Financial Results

Monte Carlo Fashions Reports FY24 Earnings Decline, Reveals Growth Plans

Textile Insights 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.

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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Textile Insights 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

Apparel, Fashion, Retail

Bharat Biotech Picks 20% Stake In Eastman Exports

Textile Insights July 28, 2023

Bharat Biotech Group has picked a 20 percent stake in one of India’s biggest knitted garment exporters, Tirupur based Eastman Exports. Eastman Exports will use the new investment for capital expenditure, strengthening backward integration and customer acquisition among others. The funds will also help the company increase its presence in the global apparel industry,