News - Textile Insights - Page 146

Financial Results

Vardhman Textiles Sees Modest Q1 Growth, Profit Slips 11%

Textile Insights July 23, 2025

Vardhman Textiles Limited, one of India’s largest vertically integrated textile manufacturers, reported a steady revenue growth of 3.2% year-on-year in the first quarter of FY26, with revenues from operations rising to Rs 2,342 crore from Rs 2,270 crore in the same quarter last year. However,

Event

Odisha TEX 2025 Set To Boost Textile Investments

Textile Insights July 22, 2025

The Odisha government is set to host the inaugural edition of ODISHA TEX 2025, Eastern India’s largest textile investment summit, on July 25 at the State Convention Centre in Bhubaneswar. The summit aims to position Odisha as a premier destination for investment in textiles, apparels, technical textiles, footwear, and accessories. The event will be inaugurated […]

Sustainability

Retail And Apparel Giants Unite To Launch Textile Recycling PRO In California

Textile Insights July 22, 2025

The California Retailers Association, the American Apparel & Footwear Association (AAFA), and the National Retail Federation (NRF) have signed a Memorandum of Understanding (MOU) to jointly establish an independent Producer Responsibility Organization (PRO). This initiative supports compliance with California’s Responsible Textile Recovery Act of 2024 (SB 707), the

Event

Bharat Merchants’ Chamber Celebrates Nextgen Recognition Awards

Textile Insights July 22, 2025

The Bharat Merchants’ Chamber, one of India’s oldest and most respected institutions representing the textile, trade, commerce, and industry sectors, hosted a prestigious NextGen Recognition Awards Ceremony at the CCI Club, Churchgate, Mumbai. The event was graced by Chief Guest Sunil Deodhar, eminent speaker and visionary leader, and Guest of Honour Roop Rashi, a

Industry

Textile Ministry Plans Credit Rating & Green Fund For SMEs

Textile Insights July 22, 2025

The Ministry of Textiles is considering the launch of a CIBIL-style credit rating system and a centralized Green Fund, with a particular focus on empowering small and medium enterprises (SMEs). The initiative is designed to address long-standing challenges in credit access while promoting sustainable manufacturing practices. The proposed credit scoring mechanism would

Corporates

Globe Textiles To Demerge Online Business Into Morabia Creation

Textile Insights July 22, 2025

Globe Textiles (India) Limited, a prominent player in the Indian textile industry, has announced a strategic demerger of its online business, comprising the INDIGENX and ORIJEAN brands, into a newly formed entity Morabia Creation Limited. The move is aimed at enhancing operational focus, unlocking shareholder value, and enabling independent growth of both business

Corporates

Trident Wins ET Now Best Workplace 2025

Textile Insights July 22, 2025

Award highlights Trident’s inclusive, people-first workplace and progressive HR practices Trident Group, a leading Indian conglomerate and global textile manufacturer, has been named one of ET Now’s Best Organizations to Work For 2025, reinforcing its commitment to building an inclusive, progressive, and employee-centric workplace. The recognition was announced at the ET

Financial Results

Mango Reports Strong Double-Digit Growth In H1 2025

Textile Insights July 22, 2025

Global fashion brand Mango has reported robust growth for the first half of 2025, with turnover reaching €1,728 million, marking a 12% year-on-year increase, and 14% at constant exchange rates. The company attributes the growth to strong customer response to its collections, expansion across key markets, and continued investment in retail and digital infrastructure.

Industry

AAFA Urges Congress & Trump Govt To Take Strong Action Against Counterfeit Goods

Textile Insights July 22, 2025

As part of National Anti-Counterfeiting and Consumer Education and Awareness Month, the American Apparel & Footwear Association (AAFA) has urged Congress and the Trump Administration to take immediate, impactful steps to combat the growing counterfeit goods crisis. In a letter submitted to the Office of the U.S. Trade Representative (USTR), AAFA advocated for updating

Corporates

S&S Activewear Enhances Integration With Commonsku For Seamless Ordering

Textile Insights July 22, 2025

S&S Activewear, a leading tech-enabled distributor of apparel and accessories in North America, has announced an enhanced partnership with Commonsku, a comprehensive order management and e-commerce platform tailored for promotional product professionals. As a Connected+ partner, S&S now offers Commonsku users real-time access to its full inventory, including

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