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CARBIOS has delayed its PET biorecycling plant construction in Longlaville by 6-9 months due to pending non-dilutive funding, targeting market readiness by 2027.
With ~$96.51 million cash reserves, CARBIOS aims to secure financing and control expenses, ensuring liquidity.
Interim CEO Philippe Pouletty announced strategic adjustments amid ongoing commercial discussions.Read More

GST Council, in its 55th meeting chaired by India’s Finance Minister Nirmala Sitharaman, decided to maintain the current tax rates on ready-made garments.
The proposal included raising GST to 35 per cent on high-end garments but faced strong opposition from the textile industry.
The meeting did not address or discuss the proposed tax hike.Read More

In Q2 and Q3 of FY25, four luxury fashion companies demonstrated a balanced performance.
Ralph Lauren and Brunello Cucinelli reported strong results with significant growth in sales and profits across various regions, particularly in Europe and Asia.
Conversely, Canada Goose and Salvatore Ferragamo experienced declines in revenue and profits, affected by weak markets in Asia Pacific.Read More

The resale market for apparel, accessories, and footwear grew faster than traditional retail in 2024, with spending surging from -3 per cent in summer to 5 per cent in October.
Pure-play platforms like Depop and ThredUp thrived, while brands like Clothes Mentor and Goodwill expanded.
Shoppers aged 25–44 and middle-income groups drove growth, seeking budget-friendly options.Read More

UK retail sales volumes are estimated to have risen by 0.2 per cent month on month (MoM) in November, following October’s 0.7-per cent fall.
Clothing stores sales volumes fell by 2.6 per cent MoM in the month, following October’s 3.5-per cent fall.
This left clothing stores sales volumes at their lowest level since January 2022, with retailers reporting that economic factors were affecting sales.Read More