Denim Industry

Denim maker Levi Strauss & Co. to reduce at least 10% of its workforce

Levi's has about 20,000 workers globally, with roughly 5,000 corporate employees. The layoffs are expected to take place in the first half of 2024

Pepe Jeans aims Rs 2,000 cr sales in next 3 years, to add over 100 stores

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels. Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years." When asked about sales

Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry

Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier

Denim companies embrace blended jeans as cotton prices scorch

Raw cotton prices have more than doubled from Rs 35,000 per candy of 356 kg in mid-2020 to over Rs 75,000 now

Denim major Vishal Fabrics to double exports this fiscal, add capacity

Vishal Fabrics is the flagship of the diversified Chiripal Group and commenced operations in 1985

Better realisations help larger denim makers tide over cotton blues

Raw cotton prices have more than doubled since mid-2020, leading to consolidation with the larger players banking on international business

Nandan Denim net proft surges 546% to Rs 20 cr in December quarter

Revenue from operations grew by 87.15% to Rs 583.17 crore for Q3FY22

Mufti looks to double turnover in 5 years, targets young customers

Beginning with its Ahmedabad outlet, the Mumbai-based brand has overhauled the store's interior design in a bid to target young customers

Margins may improve after a long wait as denim industry sees glut easing

No new capacities likely, so market will be able to absorb current production; however, rising cotton prices could offset the benefits of operating leverage and modest increase in fiscal incentives

Denim industry says 30-40% of operative capacity shut

With annual sale of Rs 15,000 crore, this industry employs around 400,000 workers directly, besides the indirect spinoff