Taneira confident to become a Rs 1,000 crore brand, reach 200 stores by FY27

Taneira confident to become a Rs 1,000 crore brand, reach 200 stores by FY27

September 01, 2023

Tata Group women’s ethnic wear brand Taneira expects to become a Rs 1,000 crore business by the 2027 financial year. Planning to open stores across India to fuel growth and reach more shoppers, the brand will take its store count to 200 by the 2027 fiscal. By Isabelle Crossley Aug 31,...Read More

Coats Digital Attains SOC 2 Type II Compliance - Achieving Global Gold Standard in Security Validation

Coats Digital Attains SOC 2 Type II Compliance - Achieving Global Gold Standard in Security Validation

September 01, 2023

By Laurena Mckenna GTS NewsDesk 31st August 2023 LONDON, UK  – AUGUST 31, 2023 – Coats Digital - the leading digital transformation partner for the fashion supply chain -  is delighted to announce its accreditation of SOC 2 Type II compliance, in accordance with...Read More

Government to provide aid of upto Rs 50 lakh to startups in technical textiles

Government to provide aid of upto Rs 50 lakh to startups in technical textiles

August 30, 2023

As per the guidelines, a memorandum of understanding (MoU) will have to be signed between the selected startups and the incubator. By Moneycontrol News August 29, 2023 / 04:00 PM IST To incentivise the incubators, the ministry will additionally provide 10 per cent of total grant-in-aid to...Read More

BGMEA seeks Korean investment in non-cotton textiles

BGMEA seeks Korean investment in non-cotton textiles

August 30, 2023

Korean envoy calls on BGMEA president Star Business Report Mon Aug 28, 2023 08:24 PM Last update on: Mon Aug 28, 2023 09:47 PM Korean Ambassador to Bangladesh Park Young Sik calls on BGMEA President Faruque Hassan at the BGMEA office in Dhaka today. Photo: BGMEA The Bangladesh Garment...Read More

Gokaldas Exports Limited (GEL) acquires Atraco to expand global presence

Gokaldas Exports Limited (GEL) acquires Atraco to expand global presence

August 30, 2023

By Maverick Martins Aug 29, 2023 Gokaldas Exports Limited (GEL) through its wholly owned subsidiaries has entered into an agreement to acquire Atraco Group (Atraco) a leading manufacturer of apparel with a strong market position across USA and Europe. The equity value of the transaction is...Read More

Prevent sale of yarns, fabrics imported under false declaration: Textile mill owners

Prevent sale of yarns, fabrics imported under false declaration: Textile mill owners

August 29, 2023

Reyad Hossain 27 August, 2023, 10:30 pm Last modified: 28 August, 2023, 07:29 pm Textile mills owners have written to the Customs Bond Commissionerate seeking its support alleging that yarn, fabric and dress materials imported under false declaration are selling in local markets through bond...Read More

Indian textile industry expects revival of orders soon

Indian textile industry expects revival of orders soon

August 28, 2023

MSME units likely to benefit, says industry official By M  Soundariya Preetha August 23, 2023 09:19 pm  Updated August 24, 2023 12:09 pm IST - COIMBATORE The textile industry is expected to see a revival of orders, especially from overseas markets, in the second half of this...Read More

QIA to invest ₹ 8,278 crore in Reliance Retail Ventures Limited at an equity value of ₹ 8.278 lakh crore

QIA to invest ₹ 8,278 crore in Reliance Retail Ventures Limited at an equity value of ₹ 8.278 lakh crore

August 26, 2023

-Transaction values RRVL among the top four companies by total equity value in the country -QIA’s investment comes as the Qatari fund seeks to further invest in India’s fast-growing economy Mumbai, 23 August 2023: Reliance Retail Ventures Limited (“RRVL”) announced...Read More

PVH takes backward step on ‘sustainable’ viscose

PVH takes backward step on ‘sustainable’ viscose

August 26, 2023

Written by David Styles 18 August 2023 NEW YORK – The amount of viscose being sourced ‘sustainably’ by brands owned by fashion giant PVH dropped markedly last year, despite the corporation having set a goal of reaching 100% by 2025. In 2021 a quarter of all viscose used...Read More

Abercrombie & Fitch raises sales forecast as new clothing styles attract shoppers

Abercrombie & Fitch raises sales forecast as new clothing styles attract shoppers

August 25, 2023

By Deborah Mary Sophia August 23, 20237:31 PM GMT+5:30 Aug 23 (Reuters) - Abercrombie & Fitch (ANF.N) raised its annual sales forecast on Wednesday after its second-quarter results comfortably beat estimates on strong demand for latest fashion styles at its Abercrombie label and improved...Read More

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