Corporates

Hirdaramani Group Invests LKR 10 Billion In Sustainable Textile Mill ‘Mihila Tex’

July 22, 2024

The Hirdaramani Group, a leader in apparel manufacturing and sustainability, has announced a significant LKR 10 billion investment in a new textile mill, ‘Mihila Tex’, in Pannala, Sri Lanka. This facility will enhance the future of the apparel industry and strengthen Sri Lanka’s

Financial Results

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

May 31, 2024

Monte Carlo Fashions Limited, a leading lifestyle apparel brand in India, announced its financial results for the fourth quarter and full fiscal year ending March 31, 2024. Despite facing challenges, the company continues to demonstrate a strong market presence and strategic growth initiatives. In Q4-FY24, the company reported revenue of INR 2,065 million, a decline […]

Industry

Sewing & Embroidery Thread Maker Amann Starts India Plant

Textile Insights April 24, 2024

Amann has opened its first Indian production plant in Ranipet, Tamil Nadu which will produce sewing and embroidery threads of the highest quality for the leather and apparel industry. “It is our most sustainable production site equipped with state-of-the-art technology to protect the environment,” the German headquartered company said in a press release. “We are […]

Corporates

NILIT And Shenma Industry Form Strategic JV In China

April 21, 2024

NILIT, the foremost provider of high-performance Nylon 6.6 fibres for the apparel industry, and Shenma Industry Co., Ltd., a subsidiary of China Pingmei Shenma Group and a leader in the industrial Nylon 6.6 market, have announced the establishment of a strategic joint venture. This partnership marks a significant milestone in expanding production capacity and fostering

Industry

Euratex Launches Upskilling & Reksilling Initiative

Textile Insights April 3, 2024

European Textile And Apparel Association (Euratex) has launched an initiative to promote upskilling and reskilling in the textiles, clothing, leather and footwear (TCLF) industries named ‘TCLF SkillBridge’. In the context of the EU TCLF Pact for Skills, Euratex will work together with CEC and COTANCE to support the creation of regional partnerships in the area […]

Corporates

Raymond Sells Stakes In Wholly-Owned Subsidiaries

March 24, 2024

Raymond Ltd, a prominent name in India’s fabric and fashion retail sector and a key player in the global suiting fabric market, has secured approval to divest its entire stake in its wholly-owned subsidiaries. The subsidiaries, Raymond Apparel Ltd (RAL) and Ultrashore Realty Ltd (URL), are set to undergo a change in ownership through a […]

Export

Three Global Fashion Companies To Compensate Mauritius Workers

Textile Insights January 10, 2024

Three global fashion companies have agreed to collectively pay US $420,593 to compensate apparel workers in Mauritius after the publication of an undercover investigation report into labour rights abuse. The three companies include PVH, owner of Tommy Hilfiger and Calvin Klein; Second Clothing and UK based brand Barbour. Transparentem, a US non-profit organisation

Industry

Cottonconnect Expands Cotton Traceability Platform To Brands

December 24, 2023

CottonConnect, a social enterprise that focuses on creating a more sustainable and responsible cotton industry, has made its TraceBale traceability platform available to the wider apparel industry. TraceBale traceability platform is expected to help brands address supply chain transparency challenges. TraceBale is now available as a standalone solution to all within the

Cotton

Wazir Advisors Joins ITMF for Global Textile Growth

December 13, 2023

In a significant move towards fostering international collaboration and industry growth, Wazir Advisors, a premier Indian management consulting firm, has announced its membership in the International Textile Manufacturers Federation (ITMF) as a corporate member. As a seasoned and highly networked player in the global textile and apparel industry, Wazir Advisors brings

Apparel, Fashion, Retail

Bold Metrics and Mizzen+Main: AI-Enhanced Sizing Precision

August 13, 2023

Bold Metrics, the artificial intelligence (AI) company specializing in advanced sizing solutions for the apparel industry, will now provide power fit solution for Mizzen+Main, a performance menswear company. Mizzen+Main customers can now use the ‘Find My Size’ solution powered by Bold Metrics’ AI-driven smart size chart to quickly and accurately find the