Financial Results

Rieter’s Orders Up 39%, Sales Down 47% in Q3 2024

Textile Insights October 28, 2024

Rieter Group has released its financial results for the third quarter and the first nine months of 2024, revealing a mixed performance in a difficult market environment. Key Financial Highlights: Order Intake: CHF 226.4 million in Q3, totaling CHF 629.8 million for the first nine months, a

Apparel, Fashion, Retail

Reid & Taylor Launches ‘Man On A Mission’ Campaign Featuring Vicky Kaushal

Textile Insights October 28, 2024

Reid & Taylor, the premium menswear brand, has unveiled its latest campaign, ‘Man on a Mission,’ starring Bollywood superstar Vicky Kaushal. This initiative embodies the brand’s ethos of ambition, resilience and an unwavering commitment to excellence. The campaign celebrates men who pursue everyday missions, drawing inspiration from Vicky’s own journey from

Machinery

Zhejiang Sitong Expands Polyester Capacity With Oerlikon Neumag BCF System

Textile Insights October 28, 2024

Zhejiang Sitong New Material Technology Co., Ltd., a leading Chinese carpet yarn manufacturer, is enhancing its polyester production by commissioning a BCF S+ system from Oerlikon Neumag. This expansion allows Sitong to balance its output of polyester, polyamide and polypropylene yarns. With a total capacity of 50,000 tonnes per year, Sitong is one of Asia’s […]

Apparel, Fashion, Retail

Siyaram Silk Mills Launches New Fast Fashion And Ethnic Wear Outlets

Textile Insights October 28, 2024

Siyaram Silk Mills has unveiled its newest retail outlets as part of its strategic push to enhance direct customer engagement and offer a seamless shopping experience. The new stores will address the rising demand for fast fashion and ethnic wear, underscoring the company’s ambitious growth plans. The fast fashion outlets, branded under ZECODE, will cater […]

Financial Results

Adidas’s Q3 Revenue At €6.44 Bn, Operating Profit Surpasses Expectations

Textile Insights October 28, 2024

Adidas has released its preliminary financial report for Q3 2024, estimating revenue at €6.44 billion, slightly below analysts’ expectations of €6.45 billion. The company achieved a gross profit margin of 51.3%, surpassing the forecast of 50.5%. Operating profit stood at €598 million, exceeding the expected €558.6 million. Notably, the third-quarter results included

Financial Results

Bella Casa Reports 66% Revenue Growth, Eyes Long-Term Expansion

Textile Insights October 27, 2024

Bella Casa Fashion & Retail Ltd has announced its financial results for the second quarter (Q2) and first half (H1) of FY25, highlighting substantial growth in revenue and profitability. The company reported revenue of Rs 107 crore in Q2 FY25, marking a 66% growth compared to the same period last year. Operating profit surged by […]

Financial Results

SBC Exports Reports Strong Q2 Results And Expansion Plans

Textile Insights October 27, 2024

SBC Exports Ltd, a prominent player in the hosiery garments sector, has released its financial results for Q2 and H1 of FY25, demonstrating significant growth. In Q2 FY25, the company reported a 56.54% year-on-year (YoY) increase in standalone revenue, reaching Rs 4,849.55 lakh, while net profit after tax (PAT) surged by 63.21% to Rs 315 […]

Corporates

Suominen Appoints Minna Rouru As Chief People & Communications Officer

Textile Insights October 27, 2024

Suominen Corporation announced the appointment of Minna Rouru as Chief People & Communications Officer, effective by February 2025. Rouru will join the Executive Management Team and report directly to President and CEO Tommi Björnman. Rouru brings a wealth of experience to the role, having served as Vice President of People & Communications at KONE Corporation,

Corporates

Lululemon Partners With Fanatics And NHL To Launch Fan Apparel Line

Textile Insights October 27, 2024

Lululemon has announced a multi-year partnership with Fanatics and the National Hockey League (NHL) to create a new line of fan apparel. Starting with 11 NHL teams for the 2024-25 season, the collection will expand to include all 32 teams by the 2025-26 season. The apparel will be available for purchase beginning October 29 across […]

Industry

Centric Software’s Centric Planning Named ‘Recognized Vendor’ In Gartner’s 2024 Market Guides

Textile Insights October 27, 2024

Centric Software has announced that its Centric Planning solution has been named a Recognized Vendor in Gartner’s 2024 Market Guides for Retail Assortment Management Applications, covering both long life cycle and short life cycle editions. With over 40 years of expertise, Gartner is a leading technological research and consulting firm, providing actionable insights to