Pune to Launch First Dedicated Textile Waste Processing Unit
The Pune Municipal Corporation (PMC) is taking a groundbreaking step to address the city’s growing textile waste problem by launching its first dedicated textile waste...
Author : PS NewsDesk
Marquee Brands Acquires Iconic British Brand Laura Ashley
New York-based Marquee Brands, the owner of a diverse portfolio of 17 global brands, including Ben Sherman, has acquired Laura Ashley from Gordon Brothers, marking...
Revival of Garment Production in Tirupur Boosts Yarn Demand Amid Changing Buyer Preferences
In recent months, increased international demand has revived garment production in Tirupur, driving up yarn demand from textile mills. Retail buyers from Bangladesh are exploring...
Aditya Birla Fashion Secures $500M Through Preferential Issue and QIP to Fuel Growth
Fidelity Investments to participate in USD 275 Mn preferential issue along with promoters. Promoter participation at ~18% premium to yesterday’s closing price Board also approves...
JD Sports Cuts Profit Forecast Amid Tough Market Conditions
JD Sports has revised its profit forecast to £915–£935 million, down from £1.04 billion, citing challenging market conditions and heightened promotional activity during the peak...
Asda Launches Cost-Cutting Measures Following Disappointing Christmas
Asda has initiated cost-cutting measures after a challenging Christmas season, marked by a 5.8% decline in sales during the 12 weeks to December 29, 2024—the...
One Industry, One Voice: Garment Trade Associations Rally Against Proposed GST Rate Revisions
In a groundbreaking move to safeguard the domestic garment sector, the Clothing Manufacturers Association of India (CMAI) united with 14 prominent Garment Trade Associations from...
H&M Relocates India HQ to Bengaluru, Leaving Delhi-NCR Behind
H&M, the Swedish fast fashion giant, is relocating its Indian headquarters from Delhi-NCR to Bengaluru to leverage the city’s burgeoning e-commerce and fashion technology ecosystem....
Rising Gas Tariffs to Challenge Bangladesh’s RMG Industry
The Ministry of Power, Energy, and Mineral Resources has announced a major policy shift that will significantly increase gas tariffs for industries, including Bangladesh’s critical...
Primark Launches Stylish New Activewear Collection for the Growing Athleisure Trend
New 150-strong collection features the latest product technical innovations including four-way stretch, sweat-wicking and breathable fabrics helping customers perform at and look their best, without...