MAHENG/2007/20880 Vol. 14 No. 281
PLG/67/2021-2023 Pages 06
COVID – 19
UPDATE
Maharashtra
6482117 137707
Total Cases Total Deaths
BSE (03 Sept. 2021) - Reliance 2,388.25 94.60 (+4.12%)
Aim to increase Textiles Exports 3 times from present Export
value of $33 bn to $ 100 bn of Textiles Exports at the earliest
New Delhi: "We must aim to
increase textiles exports 3 times
from present export value of $33
bn to $ 100 bsssn of textiles
exports at the earliest "said Shri
PiyushGoyal , Union Minister for
Commerce & Industry, Textiles,
Consumer Affairs and Public
Distribution while interacting with
the leaders of Textile Industry in
India.
He said that we must all
collectively resolve to reach the
target of $ 44 bn of exports in
2021-22 for Textiles & Apparel
including Handicrafts.
Textile sector is expected to
surpass all past records.
The Minister said that his
Textile Ministry is working closely
with MOF to resolve the issue
of old dues on incentives for
Exporters .
He said that Government
Perfect Storm of Factors point toward a Bull Market for Cotton – ICAC
Mumbai: Strengthening
world cotton demand, an
expected imbalance in cotton
supply and demand and tighter
ending stocks indicate that the
cotton industry is heading toward
a bull market.
One month into the 2021/22
season, cotton prices have been
trending upward with the Cotlook
A index season average at 101.34
cents per lb.
Cotton prices are also high
in China, with the CC Index
averaging 126 cents/lb since the
season began.
The resurgent Covid virus
remains a threat that could derail
the market rally but the opening
Mumbai, Monday, 06 September 2021
WORLD
221,503,433 4,580,957
Total Cases Total Deaths
Tamil Nadu
2621086
Total Cases
Welspun India 126.30 0.90 (-0.71%)
is always open to consider all
industry requirements.
He said thatIndustries that
don’t depend on Subsidies thrive
much more.
Shri Goyal furtherstated
that PLI Scheme for Textiles
& MITRA Parks Scheme is at
advance stage of Approval.
He added that story of Indian
Textile Industry and our weavers
have been using centuries old
knowledge, craft & techniques to
create timeless fabrics.
The level of artistry &
intricacy is unparalleled. The
world would have never
experiencedthese products, if
it hadn't been for our ‘Textile
Exporters.’
The Minister mentioned that
India has met all of its international
service commitments, which has
made us the trusted partner of
of economies and an increase in
consumer demand that occurred
when the vaccinations began
Posted Under Regn. No.
INDIA
33,027,136
Total Cases
Karnataka
35000 2954047
Total Deaths Total Cases
the world.
He added it may be noted
that India is showing signs of
robust economic recoveryas the
GDP in Q1 2021-22 grew by a
phenomenal 20.1% and 90%
growth was seen in total FDI
inflow in 1st three months of FY
2021-22 as compared to same
period last year.
The Merchandise exports
in August, 2021 is ~ $ 33 bn,
which is up by 45% over 2020-
21 & up 27.5% over 2019-20 and
merchandise exports for April-
August, 2021is ~ $164 bn, up
by 67% over 2020-21 & up 23%
over 2019-20.
The Minister said that
he was extremely proud of the
achievements of Textile Industry.
Shri Goyalsaid that we must
all collectively resolve to reach
the target of $ 44 bn of exports
in 2021-22 for Textiles & Apparel
including Handicrafts.
The Minister said that we
can no longer be satisfied with
small increments, its time for a
quantum jump.
Shri Goyalcalled upon the
Industry to aim to increase textiles
exports 3 times from present
export value of $33 bn (i.e. Cross
$ 100 bn of textiles exports) at the
earliest andenhance domestic
production to $ 250 bn as well
in a very quick time.Shri Goyal
spreading across the globe
indicate that consumption doesn’t
appear to be slowing down.
440,785 40,800,172
Total Deaths Total Cases
37401 1437929
Total Deaths Total Cases
Raymond 416.30 3.25 (-0.77%)
said that exporters must back the
expectations of the nation with
their Effort, Expertise & Efficiency.
They shouldexplore new
marketsand also share market
intelligence/demand info with
others.
ShriGoyal asked the
Industry leaders to handhold
small exporters & guide them.
The Minister added that
Government & Exporters are
partners in India’s growth story
and Government aims to provide a
conducive ecosystem, to explore
our competitive & comparative
advantage.
These include simplification
of laws, reduction of compliance
burden, RoSTCL&RoDTEP
notified, etc.
The Minister said that the
Launch of Indian brand “Kasturi
With demand exceeding
production, ending stocks are
expected to decline for the
second year in a row to stand at
19.7 million tonnes in 2021/22,
5% lower than the previous
season.
World cotton production for
the 2021/22 season has been
revised to 24.9 million tonnes,
with area under cotton also
revised to 32.8 million hectares.
As a result of these bullish
factors, the Secretariat’s current
price forecast of the season-
average A index for 2021/22
ranges between 76 cents to 126
cents, with a midpoint at 98.20
cents per pound.
USA
666,214
Total Deaths
NCT of Delhi
25082
Total Deaths
For More Turn to Page 02
Cotton” with international fibre
quality, has opened great new
opportunities for Textile Industry
to expand business opportunities.
Shri Goyal furtherstated
that he personally has been
interacting with different nations
to expedite FTAs/PTAs (UK, EU,
Australia etc.). It will provide new
avenues to build a loyal customer
base.
The Minister said that
Textiles sector has the Power,
Promise & Potential to realise the
goal of ‘Local goes Global - Make
in India for the World’
Speaking on the occasion,
Smt. DarshnaJardosh, Minister
of State for Textiles and Railways
said that Indian Textiles and
Apparel industries should
increase their efficiency.
She also stated that textiles
sector empowers the women as
most of the women are engaged
in this sector and earning their
livelihood.
Secretary Textiles, Shri U. P.
Singh in his welcome address said
that Government and exporters
are partners in India’s growth
story and Ministry has adopted
a holistic development model
supported by infrastructure and
cluster development, technical
textile mission, performance
linked incentives and a zero rated
tax policy on exports to restore
India’s pride in the global textile
market.
P r o m i n e n t Te x t i l e s
exporters and industry leaders
participated in the interaction held
to discuss measures to boost
manufacturing and enhance
exports.

Global Textiles & Apparels,
Mumbai, Monday, 06 September 2021
Textiles & Apparels
BSE (03 September 2021)
Company Name Last Price % Chg 52 wk 52 wk Market Cap
High Low (Rs. cr) Turkey 6,498,054 19,391 58,106 269 5,930,665 24,289 509,283
KPR Mill 1,970.40 2.35 2,086.25 537.10 13,558.32
Welspun India 126.30 -0.71 145.45 51.15 12,689.68
Lux Industries 4,066.75 -0.37 4,500.00 1,316.05 12,229.40
Trident 23.60 4.89 23.60 6.00 12,026.46
Alok Industries 22.30 0.45 34.50 18.25 11,072.49
Garware Technic 3,270.00 2.99 3,640.50 1,736.95 6,742.14
Indo Count 246.40 4.38 285.00 68.00 4,863.93
Rupa and Comp 433.95 -0.45 547.00 173.75 3,450.97
Swan Energy 132.55 -1.08 175.55 108.20 3,237.63
PDS Multi 1,233.60 0.77 1,548.00 264.00 3,213.12
Raymond 416.30 -0.77 473.90 252.25 2,771.46
Himatsingka Sei 249.90 -0.28 279.90 72.00 2,460.44
Arvind 92.65 -0.86 115.50 28.70 2,398.93
Mayur Uniquoter 478.15 0.43 545.95 228.00 2,131.48
Dollar Ind 357.05 -0.33 389.90 127.00 2,025.05
Filatex India 89.50 -1.59 117.75 22.50 1,991.06
Bombay Dyeing 94.10 0.59 112.75 60.40 1,943.49
Siyaram Silk
Nahar Spinning
363.05
392.00
0.65 456.05 130.00
1.96 476.00 33.20
1,701.62
1,413.76
Sportking India 4,222.35 2.99 4,925.00 257.05 1,402.58
Indo Rama Synth 49.75 -1.68 62.65 18.70 1,299.04
Jindal Worldwid 62.60 -1.88 90.50 44.00 1,255.26
Nitin Spinners 217.40 2.74 295.00 34.95 1,222.22
Kitex Garments 171.30 4.39 224.45 91.75 1,139.15
Ganesha Ecosph 514.00 0.03 687.70 239.00 1,122.03
Kewal Kiran 831.5 -1.71 1,036.00 704.00 1,024.83
Future Life 50.50 -2.13 134.70 46.60 1,018.96
Sutlej Textiles 61.85 -1.67 81.05 20.00 1,013.28
Century Enka 452.00 -1.08 518.00 155.00 987.65
Ambika Cotton 1,525.45 1.03 1,730.00 603.05 873.32
Gokaldas Export 198.70 4.99 236.00 52.00 861.48
Rajapalayam 998.15 0.35 1,354.00 478.67 858.96
Cheviot Company 1,357.30 1.75 2,055.55 601.00 850.60
Vishal Fabrics 120.90 3.03 372.15 40.75 796.37
S P Apparels 308.75 0.57 360.95 62.00 793.26
Monte Carlo 347.45 -0.42 389.35 155.00 720.34
RSWM 303.90 -1.12 438.75 81.20 715.71
Pearl Global In 313.95 -2.82 474.35 136.45 680.14
Sangam India 137.15 1.44 173.80 45.10 595.53
Binny 254.60 -3.60 320.00 73.00 568.25
AYM Syntex 98.30 9.96 98.30 23.55 493.01
Ruby Mills 274.85 -0.40 349.30 147.00 459.55
Nahar Ent 110.85 4.33 148.45 22.75 441.57
Nandan Denim 80.50 -0.49 90.00 18.25 386.79
Mallcom (India) 604.15 -1.63 721.25 211.05 376.99
Shri Dinesh Mil 649.45 0.14 659.95 106.05 363.73
Ashima 18.95 -1.56 21.50 5.80 363.20
Sarla Performan 41.80 -1.53 51.00 15.80 349.04
Loyal Textiles 662.80 2.51 875.00 202.00 319.23
Maral Overseas 75.90 -0.78 97.75 10.77 315.05
Donear Ind 60.50 3.33 67.65 19.00 314.60
Banswara Syntex 174.55 0.29 255.85 66.10 298.76
Bannari A Spg 92.60 0.38 113.00 39.03 291.77
Zodiac Clothing 113.65 0.53 153.80 85.05 281.39
Raghuvir Synth 694.05 5.00 705.15 171.50 268.94
Pasupati Acrylo 28.60 1.60 38.85 8.50 254.92
Shiva Texyarn 194.00 -1.52 275.15 74.60 251.48
Ginni Filaments 31.25 -0.16 42.20 10.75 247.34
JCT 2.82 4.44 4.38 0.73 244.87
Lakshmi Mills 3,418.55 0.94 3,785.95 1,440.05 237.78
KG Petrochem 398.00 0.29 433.20 82.75 231.45
Bombay Rayon 7.00 -3.71 15.85 6.31 222.23
Indian Acrylics 15.70 2.28 24.25 7.00 212.46
Surat Textile 9.34 3.89 15.70 2.03 207.41
Orbit Exports 73.25 0.69 99.40 52.00 200.58
Super Sales 650.00 1.56 765.00 218.00 199.65
R&B Denims 140.55 3.35 152.65 25.20 196.70
Junction Fabric 194.50 -4.00 227.00 39.00 195.25
Mafatlal Ind 138.10 0.91 196.00 74.00 193.26
JBF Industries 22.25 4.71 50.20 6.80 182.16
Deepak Spinners 252.25 1.06 464.85 59.05 181.35
Pioneer 66.35 -3.35 79.40 18.80 176.43
Indian Terrain 41.35 8.82 52.35 26.60 169.91
Lovable Lingeri 111.70 -0.93 145.60 50.20 165.32
VTM 40.50 0.75 45.50 17.25 162.92
Jasch Ind 137.30 -1.05 174.00 23.80 155.56
Premco Global 465.95 -1.06 525.10 74.80 153.99
SPL Industries 51.20 -0.78 64.70 23.00 148.48
VIP Clothing 17.85 1.42 27.80 8.40 147.43
TT
Reliance Chemo
66.00
164.75
1.23 79.95 30.25
-3.63 179.80 47.95
141.89
124.28
Suryalata Spg 271.55 -1.34 494.55 70.30 115.87
Amarjothi Spin 169.85 0.95 223.00 45.45 114.65
KG Denim 42.75 3.26 59.65 17.40 109.60
Salona Cotspin 195.10 -2.77 249.75 42.20 102.67
Winsome Textile 50.00 2.15 68.95 11.67 99.10
Damodar Ind 42.00 0.36 56.95 20.10 97.86
RRIL 12.17 -3.03 16.50 1.77 95.48
Suryalakshmi Co 56.45 3.58 77.90 14.80 94.12
PBM Polytex 135.00 -2.88 184.45 32.30 92.87
Ludlow Jute 85.55 0.77 102.00 70.00 92.16
Sambandam Spin 213.65 3.21 283.80 45.20 91.11
DCM 48.75 2.63 63.75 17.00 91.05
Mahalaxmi Rub 64.45 2.22 70.10 25.55 85.85
Vijay Textiles 46.65 -0.11 58.80 32.00 85.39
www.gtanews.in
Associations & Company affairs 02
COVID – 19 Cases (Top 20 Country) on estimate
Country Total New Total New Total New Active
Cases Cases Deaths Deaths Recovered Recovered Cases
World 221,503,433 413,203 4,580,957 6,342 197,993,347 422,514 18,929,129
USA 40,800,172 31,248 666,214 357 31,315,475 14,598 8,818,483
India
Brazil
33,027,136
20,890,779
39,521 440,785
12,915 583,628
218 32,174,493
266 19,862,438
43,917 411,858
23,526 444,713
Russia 7,012,599 18,645 187,200 793 6,270,731 15,256 554,668
UK 6,978,126 37,011 133,229 68 5,609,575 23,084 1,235,322
France 6,836,452 10,410 114,905 49 6,362,008 5,746 359,539
Argentina 5,203,802 1,397 112,511 67 4,901,031 5,043 190,260
Iran 5,129,407 25,870 110,674 610 4,362,814 29,922 655,919
Colombia 4,918,649 1,669 125,278 48 4,750,020 3,474 43,351
Spain 4,877,755 84,795 4,418,343 374,617
Italy 4,571,440 5,315 129,515 49 4,305,223 5,602 136,702
Indonesia 4,129,020 5,403 135,861 392 3,837,640 10,191 155,519
Germany 4,013,808 8,314 92,863 14 3,768,400 4,800 152,545
Mexico 3,420,880 15,586 262,868 647 2,757,795 12,910 400,217
Poland 2,890,484 323 75,379 2,657,527 197 157,578
South Africa 2,819,945 5,931 83,419 76 2,594,857 8,211 141,669
Ukraine 2,297,534 1,379 53,983 17 2,212,720 407 30,831
Peru 2,154,132 198,447 N/A N/A N/A
Philippines 2,080,984 20,019 34,234 173 1,889,312 20,089 157,438
Netherlands 1,954,233 2,347 18,037 2 1,863,086 2,898 73,110
COVID – 19 Cases (Top 20 States) on estimate
State Active Recovered Deceased Confirmed
Cases Cases Cases Cases
Maharashtra 55559 6288851 137707 6482117
+2506 +64 +4130
Kerala 250619 3909096 21422 4181137
+25910 +142 +29682
Karnataka 17772 2898874 37401 2954047
+1620 +21 + 983
Tamil Nadu 16315 2569771 35000 2621086
+1610 +20 +1575
Andhra Pradesh 14883 1990916 13903 2019702
+1525 +16 +1502
Uttar Pradesh 250 1686323 22854 1709427
+15 +26
West Bengal 8679 1524194 18491 1551364
+707 +08 +700
NCT of Delhi 354 1412493 25082 1437929
+63 +55
Odisha 6413 996300 8040 1010753
+826 +05 +681
Chhattisgarh 381 990674 13556 1004611
+46 +46
Rajasthan 86 945086 8954 954126
+10 +10
Gujarat 148 815246 10082 825476
+16 +15
Madhya Pradesh 114 781607 10516 792237
+09 +22
Haryana 639 760221 9683 770543
+13 +02 +09
Bihar 66 716025 9654 725745
+25 +11
Telangana 5673 649757 3883 659313
+366 +03 +306
Punjab 344 583997 16439 600780
+40 +02 +35
Assam 6403 579563 5693 591659
+634 +10 +542
Jharkhand 133 342676 5133 347942
+16 +01 +09
Uttarakhand 393 335303 7388 343084
+30 +01 +14
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Global Textiles & Apparels,

Mumbai, Monday, 06 September 2021 Associations & Company affairs 03
China Viscose listed Companies in H1 2021 India's GDP expanded by in Q1 FY22 - ICRA
Mumbai: India’s real gross domestic second half of FY22, with the extent of the
product (GDP) expanded by a record-high upside to be dictated by whether the recent
of 20.1 per cent in year-on-year (YoY) acceleration in vaccine administration
terms in the first quarter of this fiscal (Q1 is sustained. A potential third wave, and
FY22) in line with rating agency ICRA’s whether the existing vaccines are able to
forecast of 20 per cent. protect against any new variant that might
But the sharp expansion is analytically emerge, remain key risks.
misleading as the real GDP in Q1 not only
posted a sequential slowdown of 16.9 per
cent over Q4 FY21, but also trailed the pre- U.S. Export Sales
COVID level of Q1 FY20 by a considerable Mumbai: The Cotton Net sales of
9.2 per cent. 105,200 RB for 2021/2022 were primarily
ICRA said that as anticipated, the for Pakistan (27,600 RB), Vietnam (17,200
distorted base of last year's stringent RB, including decreases of 8,800 RB),
nationwide lockdown obscured the impact Turkey (14,400 RB), Ecuador (8,800 RB),
China: The commodity market saw products increased significantly to 40.97% of the second wave of COVID-19 that was
drastic fluctuation in the first half of 2021 (compared to 13.97% in the same period and China (8,400 RB). Total net sales for
accompanied by staggered state-wise 2022/2023 of 23,800 RB were for Turkey.
amid the expectation of global loose of last year). The sales value of VFY restrictions in Q1 FY22.The Gross value
monetary policy and demand recovery, increased by 55%, while gross profit margin The Exports of 168,600 RB were
added (GVA) at basic prices displayed a primarily to Turkey (33,400 RB), China
especially the resources in upstream declined by 10.53%. YoY expansion of 18.8 per cent in Q1 FY22,
segment. Viscose products witnessed Zhongtai Chemical: chlor-alkali (33,000 RB), Vietnam (25,000 RB), Pakistan
exceeding ICRA’s forecast of 17 per cent. (18,900 RB), and Bangladesh (17,400 RB).
a wave of gains at the beginning of chemicals and viscose textiles are two This was driven by industry and services.
this year, but returning to fundamentals major businesses of the company. During Net sales of Pima totaling 14,500 RB were
The GVA growth of agriculture, primarily for Peru (6,300 RB), India (6,200
subsequently. Let us review the financial the reporting period, the falling revenue of forestry and fishing was healthy at 4.5 per
results of viscose listed companies in the the company was attributed to the disposal RB), Austria (500 RB), Taiwan (400 RB),
cent in Q1 FY22, with a robust rabi harvest. and Egypt (400 RB).
first half of year. of 60% of Shanghai Duojing's equidity. The GVA trailed the pre-pandemic
Aoyang Health: Funing Aoyang The trading revenue of the company The Exports of 4,700 RB were
level by 7.8 per cent, led by all the sub- primarily to India (2,200 RB), China (1,200
Technology Co., Ltd, a subsidiary of the dropped much year on year after losing sectors except agriculture and electricity.
company whose business is chemical power of control. The production of viscose RB), Honduras (800 RB), Peru (300
ICRA expects GDP growth in Q2 RB), and Guatemala (100 RB). Optional
fibers had operating income of 874 million fiber and rayon yarn totaled 280kt and FY22 to be in between 7.8 per cent and 8.8
yuan in the first half of 2021 (compared 148.1kt respectively, respectively up 50.3kt Origin Sales: For 2021/2022, the current
per cent, with the absolute GDP trailing the outstanding balance of 8,800 RB is for
to 488 million yuan in the same period of and 7.6kt year on year. pre-pandemic level on account of a delayed
2020) and net profit of -816 million yuan The operating revenue was 1.19 Pakistan. The Exports for Own Account:
recovery in the services sector. For 2021/2022, the current exports for own
(compared to -213 million yuan in the billion yuan and 1.552 billion yuan ICRA also expects real GDP to
same period of 2020). During the reporting respectively, respectively up 46.77% and account outstanding balance of 4,800 RB is
exceed the pre-pandemic levels in the for China (4,700 RB) and Vietnam (100 RB).
period, the company's VSF business 55.12% year on year.
was sold to Sateri China Investment Co.,
Ltd and was approved by the general
meeting of shareholders and anti-monopoly
investigations. The substantial loss of the
company was mainly cuased by the large-
scale provision of asset impairment for
related assets when divesting viscose-
related business.
Jilin Chemical Fiber: the company is
mainly engaged in VSF and VFY production
and sales and is actively transforming by
developing carbon fiber industry.
The company's review and net
profit have increased significantly from
2020, owing to sharp increase in sales of
related products. The sales of VFY and
VSF increased by 44.8% and 175.52%
respectively and the price of VSF also
rose greatly.
Aoyuan Beauty Valley (originally
known as "Kinghand"): the company was
originally engaged in real estate, new
materials and medical beauty-related
business. During the reporting period,
in order to better achieve its strategic
goals, the company divested its real
estate business and acquired two medical
aesthetic hospitals.
The phase I 40kt/yr lyocell fiber
line of its 100kt/yr project was put into
operation. Now the chemical fiber segment
accounts for 26% of its total revenue. After
the real estate business was divested, the
chemical fiber sector may become one of
the company/s main businesses.
Nanjing Chemical Fiber: the company
mainly produces VSF and lyocell. The VSF
business is operated by the wholly-owned
busidiary-Jiangsu Jinling Cellulose Fiber
Co., Ltd that produced 22.6kt of VSF in
the first half of 2021, up 8.4kt year on
year, realizing the revenue of 187 million
Excellence
yuan and net profit of -16 million yuan. The
weaved in every achievement!
lyocell business is operated by Nanjing Wellknown Polyesters Ltd. prides in being
Jinling Bio-based Fiber Co., Ltd whose the state-of-the-art manufacturing facility
operating revenue and net profit during the which promises to deliver commitment in
reporting period was 22 million yuan and the form of modern age products.

WEAVING
138 million yuan respectively. The higher Technologically sound, Wellknown, is the
net profit than operating revenue is mainly largest producers of quality polyester yarns
because that the company sold part of
using unparalleled technology, Barmag-
idled land.
Wings with EVO for POY and FDY- the first

THE WARP
Sanyou Chemical: the company's
major products are VSF, soda ash, PVC, manufacturers to implement in the world.
caustic soda and silicone. During the
The modern manufacturing facility,
reporting period, prices of major products
equipped with the latest Oerlikon Barmag
of the company generally increased,

& WEFT
pushing up operating revenue and net technology for Continuous Polymerization
profit significantly. In the first half of 2021, (CP), POY, FDY, PSF, DTY, & ATY is a testament
the production and sales of VSF totaled to its quality deliverance.
383.5kt and 341kt respectively, up 33.1kt
Spreading its wings across 50+ countries,
but down 6.4kt respectively. The net profit
of viscose segment was 488 million yuan, fortified with specialized yarns of over 200
which was -161 million yuan in the same varieties, Wellknown is a force to reckon for
period of 2020. when it comes to undisputed excellence.
Xinxiang Chemical Fiber: the
company mainly produces and sells VFY
and spandex. The substantial increase of
operating revenue and net profit during 14th Floor, B wing, Nirmal, 241/242, Backbay Reclamation, Nariman Point. �umbai � 400021
the reporting period is mainly owing to Tel.: 91-022-66207000 Fax.: 91-022-66207050 Email : info@wellknown.net.in Website : www.wellknown.net.in
the increase in volume and price and
spandex. The gross profit margin of the

Global Textiles & Apparels,
Mumbai, Monday, 06 September 2021
Ralph Lauren Increff signs deal with
partners with ZEPETO Namshi & Aramex
Mumbai: Ralph Lauren has
announced a new collaboration with
ZEPETO – a global social networking and
avatar simulation app – where users can
immerse themselves in a fully articulated
virtual world with a personalised 3D avatar
and socialise with other users.
Named as Ralph Lauren x ZEPETO,
the partnership consists of a digital apparel
collection and a thematic virtual world.
Ralph Lauren apparel is reimagined
for the digital world of ZEPETO, allowing
users to wardrobe their 3D avatars with
exclusive product.
The world of Ralph Lauren will be
brought to life through three distinct digital,
interactive spaces that celebrate the iconic
spirit, energy and attitude of the brand,
including the Madison Avenue Flagship
Store, Ralph’s Coffee Shop and Central
Park — all in New York City.
The collection features 12 looks,
including over 50 unique items, representing
a mix of vintage Polo Ralph Lauren styles
and pieces from Polo Ralph Lauren’s
current summer collection.
The collection also includes
special items such as two limited edition
skateboards, designed exclusively for the
virtual Ralph Lauren x ZEPETO collection.
Home Textiles
Companies Semi Year
Financial Report
Luolai Group revealed its semi-year
report, and its business income and net
profits reached 2.526 billion yuan and
0.282 billion yuan respectively, up 32.54%
and 68.85% year on year.
Its business income and net profits
are leading among listed peers.
In terms of the growth rate, Mercury
leads in total business income and profit.
D u r i n g th e report ing period,
it achieved business income of
approximately 1.619 billion yuan, a year-
on-year increase of 38.8%; net profit
attributable to shareholders of listed
companies was approximately 164 million
yuan, an increase of 72.43% year-on-year.
The 14th Five-Year Plan points out
that future consumption is information
consumption, digital consumption, green
consumption, customized consumption,
experiential consumption and fashion
consumption.
In addition, it also points out the
rise of own brands. The four major areas,
cosmetics, garments, home textiles and
electronic products will give priority to
cultivating high-end brands belonging to
China.
The national home textile brands are
indeed upgrading to enhance the image
of high-end brands.
On the one hand, manufacturers
emphasize on the product, improve
product quality, and explore emerging
directions.
On the other hand, manufacturers
also take customer needs as the king,
refine and optimize market segments
from multiple angles, and adopts multiple
marketing models, especially the epidemic
has changed people's consumption
habits.
Brand owners use short videos,
live broadcasts, co-branding, etc. to lure
customers through multiple channels.
According to the National Bureau of
Statistics, the sales areas of commercial
housing in China were 1016.48 million
square meters in January-July, 2021, up
21.5% year on year, and up 14.5% from
the same period of 2019.
The sales area of residential
buildings increased by 22.7%, the sales
area of office buildings increased by 6.3%,
and the sales area of commercial buildings
increased by 3.8%.
The sales value of commercial
housing was 10.643 trillion yuan, up
30.7% year on year, and up 28% from the
same period of 2019.
The sales value of residential
buildings increased by 33.1%, the sales
value of office buildings increased by
9.1%, and the sales value of commercial
buildings increased by 5.0%.
Mumbai: Increff, an Indian data
technology venture in the fashion and
lifestyle segment, finalised partnership
deals with two prominent fashion and
logistics brands in the UAE – Namshi and
Aramex.
The companies have gained access
to Increff’s multichannel smart fulfilment
platform, Assure, helping with process
automation, improved manpower efficiency
and reduced operational costs by 20 to 25
per cent through limited dependency on
skilled labour.
For Increff, the tie-up with Namshi
and Aramex will be the second major
partnership, following the company’s
collaboration with the Landmark Group, as
part of a major expansion strategy planned
by the Indian firm in the MENA (Middle East
and North Africa) region.
The value of the e-commerce market
in the UAE is expected to reach US $ 8.2
Billion by 2025, while the overall retail
sales – online and offline – are projected to
expand by 13 per cent, amounting to US $
58 billion by the end of 2021, and fashion
and beauty markets are expected to be
major contributors to this segment.
The targetable addressable market
(TAM) for the company includes online
and offline retailing, as well as the sector
for fashion and lifestyle brands.
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Associations & Company affairs 04
H&M reveals its recycled Denim Collection
Mumbai: H&M is continuing recycled collection to date.
to expand its commitment to The products are made out
sustainability. of 100 percent recycled fabrics,
The brand has revealed a ten- threads, labels and pocketing, and
piece collection featuring baggy partly out of recycled metal zippers
jeans, loose straight-leg jeans, a and trims.
trucker jacket, and an oversized H&M’s washing technique has a
overshirt, along with a bucket hat and low environmental impact and is free
shopper, all ‘90s inspired. from harmful chemicals.
This marks the brand’s most The H&M Recycled Denim
collection launches September 9
Digital Brands Group with selected pieces in stores and
the whole range online at hm.com.
acquires Stateside
Mumbai: Digital Brands Group has
American Eagle’s Q2
acquired American basics apparel brand net revenue results
Stateside for US $ 10 million.
Mumbai: American Eagle has
The intent of the Group is to build-
witnessed its second quarter net revenue
up its portfolio of brands in addition to
surge by an impressive 35 per cent to clock
strengthening its financial position.
US $ 1.19 billion.
Digital Brands Group also, reportedly,
Brand wise, the revenue of American
confirmed that it has secured a US $ 17.5
Eagle shot up by 35 per cent to post US $
million equity line of credit from Oasis
846 million, while Aerie saw its revenue rise
Capital, which will help the Group pay down
by 34 per cent to US $ 336 million.
debt and finance its capital requirements.
However, increasing store traffic has
The credit line will help the company
hit the retailer’s online sales during the
completely clean up its balance sheet.
quarter. While the store revenue surged
The acquisition of Stateside follows
73 per cent year-over-year, e-commerce,
Digital Brands Group’s completion of a US
reportedly, fell by 5 per cent.
$ 10 million IPO earlier this year.
Owing to a good margin growth, the
A debt-free balance sheet has
retailer saw a net income of US $ 121.5
eliminated the financial risks to a great
extent, but going forward it will be interesting million, compared to a loss of US $ 13.8
million a year back.
to see if Digital Brands Group will be able
to bring in and maintain profits. And for that The US apparel retailer aims to attain
revenue of approximately US $ 5.5 billion
a lot will depend on its acquisition plans.
The Group, plans to do 2 to 4 more and operating income of US $ 550 million
acquisitions in 2021 and 6 in 2022. in fiscal 2023.
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Mumbai, Monday, 06 September 2021
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Mumbai, Monday, 06 September 2021
Dollar Industries appoints New CFO
Mr. Ajay Kumar Patodia
CFO, Dollar Industries Ltd
Mumbai: Dollar Industries
Ltd has announced the
appointment of Mr. Ajay Kumar
Patodia as new chief financial
officer (CFO). With an experience
of over 24 years, Patodia will
oversee the company's financial
and operational activities as
well as contribute to its growth
plan and assist all strategic and
operational efforts across the
country.
According to the
Company, with a track record of
delivering positive results and
utilising key operational factors
to meet budgetary objectives,
Patodia holds expertise in
strategic financial planning,
business development, M&A,
and treasury.
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aspirational brand, they need to
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potential ahead of them and he
brings a unique perspective to
their leadership team.
Associations & Company affairs
Nandani Creation
migrates from
NSE Emerge to
Main Board
Mumbai: Nandani Creation
Limited has announced that it
has migrated from NSE Emerge
to the Main Board of NSE.
The fashion giant said
in statement that the month
of September 2021 ushered
in a huge development for
Nandani Creation Limited and
its investors.
The Company said that the
Nandani Creation Limited has
received approval from National
Stock Exchange of India Limited
on August 31 for migration of
1,0033,950 Equity shares from
the NSE-SME platform to the
main board of National Stock
Exchange of India Limited w.e.f.
September 2.
Baukjen launches Sustainability Index
Mumbai: Baukjen, has
launched a Sustainability Index,
which will share environmental
and social impact scores for each
product in its collections to assist
customers in making better-
informed purchase decisions.
The B Corp certified firm
wants to provide a higher level
of transparency to its consumers
so they can better understand the
brand's supply chain, including
how material selections and
production affect the total effect
of each Baukjen garment.
The Baukjen Sustainability
Index uses Higg tools created by
the Sustainable Apparel Coalition
to determine each product's total
score, which is based on seven
distinct metrics.
The index metric
is computed using five
environmental elements, which
account for 70% of the overall
score, and two social factors,
which account for 30%.
06
the company to identify areas
where it might improve in order to
become more sustainable.
Baukjen, on the other
hand, hopes that by sharing
the environmental and social
effect of each garment with
its consumers, they will not
only be able to purchase more
responsibly but also learn that
sustainability is about much more
than carbon emissions.
Baukjen said in a statement
that all things are interrelated in
nature, and it is vital to assess
the effect in other ways that
incorporate resource depletion,
pollution, and ecological
destruction.
The index is the newest
sustainability effort from the
House of Baukjen, which includes
the womenswear and maternity
clothing brands Baukjen and
Isabella Oliver.
In recent years, the fashion
company has introduced an

Champion launched New Sustainable Collection Each product is graded on

its influence on global warming,
water usage, resource depletion,
Mumbai: Champion has launched a new sustainable collection with circular solutions provider The eutrophication, chemical use,
Renewal Workshop, which recycles and repurposes discarded clothing and textiles. traceability, and people's well-
The Champion Renewed line, which features recycled Champion Reverse Weave sweatshirts, is part being, ranging from poor to
of the brand's Champion Made sustainability initiative, which aims to extend the lifespan of its products. The outstanding.
initiative also includes expanding the use of sustainably sourced textiles and adopting innovative upcycling According to Baukjen, the
techniques to reduce energy and water consumption throughout the production process. higher the score, up to 100%,
The Champion Renewed line includes 24 designs in men's/unisex and women's sizes, including the “the more sustainable a product
Reverse Weave Pullover Hoodie and Reverse Weave Crew. is for the world and its people.”
The Renewal Workshop uses a patented six-stage, the zero-waste method in which clothes are For example, the brand's
reconditioned to exacting standards. Before being granted a Renewal Workshop badge and made available autumn/winter 2021 collection's
for purchase, products are sorted, graded, fully sanitized using state-of-the-art waterless technology, as 'Jody' recycled wool sweater
well as repaired to like-new standards, and then inspected and verified to joint quality requirements. has an exceptional impact of
The circular solutions provider measures the impact of the most frequently received textile fibers, 91%, while the 'Paloma' top,
such as cotton, polyester, and wool, using Life Cycle Assessment (LCA) Methodology. made from eco-friendly Lenzing
Using this information, in addition to the weight of each piece of clothing, the organization can Ecovero, has an excellent impact
calculate energy savings, greenhouse gas reductions, and water usage reductions for each item that is of 83%.
renewed, among other things. The Baukjen Sustainability
Champion explained that, in addition to collaborating with The Renewal Workshop, it is also selling Index was established as an
classic jersey T-shirts manufactured with 100% US cotton as part of its Champion Made commitment. In in-house tool to compare fibers
2021, the sportswear company will debut two environmentally aware collections, Natural State and Rally and how the company makes
Pro Earth, as well as ‘Game Day' sweatshirts made with 95% recycled polyester fibers. its garments in order to assist
in-house rental program that
allows clients to rent styles for
two weeks, as well as a collection
made up of 90% responsible
fibers and growing.
It also offers a Pre-Loved
program, which encourages
previous customers to donate
their pre-owned clothes to the
store either be repurposed, re-
loved, or recycled, in a bid to
make fashion circular.
The Baukjen x Oxfam
collaboration aims to lower
production levels and drastically
reduce the amount of maternity
and non-maternity fashion waste
that ends up in landfills each
year.
For every piece of clothing
donated, the slow fashion
business will plant a tree on
behalf of their clients through
Eden Reforestation Projects.