Fashion
Uzbekistan announces tax, customs incentives for textile enterprises
Measures to back financial recovery include restructuring the debts of cotton-textile clusters on loans issued from the State Agricultural Support Fund for the 2022-2023 harvest.
For clusters with collateralised assets, interest payments will be deferred until the principal is repaid. Those who met obligations on time will be refunded half of interest paid, while accrued penalties on overdue interest as of August 1, 2025, will be written off.
Uzbekistan has announced measures to accelerate reforms and expand export potential in the textile and knitwear industry, targeting a 9-per cent rise in 2026 production and an export boost to $3.3 billion.
Debts of cotton-textile clusters would be restructured and beginning September 1, a reduced social tax rate of 1 per cent will be imposed for three years on these and textile and knitwear enterprises.
Farmers will receive subsidies of 1 million soums this year for each tonne of raw cotton sold to processors via exchange trading to ensure uninterrupted cotton harvesting. Clusters and enterprises financing cotton cultivation or procurement with their own funds will be reimbursed 10 per cent of its cost, according to domestic media reports.
Beginning September 1, a reduced social tax rate of 1 per cent will be imposed for three years on cotton-textile clusters and textile and knitwear enterprises. In addition, customs duties will be waived off on blended fabrics, textiles and raw materials for the leather and silk industries not produced in Uzbekistan.
Fibre2Fashion News Desk (DS)
Published
November 10, 2025
Luxury skiwear and lifestyle brand Perfect Moment has opened its first owned retail store in Verbier, Switzerland, one of the world’s most iconic ski destinations.
The store’s interior captures Perfect Moment’s signature aesthetic, balancing contemporary design with timeless mountain heritage. It is characterized by sleek metallic finishes and cool tones, contrasted with soft, translucent details.
The store opens with Perfect Moment’s Autumn/Winter 2025 collection, featuring signature designs such as the Aurora Ski Pant and Polar Flare Jacket, alongside new season highlights including the Polar Flare Ski Suit.
Beyond retail, the Verbier store will serve as a hub for the brand, hosting exclusive events and experiences throughout the season to engage the local community and international visitors alike.
Verbier was chosen for its alignment with the company’s alpine roots and its international audience of discerning skiers and style enthusiasts.
“The Verbier store gives us the opportunity to share the Perfect Moment experience with our community in an environment that celebrates the brand’s alpine roots,” said Jane Gottschalk, co-founder and creative director, Perfect Moment.
The opening comes as part of a broader seasonal retail strategy, which includes a refreshed store in Kitzbühel, returning for another season, a Jackson Hole pop-up at the Four Seasons, and a Snowmass Aspen pop-up.
In August, Perfect Moment announced two financing transactions totaling approximately $6.6 million to position the brand to accelerate growth following a series of operational and strategic initiatives implemented earlier this year.
Copyright © 2025 FashionNetwork.com All rights reserved.
Published
November 10, 2025
Actress Maude Apatow has been named the 2025 recipient of the WIF Max Mara Face of the Future Award.
The award’s 20th anniversary was commemorated with an exclusive cocktail celebration at Chateau Marmont on November 5. The event continued the following night with WIF Honors annual gala at the Beverly Hilton, where Apatow was presented with the 2025 WIF Max Mara Face of the Future award.
Established in 2006, the award recognizes an actress at a pivotal point in her career—one who exemplifies both artistic excellence and a commitment to community impact.
Apatow, 27, made her acting debut in Judd Apatow’s “Knocked Up” and has since appeared in projects including “Euphoria”, “The King of Staten Island”, and “One of Them Days”. This year, she steps into directing with “Poetic License”.
“The best part of working in the industry so far has been the women I’ve met along the way,” Apatow said, while accepting the award.
“That bond and commitment we have to each other is something we need now more than ever. I owe everything to the women in my life who have inspired me and uplifted me either personally or through their work. I will dedicate the rest of my life and career advocating for women the way so many of you have done for decades.”
Over the past twenty years, the award has celebrated a roster of talent, including Lili Reinhart, Hailee Steinfeld, Chloë Grace Moretz, Katie Holmes, Zoë Saldana, Elizabeth Banks, Emily Blunt, and Maria Bello, among others. Many have since gone on to earn major awards and expand their influence as producers, directors, and advocates for greater representation in Hollywood.
Copyright © 2025 FashionNetwork.com All rights reserved.
The action will be suspended for a year beginning today, an USTR release said.
The Office of the USTR yesterday announced suspending action in the Section 301 investigation of China’s targeting of the maritime, logistics and shipbuilding sectors for dominance.
The action will be suspended for a year beginning today.
The suspension follows the historic trade and economic deal reached between Presidents Donald Trump and Xi Jinping announced by the White House on November 1.
The suspension follows the historic trade and economic deal reached between Presidents Donald Trump and Xi Jinping announced by the White House on November 1.
During the suspension period, no party will accrue liability for or be required to pay the fees on maritime transport services and duties.
The United States will negotiate with China pursuant to Section 301 regarding the issues raised in this investigation. While taking these actions, the United States will continue its domestic efforts and its discussions with key allies and partners on revitalising American shipbuilding.
Fibre2Fashion News Desk (DS)
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