Financial Results

PDS Ltd Posts Growth Of 24% In Revenue And 34% In PAT In Q1 FY25

Textile Insights July 29, 2024

PDS Ltd, a global fashion solutions and infrastructure company, announced its financial results for Q1 FY25. The company offers customized solutions to global brands and retailers, including product development, sourcing, manufacturing, and brand management. The company recorded a 28% increase

Sustainability

Garson & Shaw Report Calls For Transformative Shift Towards Circular Economy In Textile Industry

July 9, 2024

In a bid to address the mounting environmental challenges posed by the textile industry, the 2024 Garson & Shaw report highlights the critical need for substantial changes. The report highlights the burgeoning market for used textiles and the pivotal role of circularity in mitigating environmental impact. The textile industry’s rapid growth is paralleled by escalating

Apparel, Fashion, Retail

ZYOD Secures US$ 18 Mn In Series A Funding Led By RTP Global

June 30, 2024

ZYOD, a tech-enabled fashion manufacturing platform offering seamless solutions from design to delivery, has secured US$ 18 million in its Series A round of funding. This investment round was led by RTP Global and also saw participation from existing investors Lightspeed and Alteria Capital, as well as new investors Stride Ventures, Stride One and Trifecta […]

Apparel, Fashion, Retail

Snitch Opens Largest Store In Bangalore’s HSR Layout

June 3, 2024

Snitch, India’s premier D2C fast fashion men’s lifestyle brand, has announced the opening of its largest store to date, strategically situated in HSR Layout, Bangalore. This expansive 10,000 sq. ft. store, located next to the Max store, is set to captivate fashion enthusiasts and style-conscious individuals. HSR Layout, known for its diverse and cosmopolitan population,

Corporates

Fast Fashion Brand Shein Plans London Stock Exchange IPO

Textile Insights May 22, 2024

Fast fashion brand Shein which had earlier planned to launch an IPO on the Chinese stock exchange has changed plans and will now submit an IPO application to the London Stock Exchange. Earlier this year, the China Securities Regulatory Commission advised Shein against an IPO in the United States due to the company’s supply chain […]

Apparel, Fashion, Retail

Fast Fashion Brand Zara Denies Withdrawing From Chinese Market

Textile Insights April 22, 2024

Fast fashion brand Zara has dispelled rumours emanating from the Chinese media that it is withdrawing from the Chinese market. Media reports had recently informed that Zara has closed nine stores in just two months which lead to speculation that the Spanish brand is gradually exiting from China. While speaking to Daily Economic News, a […]

Apparel, Fashion, Retail

French Bill Seeks Penalties Of Up To €10 On Fast Fashion

Textile Insights March 29, 2024

The French Parliament recently approved a bill seeking penalties on fast fashion products, which seeks gradual increase in penalties of up to €10 or US $11 per unit of apparel by 2030. The bill also calls for a ban on advertising for these products. However, the bill must also be approved by the French Senate […]

Apparel, Fashion, Retail

RIL In Talks With Primark For Indian Market Entry

March 3, 2024

Reliance Industries Ltd (RIL) is in initial discussions with British fashion retailer Primark to introduce the brand in India. Primark, known for its affordable clothing and footwear, has been eyeing the Indian market for some time. With over 400 stores globally, Primark is exploring a partnership with Reliance, potentially through a joint venture or licensing […]

Sustainability

Can Ends Justify The Means?

December 12, 2023

It is crucial to consider not just the end result, but also the journey we take to get there, avers Murugan Santhanam and takes a look at some of the sustainable material revolution happening in the textile industry The idiom “the ends justify the means” indicates about a situation in which the final aim is […]

Corporates

Aditya Birla Group’s TMRW Invests Rs 155 Crore In TIGC Fashion Brand

October 29, 2023

TMRW House of Brands, a venture of the Aditya Birla Group, has expanded its brand portfolio by investing Rs 155 crore in a partnership with the fashion brand The Indian Garage Co. (TIGC), the company announced in a press release on Thursday. Prashanth Aluru, co-founder of TMRW, expressed excitement about this partnership, stating, “We are […]