Tete-A-Tete

‘EcoAxis Technology Strategy Is Architected Around Industry 4.0 Technologies’

Textile Insights July 1, 2024

With EcoAxis’ SuperAxisTM, manufacturers are now able to identify opportunities based on preventive, proactive, and predictive alerts, resulting in significant operational efficiency and savings, says Rakesh Vangara, Deputy General Manager- EcoAxis, A.T.E. Group.  How does SuperAxisTM

Financial Results

H&M Group Reports Strong Q2 Performance With 52% Increase In Profit

Textile Insights June 30, 2024

The H&M Group has reported a robust performance in the second quarter of 2024, with net sales increasing by 3% to SEK 59,605 million and gross profit rising by 11% to SEK 33,569 million. The company’s gross margin improved to 56.3% from 52.7% in the same period last year. Operating profit surged to SEK 7,098 […]

Event

Sierra Leone Launches Fashion, Design and Textiles Association

Textile Insights June 19, 2024

On 13 June 2024, Sierra Leone launched the Fashion, Design and Textiles Association, an event hosted by the British High Commissioner and supported by Invest Salone, a UK-funded initiative. The event united key stakeholders to reveal the Association’s vision for the industry. Globally, the fashion and textiles sector is valued at US$2.5 trillion and employs […]

Apparel, Fashion, Retail

Lululemon Reports Strong Q1 2024 Financial Results

Textile Insights June 12, 2024

Lululemon Athletica Inc., announced its financial results for the first quarter of fiscal 2024, which ended on April 28, 2024. CEO Calvin McDonald highlighted strong international market momentum and successful product innovations, emphasizing that the brand continues to resonate globally. For the first quarter of 2024, Lululemon reported a 10% increase in net revenue to

Financial Results

Gokaldas Exports Reports Strong Q4, Announces Acquisitions

Textile Insights May 27, 2024

Gokaldas Exports Ltd, a leading garment manufacturer, has announced its financial results for Q4 FY24, showcasing significant growth and strategic expansions aimed at bolstering its market position. For the quarter ending March 31, 2024, Gokaldas Exports reported consolidated revenue of ₹ 818.0 crore, marking a 54% increase from ₹ 530.1 crore in Q4 FY23. The […]

Corporates

Ralph Lauren Appoints Justin Picicci As New CFO

Textile Insights May 26, 2024

Ralph Lauren Corporation has appointed Justin Picicci as Chief Financial Officer (CFO), effective immediately. Jane Nielsen, who has served as CFO and Chief Operating Officer (COO) since 2019, will remain COO, continuing to lead operational and strategic functions through Fiscal 2025 (ending March 29, 2025). This appointment is part of a strategic succession plan to […]

Financial Results

Axita Cotton Ltd Achieves Record Revenue And Profit In FY 24

Textile Insights April 28, 2024

Axita Cotton Ltd has reached unprecedented heights with a staggering revenue of Rs 1104 crore and all-time high profit in the fiscal year 2023-2024, marking a remarkable 100.89% year-on-year increase from Rs 549.83 crore. This extraordinary achievement reflects Axita Cotton’s dedication to exceeding expectations and delivering exceptional value. Chairman Nitinbhai

Apparel, Fashion, Retail

Mango Surpasses €3 Billion Turnover, Unveils 4E Plan For Future Growth

Textile Insights March 24, 2024

Mango, a prominent European fashion group, achieved a historic milestone in 2023, surpassing a turnover of €3 billion for the first time. With a 15% increase compared to 2022, reaching €3.104 billion, Mango’s differential value proposition propelled its remarkable growth. This milestone marks the beginning of a new era of expansion, coinciding with the unveiling […]

Corporates

Ganesha Ecosphere Plans Rs 500 Crore Preferential & QIP Issues For Expansion

Textile Insights November 26, 2023

In a recent board meeting held on November 24, 2023, Ganesha Ecosphere Ltd deliberated on the future prospects of its rPET chips project. The board acknowledged the potential need for further capacity addition based on engagements with customers. Subsequently, the board approved the following proposals, pending regulatory approvals and shareholder consent: Preferential

Corporates

Lea Rytz Goldman Named ‘Global Brand President’ For Tommy Hilfiger

Textile Insights November 12, 2023

PVH Corp. has announced Lea Rytz Goldman as the Global Brand President for Tommy Hilfiger, set to join by Spring 2024, reporting to PVH CEO Stefan Larsson. This key leadership appointment aligns with PVH’s strategic PVH+ Plan, aiming to elevate Calvin Klein and Tommy Hilfiger into premier lifestyle brands globally. Currently the Managing Director of […]