Corporates

Trident Ltd Announces Further Investment In Trident Global B.V.

June 13, 2024

Trident Limited, has announced a further investment in its step-down subsidiary, Trident Global B.V. The investment was made through Trident Home Textiles Limited (THTL), a wholly-owned subsidiary of Trident Limited. In compliance with Regulation 30 and other relevant provisions of the SEBI

Apparel, Fashion, Retail

Monte Carlo Launches Home Textile Line With Raveena Tandon As Ambassador

November 5, 2023

Clothing brand Monte Carlo has expanded its offerings by entering the home textile segment with a new division called Monte Carlo Home. To bolster this venture, the brand has enlisted Bollywood actor Raveena Tandon as its brand ambassador. Monte Carlo Home presents a wide array of products, encompassing bed sheets, blankets, comforters, pillow covers, towels […]

Corporates

Welspun Selects dentsu X As Media Partner To Elevate Brand Strategy

September 17, 2023

Welspun, a global home textiles leader, has selected dentsu X, the data and tech-driven agency from dentsu India, as its media partner. This decision follows a rigorous multi-agency pitch and will be managed from dentsu X’s Mumbai office. Under this partnership, dentsu X will leverage its talent pool to provide innovative solutions aimed at enhancing […]

Home Textiles

Operating Profit Of Home Textile Sector To Improve 150-200bps

Textile Insights September 4, 2023

Operating profitability of the Indian home textiles sector will improve 150-200 basis points to 14.0-14.5 percent, due to lower raw material costs and better operating leverage. In a report, Crisil Ratings added that despite improvement in operating profitability, they will still hover below pre-pandemic levels. The ratings agency also said that revenues from the home […]

Policies

New PLI Textile Scheme Put Up For Cabinet Approval

Textile Insights May 31, 2023

One more production-linked incentive (PLI) scheme for the textile and garment sector, which will focus on production of apparels, made-ups and garment accessories produced from either, natural or manmade fibre has been put up for approval of the Cabinet, by the Ministry of Textiles. “The proposed minimum investment and turnover criteria for the new PLI […]

Home Textiles

Hästens Partners With MadaLuxe Group To Open 20 New Stores In US

April 26, 2023

Swedish luxury bedding company Hästens has partnered with MadaLuxe Group to open 20 new Hästens stores across the United States in the next five to seven years With the first two stores’ leases already signed and slated to open this year, Hästens is making steps into opening more U.S. brick-and-mortar retail storefronts. The first of […]

Event

Shanghai Intertextile Apparel Springs Connects Global Textile Value Chain Together

April 22, 2023

Spring’s much-anticipated global apparel flagship ended on a high note on 30 March 2023. Over the course of the three-day fair, the first major textile event since China became more accessible, nearly 3,000 exhibitors from 22 countries and regions welcomed nearly 100,000 trade buyers from 101 countries and regions. With a worldwide reputation for its […]