Inditex SA, the parent company of Zara, has committed US $50 million to a fund established by the International Finance Corporation (IFC), the World Bank’s private-sector arm, to provide low-cost financing to suppliers investing in energy efficiency and emissions reduction.
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Vardhman Polytex Limited has reached an amicable settlement with M/s. Bhagwati Cotton Company, resolving insolvency proceedings initiated against the textile manufacturer before the National Company Law Tribunal (NCLT), Chandigarh Bench.
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Retail
India’s Online Festive Sales Grow 17% to US $15 Billion; Ethnic Wear Sees Double-Digit Growth
India's online festive sales grew 17% year-on-year to Rs. 1.41 lakh crore (approx US $15 Billion) in 2026, although the apparel market recorded mixed growth, with several retailers reporting sales below industry expectations.
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Tirupur’s domestic knitwear trade ahead of Diwali 2026 was estimated at over Rs. 8,000 crore (US $851 Million), compared with Rs. 7,300-7,500 crore (US $777 Million-US $798 Million) last year.
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Sanathan Textiles reported a 120.5% year-on-year increase in consolidated revenue to Rs 1,804 crore (US$190.1 million) in Q2 FY27. Net profit rose 204.5% to Rs 61.2 crore (US$6.4 million), supported by the ramp-up of its Punjab facility and higher capacity utilisation.
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Decathlon India reported an 8.35% year-on-year increase in revenue from operations to Rs 4,478 crore (US$471.8 million) in FY26 and returned to profitability with a net profit of Rs 63 crore (US$6.6 million), compared with a loss of Rs 65 crore (US$6.8 million) in FY25.
