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INDIA: Raymond FY profit plummets 82%

1 May 2013

Indian textile and clothing manufacturer and retailer Raymond Ltd has seen its profit for the last financial year plummet 82%, blaming high inflation and interest rates, subdued market conditions, and efforts to consolidate its apparel business.

INDIA: Raymond resumes operations at Gujarat plant

12 March 2013

Indian textiles and apparel manufacturer Raymond Ltd has resumed operations at its manufacturing plant in Gujarat after the Gujarat Pollution Control Board (GPCB) withdrew its notice closure.

INDIA: Raymond suspends operations at Gujarat plant

11 March 2013

Indian textiles and apparel manufacturer Raymond Ltd has temporarily suspended operations at its textile manufacturing plant in Gujarat, after receiving a closure notice for allegedly violating pollution rules.

INDIA: Raymond Q3 profit slides 74%

24 January 2013

Indian textiles and apparel manufacturer Raymond Ltd has seen its third-quarter net profit plummet on the back of higher costs and a "challenging" trading environment - but said it remains confident in its outlook.

INDIA: Raymond swings to Q3 profit despite challenges

20 January 2012

Indian textiles and apparel manufacturer Raymond Ltd has swung to a third quarter profit thanks to strong sales in its textiles, denim and branded apparel segments.

Global news roundup

21 July 2010

The following is a roundup of apparel and footwear news from the world's local media. just-style has not checked these stories so cannot guarantee their accuracy.

INDIA: Raymond targets retail growth after Q3 profit

21 January 2010

Raymond Ltd, one of India’s leading textile and apparel companies, has swung to a third quarter profit, helped by higher sales and lower material costs.

INDIA: Raymond takes full ownership of Gas denim brand

2 October 2009

Apparel and textile group Raymond Ltd has taken full ownership of the Gas denim brand in India after Italian firm Grotto SpA relinquished its 50% stake in the venture.

US: Uco Fabrics to close plant with loss of 198 jobs

27 October 2008

Denim maker Uco Fabrics Inc is to close its plant in Rockingham, North Carolina, with the loss of 198 jobs.

INDIA: Raymond swings to Q1 loss

1 August 2008

Despite rising sales, Raymond Ltd, one of India’s leading textile and apparel companies, has swung to a first quarter loss of INR416m (US$9.8m) from a profit of INR54m in the same period last year.

INDIA: Raymond sets record price for finest wool bale

27 June 2008

Indian textile major Raymond Limited, one the world’s largest worsted suiting companies, has paid the record price of $250,000 for a bale of ultrafine Australian wool.

INDIA: Raymond Q4 profit jumps 153%

30 April 2008

Indian textiles to tools maker Raymond Ltd today (30 April) posted a 153% hike in fourth quarter profit, helped by strong sales of its branded apparel.

US: Stage Stores names new CFO

13 September 2007

Fashion retailer Stage Stores has announced the appointment of Edward Record as its executive vice president, chief financial officer.

US: Kohl's boosts second quarter net income by 15.9%

20 August 2007

Kohl’s Corporation's second quarter profit rose 15.9% to US$269.2m in what the company described as a "consistent" period.

HONG KONG: Li & Fung spends $243m on apparel, shoe firms

16 August 2007

Hong Kong-based Li & Fung, the world’s biggest textile sourcing group, has posted a 38% hike in first half profit and says it is to spend more than $243m on buying two suppliers to help it take advantage of the global trend toward outsourcing.

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