The Egyptian Commercial Service (ECS) office in Istanbul has intensified its investment promotion activities targeting Turkiye’s readymade garments (RMG) and textile sectors and their supporting industries.

The initiative aims at strengthening Egypt’s industrial ecosystem and localise key auxiliary manufacturing to boost export capacity and competitiveness.

Egypt’s consul general in Istanbul Ali Basha and deputy consul for commercial affairs Hoda Dorra recently met chairperson and board members of the Turkish Association of Clothing Accessories Manufacturers as well as representatives of several member companies.

The Egyptian Commercial Service has intensified its investment promotion activities targeting Turkiye’s textile and RMG sectors and supporting industries.
An Egyptian delegation’s recent meeting with the Turkish Association of Clothing Accessories Manufacturers concluded with a pact to organise an official visit to Egypt by an association delegation during the final quarter of this year.

The Egyptian delegation reviewed the range of incentives, including tax exemptions, streamlined licensing procedures and preferential access to industrial zones and export markets, available in Turkiye to foreign investors.

The meeting concluded with an agreement to organise an official visit to Egypt by a delegation from the Turkish association and its member companies during the final quarter of this year, Egypt State Information Service reported on Facebook.

The visit will allow participants to explore on-ground investment opportunities and assess the feasibility of establishing new clothing accessories and supplies factories in Egypt, serving both the domestic market and export destinations in Africa, the Middle East, and Europe.

Fibre2Fashion News Desk (DS)

American clothing company Levi Strauss & Co has posted net revenues of $1.5 billion in the third quarter (Q3) of fiscal 2025 (FY25) ended August 31, an increase of 7 per cent year-over-year (YoY) on both reported and organic basis.

The regional growth was led by Asia (up 12 per cent), followed by the Americas (up 6 per cent) and Europe (up 5 per cent). Meanwhile, Beyond Yoga reported net revenues of $33 million, up 2.5 per cent.

Levi Strauss & Co has reported net revenues of $1.5 billion in Q3 FY25, up 7 per cent YoY, led by strong growth in Asia (12 per cent), the Americas (6 per cent), and Europe (5 per cent).
Net income rose to $122 million, with DTC sales up 11 per cent.
The company raised its FY25 outlook, projecting 3 per cent revenue growth and higher EPS of $1.27–1.32.

The direct-to-consumer (DTC) net revenues increased 11 per cent on a reported basis and 9 per cent on an organic basis. DTC growth on an organic basis reflected a 7 per cent increase in the US, a 4 per cent increase in Europe and a 14 per cent increase in Asia. Net revenues from e-commerce grew 18 per cent on a reported basis and 16 per cent on an organic basis. DTC comprised 46 per cent of total net revenues in Q3. Wholesale net revenues increased 3 per cent on a reported basis and 5 per cent on an organic basis.

The operating margin rose to 10.8 per cent from 2.3 per cent a year earlier, while gross margin improved 110 basis points (bps) to 61.7 per cent. The net income from continuing operations surged to $122 million from $23 million, while adjusted net income stood at $136 million. Diluted earnings per share (EPS) from continuing operations rose to $0.31 from $0.06.

“We delivered another very strong quarter as our pivot to becoming a DTC-first, head-to-toe denim lifestyle retailer is driving a meaningful inflection in our financial performance,” said Michelle Gass, president and CEO at Levi Strauss. “With strength across channels, segments and categories, we are raising our full-year outlook and are well-positioned for the holiday season.”

“Our Q3 results demonstrate the power of our strategic transformation, with strong financial performance exceeding expectations across all key metrics including sales, gross margin, adjusted EBIT margin and adjusted diluted EPS,” said Harmit Singh, chief financial and growth officer of Levi Strauss & Co. “With four consecutive quarters of high-single-digit growth and record gross margins driven by our focus on profitability across the organisation, we are raising our full-year revenue and adjusted diluted EPS expectations. We have built strong momentum that positions us well to continue delivering strong shareholder value in the years to come.”

For the full fiscal 2025, Levi Strauss & Co has raised its net revenue outlook, now expecting growth of 3 per cent—up from the earlier forecast of 1 to 2 per cent. The company also anticipates organic net revenue growth of about 6 per cent, compared to the prior projection of 4.5 to 5.5 per cent. The gross margin expansion has been revised upward to 100 bps from 80 bps, with the adjusted EBIT margin maintained between 11.4 and 11.6 per cent. The effective tax rate remains at approximately 23 per cent, and adjusted diluted earnings per share have been raised to a range of $1.27 to $1.32, up from the earlier $1.25 to $1.3.

Fibre2Fashion News Desk (SG)

The Conference Board Leading Economic Index (LEI) for the United Kingdom contracted by 0.3 per cent in August 2025 to 74.3 (2016=100), after no change in July. As a result, the UK LEI decreased by 1.3 per cent over the six-month period from February to August 2025, a higher rate of decline than the -1.1 per cent over the previous six-month period between August 2024 and February 2025.

However, the Conference Board Coincident Economic Index (CEI) for the United Kingdom increased by 0.2 per cent in August 2025 to 108.3 (2016=100), after also no change in July. Overall, the CEI for the UK grew by 0.8 per cent over the six-month period from February to August 2025, on par with the 0.8 per cent increase observed over the previous six-month period between August 2024 and February 2025, The Conference Board said in a press release.

“The UK LEI remained on a downward trend and continued to decline in August,” said Timothy Brennan, economic research associate at The Conference Board. “As in previous months, the weakness came primarily from soft consumer sentiment, lower housing sale expectations, and a rise in unemployment claimants, which more than offset gains from financial components, operating surplus, and productivity. The 6-month growth rate of the UK LEI stayed above the recession threshold, and the warning signal was not triggered either. Still, the LEI reading indicates that economic growth in the United Kingdom will be sluggish through the remainder of 2025 and into 2026. The Bank of England cut the bank rate for the third time this year in August 2025, a move that could help ease economic headwinds. The Conference Board expects UK GDP to grow by 1.3 per cent in 2025 and in 2026.”

The UK Leading Economic Index fell 0.3 per cent in August 2025, signalling continued weakness due to poor consumer sentiment and rising unemployment claims.
Despite this, the Coincident Index rose 0.2 per cent, reflecting modest current growth.
The LEI’s six-month decline suggests sluggish economic prospects through 2026, though not recessionary.

Fibre2Fashion News Desk (RR)