Corporates

Rieter, ARISE IIP And Afreximbank Sign Landmark Agreement For Africa’s Textile Renaissance

Textile Insights November 6, 2024

ARISE IIP, a leading developer of industrial parks in Africa, has joined forces with the African Export-Import Bank (Afreximbank) and Rieter, a global leader in spinning systems for yarn manufacturing. Together, they aim to drive the “Africa Textile Renaissance Plan” – a transformative

Corporates

Itema Acquires Balance 20% Stake To Become Sole Owner Of Schoch & Co

Textile Insights November 3, 2024

Itema, a global leader in advanced weaving solutions, has completed its acquisition of Schoch & Co Srl, a longstanding supplier of textile machine components like reeds and drop wires. This final acquisition stage follows Itema’s 2019 purchase of an 80% stake, with the recent agreement granting Itema the remaining 20%, making it the sole owner […]

Apparel, Fashion, Retail

Tasva Enters Northeast With First Store In Assam

Textile Insights November 3, 2024

Tasva, the premier Indian menswear brand from Aditya Birla Fashion and Retail Ltd, in collaboration with designer Tarun Tahiliani, has launched its first Northeast store in Guwahati. Spanning over 3,800 sq. ft., the new location offers a luxurious shopping experience and showcases Tasva’s Autumn-Winter 2024 Wedding Collection, blending contemporary design with traditional

Apparel, Fashion, Retail

Allen Solly’s Largest Store In India Unveils New Brand Identity

Textile Insights November 3, 2024

Allen Solly, a leading brand under Aditya Birla Fashion and Retail, has launched its largest store in India in Hyderabad’s upscale Banjara Hills, introducing a fresh brand identity. This expansive 5,300 sq. ft. store, spanning three levels, offers a world-class shopping experience designed to meet the growing fashion needs of Hyderabad’s style-conscious consumers. The new

Financial Results

PDS Ltd Reports Record Sales In Q2 FY25

Textile Insights November 3, 2024

PDS Ltd, a global fashion solutions and infrastructure company, has announced its financial results for Q2 FY25, achieving its highest-ever quarterly sales. The company, known for providing customized solutions to global brands and retailers in product development, sourcing, manufacturing and brand management, reported a Gross Merchandise Value (GMV) of Rs 5,437 crore for

Corporates

Syre, RE&UP Recycling Technologies, And Sci-Lume Labs Inc. Join ITMF As Corporate Members

Textile Insights November 3, 2024

Three innovative companies, Syre, RE&UP Recycling Technologies, and Sci-Lume Labs Inc., have recently joined the International Textile Manufacturers Federation (ITMF) as corporate members, strengthening the organization’s commitment to promoting sustainability and circularity in the textile industry. Syre, focused on decarbonizing and dewasting textiles, aims to

Economy

Freudenberg Launches New Website For Filtura Filtration Media

Textile Insights November 3, 2024

Freudenberg Performance Materials has unveiled a new website for its Filtura filter media brand, reflecting its commitment to innovative filtration solutions. The redesigned platform offers a user-friendly experience, allowing customers and partners to explore Filtura’s high-performance filtration products across the air, liquid and automotive sectors. The website

Corporates

Rieter Issues CHF 65 Million Bond

Textile Insights October 31, 2024

Rieter has successfully placed a CHF 65 million bond with a five-year term and a 3.5% coupon rate. The net proceeds will support general corporate purposes, enhancing Rieter’s financial flexibility and extending its debt maturity profile. “This bond not only diversifies our investor base but also strengthens our strategic flexibility,” said Oliver Streuli, CFO of

Financial Results

Mafatlal Industries Q2 Revenue Jumps 222%, H1 Revenue Up 61.9%

Textile Insights October 30, 2024

Mafatlal Industries Limited, a long-established player in the Indian textile industry, has announced its unaudited financial results for the quarter ended September 30, 2024. The company reported a significant year-on-year revenue growth of 222.6% for Q2FY25, reaching Rs 995.5 crore, while revenue for H1FY25 rose by 61.9% to Rs 1,447.3 crore. Financial Performance The

Financial Results

KKCL Profit Surges 36% In Q2 FY25

Textile Insights October 30, 2024

Kewal Kiran Clothing Limited (KKCL), a prominent Indian lifestyle brand company with a strong presence across Menswear, Womenswear, and Kidswear categories, announced its audited financial results for the quarter and half year ended September 30, 2024. In Q2 FY25, KKCL’s consolidated revenue from operations rose by 17.4% to Rs 308.2 crore, compared to Rs 262.5 […]