Trident Limited, the India-based largest manufacturer of terry towels and one of the largest integrated home textile manufacturers in the world, has commenced commercial operations at its expanded yarn segment.
Welspun India Ltd witnessed over four-fold jump in consolidated net profit to Rs 223 crore ($30 million) in the first quarter ended June 30, as against a net profit of Rs 54 crore it had reported in the year-ago period.
Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann.
The Lenzing Group, Austrian-based supplier of wood-based specialty fibres for the textile and nonwoven industries, recorded a significantly improved development of its operating result in the first half of 2021.
Filatex India, a manufacturer of polyester filament yarn and polypropylene filament yarn, will set up additional manufacturing facilities for 120 TPD of polyester partially oriented yarn at its plant in Gujarat.
Uncertainties arising out of the pandemic still persist despite expectations of domestic market coming back to form as the second wave of Covid-19 recedes, according to Arvind Ltd chairman Sanjay Lalbhai.
Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Siblings Palak Shah and Aarohi Shah have joined forces to launch a collaboration between their respective brands, Ekaya Banaras, and Arohi. The collaborative collection mixes handloom heritage with a bold modernity.
Value fashion retailer V-Mart Retail Ltd has signed a deal to acquire all existing stores of 'Unlimited' from Arvind Lifestyle Brands Ltd (ALBL), a wholly-owned subsidiary of Arvind Fashions Ltd (AFL).
While the health situation in textile manufacturing countries like Vietnam, Indonesia and Pakistan is critical, there is concern in Bangladesh about the effects an imminent lockdown would have on its textile industry.