Corporates

High Street Essentials Secures Rs 50 Crore Funding

June 2, 2024

In its recent funding round, High Street Essentials, the parent company of fashion brands Indya and FabAlley, has raised Rs 50 crore through a blend of equity and loan infusion. Spearheaded by Sangita Jindal, Chairperson of JSW Foundation, the investment round also saw contributions from SRF

Corporates

Techno Sportswear Raises $25 Million From A91 Partners

June 2, 2024

Bengaluru-based Techno Sportswear has secured $25 million (approximately Rs 208 crore) in funding from investment fund A91 Partners. The company specializes in manufacturing performance wear aimed at the mass market, selling its sportswear apparel under the brand name Technosport. This marks the company’s inaugural fundraising effort. Founded in 2007 with just five

Corporates

KKCL Acquires 50% Stake In Kraus Casuals For Rs 166.51 Crore

June 2, 2024

Kewal Kiran Clothing Ltd (KCCL) announced a strategic move with the acquisition of a 50% stake in Kraus Casuals Pvt. Ltd. (KCPL) for a total consideration of Rs 166.51 crore. This equity stake will be acquired through a combination of primary infusion and secondary purchase. By entering into the women’s denim and casual wear category […]

Corporates

Coats Group plc Announces Succession Plan For Group Chief Executive

June 2, 2024

Coats Group plc, a global leader in thread and structural components for apparel and footwear, alongside pioneering innovations in performance materials, has revealed a strategic succession plan for Rajiv Sharma, who will be stepping down from his role after an illustrious 14-year tenure with the company, serving as Group Chief Executive for the past eight […]

Corporates

Hyosung TNC Appoints Andreas Puchert As European Marketing Manager

June 2, 2024

Hyosung TNC has strategically appointed Andreas Puchert, a seasoned industry expert, as its new European Marketing Manager. Puchert brings over three decades of extensive experience in the textile, sports, fashion and retail sectors to his new role, which will be based in Düsseldorf, Germany. Prior to joining Hyosung, Puchert served as the Director of Retailpraxis. […]

Corporates

Italian Textile Machinery Manufacturers Head To Turkmenistan For Strategic Mission

June 1, 2024

From June 24 to 28, a delegation of Italian textile machinery manufacturers will be in Turkmenistan for an institutional mission organized by ACIMIT (the Association of Italian Textile Machinery Manufacturers) and the Italian Trade Agency. The delegation has scheduled institutional and commercial meetings in Ashgabat. For the Italian textile machinery industry, the Turkmen

Corporates

Garment Brand Libas Bags Rs 150cr Funding From ICICI Venture

Textile Insights May 31, 2024

Omni-channel retailer and ethnic wear brand Libas has successfully closed its first external funding round and bagged an investment of Rs 150 crore by IAF Series 5, a fund managed by ICICI Venture. Libas has fast-tracked its growth to become a leading force in the online fashion segment, captivating customers with its dynamic product range […]

Corporates

RSWM Honoured With Three Gold Export Awards By TEXPROCIL

Textile Insights May 28, 2024

Riju Jhunjhunwala led RSWM Ltd has won three gold awards at TEXPROCIL Awards for highest export of denim fabric (2021-22) and processed yarn (2021-22, 2022-23). RSWM Ltd’s journey to success is marked by a relentless pursuit of excellence across all aspects of its operations. Whether it is leveraging state-of-the-art machinery to implementing best industry practices, […]

Corporates

Speciality Lubricants Maker Klüber Expanding Indian Production

Textile Insights May 27, 2024

Speciality lubricants manufacturer Klüber Lubrication is expanding its production facility in Mysore, which will be fully operational by the beginning of 2027. “Klüber India’s manufacturing plant in Mysore is spread over 17,000 sq. meters at present and produces world-class specialty lubricants,” the company said in a press release. The company had recently announced an

Corporates

Bodal Chemicals Announces Permanent Closure Of Several Manufacturing Units

May 26, 2024

Bodal Chemicals has announced the permanent cessation of production activities at its manufacturing facilities in Unit-1, Unit-3, and Unit-4 located at Vatva GIDC, Ahmedabad. These units, which have been producing dye intermediates and dyestuffs, were constructed between 1989 and 1993. Due to technological advancements, these older plants have become economically unviable