Apparel, Fashion, Retail

ABFRL Increases Stake In Goodview Fashion To 51%

July 14, 2024

Aditya Birla Fashion and Retail Limited (ABFRL) has increased its shareholding in Goodview Fashion (GFPL), which manufactures and sells ethnic couture under the brand ‘Tarun Tahiliani,’ from 33.50% to 51%. This was achieved through a secondary acquisition of a 17.5% equity stake from existing

Corporates

Lectra Recognized In Deloitte France’s Best Managed Companies 2024 Programme

June 30, 2024

Lectra, a leading provider in the fashion, automotive and furniture industries, has announced its recognition in the 2024 edition of Deloitte France’s Best Managed Companies programme. This prestigious accolade underscores Lectra’s commitment to excellence in long-term strategy, talent management, innovation capacity, CSR policies, governance and financial

Corporates

Dollar Industries Bullish On South India Market

June 14, 2024

Dollar Industries Limited, a leading name in India’s lifestyle outerwear and innerwear business, announced its strategic vision for the South Indian market. As a major step, the company has signed superstar Mahesh Babu as its Brand Ambassador for South India. Established in 1972 by visionary leader Din Dayal Gupta as Bhawani Textiles, Dollar Industries now […]

Corporates

Hyosung TNC Collaborates With Ambercycle To Introduce Circular Polyester In South Korea

June 13, 2024

Hyosung TNC, a global leader in sustainable textile solutions, has teamed up with Ambercycle, a prominent material science company, to pioneer the integration of textile-to-textile circular polyester into South Korea’s supply chains. This partnership underscores both companies’ commitment to fostering a circular textile ecosystem by repurposing end-of-life

Corporates

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

June 2, 2024

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 […]

Apparel, Fashion, Retail

Berrylush Rides High On Fashion Innovation: From 900 Units To 2,00,000 Units Monthly

January 14, 2024

Berrylush, the Noida-based startup founded by IIM graduates Anusha and Alok, has emerged as a formidable player in the fashion industry. From humble beginnings in 2018, with a small in-house manufacturing unit, the duo has achieved remarkable success. Starting with just 900 units in the first month, Berrylush now produces around two lakh units monthly, […]

Corporates

Sonovia & Avco Chemicals Unite For Sustainable Indigo Revolution

December 24, 2023

Sonovia has partnered with Avco to revolutionize indigo dye production, pioneering eco-friendly solutions for the fashion industry. In a major stride towards sustainable textile solutions, Sonovia unveiled a transformative collaboration with Avco, a global leader in textile processing chemicals, aimed at revolutionizing indigo dye production. This strategic partnership,

Apparel, Fashion, Retail

Cantabil Retail Unveils 500th Store In Ayodhya

November 26, 2023

Cantabil Retail India Ltd, a leading name in the fashion industry, has announced the opening of its 500th store in the culturally vibrant and historic city of Ayodhya. This milestone marks a significant achievement for the brand as it continues to expand its footprint by making its fashion collections for men, women and kids more […]

Industry

Germany Top Destination For FDI In Greenfield Textile Projects

Textile Insights November 20, 2023

According to a GlobalData report, Germany is the leading destination market for foreign direct investment (FDI) in greenfield textiles, while the US is the top source for FDI. Between 2019 and 2022, the textiles sector was the eighteenth largest FDI sector in terms of the number of greenfield investments and the textiles sector accounts for […]