Apparel March 2020 Apparel March 2020 issue | Page 24

MARKET WATCH
Donear NXG, a leading lifestyle menswear brand
from the House of Donear Industries, participated
in the 70th edition of National Garment Fair
organised by the Clothing Manufacturers
Association of India (CMAI). The fair was held
from January 29-30, 2020 at the Nesco Center,
in Mumbai. Donear NXG’s stall displayed daily
essentials, from formal shirts to casual shirts
and formal trousers to casual trousers, denims
and T-shirts, endorsed by top celebrity and
the brand ambassador, Sushant Singh Rajput.
Rahul Agarwal, Director, Donear, said, “We are
immensely glad to be a part of the 70th edition
of National Garment Fair, which will help us
reach a larger audience. Our brand caters to
the next generation and we are proud to share
that considering the changing climate, we have
recently launched an environment friendly product
line utilising recycled fibres and organic cotton
for our trousers and shirts, respectively. We at
Donear NXG strive to keep up with the changing
fashion trends while providing our customers with
the best-quality products.”
Excerpts from indiantextilejournal.com
Donear NXG Showcases
its Collection at National
Garment Fair
Gokaldas Exports Report
Q3 Net Loss of 13 Crore
The apparel export business Gokaldas Exports
reported a net loss of R13 crore ($1.9 million)
for the third quarter which ended in December
2019, as against a net profit of R9 crore that it
had posted in the corresponding quarter of the
previous fiscal year. The company’s sales revenue
for the quarter rose 21 percent to R322 crore,
as against R267 crore it had reported during the
previous quarter ended December 2018. For
the 9 months from April to December, Gokaldas
reported net sales of R1,056 crore with a net
profit of R24 crore. The business had recorded
losses totalling Rs 46 crore in the 2017 financial
year followed by losses of R28 crore in the 2018
financial year. In the 2019 financial year, the
business reported a turnaround with a net profit
of R26 crore with a profit in each quarter.
Excerpts from Fashion Network
Radhika Apte Collaborates with ISU for New Collection
Bollywood actress Radhika Apte has collaborated with fashion wear brand ISU for a new inclusive collection to promote
body-positive clothing in the country. Commenting on the new collection, Radhika Apte in a statement said: "ISU's
ideologies instantly matched with mine. In a world that is obsessed with perfection, it is important that we don't succumb
to the unrealistic standards set by society. We do not realize that it is not about breaking the norm; it is about creating
the norm. This project is extremely close to my heart as it stands for self-acceptance, self-love and embracing oneself,
wholly." Rashi Menda, CEO & founder ISU said: "The boldness and confidence that Radhika Apte carries is something
that fits perfectly with the aim of this collection. To create styles that fit effortlessly on the unique Indian body type, we
have invested nine months in getting the shape and measurements right. That's pretty much like birthing the new size
standard. We are sure this collection will make everyone feel effortlessly you.”
Excerpts from Fashion Network
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I APPAREL I
March 2020