Indian Fashion Industry

Delhi's Khan Market 22nd most expensive retail location globally: C&W

Delhi's upscale Khan Market has retained the 22nd rank in a global list of most expensive high-street retail locations with an annual rent of USD 229 (over Rs 19,000) per sq ft, according to Cushman & Wakefield. Via Monte Napoleone in Milan, Italy, has become the most expensive main street globally with an annual rent of USD 2,047 per sq ft, beating New York's Upper 5th Avenue (49th to 60th Sts) which commands a rental of USD 2,000 per sq ft a year. Global real estate consultant Cushman & Wakefield on Thursday released the 34th edition of its flagship retail report 'Main Streets Across The World 2024' that focuses on headline rents in 138 best-in-class urban retail locations across the globe. The global index ranks the most expensive destination in each market. With rents at USD 229 per square foot annually (around Rs 19,330), Khan Market retains its position on the prestigious global list and continues to be India's most expensive high street, the consultant said. Khan Market

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

Fashion retailers may see up to 15% revenue growth in FY25: Report

Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a "stable outlook" on the fashion retail segment. "The operating profit margin (OPM) of its sample set of companies is likely to remain in the range of 13-14 per cent in FY2025. This is despite a robust 14-15 per cent YoY (Year-on-Year) revenue growth estimated for the year, supported by network expansion," it said. Icra expects fashion retailers to report marginal sequential sales growth in Q2 FY2025, especially with the shift from the festive season to Q3 this year. "The revenue growth is likely to pick up during the festive season, which coupled with regular network expansion, is expected to result in a 14-15 per cent YoY revenue expansion in FY2025," it said. Th

Organised apparel retailers to clock 8-20% revenue growth in FY25: Report

Festive and wedding season and increasing preference for fast fashion is expected to help the organised retail apparel sector log 8-10 per cent revenue growth this financial year, a report said on Tuesday. The organised retail apparel sector will clock a revenue growth of 8-10 per cent this fiscal riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, which is inexpensive, trendy clothing that mimics high fashion designs and popular styles, Crisil Ratings said in a report. "The mass market segment accounts for 60 per cent of total sales now, compared with 56 per cent before the pandemic, due to the rising popularity of fast fashion, which is expected to be the primary revenue driver this fiscal. The likely increase in demand for premium clothing during the upcoming festive and wedding seasons will also contribute to overall revenue growth of 8-10 per cent this fiscal," Crisil Ratings Senior ...

PDS raises Rs 430 cr through QIP, subscription exceeds 2 times issue size

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. "This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet," the company said. "This funding will be pivotal in propelling our expansion efforts, driving innovation, and expanding our global footprint into new and exciting markets," PDS Executive Vice Chairman Pallak Seth said. PDS Ltd is a fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution

Ambani takes Shein's help to battle Tata in race to sell affordable fashion

Reliance Industries Ltd. has poured more than $2 billion into its retailing unit over the past year

Bharat Tex Expo next month to attract over 3,500 exhibitors: Textiles secy

Over 3,500 exhibitors and more than 3,000 overseas buyers are expected to participate in Bharat Tex 2024 -- a global textile expo to be held here from February 26-29, a senior official said on Tuesday. The expo is expected to bring together stakeholders across the textile value chain, including government and industry representatives, Secretary in the Ministry of Textiles Rachna Shah said. The mega event will provide a unique opportunity to India to showcase itself as a global sourcing and investment destination. "We expect participation of over 3,500 exhibitors from India and abroad, more than 3,000 overseas buyers and 40,000 business visitors at the Bharat Tex Expo, along with participation of policymakers, government representatives from India and abroad, the industry and buyers," she said. Elaborating on the various initiatives of the Ministry of Textiles, Shah said a "Centre of Sustainable Fashion Technology" is proposed to be established to promote capacity building and resea

India's young fashion stalwarts Kunal Rawal, Ekaya Banaras collaborate

Men's wear couturier Kunal Rawal and luxury handloom brand, Ekaya Banaras, come together in a unique collaboration. Two of India's young fashion stalwarts have amalgamated their design sensibilities

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Couture gets corporate push as designers get capital, support for vision

Covid has been a game changer for the fashion industry and the ripples of its after-effects can be seen with many designers struggling to stay afloat

We will continue to live stream the fashion week: FDCI chairman Sunil Sethi

The upcoming edition of FDCI x Lakme Fashion Week, a fully on-ground event, is the first indication of the industry returning to normalcy, says Sethi

A shawl to keep you warm in winter and flaunt your style statement

From earth tones to bright hues, alpaca wool to pure silk, handmade shawls are a wonderful way to introduce colour and class into your wardrobe

Kidswear rules online fashion with 200% rise in order volume: Unicommerce

According to the "Fashion E-commerce Report" by Unicommerce, another interesting trend was that online fashion gained prominence in tier-2 and tier-3 cities

How technology is changing the silhouettes of fashion in Covid times

From omnichannel, to AI, to 3D technology, the fashion industry is in the middle of a digital revolution

How Manish Arora went from being 'god' of fashion to failed businessman

Manish Arora was the breakout fashion star of India. Today, his business is in tatters, with a trail of debts. What happened?

Meet the people who are tirelessly policing India's fashion industry

Ruffling feathers aside, @dietsabya is tackling an issue that has for long plagued the Indian fashion industry

Diwali was dim for fashion industry reeling under demonestisation, GST

Demonetisation was a wonderful move by the government, but it was badly executed, says a designer

Celebrating India's tradition at London's Varana

Indian fashion, mostly, has been either inexpensive streetwear or wedding wear lacking elegance

Hot couture: It's all about practical fashion this summer

Saturated pastels and beautiful gossamers will make you turn to ethnic wear this summer

Crisis on the ramp

Is the Indian fashion industry running out of creative ideas? The author looks for answers