladesh’s RMG exports rose by 10.20 per cent to $36.56 billion between July 2024 and May 2025.
Knitwear outpaced woven garments in growth, while home textiles also saw modest gains.
Cotton product exports rose marginally during the period but declined sharply in May 2025.
The government revised historical data downward, showing RMG exports fell 5.22 per cent in fiscal 23–24 to $36.15 billion.

True Diamond plans to use the capital to accelerate its omnichannel strategy, with a specific focus on offline growth. It has already opened retail outlets in Mumbai, Hyderabad, and Noida, and intends to expand across metro cities to offer immersive brand experiences.

A bill to regulate the influx of environment-unfriendly, low-quality clothes into France, primarily from China, was recently debated by the country’s Senate.
The National Assembly adopted a version of the ‘fast fashion’ bill in March 2024, but a Senate commission sought changes to better target Chinese brands.
The bill will introduce sanctions on firms based on their clothes’ environmental impact.

Nike, Inc has named Michael Gonda as EVP and chief communications officer, effective July 7, 2025.
Reporting to CEO Elliott Hill, he will lead global communications, brand reputation, and employee engagement.
Gonda previously held senior roles at McDonald’s, Chobani, and Weber Shandwick, and is known for purpose-driven leadership and impactful storytelling.

Adidas has launched the RS15 Avaglide, the first-ever women’s specific rugby boot, designed to meet female athletes’ unique foot structures and performance needs.
Developed using extensive research and player feedback, it features a narrower heel, broader forefoot fit, and enhanced arch support.
The boot debuts this summer, worn by top global rugby stars.

Gold prices may have peaked and could fall by 12–15% in dollar terms over the next two months, according to Quant Mutual Fund, though they remain a recommended long-term investment. Retail gold prices in India are around Rs 96,960 per 10 grams, rising to nearly Rs 99,868 including GST. Kavita Chacko from the World Gold Council noted that price stability might revive demand in India, the world’s second-largest gold consumer.

Gold jewellery sales in India plummeted by 30% recently, averaging 1,600 kg, as prices surged nearly 5%. This fall is attributed to rising gold prices, which dampened consumer demand despite an initial boost following Akshaya Tritiya.

The 50-per cent US tariff rate on imports from Lesotho—under suspension now for three months—has started wreaking havoc on the country’s textile exports.
Over 5,000 jobs are hanging in balance, and Lesotho Precious Garments and its subsidiary, Maseru E-Textiles, are preparing to shut down operations.
US buyers have stopped orders, opting to wait for a definitive resolution.