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Indian textile sector achieves 8.49 billion dollars in exports, up 10 percent

India’s textile exports to 111 countries posted a 10 percent year-on-year increase in the April–September period, reflecting the sector’s resilience despite global economic headwinds and tariff-related challenges in key markets, the Ministry of Textiles said on Wednesday. These markets together contributed 8.49 billion dollars in the first half...

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Fossil Group posts Q3 sales decline despite ongoing turnaround efforts

Fossil Group, Inc. reported fiscal third-quarter 2025 results that reflect continued progress in its multi-year turnaround, alongside a major balance sheet milestone that executives say positions the company for long-term profitable growth. CEO Franco Fogliato highlighted the completion of a comprehensive refinancing this week, calling it a “...

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Birkenstock wins copyright dispute against Scapino in the Netherlands

Dutch retail chain Scapino has infringed the copyright of several Birkenstock shoe models. This was the conclusion reached by the Midden-Nederland court in a ruling published this week. Specifically, the decision concerns the Madrid, Arizona and Florida models, whose designs were copied to a “significant extent”, according to the court. Scapino...

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US to reinstate duty-free benefits for Guatemala and El Salvador imports

The US government has confirmed plans to reinstate duty-free treatment for qualified textile and apparel goods from Guatemala and El Salvador as part of the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). In order to reestablish the agreement, both regions were required to commit to a number of changes regarding...

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Two very partial takeover bids for footwear brand André

Two very partial takeover bids for the footwear brand André, which has been in administration since the end of April, were published on Thursday by the Paris Commercial Court. The first of these bids comes from the Brittany-based group Beaumanoir, owner of Sarenza, which has previously acquired Naf Naf, Jennyfer and La Halle. Beaumanoir,...

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EU backs small parcel duties to tackle China import flood

EU states on Thursday agreed to scrap a bloc-wide duty exemption on low-value orders from the likes of retail giants Temu and Shein to help tackle a flood of cheap Chinese imports. Currently there is no levy on packages worth less than 150 euros ($174) imported directly to consumers in the 27-nation bloc, in many cases via Chinese-founded...

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Fashion's deforestation challenge: COP30 urges action among leather supply chains

COP30 remains ongoing in Belém, Brazil, where its close proximity to the Amazon rainforest has highlighted an urgency for businesses to act on deforestation risks. Heightened scrutiny towards some of fashion’s biggest players, alongside upcoming European regulations, has intensified pressure on the sector. Despite growing awareness, significant...

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Richemont H1 financial results show resilient growth

For the six-month period ended 30 September 2025, Richemont delivered resilient growth despite persistent macroeconomic and geopolitical headwinds. Group sales reached 10.6 billion euros (12.3 billion dollars), up 10 percent at constant exchange rates and 5 percent at actual rates, with a strong acceleration in the second quarter where sales...

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Perfect Moment achieves 24 percent revenue growth and expanded gross margin in Q2

Perfect Moment Ltd., the high-performance luxury lifestyle brand known for blending technical excellence with fashion-forward design, reported strong financial and operational progress for its fiscal second quarter 2026 ended September 30, 2025. Revenue rose 24 percent year over year to 4.8 million dollars, driven by a stronger wholesale order...

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Multiply approves integration of Two Point Zero and Ghitha, boosts valuation to 28 billion euros

Madrid – Following the news reported by FashionUnited last week, an extraordinary General Shareholders' Meeting for Multiply Group, the parent company of Tendam, was held this Monday at its Abu Dhabi headquarters. The meeting was convened to address the complex financial transaction for the integration, via acquisition, of two Emirati companies...

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New report finds Leicester garment exploitation claims overstated

A new review presented to UK Parliament has found that allegations of worker exploitation and modern slavery in Leicester’s garment sector were not supported by evidence from formal investigations. The report, ‘Lessons Learned from Operation Tacit’, published in November 2025 by the director of labour market enforcement, Margaret Beels, suggests...

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An eye on payments: Ant International introduces iris payment via smart glasses

Ant International is integrating iris authentication into GlassPay, its smart glasses payment solution on the Alipay platform, for the first time. The Singapore-based financial technology company announced on Thursday that this new technology aims to make payments more secure and the shopping experience more seamless. It complements existing...