The textile and apparel manufacturer Raymond is looking to expand its presence in rural India by tapping the smaller towns and expects these markets to contribute around 10 percent to the overall sales of the company.
The latest update to the Changing Markets Foundation’s “Dirty Fashion” report has re-investigated two Aditya Birla textile factories in India and Indonesia and stated that conditions have worsened over the past year.
London-listed fashion e-tailer Koovs has delivered a trading update, unveiled a strategic plan to “deliver scale and profitability” and has also announced that it wants to raise £50 million as its cash reserves are low.
The American sportswear brand announced a series of initiatives designed to better serve its female sneaker consumers on Wednesday, including the launch of Nike Unlaced, a women’s sneaker platform and retail concept.
On February 28, Assocham released a study detailing expectations for India’s luxury market, including luxury fashion goods, to reach 30 billion US dollars this year and to expand fivefold in the next three years.