A significant blow struck the local company BEXIMCO Ltd. during the first half of the 2023–24 fiscal year, when sales fell by an astounding 64%, or Taka 2,500 crore. This is in line with reports, which also stated that although the company’s financial report states that goods worth Taka 1,441 crore were sold in the …
BEXIMCO Ltd. of Bangladesh reports a sharp 64% decline in H1 performance Read More »
To promote sustainable design, Swedish clothing store Kappahl has revealed its first collection of clothing with Digital Product Passports (DPP). Part of the Trace4Value project, which aims to improve sustainability through product transparency and is headed by Trust4Value, is this endeavor. The Göran children’s pants and the Olle children’s jumper are two pieces from Kappahl’s …
The first-ever textile digital product passport is released by Kappahl and Trace4Value Read More »
Swedish fashion retailer H&M is under pressure to show investors that it can turn things around and withstand fierce competition from fast-fashion competitors like China-founded SHEIN, which is about to go public in 2024, and Zara, whose sales are rising. H&M aims to attain an operating profit of 10% by the end of 2024. In …
H&M’s profit goal is in the spotlight as cost-cutting efforts pick up steam Read More »
The Apparel Export Promotion Council (AEPC) demanded tax benefits like increased interest subsidies and uniformity in GST on Wednesday to boost domestic manufacturing and India’s exports abroad. The AEPC has also asked for tax exemptions for clothing producers who adhere to international quality standards and other environmental, social, and governance (ESG) requirements. The council also …
In Budget 2024, apparel exporters hope to increase manufacturing through tax breaks Read More »
The sustainable apparel brand “Oshin” has been introduced by Mumbai-based designer and businessman Oshin Sarin. The brand sells entirely unisex designs and has debuted its first collection on its new online site. The brand’s clothing is categorized by “bodytype” rather than “menswear” and “womenswear,” per the label. This is meant to encourage people to develop …
“Oshin” is the new sustainable clothing brand that Oshin Sarin introduces Read More »
Damensch, a menswear brand, has partnered with Bettercommerce, a top London-based provider of e-commerce technology, to strengthen its online presence and improve customers’ entire purchasing experiences. Damensch hopes to use Bettercommerce’s strengths in this partnership to create an adaptable e-commerce platform that will propel its online growth. Co-founder of Damensch Gaurav Pushkar said in a …
Damensch enhances its digital capabilities by partnering with Bettercommerce Read More »
The New York-based fashion tech startup RANDOM AI has announced the release of its Minimum Viable Product (MVP). The platform, created by CEO Juan Atuesta and CMO Andres Fonseca, aims to leverage AI-driven personalization. Customers may now engage in fashion creation thanks to the company’s AI, which represents a change in the relationship between businesses …
RANDOM AI will introduce its AI-powered platform for designers of clothing Read More »
For Bangladesh to be eligible for GSP Plus facilities in the EU market after the country graduates in 2026, Charles Whiteley, the head of the European Union’s delegation to Bangladesh, has emphasized that the country must actively implement the 32 international conventions about the environment, labour, and human rights. According to media reports, Ambassador Whiteley …
EU delegate emphasizes adherence to international agreements for the GSP Plus program Read More »
The Uyghur Forced Labor Prevention Act (UFLPA) is being enforced more strictly, and the de minimis loophole has to be closed, according to the National Council of Textile Organizations (NCTO). This is because the Uyghur FLPA has caused significant disruptions in the US garment manufacturing industry. The House China Select Committee has called for DHS …
Impact of UFLPA enforcement gap on US apparel industry Read More »
Imane Ayissi kicked off Paris Haute Couture Week with a cozy ensemble full of eye-catching hues and textures. The Cameroonian-born Ayissi skilfully combined exquisite garments with commonplace items to showcase Africa’s rich textile and craftsmanship heritage. The colour scheme was bright and included orange, rust, turquoise, fuchsia pink, and red. Shiny cotton, silk crepe, shantung, …
Imane Ayissi honours African textile creativity by launching Paris Haute Couture Week Read More »