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

Max Fashion Launches Third Udupi Store

Max Fashion Launches Third Udupi Store

August 25, 2023

17-08-2023 MaxFashion 17 August 2023, Mumbai. India's leading fashion brand, Max Fashion, has unveiled its third store in Udupi at Mandavi Times Square Mall, Kalsanka. This marks the 65th store in Karnataka, reflecting the brand's commitment to elevate the city's style...Read More

CM Eknath Shinde Urges Swift Processing of Textile Mill Worker Housing Applications

CM Eknath Shinde Urges Swift Processing of Textile Mill Worker Housing Applications

August 23, 2023

The CM also directed BMC officials to commence work on the Textile Mill Museum in the city, adding that the kin of mill workers will be provided jobs at the museum. FPJ News Service Updated: Tuesday, August 22, 2023, 12:25 AM IST Mumbai: Chief Minister Eknath Shinde directed officials on...Read More

Coats Digital Named as Finalists in Four Categories at The SaaS Awards 2023

Coats Digital Named as Finalists in Four Categories at The SaaS Awards 2023

August 23, 2023

Coats Digital’s unique, time-cost benchmarking solution, GSDCost, recognised for delivering real ROI and supporting a more collaborative, transparent and sustainable global fashion supply chain Press Release Coats Digital 23rd Aug 2023 LONDON, UK – August 22, 2023 –...Read More

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

Textile stocks in demand; Gokaldas, Indo Count, KPR surge up to 6%

August 22, 2023

Government initiatives like signing of FTAs with multiple countries & stability in export incentive policy to provide robust opportunities for Indian exporters.  By SI Reporter, Mumbai 3 min read  Last Updated: Aug 21 2023 | 10:50 AM IST Shares of textiles companies rallied...Read More

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