Richemont: Profits surge Amidst Tough Scenario
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to...
Category : Trade
JD Sports acquires retailer Oi Polloi
UK sportswear giant JD Sports is reportedly continuing its acquisition spree with acquisition of Manchester-based menswear boutique Oi Polloi. JD Sports bought the Northern Quarter...
Raymond Ltd Sees Decline in Q4 Results
Raymond Ltd witnessed a 15% decline in consolidated net profit at Rs 58 crore ($7.9 million) for the fourth quarter ended March 2021, as against...
Brooks Brothers and Fila collaborate on tennis, street wear collection
US clothing label Brooks Brothers and sportswear brand Fila have launched a limited-edition collection that includes apparel, footwear and accessories for both men and women....
Adidas reports profit in Q1
The company’s gross margin increased 2.1 pp to 51.8 percent. The company’s operating profit grew to a level of 704 million euros and with an...
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
GOVT HIGHLIGHTS MEASURES FOR REVIVAL OF TEXTILES INDUSTRY
In order to make the textile sector competitive by rebating all taxes/levies in international market, the Government has decided to continue the RoSCTL (Rebate of...
Pak Appeals for Lifting Ban on Imports From India
Pakistan’s textile ministry headed by Prime Minister Imran Khan has recommended the lifting of a ban on the import of cotton from India to bridge...
FTA WITH UK ON CONCLUSION STAGE
The Textile Ministry is putting efforts for an early limited Free Trade Deal between India and the UK which will include tariff reduction for textile...
PICANOL GROUP: 2020 RESULTS IN LINE WITH EXPECTATIONS
Within the Machines & Technologies segment, in September 2020, Picanol launched the new TerryPlus-i, which is the most efficient and versatile airjet weaving machine for...