Fashion
3% export incentive for Bangladesh RMG SMEs under new package
The newly announced rates will apply to goods shipped between January 1 and June 30, 2026.
Bangladesh Bank has announced a package of export incentives and cash assistance across 43 sectors to boost exports.
Domestic textile units will receive 1.5-per cent alternative cash assistance in lieu of duty drawback or bonded warehouse facilities.
The new rates will apply to goods shipped between January 1 and June 30, 2026.
SMEs in the garment sector are eligible for a 3-per cent incentive.
This maximum 10-per cent rate is allocated to several sectors, including diversified jute products, leather goods, processed agricultural products and light engineering products.
Exporters targeting the eurozone will receive an additional 0.50 per cent. Small and medium enterprises (SMEs) in the garment sector are eligible for a 3-per cent incentive.
Entities within the Bangladesh Economic Zones Authority, Bangladesh Export Processing Zones Authority and high-tech parks are eligible for incentives ranging from 0.5 per cent to 2 per cent, depending on the category of the goods and the nature of the industry, according to domestic media reports.
Fibre2Fashion News Desk (DS)
Fashion
India, Germany to realise untapped economic potential on both sides
Merz is on an official visit to India on January 12-13 accompanied by a high-level delegation. This was his first official visit to India and his first visit to Asia as the Chancellor.
Indian PM Narendra Modi and German Chancellor Friedrich Merz recently reaffirmed their commitment to fully realise the untapped economic potential on both sides through SMEs, start-ups, digitalisation, AI and innovation-driven enterprises.
Merz is on an official visit to India on January 12-13.
Both leaders invited companies from the other side to invest and expand businesses in their countries.
Modi invited German companies to invest and expand businesses in India to benefit from its strong economic growth, business-friendly environment, large highly-skilled workforce and immense opportunities to scale up operations.
Merz recommended Germany as an attractive location for investment by Indian companies.
The India-Germany Strategic Partnership completed 25 years in 2025 and diplomatic ties between the two countries complete 75 years this year.
The two leaders addressed India-Germany CEOs Forum in Ahmedabad. Merz is also visiting Bengaluru with engagements focusing on business and technological collaboration, a release from the Indian Prime Minister’s Office said.
India-Germany bilateral trade in goods and services surpassed $50 billion in 2024, amounting to over 25 per cent of India’s trade with EU.
Both leaders reiterated their support for the conclusion of the India-EU Free Trade Agreement as a key outcome of the upcoming EU-India Summit, which will facilitate trade flows and inject further momentum into German-Indian economic relations.
Both leaders interacted with leading chief executive officers (CEOs) and industry leaders from either sides to encourage more business collaboration and investment in technology, automotives, defence, shipbuilding, smart infrastructure, pharmaceuticals, chemicals, biotechnology, industrial equipment engineering and energy.
They welcomed the signing of a joint declaration of intent on strengthening the bilateral economic cooperation through the German-Indian CEO Forum, which will further promote business and industry collaboration, supported by the long-standing presence of German businesses in India and Indian businesses in Germany.
The leaders noted that 2026 marks half-time of the commitment period of the Green and Sustainable Development Partnership (GSDP), and expressed satisfaction at implementation of this flagship initiative between India and Germany.
Fibre2Fashion News Desk (DS)
Fashion
Sri Lankan garment manufacturers get unprecedented access to UK market
They are now allowed to source up to cent per cent of inputs from any country while maintaining tariff-free access to the United Kingdom.
Sri Lankan garment manufacturers secured unprecedented access to the UK market under liberalised trade rules beginning January 1.
They are now allowed to source up to cent per cent of inputs from any country while maintaining tariff-free access to the UK.
There are fewer processing requirements now, removing the previous rule that two significant manufacturing processes must take place in Sri Lanka.
Hence, there are fewer processing requirements now, removing the previous rule that two significant manufacturing processes must take place in Sri Lanka, a statement by the High Commission said.
The liberalised rules also include the creation of an Asia Regional Cumulation Group of 18 countries applicable to all other exports from Sri Lanka.
“By simplifying rules of origin, we are supporting Sri Lanka’s economic growth by improving market access to the UK and helping to further diversify exports,” the British High Commissioner to Sri Lanka Andrew Patrick said.
“We recognise Sri Lankan government’s ambition for export growth and continue to advocate for improved utilisation of the scheme,” he said.
Sri Lanka’s Joint Apparel Association Forum (JAAF) welcomed the decision.
The United Kingdom is now Sri Lanka’s second-largest garment export market, valued at nearly $675 million.
Fibre2Fashion News Desk (DS)
Fashion
Pitti Uomo: Rag & Bone renaissance with Swain Hutson
Published
January 14, 2026
One brand, and designer, enjoying a renaissance at Pitti Uomo is Rag & Bone, where newly installed creative director Swaim Hutson showed his debut collection for the house.

After several years where the brand seemed to stand still, there was plenty of fresh momentum at its stand inside Pitti. From fabric choices and color, to proportion and attitude.
“I don’t want to obviously steer away from the DNA of what Rag & Bone has stood for over the years and what Marcus and David started. It’s about keeping the DNA – starting with workwear, denim obviously and then tailoring,” said Hutson, referring to the brand’s two UK founders and cohort, Marcus Wainright and David Neville.
So, Hutson took those three categories “and just put them in a blender and mashed them up,” for fall 2026.
“That’s the way the modern man dresses, and definitely the way guys in New York are dressing now,” underlined Hutson, pointing to a smart blazer worn with rugby jersey and track pants.

Much of Rag & Bone’s suiting is made in Portugal, like an increasing number of brands. Hutson comes from a more tailoring background, but was “determined not to be stuffy,” so he mixes lots of suiting separates with sportswear.
Asked what brief did he get when you got the job, he deadpans: “What did Mr. Andrew Rosen tell me? He told me a lot. Nothing major, just more of the history of the brand and that there were no restrictions,” said Swain referring to the famed New York fashion entrepreneur and brand’s de facto CEO.
Rag & Bone began life back in 2002 with a pair of raw denim jeans, and Hutson has gone back to a rawer denim aesthetic, with R&B Raw, proprietary to the brand. A new treatment where you wash jeans 20 times without destroying the raw aesthetic, while keeping the fabric soft and supple.
“So, it doesn’t feel like wearing sandpaper. It’s raw denim, but modernized for today’s work,” said Hutson.

Swaim brings nearly two decades of experience in international menswear to the role. He first won attention by founding Obedient Sons in New York- going on to become a CFDA/Vogue Fashion Fund finalist. He then held creative director roles at 3.1 Phillip Lim, Club Monaco, and Generra. Before later launching The Academy New York, a label that has established itself within the fashion, art, and music communities.
His plan for mixing suiting, denim and outerwear at Rag & Bone led to pairing a denim shirt under a suit jacket, as opposed to wearing an Oxford shirt. The subtle change of style comes as Rag & Bone is upping its efforts in Europe. Today, Rag & Bone is controlled by the WHP Global group, which also includes Vera Wang, Isaac Mizrahi, G-Star and Joseph Abboud.
Hutson was born in North Carolina, making him, as they say, a Tarheeler, but now resides in the Brooklyn Navy Yard district.
This year, the brand will open a new boutique in Dubai, following on from a fresh store in Amsterdam, adding to one in Germany, and two in London, for a chain of some 30 boutiques. The brand remains primarily a wholesale business though, with over 700 doors and annual revenues hover around $300 million.

Rag & Bone originally began as men’s brand, but today women’s wear accounts for 60% revenues, with menswear at 40%.
The brand’s other big focus is a project called “Miramar”, a fresh denim aesthetic that is very soft, almost like terry cloth, with lots of looks ideal for travel.
“We’ve opened a couple of small Miramar stores. One is about 600 square-foot inside Moynihan Train Hall, opposite Penn Station which is beautiful. And it’s done tremendous business,” he enthuses about the new Manhattan retail hub.
In Pitti, Hutson also showed some strong new colors with bold reds and plaids. Plus, he impressed with more probable proportions – from short, plaid shirt jackets to some really cool faded blue chalk stripe looks. Seen in deconstructed jackets and a natty urban redingote, finished with neat RB logo buttons.
Next up, one suspects is a return to the catwalk for Rag & Bone after a hiatus of several years.
“We’re talking about it. It wouldn’t hurt. It’s just about the leadership being confident in what designs we put out. I would love to do a show. I think New York deserves it, and we’re a New York brand, you know,” he concludes.
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