Fashion
CAI ups India’s 2024-25 cotton output estimate to 312.40 lakh bales
According to CAI, the total cotton supply till the end of August 2025 is estimated at 383.03 lakh bales. This includes pressings of 307.09 lakh bales, imports of 36.75 lakh bales, and an opening stock of 39.19 lakh bales at the beginning of the season.
CAI has raised its 2024–25 cotton production estimate to 312.40 lakh bales of 170 kg each, up from 311.40 lakh bales earlier.
Total supply for the season is pegged at 392.59 lakh bales, with higher imports at 41 lakh bales.
Domestic consumption remains at 314 lakh bales, while exports are unchanged at 18 lakh bales, significantly lower than last season’s 28.36 lakh bales.
CAI has estimated cotton consumption up to the end of August 2025 at 286 lakh bales, while export shipments for the same period are pegged at 17 lakh bales. The ending stock at the end of August 2025 is projected at 80.03 lakh bales, comprising 35 lakh bales with textile mills and the remaining 45.03 lakh bales held by CCI, Maharashtra Federation, and others (MNCs, traders, ginners, exporters, etc), including cotton sold but not yet delivered.
For the entire 2024–25 cotton season (up to September 30, 2025), CAI has estimated total cotton supply at 392.59 lakh bales, up from the previous estimate of 389.59 lakh bales. This comprises the opening stock of 39.19 lakh bales, pressing of 312.40 lakh bales, and imports estimated at 41 lakh bales—significantly higher than the 15.20 lakh bales imported in the 2023–24 season.
However, CAI has maintained its estimate of domestic consumption at 314 lakh bales. Exports for the 2024–25 season are also unchanged at 18 lakh bales, compared with 28.36 lakh bales recorded in the 2023–24 season.
Fibre2Fashion News Desk (KUL)
The bank’s monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent, the bank said in a release.
Turkiye’s central bank has cut its main interest rate (the one-week repo auction rate) from 43 per cent to 40.5 per cent amid soaring inflation and rising political uncertainty.
Its monetary policy committee also lowered its overnight lending rate from 46 per cent to 43.5 per cent and the overnight borrowing rate from 41.5 per cent to 39 per cent.
The inflation target is 5 per cent in the medium term.
The bank had in April this year hiked rates to 46 per cent to cool markets following political shake-ups; it is now shifting back toward easier policy as inflation has hit above 33 per cent.
The underlying trend of inflation slowed down in August. While gross domestic product (GDP) growth was above projections in the second quarter, final domestic demand remained weak. Recent data indicate that demand conditions are at disinflationary levels.
“The tight monetary policy stance, which will be maintained until price stability is achieved, will strengthen the disinflation process through demand, exchange rate, and expectation channels. The macroeconomic framework outlined in the Medium-Term Programme will contribute to this process,” said the press release.
The committee has a 5-per cent inflation target in the medium term.
Fibre2Fashion News Desk (DS)
French multinational luxury goods company Christian Dior has announced the appointment of Oscar-winning actress Mikey Madison as its new global brand ambassador. Part of Generation Z, Madison is the first of her cohort to win an Academy Award, receiving both an Oscar and BAFTA for her breakthrough role in Sean Baker’s Anora (2024).
Christian Dior has appointed Oscar-winning Gen Z actress Mikey Madison as global brand ambassador.
Madison, the first of her generation to win an acting Oscar, said she was honoured to join under Jonathan Anderson’s creative direction.
Anderson praised her empathetic talent.
Known for Anora, Better Things, Once Upon a Time in Hollywood and Scream, Madison brings star power to Dior.
“I’m so proud and honoured to be joining the House of Dior at the start of this next chapter under Jonathan’s creative direction. Jonathan is inspiring to me as a designer because of how he tells stories with his collections and the playfulness and originality he injects into every collection,” Dior said in a LinkedIn post quoting Madison.
“Mikey Madison is an incredibly talented actress. Her empathetic approach perfectly reflects the House of Dior, and I am extremely excited to work together,” Jonathan Anderson, creative director, added.
Madison began her career in short films before rising to prominence in FX’s Better Things (2016–2022). She gained further recognition as Susan Atkins in Quentin Tarantino’s Once Upon a Time in Hollywood (2019) and Amber Freeman in Scream (2022).
Fibre2Fashion News Desk (HU)
Published
September 12, 2025
After opening its first store in Soho, New York City in 2023, the Sporty & Rich brand is preparing to open its second store, this time in Los Angeles at 8619 Melrose Avenue, in West Hollywood.
For this second store, founder Emily Oberg has chosen one of the most prominent locations in West Hollywood, at the corner of Melrose Avenue and Huntley Drive, just a few steps from the Pacific Design Center, where design brands rent showrooms.
Closed in 2023, the former Marcell Von Berlin boutique with its bright orange facade opened in 2018 and expanded to include a coffee shop before closing its doors in early 2023 due to the death of its main investor and founder, Rainer Schaller, who died in a plane crash.
While the store’s facade is expected to change color soon, Emily Oberg and French CEO David Obadia will inherit a space of approximately 5,000 square feet, complete with a garden and coffee shop. The brand has just launched an Instagram story looking for new talent to manage the coffee section of the store.
In the midst of a retail overhaul over the past few months, this section of Melrose Avenue saw The RealReal close its men’s store at 8500 Melrose Avenue at the end of 2024, with the men’s selection now merged into the main women’s store. This was followed by the closure of the PrettyLittleThing store, whose unicorn window displays had been terrifying the entire neighborhood.
With the upcoming opening of the new Salomon store, the presence of Municipal (the brand co-founded by actor Mark Wahlberg), Hoka, Lululemon as neighbors, and the Silver Springs hot yoga studio, Sporty & Rich will anchor a new “wellness and athleisure” dynamic that perfectly matches the profile of West Hollywood residents.
Initially launched via an Instagram account and later a magazine, the Sporty & Rich brand unveiled its first clothing collection in 2018 and has seen its development accelerate over the past two years.
After opening its first boutique in New York in July 2023, the brand revealed its first collaboration with the Parisian palace Le Bristol in September. It continued this hospitality positioning with the Cap-Eden-Roc hotel in Antibes and The Carlyle, A Rosewood Hotel, in New York.
With more than 150 stockists worldwide, the brand has established itself in numerous prestigious locations, including The Webster concept store in the United States, Galeries Lafayette in Paris, Net-a-Porter, and Ssense e-retailers.
The brand has also launched several collaborations with Adidas and, more recently, 47 Brand, a brand specializing in licensed products from major American sports leagues. Last March, it released its first capsule collection with the successful Los Angeles Dodgers baseball team, followed by another with their rivals, the Yankees.
Further openings could be announced soon. In a previous interview with FashionNetwork, Emily Oberg revealed her desire to open new stores in London and Paris.
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