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| 27 November, 2020, 08:12 PM IST | E-Paper
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    Garments / Textiles

    Relaxo Footwears to set up new facility at Rs 150 cr investment this fiscal

    Relaxo Footwears Ltd plans to invest Rs 150 crore in the current fiscal to set up a new manufacturing facility amid growing demand for open footwears such as slippers and sandals in the backdrop of the COVID-19 pandemic.

    Indian Chamber of Commerce announces launch of live web store exhibition

    The three-day long global online L2G (local to global) exhibition for Indian products under Atma Nirbhar Bharat Campaign is scheduled to begin on December 14, 2020, ICC said in a statement.

    AEPC urges commerce ministry to start talks for preferential trade deal with UK to boost exports

    Under a preferential trade pact, two countries significantly reduce or eliminate customs duties on certain numbers of goods to promote trade ties. The agreement, if implemented, would help in removing the tariff disadvantage faced by Indian apparels in the UK market.

    Arvind Fashions elevates Shailesh Chaturvedi as new CEO; veteran J Suresh to retire early next year

    Chaturvedi, currently CEO of Arvind’s other businesses including Tommy Hilfiger, Calvin Klein and Arrow, will assume charge in February when Suresh moves to an advisory role and the 64-year-old Suresh also continue to be on the board of Arvind Fashions. “Suresh is retiring on 31st January and Sailesh is taking over,” said one of the persons.

    Puma India notes premiumisation as a counter-intuitive trend as consumers divert funds this festive quarter

    "Pop-up stores will be an ongoing exercise as it is helping us build relationships with customers even after the pop-up leaves the society. In the next 45 days, we are opening about 10 offline stores. Several shop-in-shops with regional retail partners in Tier 2 and 3 cities are planned as well."

    'Govt to soon launch Focused Product Scheme with emphasis on man-made fibre, technical textiles'

    Capoor also urged the domestic players to focus on the top 10 technical textile lines globally constituting about USD 82 billion, in which India's share is a miniscule 0.6 per cent.

    Levi’s to double down on non-denim categories without losing share of contribution of denims as WFH continues to prevail

    Sanjeev Mohanty, managing director - South Asia, Middle East & North Africa, Levi Strauss & Co talks to ET’s Smita Balram on their business revival strategies and premiumisation journey post lockdown.

    Hennes & Mauritz overtakes rival Zara to become India's largest clothing brand

    H&M expanded sales 28% to Rs1582 crore during the year ended March 2020, according to its latest filing sourced from Altinfo, a data insights firm. In comparison, Inditex Trent, a joint venture with Tata that runs Zara stores in India, saw revenue rise 9% to 1,570 crore last fiscal.

    Grasim signs pact with Lubrizol to manufacture and supply CPVC resin in India

    "This collaboration with Lubrizol Advanced Materials is part of our long-term direction to bring in world class technologies to India and additionally complements our growth strategy in Chlor-Alkali and Derivatives platform,” said Mr. Kalyan Ram Madabhushi, CEO, global chemicals, Aditya Birla Group.

    In muted festive season, low-value items are a hit among ethnic wear shoppers

    In muted festive season, low-value items are a hit among ethnic wear shoppers

    “This is the make or break quarter for us for us to survive the pandemic,” said Mayank Mohanlal, director of the century-old ethnicwear retailer Mohanlal Sons that banks heavily on the wedding seasons. Apart from Diwali there are many sayas or the auspicious Hindu marriage dates are in the current quarter. “The next two months will determine what will happen.”

    Dollar Industries eyeing acquisition opportunities to enter lingerie business

    Dollar Industries eyeing acquisition opportunities to enter lingerie business

    "We are looking at inorganic opportunities to enter into the lingerie business. We have looked at some companies, but didn't get good value. We see huge opportunity in the lingerie business," Dollar Industries Chief Financial Officer Ankit Gupta told .

    Apparel exports rise 10% in September; on path of V-shaped recovery: AEPC

    Apparel exports rise 10% in September; on path of V-shaped recovery: AEPC

    Exports saw a growth of 10.2 per cent in September 2020 to USD 1.2 billion as compared with USD 1.079 billion in the same month a year ago.

    Apparel exporters' turnover to dip 25 pc in FY21, domestic retailers to see 40 pc revenue fall: Icra

    Apparel exporters' turnover to dip 25 pc in FY21, domestic retailers to see 40 pc revenue fall: Icra

    Icra projects the Indian apparel exporters to report a turnover decline of 20-25 per cent in FY21, compared to a steeper 30-40 per cent decline in revenues of companies focused on the domestic market, the report said.

    UK trade department hails Nalli Silks saree launch in London

    UK trade department hails Nalli Silks saree launch in London

    The Chennai-headquartered company's initial UK investment unveiled this week includes up to eight members of staff at a 2,500 square feet store in Wembley, the north London hub with a large Indian diaspora population.

    H&M to expand physical stores in India

    H&M to expand physical stores in India

    The company which opened its first store in India in 2015 currently has 48 outlets in 24 cities but may not open as many stores in the next five years as it also focuses on enhancing its digital presence.

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