Fashion Brand

Reliance shuts G-Star RAW and Replay fashion stores amid sluggish demand

Most G-Star RAW stores in India have already closed down, while the brand is still available through online platforms. Italian brand Replay will shut stores due to losing relevance in Indian market

Inditex Q3 sales and profit miss estimates; shares drop 5% amid challenges

Inditex reported revenues up 9 per cent in currency-adjusted terms in the six weeks to Dec. 9, which includes key Black Friday sales, slower sales growth than the 14 per cent reported a year ago

India set to become hottest destination for global fashion brands by 2025

Country's luxury retail market sales set to rise by 15-20% in 2025: McKinsey survey

LVMH sales slump in China rattles investors in luxury shares: Report

Slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 billion in LVMH market capitalization

Value fashion retailer Baazar Style raises Rs 250 cr from anchor investors

Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value

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

Shein hikes prices ahead of IPO; avg price of dress jumps by 28% in US

The company operates an online marketplace selling an array of merchandise, though its main business is making and selling Shein's own brands, primarily women's clothing

Go Fashion (India) to expand; plans to open 120-150 new stores in FY25

Go Fashion (India) Ltd which owns the popular women's wear brand 'Go Colors' has drawn up plans to add 120-150 net new stores in FY25, a top official has said. The company added a total of 94 stores last financial year taking the overall count to 714, company CEO Gautam Saraogi said. Go Fashion was also exploring 'omnichannel strategies' leveraging technology to offer physical and online shopping experiences, expanding reach to consumers in various cities. Meanwhile, the city-based company reported a profit after tax of Rs 13.1 crore for the January-March 2024 quarter as compared to Rs 14.8 crore registered in the same period of last year. For the year ending March 31, 2024, the PAT remained unchanged at Rs 82.8 crore as compared to Rs 82.8 crore recorded during the same period of last year. "During FY24, our company achieved a growth of 15 per cent year-on-year in revenues to Rs 763 crore. EBITDA stood at Rs 242 crore witnessing a growth of 14 per cent year-on-year. Our PAT for FY

Myntra obtains India franchise rights for UK's fashion brand NEXT

E-commerce platform Myntra on Friday said it has bagged franchise rights for UK's fashion brand NEXT for the country. Myntra has signed a franchise agreement with UK's fashion brand NEXT to this effect. The association allows Myntra Jabong Pvt. Ltd, Myntra's B2B wholesale entity, the right to distribute NEXT's range of products, while holistically scaling NEXT's omni-channel presence in India, a company statement said. "As a part of this franchise agreement, Myntra's business-to-business (B2B) entity will set up NEXT branded stores in India," it said. It added that the association enables NEXT to tap into the vast, diverse and ever-evolving Indian market by allowing Myntra Jabong Pvt Ltd to distribute its products on a wholesale basis. "With a successful trajectory of growing NEXT online in India, our first year of working together has resulted in establishing the right product, audience and price fit in the country. "With a strong playbook in exponentially building adoption for

Nykaa Q3FY24 results: Net profit increases 106% to Rs 17.5 crore

The company's consolidated revenue from operations grew 22 per cent YoY to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24

Luxury renaissance: All that made 2023 a year of opulence and achievement

The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest

Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range

Fashion D2C brand Snitch secures Rs 110 crore in series A funding

The firm said this funding round stands out, especially at a time when many late-stage D2C brands struggle to secure capital

Nykaa Q2FY24 net profit jumps 50% to Rs 7.8 crore, revenue rises 22%

The firm's total expenses for the quarter came in at Rs 1,502 crore, a 22 per cent increase from Rs 1,228 crore in Q2 FY23

56th edition of IHGF Delhi Fair Autumn and Delhi Fair Furniture has begun

Delhi is witnessing a fashion to furnishing fair from October 12 to 16, 2023. The 56th edition of the Delhi fair has already started and it expects more than 3000 exhibitors

Fashion brand AJIO announces 'All Stars Sale', to start on September 22

Customers can save big and get up to 50-90% off across top brands and categories with an extra discount up to 10% off on using ICICI credit and debit card

Gucci's CEO is stepping down as its French parent shakes up leadership

The president and CEO of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering. Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying on Tuesday that he "masterminded the execution of Gucci's outstanding growth strategy since 2015". He was part of Kering's leadership for 18 years. Bizzarri will be replaced by Jean-Francois Palus, who is now Kering's managing director. Palus will be tasked with strengthening Gucci's teams and operations as the brand rebuilds influence and momentum, according to the company's statement. Historically, Gucci accounted for most of Kering's profits, but it has been under some scrutiny after underperforming rivals. Kering also said it was promoting Yves Saint Laurent President and CEO Francesca Bellettini as deputy CEO for brand development, managing all of its fashion

Magicpin plans to have 20,000 fashion stores on its platform: CEO

Hyperlocal e-commerce firm magicpin plans to have 20,000 fashion stores on its platform by December this year, a senior company official said. The company claims to have added over 150 fashion brands and 10,000 fashion stores in the last 12 months. Fashion as a category currently contributes 25 per cent to the company's total business, magicpin CEO and co-founder Anshoo Sharma told PTI "Going further, we will double down our presence and tie up with 10,000 more fashion stores by the end of this calendar year and bring our grand total to 20,000 stores by end of the year, as customers' seek value for money fashion options from popular international and national brands," he said. According to Statista, India's fashion market size was estimated at USD 97.8 billion in 2020 and is projected to reach USD 180 billion by 2030, growing at a CAGR of 8.5 per cent. The company has onboarded brands like Puma, Titan World, Wildcraft, United Colors of Benetton, Levi's, Lifestyle, Pantaloons, Max

Amazon leads $20 mn funding round in children's fashion brand Hopscotch

Start-up says it will use the money for marketing, broaden its selection, get more customers

Sustainable fashion gets thrown a life jacket after PM wears upcycled sadri

This is the first company in India with end-to-end capabilities in the sector, starting from recycling and making yarn and fibre to value-added finished products