Apparels

Activewear brand TechnoSport has appointed Achal Sharma as its new chief technology officer. Sharma will spearhead the company’s technology strategy and digital transformation. His role involves overseeing digital platforms, engineering, data science, and product capabilities. This move aims to strengthen TechnoSport’s technology architecture and support its growth. Sharma brings extensive experience in scaling technology teams from previous leadership roles.

Coats Digital announced that Northshore Apparel Ghana Ltd has adopted its full digital suite—GSDCost, FastReactPlan and FastReactFabric—to power Northern Ghana’s first sustainable apparel manufacturing hub.
The solutions will enable precise costing, efficient planning and fabric optimisation, supporting ethical production, zero-waste operations and large-scale job creation in the region.

Surat-based Ajmera Fashion Limited is preparing for a public market debut with a planned SME IPO in FY27. The ethnic apparel company aims to strengthen its brand and expand its franchise network. Ajmera Fashion expects significant revenue and profit growth in the coming years. A pre-IPO private placement is also being explored to value the business.

Bangladesh will keep customs houses operating on a limited scale during the Eid holidays to ensure uninterrupted trade.
Import and export processing will continue from March 17 to March 23, except on Eid day.
The move aims to prevent supply chain disruptions and support smooth cargo clearance and shipments during the extended holiday period.

Textiles Minister Giriraj Singh said that India’s textile sector, one of the largest in the world, has significant potential to lead the global transition towards sustainable and circular production systems.

German fashion giant Hugo Boss has announced a strong annual operating profit for 2025. The company surpassed analyst expectations, showcasing resilience in a tough market. Despite industry-wide challenges, Hugo Boss is focusing on strategic brand and channel realignments for 2026. This move aims to bolster growth in key areas like footwear and accessories.

Van de Velde reported second-half fiscal 2025 comparable revenue of €203.4 million (~$235.9 million), down 1.1 per cent, but showing a 1.9 per cent recovery after a weak first half.
D2C revenue reached €55.9 million (~$64.8 million), while B2B totalled €147.5 million (~$171.1 million). Comparable EBITDA was €47.1 million (23.2 per cent margin).

Gold and silver prices slipped on Monday as international market values took a hit. The strengthening dollar combined with lowered expectations for a US rate cut influenced the precious metals negatively. As crude oil prices rise, many investors are reallocating their assets accordingly.

Türkiye’s apparel exports fell 3.2 per cent in January 2026 to $1.31 billion, reflecting weak demand in key European markets and continued price competition from lower-cost sourcing hubs.
Both knitted and woven garment shipments declined.
The drop extends a multi-year downtrend, underscoring persistent demand pressures despite the sector’s strong export orientation.

Flourish Garments Bangladesh Co. Ltd., a China (Hong Kong)-based firm, will invest $15.34 million to set up a high-end garment manufacturing unit at the BEPZA Economic Zone in Mirsharai, Chattogram.
The factory will produce 4 million garments annually and create 1,988 jobs for Bangladeshi nationals.
The investment agreement was signed between BEPZA and the company in Dhaka.