by DIGITAL MEDIA EXECUTIVE | May 23, 2023 | Corporate Update
The fastest growing family-owned American sock producer and top brand in the premium outdoor market, Darn Tough Vermont, announces the unification of its two sales areas into one. Adam Shapiro’s Hudson Valley Sales Group, which focuses on the Mid-Atlantic...
by DIGITAL MEDIA EXECUTIVE | May 19, 2023 | Import/Export
Even as it observes a downturn in demand for textiles, jewellery, technical items, and chemicals from the US and the EU, the Indian industry is optimistic about exports in FY24. In FY24, exporters anticipate growth of 11–13%. Exporters of cotton-based textiles and...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Garment
Amazon Smbhav Venture Fund led a new fundraising round of Rs 110 crore ($13.5 million) for the men’s knickers and lifestyle brand XYXX. The round also included participation from pre-existing institutional investors such as Sauce.vc, Anicut Capital, DSG Consumer...
by DIGITAL MEDIA EXECUTIVE | May 18, 2023 | Finance & Economy
INSIGHTS In April 2023, China’s manufacturing sector saw a YoY rise of 6.5%, while value-added industrial production increased by 5.6%. The nation’s value-added industrial production increased by 3.6% in the first quarter of 2023. The production of...
by DIGITAL MEDIA EXECUTIVE | May 17, 2023 | Import/Export
India’s exports to specific Asian and African regions decreased in FY23, which had a negative impact on global export growth. Despite the economic crisis and increased geopolitical dangers in the developed world, exports to the European Union and the US...
by DIGITAL MEDIA EXECUTIVE | May 16, 2023 | Finance & Economy
INSIGHTS According to estimates from the UK Office of National Statistics, the real monthly GDP decreased by 0.3% in March after registering no increase in February and a gain of 0.5% in January. In the first quarter of this year, the GDP grew by 0.1%. Manufacturing...
by DIGITAL MEDIA EXECUTIVE | May 5, 2023 | News & Insights
According to a report by the Statistics Ministry, spending on apparel had the highest growth rate among the numerous categories included in the Private Final Consumption Expenditure (PFCE) in FY22, followed by alcohol and footwear. However, the increase in food costs...
by DIGITAL MEDIA EXECUTIVE | May 5, 2023 | Event Update
headquartered in Southampton, UK Kingly, a company that produces in Sofia, Bulgaria, has been shortlisted for the BizX Awards’ Green Company of the Year award. The occasion honours the accomplishments, principles, and contributions of companies and their...
by DIGITAL MEDIA EXECUTIVE | May 4, 2023 | Country Report
The industrial sector in Germany is expected to continue growing for the rest of the year. The current state of the business climate has seen an improvement six times in a row. Order books are overflowing, and the slow recovery of the world economy will continue to...
by DIGITAL MEDIA EXECUTIVE | Apr 29, 2023 | Finance & Economy
The Bureau of Economic Analysis (BEA)’s preliminary estimate indicates that the US’ real gross domestic product (GDP) grew at an annual rate of 1.1% in the first quarter of 2023. In comparison to the fourth quarter of 2022, this is a decrease of 2.6%.The...
by DIGITAL MEDIA EXECUTIVE | Apr 29, 2023 | Environment/Ecosystem
The outcomes were miraculous. According to a survey by the Confederation of Indian Industry, Tiruppur decreased its water consumption by almost 50% over the course of ten years. The 300 dyeing units and 60 processing units in Tiruppur today recycle over 12 crore...
by DIGITAL MEDIA EXECUTIVE | Apr 28, 2023 | News & Insights
Via recognized diplomatic channels, Vietnam and Argentina are trying to strengthen their bilateral trade cooperation. Despite a minor decline in 2022, Vietnam’s cotton imports have increased significantly in the textile sector. Additionally, Vietnam has...
