BANGALORE, India — The Indian government, bowing to pressure from spinning mills and other textile companies, has abolished import duty on raw cotton to increase supplies and bring down domestic prices.
It also scrapped a 1 percent drawback, or rebate, to reduce the incentive for raw cotton exports.
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)