… ($6 billion), bolstered by its textile, food, and FamilyMart convenience store …Read More
Lanvin Group has reported revenue of €329 million (~$351 million) in FY24, down 23 per cent YoY, citing a transitional year of creative and strategic realignment.
Gross profit fell to €183 million, mainly due to Wolford’s increased logistics costs.
Despite challenges in EMEA and Greater China, North America and Japan performed steadily.
DTC sales made up 61 per cent of total revenue.Read More
Kimberly-Clark will invest over $2 billion in its North America business over five years—its largest domestic expansion in over 30 years.
The plan includes a new facility in Warren, Ohio, and an automated distribution centre in South Carolina, creating over 900 skilled jobs.
The move supports manufacturing capacity, innovation, and long-term growth as part of its Powering Care transformation.Read More
Irish tourists need to apply for this crucial card 10 days before their next European holiday. Many people in Ireland might not realise they are entitled to a European Health Insurance Card (EHIC) which allows them to access public healthcare in another EU …Read More
Lectra is expanding its Valia Fashion platform to new key markets across the globe, including Mexico and Brazil.
The cloud-based system connects entire cutting rooms to automate and streamline each stage of apparel production and was first launched in the …Read More
Drewry World Container Index fell 3.05 per cent to $2,091 per FEU on May 1, 2025, amid ongoing trade uncertainty due to reciprocal tariffs.
Freight rates declined on major routes, with Shanghai–Rotterdam and Shanghai–New York seeing notable drops.
The index remains 80 per cent below its 2021 peak but is 47 per cent above 2019 levels.
Drewry expects further rate declines in the coming week.Read More
Refuting accusations of ‘overcapacity’ made by the United States and some other countries at a recent WTO meeting, China said there is no universally-recognised standard or methodology to define overcapacity.
At a meeting of the WTO committee on subsidies and countervailing measures, China condemned US ‘reciprocal tariffs’ and discriminatory subsidy policies for seriously undermining WTO rules.Read More
India Pesticides Ltd (IPL) has successfully commissioned the next phase of backward integration for PEDA, an intermediate for Pretilachlor Technical, raising capacity to 6,000 MT/year.
The company plans to boost it further to 8,500 MT by Q2 FY26.
This move aligns with the Aatma Nirbhar Bharat initiative, aiming to strengthen domestic manufacturing, efficiency, and export potential.Read More
US upland cotton net sales reached 108,400 RB for the 2024–25 season, up 4 per cent from the prior week but down 21 per cent from the four-week average.
Major buyers included Malaysia, Bangladesh, and Vietnam.
Pima sales rose to 13,200 RB. Exports totalled 366,000 RB, led by Vietnam and Turkiye.
Pima shipments dropped 73 per cent to 3,900 RB, primarily to India, Egypt, and Peru.Read More
Rossari Biotech will expand capacity at its subsidiaries Unitop and Tristar.
Unitop plans to add 18,500 MTPA by Q4 FY26 with an investment of $9.24 million, aimed at supporting new product lines and boosting competitiveness.
Tristar will add 3,600 MTPA to its 15,000 MTPA capacity with $2.4 million to upgrade equipment, enhance efficiency, and cut maintenance costs.Read More