Fashion
Egypt’s readymade garment exports up 26% YoY in Jan-Jul 2025
Expressing optimism that this momentum will accelerate from August onwards, AEC chairperson Fadel Marzouk projected additional growth of up to 35 per cent.
He attributed this to the council’s robust support for exporters and successful efforts to attract new foreign investments, particularly from China and Turkiye, according to domestic media reports.
Egypt’s readymade garment exports rose by 26 per cent YoY to nearly $1.939 billion during the first seven months this year, according to the Apparel Export Council (AEC).
Expressing optimism that this momentum will accelerate from August onwards, AEC chairperson Fadel Marzouk projected additional growth of up to 35 per cent.
AEC has set a medium-term target to increase exports to $12 billion by 2031.
These developments are further bolstered by collaborative plans with the government focused on the Suez Canal Economic Zone and other industrial hubs.
Maintaining a monthly growth rate of between 30 per cent and 35 per cent could propel exports to an unprecedented $3.7 billion by the end of the year, he said.
AEC has set an ambitious medium-term target to increase exports to $12 billion by 2031. It is also focusing on strengthening Egypt’s presence in key markets like Europe, the United States and Canada, leveraging trade agreements and boosting product value through modernisation of production lines.
Efforts include launching two specialised textile and garment cities in Fayoum and Minya.
Fibre2Fashion News Desk (DS)
Published
October 22, 2025
Fine jewellery brand Giva has launched a two-hour delivery service in the Bengaluru metro area as the business continues to expand its omni-channel operations and cater to festive demand.
“At Giva, we understand that celebrations often happen in the moment and so should gifting,” said Giva’s chief revenue officer Anirudh Kudwa in a press release. “With our new two-hour delivery model, we’re bridging the gap between intent and experience… our customers can now count on receiving authentic, beautifully crafted jewellery in gold, silver, or lab-grown diamonds within hours. This innovation reflects our belief that fine jewellery should move at the same pace as our customers’ lives – fast, reliable, and ready to celebrate every moment.”
Giva’s new ‘Shipping from Stores’ model delivers gold, silver, and lab-grown diamond jewellery with the aim of making shopping more seamless and spontaneous during this traditional time for gifting jewellery, according to the business. The initiative was conceptualised, developed, and implemented in-house by Giva’s tech team and leverages hyperlocal fulfilment technology, real-time store inventory, and intelligent order routing with stores serving as fulfilment points.
Giva opened its first store in Bengaluru in 2022 before the silver jewellery brand expanded into gold and lab grown diamonds in 2023. Giva reported a 66% increase in its consolidated revenue from operations in the 2024 financial year, totalling Rs 273.6 crore.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
October 22, 2025
Private equity firm Advent International is in early discussions to potentially sell its Parfums de Marly business as soon as next year at a likely valuation of more than $2 billion, the Financial Times reported on Wednesday.
The Boston-based investor is yet to hire bankers or make a final call on a potential divestment, FT said, citing people familiar with the matter.
The Paris-headquartered company, which owns the Initio Parfums Privés brand of fragrances, could draw bids from fellow buyout investors and fragrance peers, it added.
Reuters could not immediately verify the report. Advent International and Parfums de Marly did not immediately respond to Reuters’ requests for comments.
The potential exit follows a wave of consolidation in fragrances, which have outpaced the wider beauty industry. Earlier this week, Kering agreed to offload its beauty operations to L’Oreal in a 4 billion euros ($4.66 billion) deal that hands the French cosmetics leader the Creed fragrance line and 50-year licenses for Gucci, Bottega Veneta and Balenciaga scents.
Last month, Coty kicked off a strategic review of its consumer beauty unit, including brands CoverGirl and Rimmel, to sharpen its emphasis on premium perfumes.
© Thomson Reuters 2025 All rights reserved.
The rate of expansion was more pronounced later in September, reading in at 60.5 during the second half of September – which was up significantly from the reading of 55.9 early in the month. The drop can be largely attributed to slowdowns in the expansion of supply chain costs.
The US logistics manager’s index (LMI) for September was 57.4, down by 1.9 points from August’s 59.3.
This is the lowest reading for the overall index since March this year.
The slowdown in logistics expansion is due to a declining rate of growth across the majority of the sub-metrics, with transportation utilisation down by 4.7 points to 50, which indicates no movement.
The LMI score is a combination of eight unique components that make up the logistics industry: inventory levels and costs, warehousing capacity, utilisation and prices, and transportation capacity, utilisation and prices.
Taken together, the three cost/price metrics were down 11.9 points in September, reading in at 195.66. This is the slowest rate of cost expansion since March and the second lowest in 2025.
The slowdown in logistics expansion is due to a declining rate of growth across the majority of the sub-metrics, with transportation utilisation down by 4.7 points to 50, which indicates no movement.
This is the first time a reading this low has been seen for transportation utilisation in September, which is generally a busy season in the freight market.
The slight negative freight inversion that began in August continued in September, with transportation prices dipping by 1.9 points to 54.2, which is just below 55.1 of transportation capacity (minus 2.2 points).
While transportation prices are still expanding, this is the lowest rate of growth tracked for this metric since April 2024, which was the last month of the most recent freight recession.
Inventory costs were high at 79.2.
Researchers at Arizona State University, Colorado State University, Florida Atlantic University, Rutgers University and the University of Nevada, Reno, and in conjunction with the Council of Supply Chain Management Professionals (CSCMP) issued the LMI report.
This slowdown is reflective of uncertainty in the overall economy, an official release said.
Fibre2Fashion News Desk (DS)
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