Apparel, Fashion, Retail

China Proposes Law To Ban Apparel Which May Hurts Feelings

Textile Insights September 11, 2023

China has proposed a law that would ban apparels which could hurt feelings of the Chinese people. The proposed law includes a range of behaviours including images on garments or a speech that is offensive for Chinese people. The standing committee of the country’s legislature has released a

Apparel, Fashion, Retail

Reliance Retail Buys 51% Stake in Alia Bhatt’s Ed-a-Mamma

September 10, 2023

Reliance Retail Ventures Limited (RRVL) has made a strategic move by acquiring a 51% stake in Ed-a-Mamma, a sustainable clothing brand for children and maternity wear founded by Alia Bhatt. This partnership aims to accelerate Ed-a-Mamma’s growth by capitalizing on the synergy between RRVL and the brand. The collaboration signifies a significant commitment to

Apparel, Fashion, Retail

UNIQLO Japan Reports Impressive Sales Growth In August 2023

September 9, 2023

UNIQLO Japan, the renowned global clothing brand, has released its latest sales figures for August 2023, showcasing robust performance in the Japanese market. The company’s key sales figures (year-to-August 2023) were as follows: net sales: ¥107.1 billion (same stores+online sales), customer numbers: 98.6 million (same stores+online sales), average purchase per

Apparel, Fashion, Retail

TMRW & Bain Release Report On Digital Fashion Disruptor Brands

Textile Insights September 9, 2023

TMRW, an Aditya Birla Group backed company, which manages garment brands like Bewakoof, JuneBerry, Nobero, Urbano, etc and, Bain & Company have released a report on ‘Digital Fashion Disruptors: Navigating the Future of Fashion’. According to the report, digital disruptor brands are projected to outpace India’s online fashion market growth with 35

Apparel, Fashion, Retail

WHP Global To Acquires Majority Stake in G-Star RAW

September 7, 2023

G-Star RAW and WHP Global, one of the fastest-growing global brand management firms in the world, announced an agreement where WHP Global will acquire a majority interest in the G-Star RAW® brand, setting the stage for further global growth and expansion. Under the terms of the agreement, the existing G-Star shareholders, including founder Jos van […]

Apparel, Fashion, Retail

Apparel Textile Sourcing Canada Wraps Up With 2,000 Buyers

Textile Insights September 6, 2023

The 8th Edition of Apparel Textile Sourcing Canada (ATSC) wrapped up on August 23 in Toronto, with presence over 200 exhibitors from 12 countries and regions. “Over 2,000 visitors too turned up, made up of sourcing professionals, garment brands and retailers, business owners, CEO’s, designers and others,” a ATSC press release said. The Canadian Apparel […]

Apparel, Fashion, Retail

MyTrident Targets INR 1,000 Crore Revenue By 2025-26

September 3, 2023

MyTrident, the flagship home furnishing brand of Trident Group, unveiled its Fall-Winter ’23 collection in New Delhi at Andaz, Aerocity. The event, attended by over 3,000 retailers, was inaugurated by Rajinder Gupta, Chairman Emeritus of Trident Group. MyTrident offers a seamless online shopping experience via mytrident.com and aims to make a lasting impact across

Apparel, Fashion, Retail

First Steps Babywear Wins Fourth Consecutive Award For Excellence In Worker Welfare

September 3, 2023

First Steps Babywear has once again demonstrated its commitment to excellence by receiving the Excellence in Worker Welfare Award from Apparel Sourcing Week (ASW). The company was honoured in the Social Impact category at the prestigious Sustainable NXT Awards 2023, a platform aligned with the evolving dynamics of the apparel industry. This category specifically recognizes

Apparel, Fashion, Retail

Fashion Infrastructure Company PDS Bags LACP Platinum Award

Textile Insights August 31, 2023

PDS Limited, a global fashion infrastructure company has bagged the Platinum award at the League of American Communications Professionals (LACP) LLP for its FY2022-23 Annual Report in the ‘LACP 2022 Vision Awards’. This year the theme of the PDS Annual report is ‘Fashion Simplified’ and in its first year of submission, PDS has garnered an […]

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise