RattanIndia Enterprises has announced a consolidated net loss of US $ 19.5 million (Rs. 170 crore) for the quarter ending December 2024, a significant downturn compared to the US $ 21.4 million USD (Rs. 187 crore) net profit reported during the same period last year. Despite the loss, the company experienced a slight revenue increase […] The post RattanIndia Enterprises records net loss of US $ 19.5 million in Q3, despite revenue increase appeared first on Apparel Resources ..read more

Later this month, at the Bharat Tex event, Textiles Secretary Neelam Shami Rao will announce the much-anticipated ‘INDIAsize’ initiative, a study that seeks to develop standardised measures meant to better suit the Indian body types. Currently, customers purchase shoes at the market using the international size chart, which is either the US or UK size […] The post INDIAsize to launch later this month, announces Textiles Secretary appeared first on Apparel Resources ..read more

US based fashion house PVH, parent company of Tommy Hilfiger and Calvin Klein, has expressed disappointment following China’s decision to add them to its ‘unreliable entities’ list. The statement comes as both the countries find themselves in the middle of an ongoing trade conflict with both US and China issuing sanctions on imports. Amid the […] The post PVH Group expresses ‘disappointment’ over Chinese sanctions appeared first on Apparel Resources ..read more

For the third quarter that concluded in December 2024, value-fashion retailer V-Mart Retail Ltd. recorded a 154 percent increase in net profit to US $ 8.3 million, compared to US $ 3.4 million in the same quarter the previous year. Compared to US $ 107 million in the same quarter of the previous fiscal year, […] The post V-Mart Retail achieves record 154 per cent growth in Q3 net profit appeared first on Apparel Resources ..read more

An interaction meeting with Additional Commissioner of Customs Vijay Vel Krishna IRS and Chief Commissioner of Customs S.K. Vimalanathan IRS was arranged at the Tirupur Exporters Association (TEA) office. Participating were representatives of member firms, the Honorary Chairman of TEA, Dr. A. Sakthivel, the Association’s President, K. M. Subramanian, the General Secretary, N. Thirukkumaran, the […] The post Tirupur Exporters Association meets with Chief Commissioner of Customs appeared first on Apparel Resources ..read more

Compared to US $ 17.36 million a year earlier, Page Industries Ltd., the company that licenses Jockey and Speedo products in India, recorded a 34 per cent increase in its third-quarter profit at US $ 23.4 million. Compared to US $ 151 million in the same quarter of the previous fiscal year, the company’s revenue […] The post Page Industries Ltd sees surge in Q3 net profit, hits US $ 23.4 million appeared first on Apparel Resources ..read more

India’s technical textiles market, which was valued at US $ 29 billion in FY 2024, is expected to grow significantly because of tax cuts for textile machinery and a rise in Basic Customs Duty (BCD) on knitted fabrics in Budget 2025. Approximately 15 per cent of India’s total textile and clothing market is made up […] The post Indian technical textiles market hits US $ 29 billion, set for further growth fueled by Budget 2025, says report appeared first on Apparel Resources ..read more

Cibutex, a cooperative of businesses committed to creating a more sustainable textile supply chain, and Reju™, the forward-thinking textile-to-textile regeneration firm, have announced their cooperation. Through this partnership, Cibutex and Reju will endeavour to create an ecosystem among Cibutex member businesses. Reju will get a feedstock supply of secondary raw materials from post-consumer textile waste […] The post Reju and Cibutex team up to establish circular textile ecosystem appeared first on Apparel Resources ..read more

Leading UK waste management and recycling company MYGroup is starting a ground-breaking proof-of-concept for sustainable textile production and manufacturing in Sri Lanka. This initiative will empower local communities and help create a supply chain that is both socially and environmentally responsible for the company’s future product lines. The company’s ReFactory division will lead the multifaceted […] The post Sustainable textile project from MyGroup seeks to revive Sri Lankan traditional industries, support communities appeared first on Apparel Resources ..read more

Amid the rise for sustainable practices in the fashion space, major fashion and footwear brands have entered a strategic collaboration with Fashion for Good to launch “Closing the Footwear Loop,” a groundbreaking initiative aimed at promoting circularity in the footwear industry. This collaborative project seeks to revolutionise the current linear “take-make-dispose” model and transition to […] The post Fashion for Good introduces ‘Closing the Footwear Loop’ with Adidas, Puma, and others appeared first on Apparel Resources ..read more