Latest Textiles And Apparel News

Merino & Co. Limited reported a 36.3% revenue decline to $2.24 million for FY26, with losses narrowing 20% to $2.21 million. China now drives most of the group’s revenue and all segment profits, offsetting the Australian market’s sharp contraction.

GLG Corp has significantly revised its profit guidance for FY2025, now expecting a net loss of up to $1.5 million, a sharp increase from earlier estimates.