Under the leadership of President Shavkat Mirziyoyev, Uzbekistan is enhancing its economic and investment partnerships with Türkiye and Saudi Arabia. Recent high-level visits and strategic meetings have resulted in agreements and projects totaling over $34.2 billion, aimed at fostering mutual
India’s ‘knitwear capital’ Tiruppur faces a severe labour shortage as thousands of migrant workers who returned home to vote in the recent Lok Sabha elections are not coming back. This comes as export inquiries from the US show early signs of recovery. The shortage, estimated at 100,000-150,000 workers from Uttar Pradesh, Bihar, Assam, and West […]
Lululemon Athletica Inc., announced its financial results for the first quarter of fiscal 2024, which ended on April 28, 2024. CEO Calvin McDonald highlighted strong international market momentum and successful product innovations, emphasizing that the brand continues to resonate globally. For the first quarter of 2024, Lululemon reported a 10% increase in net revenue to
In Q1 2024, Inditex achieved robust operating results, driven by team creativity and the execution of its integrated business model. The Spring/Summer collections were well-received, with sales increasing 7.1% to €8.2 billion and a constant currency growth of 10.6%. Gross profit rose 7.3% to €4.9 billion, with a gross margin of 60.6%. Operating expenses grew […]
Caroline Brown appointed Global Brand President of The North Face®, succeeding Nicole Otto, effective June 10, 2024. Mindy Grossman and Kirk Tanner appointed as independent directors on VF Board, effective May 30, 2024. Brown resigns as VF Board member upon appointment. VF CEO Bracken Darrell praises Brown’s expertise and leadership in fashion and apparel industry.
SHEIN has expanded its SHEIN Exchange resale platform to Europe and the UK, starting with France. The platform allows users to buy and sell previously owned SHEIN products through the SHEIN app. Following France, the platform will roll out in the UK and Germany in subsequent phases. With a streamlined interface, the SHEIN Exchange feature […]
The fragmented textile value chain in India necessitates the goods to travel from one place to another, which adds to logistics cost as well as has an impact on quality, says Gurudas Aras Historically fragmented and complex nature of our textile value chain has been taking toll on the health of our domestic industry. How […]
At the ITM 2024, Saurer showcased its extensive range of machinery and services and highlighted the company’s long-term strategy and comprehensive offerings. Dr. Uwe Rondé, CEO of Saurer Group, shared exclusive insights into the company’s approach and the trends in the Turkish market with Textile Insights Saurer’s booth featured the latest ring spinning machine,
Rimtex Group, a frontrunner in Sliver Can manufacturing, is celebrating 20 years of presence in the Turkish market. Gaurav Parmar, Director of Rimtex Group, spoke exclusive with Textile Insights publication, delving into the company’s journey, the current market landscape and future plans. “Turkey has welcomed Rimtex as an Indian company, and we have built a […]
Trützschler Group, a market leader in spinning technology, continues to push the boundaries of innovation to meet the evolving needs of the textile industry. In an exclusive chat with Textile Insights, Dr. Bettina Temath, Head of Global Marketing at Trützschler Group SE, sheds light on the latest innovation showcased at ITM 2024 and their implications […]





















