BANGALORE, India — Indian textile and clothing exporters are generally expecting a tough year ahead on the back of shrinking profits last year, but some savvy manufacturers are not that concerned.
After global quotas were abolished in January 2005, Indian textile and clothing exports surged 25 percent in fiscal 2006 to $17.5 billion. However, the momentum did not last and the following year exports grew by only 7 percent.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)