Special Report

Indian Textile Chemicals To Piggyback On Textile Industry Growth

September 19, 2023

The Indian textile chemicals market is anticipated to grow significantly in the projected period 2028 due to increasing awareness of sustainable textile manufacturing practices, rising disposable incomes and increasing demand for textiles and apparel. India’s annual textile and apparel

Corporates

KKR Picks Additional Rs 2069 Crore Stake In Reliance Retail

Textile Insights September 12, 2023

Mukesh Ambani led Reliance Retail Ventures has received an investment of Rs 2,069.50 crore through an affiliate of global investment firm KKR. This investment values Reliance Retail a pre-money equity value of Rs 8.361 lakh crore, which makes it among the top four companies by equity value in the country. “KKR’s follow-on investment will translate […]

Corporates

Nexgen Packaging Welcomes Kevin DeSpain As Senior VP Of Sales

September 7, 2023

Nexgen Packaging, a global leader in retail, apparel, and footwear packaging, is excited to announce the appointment of Kevin DeSpain as Senior Vice President of Sales for the Americas. In this new role, DeSpain will oversee sales and data integration teams in the Americas and lead sales and customer service teams in Asia. He joins […]

Apparel, Fashion, Retail

Reliance Retail Almost Doubles Valuation In Three Years

Textile Insights August 29, 2023

Mukesh Ambani led Reliance Retail’s valuation has almost doubled, notwithstanding the intervening Covid-19 pandemic. Qatar Investment Authority recently became an investor in Reliance Retail, with an investment of US $1 billion for a 1 percent equity stake. This investment values Reliance Retail at a pre-money equity value of Rs 828,000 crore as against it’s fund-raise

Apparel, Fashion, Retail

D’Cot Unveils Exclusive Store in Rewa, M.P.

August 20, 2023

D’Cot, an esteemed clothing brand under the prestigious Donear Group, has announced the opening of its exclusive store in Rewa, Madhya Pradesh. The inauguration of the D’Cot store marks a significant stride in offering quality wear to the discerning shoppers of Rewa. With its hallmark of excellence and style, D’Cot brings a curated range of […]

Apparel, Fashion, Retail

True Fit Partners Shopify For Fashion Genome

Textile Insights August 17, 2023

True Fit, an AI platform that decodes apparel size and fit for consumers has partnered with Shopify Inc., a commerce platform that enables merchants to start, grow and manage a business. “The strategic partnership will bring the quality, reliability, and economic benefits for which True Fit is known with its enterprise customers to merchants of […]

Industry

AEPC And Sarvada Legal Collaborate For Apparel Sector Webinar On Emerging Non-Tariff Barriers

August 13, 2023

The Apparel Export Promotion Council (AEPC), in conjunction with Sarvada Legal, organized a significant webinar addressing the theme of “Emerging Non-Tariff Barriers in the Apparel Export Sector.” The primary objective of the webinar was to raise awareness within the apparel industry concerning issues associated with Non-Tariff Barriers (NTBs). A notable

Industry

AAFA Calls For Urgent Action On Worker Rights In Bangladesh

August 11, 2023

The American Apparel & Footwear Association (AAFA) has recently addressed a crucial letter to Honorable Bangladesh Prime Minister Sheikh Hasina, highlighting concerns about worker rights and welfare in Bangladesh. As a prominent national trade association representing apparel and footwear companies, AAFA plays a vital role in the global market, representing over 1,000

Apparel, Fashion, Retail

80% Of US Garment Brands Will Reduce Sourcing From China

Textile Insights August 5, 2023

Nearly 80 percent of US garment and fashion brands plan to reduce their China sourcing over the next two years. This was revealed in a survey done by the United States Fashion Industry Association (USFIA) of 30 fashion companies between April and June 2023, a majority of them having more than 1,000 employees. US fashion […]

Apparel, Fashion, Retail

FTA With EU To Boost Export Of Filipino Wearables

Textile Insights August 3, 2023

The Confederation of Wearables Exporters of the Philippines (Conwep) expects exports of garments, textile, footwear and bags to Europe to surge once a free trade agreement (FTA) with the European Union (EU) is signed. Conwep Executive Director Maritess Jocson-Agoncillo said the sector can reach exports of US $900 to $1000 million in three to four […]