BlissClub, a Mumbai-based women’s activewear brand, has managed to raise $ 2.25 million through seed funding led by Elevation Capital. The proceeds will be used for strengthening the team and in product development.
The rate of inflation doubled in April due to a hike in the prices of fashion apparel and a drop in the prices of energy supplies. As per ONS, CPI jumped to 1.5% in April from that of 0.7% in March.
Centre for Responsible Business and Alliance For Water Stewardship and Water Management Forum organised a workshop to share the benefits of wastewater management in the textile industry. This will help the climate too.
The pandemic situation has adversely affected industries and workers in Vietnam. According to the reports, four industrial parks Van Trung, Quang Chau, Dinh Tram, and Song Khe – Noi Hoang have been shut down in Bac Giang.
As COVID-19 caused huge losses in the fashion sector, the Clean Clothes Campaign, a global network of labour rights, appealed to UK, EU, Norway, Switzerland, and Australia to support the TRIPS waiver proposal.
US consumers are shopping for summer wear, with relaxed COVID-19 restrictions and vaccinations. Analysts believe the pent-up demand for apparel and accessories will benefit Poshmark in the second quarter of 2021.
Myntra is supporting its brand partners during the second wave of coronavirus. It is providing them Covid insurance and reimbursing the vaccination costs. It has relaxed order fulfilment turnaround time to 48 hours.