JV to Own Mothercare Brand and All Its IP Assets for India, Nepal, Sri Lanka, Bhutan and Bangladesh Region Mothercare plc, a global leader in products for parents and young children, has announced a strategic joint venture with Reliance Brands Holding UK Limited, a wholly-owned subsidiary of
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 seamlessly integrate data acquisition, IoT communications, and Big Data analytics to
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 […]
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 […]
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
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 […]
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 […]
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
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 […]
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