Apparels

Fugitive diamond trader Mehul Choksi has challenged before Belgium’s Supreme Court an October 17 ruling by the Antwerp Court of Appeal that had upheld India’s request for his extradition, calling it “enforceable”, officials said on Monday. In response to queries sent by PTI, the public prosecutor at the Court of Appeal in Antwerp said Choksi filed an appeal in the Court of Cassation on October 30.

Arvind Fashions Limited saw a significant profit jump of 27 percent in the September quarter. Revenue also grew, driven by strong online sales and direct customer channels. The company’s focus on its brands and expanding retail presence is paying off. Improved operating efficiencies contributed to higher profits.

India’s gem and jewellery sector is targeting $100 billion in exports by 2047. The Gem & Jewellery Export Promotion Council presented policy reforms to Prime Minister Narendra Modi. These include affordable credit, customs modernisation, and a National Gem & Jewellery Park Policy.

Turkiye’s apparel exports fell 6.93 per cent YoY to $12.3 billion in January–September, reflecting weak global demand and strong competition from South Asia.
Woven apparel exports saw a sharper drop than knitwear due to higher production costs and retailer destocking.
Imports of non-knitted apparel rose 19 per cent, suggesting Turkish firms’ growing reliance on re-export models amid cost pressures.

Activewear brand TechnoSport has launched on Myntra’s M-Now hyperlocal delivery service to enhance distribution and meet urban demand for quick delivery. Initially available in Bengaluru, the brand plans to expand to other major cities, offering affordable styles to capitalize on impulse purchases and the growing quick commerce trend in activewear.

Kraus Jeans is embarking on an aggressive expansion, focusing on company-owned stores to boost its direct retail presence. The brand aims to become a complete casualwear label for women. This strategy is already showing profitability. Further expansion into tier 2 and tier 3 cities is planned, supported by an equity investment. International growth in the GCC region is also underway.

South Korea’s apparel imports declined 1.04 per cent to $9.09 billion in January–September 2025, reflecting weak retail demand and slower consumer spending.
Knitted apparel imports rose marginally, while non-knitted categories fell.
Textile exports of man-made filaments and knitted fabrics dropped, as producers faced rising costs and competition from China and Vietnam.

Occasion-led jewellery brand Goyaz has secured Rs 130 crore in its Series A funding round, led by Norwest. This marks the company’s first institutional investment. The funds will be utilized to expand its retail network, enhance design and manufacturing, and bolster omnichannel operations, aiming to make premium craftsmanship accessible.

This diversification, driven by rising demand across Asia, Europe, and West Asia, reduces reliance on the US and signals a strategic pivot towards multi-market resilience.

Lenskart’s initial public offering saw full subscription on its first day. Both institutional and retail investors showed strong interest. The issue was subscribed 1.12 times by Friday’s close. Institutional buyers led the demand, subscribing 1.42 times their reserved portion. This investor enthusiasm comes despite concerns about Lenskart’s IPO valuation.