Fashion

Alibaba to sell intime department stores for $1 billion amid restructuring

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud operations

Nykaa Fashion's CEO Nihir Parikh quits company with immediate effect

Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd. "Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing. The fashion vertical accounts for less than 10 per cent of the company's revenue. The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical. The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.

Abercrombie & Fitch expands into India via partnership with Myntra Jabong

American lifestyle retailer Abercrombie & Fitch Co. on Thursday announced a multi-year franchise partnership with Myntra Jabong, the business-to-business wholesale arm of fashion and lifestyle e-commerce platform Myntra. The collaboration aims to expand Abercrombie & Fitch's retail presence in India through physical stores and e-commerce platforms, enhancing its brand reach in the region. "Over the life of the franchise agreement, Myntra Jabong will build a brick-and-mortar retail store presence in the country, regional e-commerce sites and branded digital storefronts operated by a network of licensed and independent third parties," a company statement said. Abercrombie & Fitch Co. CEO Fran Horowitz expressed enthusiasm about engaging with Indian customers and said India is an incredibly dynamic and diverse market where the brand sees "tremendous long-term potential". Store presence will be built starting from top metros, including Delhi and Mumbai, which would be among ...

Burberry's new CEO Schulman faces outlet store and pricing dilemmas

Schulman, the company's fourth CEO in 10 years, previously held the top job at Coach and at Michael Kors, and is expected to set out a new strategy for Burberry at half-year results on Nov 14

Fashion Day 2024: Check history, significance, theme, quotes and more

Fashion Day 2024: Every year, the world celebrates Fashion Day to honour creativity, fashion and self-expression. This day honours the progression of fashion trends and contributes to art and culture

Nykaa to scale up beauty, fashion biz in next 3 years: CEO Falguni Nayar

Moreover, Nykaa aims to grow its fashion business by 2.5x-3x over the next three years, as it looks to become Ebitda positive in the near future

The 2024 Met Gala: All you need to know about theme, dress code and more

Affectionately known as 'fashion's biggest night out,' the Met Gala is an annual fundraising event for the Metropolitan Museum of Art in New York City, traditionally held on the first Monday of May'

Met Gala 2024: List of celebrities not attending the fashion event

Met Gala 2024: The Met Gala, one of the biggest fashion nights, will be attended by Blake Lively and Isha Ambani. Several celebrities are not attending the fashion night

Met Gala 2024: All you need to know about the biggest fashion event

Tailored for you: Why it makes better style sense than readymade clothing

The neigbourhood tailor or a designer's team will dress you the way you like and what suits your shape

Summer fashion style goes comfortable, environmentally sustainable

Linen, cotton, khadi among fabrics that people are wearing as temperatures rise

Fashion, grocery to capture 2/3rd of e-commerce by 2027: Falguni Nayar

Nayar, speaking at the Startup Mahakumbh in New Delhi on Monday, said that India is currently at a stage similar to where China was 15 years ago

Krystyna Pyszkova from Czech Republic crowned Miss World 2024 in Mumbai

Czech Republic's Krystyna Pyszkova on Saturday won the coveted Miss World 2024 title at a grand event here. Miss Lebanon Yasmina Zaytoun was named the first runner-up. Reigning Miss World Karolina Bielawska from Poland crowned her successor at the star-studded finale here. India, which hosted the event after 28 years, was represented by 22-year-old Sini Shetty. Mumbai-born Shetty, who was crowned Femina Miss India World in 2022, was unable to make it to the top 4 of the contest. India has won the prestigious title six times -- Reita Faria (1966), Aishwarya Rai Bachchan (1994), Diana Hayden (1997), Yukta Mookhey (1999), Priyanka Chopra Jonas (2000), and Manushi Chillar (2017). The 71st Miss World pageant, which witnessed participation of contestants from 112 countries of the world, was held at the Jio World Convention Centre in BKC here. Part of the 12-judge panel for the finale were film producer Sajid Nadiadwala; actors Kriti Sanon, Pooja Hegde; cricketer Harbhajan Singh; news

At Bharat Tex, PM Narendra Modi asks textile industry to think globally

PM Modi said that the industry should come up with a report based on the fashion choices in various countries of the world

Formal, casual, always classy: Blazers suit all your style needs

It is a myth that the blazer is meant for the office and that it only comes in dark or grey

Bata steps up to take on global moulded footwear and sneaker brands

Bata is pushing its Floatz product line to grab a share of the moulded footwear market but at a lower price than Crocs and Birkenstock

India incredibly important, one of our top markets today: Skechers CFO

The 650 square metre facility is capable of shipping up to 60,000 pairs of shoes per day and will interface with Skechers' direct-to-consumer channel and its headquarters in Mumbai as well as the USA

Snitch looks to open 7-8 stores in FY24, expand deeper into Indian cities

Men's fashion brand Snitch looks to expand its presence in small cities and towns and open at least 7-8 offline stores in places like Surat, Mumbai and Pune this financial year, a top company official said. The company has a good presence in Tier-1 and -II cities, Snitch founder Siddharth Dungarwal said. The company has its largest consumer base in Mumbai and Pune followed by Delhi NCR and Bengaluru at present. "The next set of strategies for us is to penetrate deeper into the tiers and geographies, into the Tier III and -IV plus in terms of team building," Dungarwal told PTI. The fashion brand also looking to open 7-8 offline stores this fiscal and take the number of stores to 22 in the next financial year. "Expanding our offline stores now, we'll be doing at least seven to eight offline stores in places like Surat, Mumbai, Pune, and Hyderabad by FY24," he added. The fashion brand started its journey as a B2B player in 2019. It expects a revenue of Rs 250 crore in the current ...

Wedding affair: Here's what hot in attire, style and colours this season

What are the trends in bridal wear this wedding season? Here's a lowdown before you go shopping

Behind the 'new' India

Persistent unemployment has forced people to reluctantly stick to farming