Turkey’s Rising Minimum Wage Puts Pressure on Apparel Manufacturers in 2025
As Turkey’s minimum wage rises by 30% in January 2025, apparel manufacturers in the country are facing mounting challenges to balance costs and maintain profitability....
Tag : fashion
LVMH Reports Decline in Revenue and Profit for Fiscal Year 2024
French luxury conglomerate Moët Hennessy Louis Vuitton (LVMH) has faced the impact of challenging market conditions in fiscal year 2024. On Tuesday evening, the group...
Neelam Shami Rao has been appointed as the new Secretary of the Ministry of Textiles
Neelam Shami Rao has been appointed as the new Secretary of the Ministry of Textiles Neelam Shami Rao has been appointed as the new Secretary...
India’s Apparel Exports Poised for Strong Growth says Chairman AEPC
India’s Readymade Garment (RMG) export to World for the financial year 2023-24 were to the tune of USD 14545 Million despite an extremely turbulent year...
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...
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....
Slowdown in Fresh Garment Orders from the West to Bangladesh
India’s exports to Bangladesh took a hit in August, falling by 28% to $5.68 billion, down from $5.94 billion in the same month last year....
Stylox Bags ₹20 Crore to Scale Its Denim Franchise Empire
Stylox, a leading name in the denim apparel industry, has successfully raised ₹20 crore in its latest funding round. The capital will fuel the brand’s...
Birla Connect: Revolutionizing Customer Experience with Digital Innovation
Birla Cellulose, a global leader in sustainable fibers, has taken a significant leap in its commitment to digital transformation and customer satisfaction with the launch...
Menswear Brand The Bear House Opens Its First Retail Store in Delhi
Menswear brand The Bear House has opened its first offline store in Delhi, marking a significant milestone in its expansion. Located at the newly launched...