The Uttar Pradesh government is mulling giving 30 per cent discount on khadi products to boost the sales. “UP is the biggest market for khadi and has a huge demand for its products. We are considering to introduce 30 per
Zara owner Inditex reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its financial year, up 4 percent on the year, and maintained guidance for the second half of the year. The world’s largest
The Aditya Birla Fashion and Retail (ABFRL) is flying on industry expectations that the company will continue to report better performance in the coming quarters. Analysts anticipate that the owner of Louis Phillipe, Allen Solly and Peter England brands and
Sweden’s H&M, the world’s second-biggest fashion retailer, said that local-currency sales growth for its fiscal fourth quarter roughly matched market expectations. Local-currency sales including VAT in the September-November period rose 6 percent from a year earlier, against a mean Reuters
Taneira, the newly-launched ethnic wear brand from Titan, will open around 40-50 stores in the top 20 towns of the country in the next 5 years. The company had been doing pilot activities since the last 18 months before rolling
Standard Textile, leader in the hospitality and healthcare textile markets, is taking over the global hospitality business of Mascioni, Italy, including the Mascioni Hotel Collection brand. The brand markets bed, bath, table and spa products to luxury hotels worldwide. The
Home textiles maker Welspun India is targeting around half of its revenue from innovation-based products by 2021-22, according to company chief executive officer and joint mManaging director Dipali Goenka. Around 25-30 per cent of the company’s sale is attributed to
Hohenstein, a testing service provider and research partner in the textile industry, has opened a new textile testing laboratory in Gurugram, India. The new facility will be able to offer tailor-made services in one of the world’s textile hotspots. During
The Cotton Association of India (CAI) has estimated cotton crop for 2018-19 season beginning October 1, 2018, at 340.25 lakh bales of 170 kg each, which is lower by 3 lakh bales than its previous estimate of 343.25 lakh bales
Rieter, a Switzerland-based Leading supplier of systems for short staple spinning, held a Com4 Yarn seminar in India’s textile city of Ahmedabad. At the end of the seminar, attendees gained detailed technological knowledge of the 4 established yarn spinning systems
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