Fashion
Turnbull & Asser appoints Roberto Menichetti as creative director
Published
December 8, 2025
Turnbull & Asser has appointed the highly experienced Italian designer Roberto Menichetti to be its new creative director. In his new role, Menichetti will oversee all of the label’s creative direction including bespoke shirting, tailoring, outerwear, and accessories, the 140-year-old British shirtmaker and outfitter said in a release.
The appointment marks a return to London for Menichetti some two decades after he departed Burberry, where he played a dynamic role in reviving that the UK’s largest luxury label.
“Roberto’s appointment reflects our ambition to bring fresh energy to our wardrobe while remaining true to the craftsmanship that has defined Turnbull & Asser for over a century. His proven ability to modernise heritage houses while respecting their DNA makes him the perfect partner as we look to the future. That future continues to be shaped by the skill of our artisans in London and Gloucester and by our enduring belief in ‘Made in England’. We are confident that Roberto’s international experience and proven creative leadership will ensure the continued success and growth of our house,” said James Fayed, chairman of Turnbull & Asser, in a release.
The business, which counts King Charles among its customers, has not made a profit in the past nine years. Owned by Ali Fayed for almost 40 years, it is now managed by his son James. In its most recent financial year, Turnbull & Asser made a pre-tax loss of £1.37 million, as annual revenues edged lower to £9.3 million. The company boasts a famous flagship store in Mayfair, and e-tailing business, and distribution across US department stores.
Born in the US but raised in Italy, Menichetti first gained attention when designing the menswear collection in an austere, minimalist style for Jil Sander. While with the German company, he was also credited with developing the first co-branding between high fashion and sportswear in a linkup with Puma.
The Menichetti family are highly experienced apparel manufacturers based in Gubbio, Tuscany, and have produced collections for such brands as Prada, Dolce & Gabbana, Versace, and Marzotto.
Menichetti joined Burberry in 1998 blending English heritage, Winsor elegance, and rugged functionality with considerable success. He also launched Prorsum, Burberry’s ready-to-wear line, helping to double annual sales over his five-year tenure to £675 million. In 2000, Anna Wintour presented Menichetti with the honour of Designer of The Year from The Fashion Group International.
Menichetti was also creative director of Celine for two seasons, slotting in between the Michael Kors and Phoebe Philo eras at the key French marque within LVMH Group. Subsequently, he held consultative design roles for brands such as Cerruti, Brema, and Chinese label JH 1912.
“Turnbull & Asser represents more than a brand; it is a living expression of British style and elegance, carefully built over generations. It is remarkable that the house has preserved its identity so faithfully and is untouched by passing trends, carrying it forward to the present day with care and dedication under James and his family. To be entrusted with its creative future is both an honour and a responsibility. My philosophy has always been to seek the essence of form- clarity, proportion and timelessness- rather than the noise of passing trends,” said Menichetti, who in recent years has divided his time between his art studio in Los Angeles, raising his son in California, and his atelier in Gubbio.
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Fashion
Bangladesh net FDI inflows up 39.36% in 2025
The increase was driven primarily by higher reinvested earnings and intra-company loans, indicating continued engagement by existing investors with Bangladesh.
Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans increased by 25.68 per cent, from $621.96 million to $781.68 million.
Bangladesh’s net FDI inflows increased by 39.36 per cent last year to $1,770.42 million compared with $1,270.39 million in 2024, the Bangladesh Bank said.
The increase was driven primarily by higher reinvested earnings and intra-company loans.
Reinvested earnings rose by 318.25 per cent, from $103.79 million in 2024 to $434.10 million in 2025, while intra-company loans rose by 25.68 per cent.
Equity capital remained broadly stable, rising by 1.84 per cent, from $544.64 million to $554.64 million in 2025, a release from Bangladesh Investment Development Authority said.
Greenfield project announcements declined by 16 per cent in 2025.
Fibre2Fashion News Desk (DS)
Fashion
India’s Pearl Global’s FY26 revenue crosses $521 mn milestone
The company’s adjusted EBITDA, excluding Employee Stock Option Plan (ESOP) expenses, rose around 14 per cent YoY to ₹468 crore, while EBITDA margin improved by 20 basis points to around 9.3 per cent. Excluding the reciprocal tariff impact of around ₹36 crore and incremental losses of around ₹13 crore in Bihar and Guatemala, adjusted EBITDA margin stood at around 10.3 per cent.
Pallab Banerjee, managing director, Pearl Global Industries, said: “FY26 marked the company’s second consecutive year of double-digit growth and improved profitability. This performance further solidifies the position of Pearl Global’s diversified operating model and disciplined execution across geographies.”
Pearl Global Industries has reported its highest-ever FY26 revenue of ₹5,025 crore (~$523.93 million), up 11.5 per cent YoY, driven by volume growth and value-added products.
PAT rose 17 per cent to ₹270 crore (~$28.15 million), while Q4 revenue hit ₹1,314 crore (~$137 million).
The company shipped 78.1 million pieces.
Its net worth stands at ₹1,438 crore (~$149.93 million).
He said that geopolitical shifts and Gulf conflicts could lead to energy cost escalation, affecting raw material and logistics costs. However, the company remains prepared to manage these headwinds, supported by its diversified manufacturing base, strong order book, and broad market presence.
The profit after tax (PAT) increased 17 per cent YoY to ₹270 crore (~$28.15 million), the company said in a press release.
On a standalone basis, FY26 revenue stood at ₹1,081 crore, while adjusted EBITDA was ₹67 crore, with EBITDA margin improving by 60 basis points to 6.2 per cent, mainly due to cost restructuring. Standalone PAT rose to ₹69 crore from ₹55 crore in the previous year.
The company’s net worth stood at ₹1,438 crore (~$149.93 million) as of March 31, 2026, compared with ₹1,146 crore a year earlier.
“In FY26, Group delivered another year of resilient performance against a complex geopolitical backdrop. Group achieved, among others, two major milestones this year: revenue crossed INR 5,000 crore mark and installed capacity surpassed 100 million pieces per annum,” said Pulkit Seth, vice-chairman and non-executive director, PGIL.
Seth added that the global apparel industry faced tariff-related disruptions during FY26, with the company’s India operations impacted by tariffs and penal duties imposed by the US. However, he added that Pearl Global leveraged its diversified, multi-country manufacturing presence to mitigate these challenges and deliver double-digit growth.
For the fourth quarter (Q4) of FY26, PGIL posted its highest-ever quarterly revenue of ₹1,314 crore (~$137 million), up 6.9 per cent YoY. Adjusted EBITDA rose 13.7 per cent to ₹135 crore, with margin at 10.3 per cent, the highest EBITDA margin recorded by the company in any quarter. PAT for the quarter stood at ₹81 crore, up 24.6 per cent YoY, PGIL said in a press release.
Standalone revenue during the quarter stood at ₹304 crore, adjusted EBITDA at ₹24 crore, and PAT at ₹14 crore.
PGIL shipped its highest-ever volumes in Q4 FY26 and FY26, at 22 million pieces and 78.1 million pieces respectively. Its annual installed capacity crossed 100 million pieces, reaching around 101 million pieces.
The ongoing capex in Bangladesh is expected to be completed by the first half of FY27 and will add around 6-7 million pieces of capacity during the year.
Fibre2Fashion News Desk (SG)
Fashion
Polyester yarn prices ease as PTA weakens on limited demand
PTA prices recorded notable declines across key Asian benchmarks, tracking crude oil weakness rooted in evolving geopolitical signals. The correction was broad-based, spanning China, Southeast Asia, and South Korea, while India**;s CIF price held steady reflecting the lag in import contract structures and limited spot availability in the domestic market on the day.
The *** per cent Polyester Yarn market witnessed a slightly negative trend during the assessed period, with mild price corrections observed across both yarn grades in the Asia Free on Board (FOB) China market. Prices for **s (*** per cent polyester yarn) declined from around $*.***/kg to nearly $*.***/kg, registering a decrease of approximately *.** per cent.
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