Corporates

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

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

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

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. […]
Apparel, Fashion, Retail

Zudio Opens 203 New Stores In India In FY 2023-24

In the financial year 2023-24, Zudio, a prominent retail fashion brand under Trent Ltd, made significant strides by adding 203 new stores to its growing portfolio. This expansion brings the total number of Zudio stores to 545 across 164 cities, enhancing its presence in numerous micro-markets across India. The brand’s commitment to accessibility and fashion-forward
Financial Results

Globe Textiles Reports 127.65% Rise In Net Profit For FY24

Globe Textiles India Ltd, a prominent textile exporter of fabrics and garments, announced its financial results for Q4 and the full fiscal year 2023-24, demonstrating robust performance driven by strong demand, operational efficiencies, and strategic market expansion. For Q4 FY24, the company reported overall revenues of ₹43,100.39 lakhs, a 107% increase year-over-year,