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Fashion 13-10-2023

Apparel Group Shines at RetailME Awards 2023

13 October 2023, Mumbai

Apparel Group, a global fashion and lifestyle retail leader, won five major awards at the prestigious Images RetailME Awards ceremony.

The awards celebrate excellence and innovation in various retail sectors.
Sustainability and Beyond
Apparel Group received the Most Admired Responsible Retailer of the Year award, showing its strong commitment to sustainability and social responsibility.
Outstanding Brands; Four of Apparel Group’s brands were also recognized for their achievements in the retail domain.
The awards reflected the group’s dedication to innovation, sustainability, and excellence in retail.

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Fashion 13-10-2023

Fashion Industry's Mixed Response to Web 3.0

13 October 2023, Mumbai

Web 3.0, the third major evolution of the internet, is gathering mixed response from the fashion world. Some luxury fashion labels have embraced Web 3.0 communities by beginning to accept crypto payments, such as Gucci, Off-White, and Farfetch. However, many brands are hesitant due to the volatility of cryptocurrencies and the recent crypto crash.
Consumer delight
Despite some high-profile examples, consumer engagement with Web 3.0 activations is still on the low side, and it skews towards the young, affluent, male demographic. This is likely due to the fact that Web 3.0 is still in its early stages of development, and many consumers are not yet familiar with it.
The crypto crash has also sapped the forward momentum of the emerging Web 3.0 marketing landscape, as many CMOs are now skeptical of the technology. If cryptocurrencies don't regain the public's trust, it is unlikely that brands will embrace Web 3.0 for what it is.
Why Some Brands Are Fence-Sitters
Volatility of cryptocurrencies: Cryptocurrencies are known for their volatility, which can make them risky for businesses to accept.
Recent crypto crash: The recent crypto crash has further eroded public trust in cryptocurrencies.
Low consumer engagement: Consumer engagement with Web 3.0 activations is still on the low side.
Skepticism from CMOs: Many CMOs are skeptical of Web 3.0, especially in light of the recent crypto crash.

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Fashion 13-10-2023

Lakmé Fashion Week returns to Delhi with glitz and glamour

04 October 2023, Mumbai

Lakmé, in collaboration with the Fashion Design Council of India (FDCI) and Reliance Brands (RBL), is set to make a triumphant return to the heart of India's fashion scene in New Delhi.

The much-anticipated Lakmé Fashion Week is scheduled to dazzle from 11th to 15th October 2023 at Pragati Maidan.

Larger than life event

This iconic event promises an impressive lineup of designers, spanning from new talents to established stars, who will showcase the latest beauty and fashion trends in the country. The festivities will commence with a Grand Show on 10th October, featuring an iconic Indian designer's interpretation from Lakmé’s Glitterati collection, presented by Lakmé, FDCI, and RBL.

Having pioneered the fusion of beauty and fashion since 1952, Lakmé occupies a unique place in India's cultural landscape. This season, Lakmé Fashion Week x FDCI will bring the brand's festive spirit to life in New Delhi, with the theme 'Glitterati,' celebrating the power of sparkle in the Winter-Festive season. For the first time, Lakmé will unveil a series of makeup and skin trends.

Grand Finale

The event will culminate with the House of Lakmé Grand Finale on 15th October, featuring an Indian designer who has transcended boundaries. Sunil Sethi, Chairman of FDCI, expressed excitement about the return to New Delhi, emphasizing the goal of supporting and inspiring designers.

Jaspreet Chandok, Group Vice President of Reliance Brands, looks forward to a celebration of remarkable design talent, innovation, and sustainability.

The event will be live-streamed on various platforms to reach a global fashion audience.

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Fashion 04-10-2023

Rahul Mishra: A Champion of Sustainable Fashion

18 September 2023, Mumbai

Rahul Mishra is an Indian fashion designer renowned for his ethical, responsible, and sustainable practices. He has made significant contributions to the fashion industry, including becoming the first Indian designer to present at Paris Haute Couture Week in 2020.

Mishra's designs draw inspiration from India's rich cultural heritage and traditional textiles. He collaborates closely with local artisans to create unique pieces that showcase their skills and artistry. His collections have been worn by celebrities such as Priyanka Chopra Jonas, Zendaya, and Viola Davis.

A staunch advocate of sustainable fashion, Mishra employs eco-friendly materials and production methods in his work and supports fair trade practices.

His commitment to sustainability has been recognized with numerous awards, including the International Fashion Award for Sustainable and Ethical Brand in 2018 and the Chevalier de l'Ordre des Arts et des Lettres (Knight of the Order of Arts and Letters) in 2020.

Mishra's key collections

Cosmos (Spring 2023)
We, The People (Fall/Winter 2023)
The Tree of Life (Fall 2022)
Architecture (Fall 2021)
Van Gogh (2017)

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Fashion 18-09-2023

Lakmé Fashion Week X FDCI: Sanjay Garg's Raw Mango to open

10 October 2023, Mumbai

Sanjay Garg's celebrated fashion label, Raw Mango, will open the Lakmé Fashion Week X FDCI on October 10th in New Delhi. The brand will showcase its new collection, ‘Children of the Night,’ which reflects its unique vision of Indian heritage and contemporary style. The collection will also be complemented by Lakmé’s new ‘Glitterati’ makeup range, adding a touch of glamour and sparkle.

Quotes

FDCI Chairman Sunil Sethi said, “Sanjay is a visionary designer who has brought Indian handlooms and crafts to the forefront of global fashion. His show will set the tone for the five-day Lakmé Fashion Week in partnership with FDCI, which promises to be a spectacular event.

It features innovative textiles, such as brocade that mimics knitwear, multicolored weaves, and dazzling metallics.”

Raw Mango is known for its exquisite craftsmanship and its use of traditional Indian textiles. The brand's designs are both timeless and contemporary, and have been worn by celebrities such as Michelle Obama and Rihanna.

Eponymous

The Lakmé Fashion Week X FDCI is one of India's most prestigious fashion events. It showcases the work of the country's leading designers and provides a platform for them to launch their new collections. The event is also attended by buyers and media from all over the world.

The opening show of the Lakmé Fashion Week X FDCI is always a highly anticipated event. It is an opportunity for designers to showcase their creativity and vision, and to set the tone for the rest of the week.

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Fashion 10-10-2023

Fashion Retailers to Face Profit Margin Pressure in FY2024, Despite Revenue Growth: ICRA

23 September 2023, Mumbai

Fashion retailers are expected to face profit margin pressure in FY2024 due to higher discounts in response to a demand slowdown and increased expenses on advertising and promotion aimed at supporting revenue growth, according to an analysis conducted by ICRA.

Operating leverages

The operating profit margins of 11 listed retail entities, constituting 23% of the industry's revenue, are projected to decrease by approximately 120 basis points (bps) to 5.2% in FY2024.

This is despite an estimated 13% year-on-year (YoY) growth in revenue for the year, driven by the expansion of their network.

Observation

The rating agency currently maintains a stable outlook on the retail sector, suggesting that it expects the sector to remain resilient despite the challenges it faces.

However, the pressure on profit margins could impact the profitability of individual retailers and lead to consolidation in the industry.

Driving hard outcomes

Fashion retailers can mitigate the pressure on profit margins by focusing on cost optimization, improving product mix, and enhancing customer experience. They can also explore new opportunities, such as expanding into online retail and offering value-added services.

Overall, the outlook for the fashion retail industry in FY2024 is mixed. Revenue growth is expected to continue, but profit margins could come under pressure. Retailers need to be proactive in managing their costs and focusing on customer needs in order to remain successful in this challenging environment.

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Fashion 23-09-2023

CENTRESTAGE 2023: A successful platform for Fashion Brands

15 September 2023, Mumbai

Asia's premier fashion event CENTRESTAGE attracted over 7,700 buyers from 78 countries and regions.

The 3-day exhibition showcased over 240 fashion brands from 19 countries, with many exhibitors and buyers impressed by the quality and variety of products on display. The fair also opened to the public on its final day, with over 30 fashion shows and events attracting enthusiastic participation.

Key highlights

The fair attracted more buyers from the Middle East, Mainland China, and ASEAN countries.
67% of respondents believed that Hong Kong-designed fashion products were of the same quality as those in developed markets.
85% of respondents named Hong Kong as their top choice for physical trade fairs.
74% of respondents agreed that sustainable fashion would be prevalent in the industry this year.

CENTRESTAGE is a valuable platform for fashion brands to connect with buyers and showcase their products. The fair has successfully created business opportunities for exhibitors and buyers, and it is a key event in the global fashion industry.

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Fashion 15-09-2023

CAMLA Barcelona Embarks on Spectacular Expansion Journey

05 October 2023, Mumbai

CAMLA Barcelona, the renowned fashion brand celebrated for its distinctive designs and exceptional quality, is embarking on a spectacular expansion strategy. This marks a significant milestone in the brand's journey, promising a wider world of fashion.

Key Features

The brand plans to open 10 new exclusive retail stores in metropolitan areas and Tier 1 and Tier 2 cities across India.

The expansion strategy is tailored to resonate with the dynamic and varied fashion preferences prevalent in urban landscapes.

CAMLA Barcelona is also collaborating with commercial real estate partners to launch flagship stores and physical retail outlets.

Significance

CAMLA Barcelona's expansion journey is significant for several reasons:

It will enhance accessibility and welcome a diverse customer base.

It will deepen the connection between CAMLA Barcelona and its stakeholders.

It will solidify the brand's position as a leading fashion authority.

It will make a lasting impact on the fashion landscape by weaving a richer and more diversified narrative.

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Fashion 05-10-2023

India's Pavneet Kaur Emerges as People's Choice at Redress Design Award

Centrestage, Hong Kong: Pavneet Kaur, a rising star in the world of fashion hailing from India, has clinched the coveted People's Choice award at the Redress Design Award 2023. Her remarkable journey from a small town in Uttar Pradesh to the forefront of sustainable fashion is a testament to her unwavering commitment to sustainability and innovation.

Amidst the backdrop of the COVID-19 pandemic, Pavneet's extraordinary odyssey began when she stumbled upon discarded turbans, a traditional Sikh attire, concealed in her father's wardrobe. This serendipitous discovery served as the ignition for her transformation into a sustainable fashion visionary.

Her collection, 'EUTOPIA,' inspired by the solarpunk movement, captivated the fashion world with its vibrant color palette, symbolizing optimism for a sustainable future. These discarded turbans, skillfully upcycled into dresses, shirts, and jackets, showcase not only aesthetic appeal but also sustainability, as they are crafted from cotton and silk, double- and triple-layered for durability.

Beyond aesthetics, Pavneet's work resonated deeply with her local community in India, offering fair employment opportunities to local artisans and preserving the nation's rich arts and crafts heritage. She challenged traditional fashion practices, reimagining fashion's role in creating positive change.

Pavneet's dedication earned her the People's Choice Award, marking her journey with circular challenges, factory tours, and invaluable mentorship from industry leaders like Orsollad Castro, co-founder of Fashion Revolution. This journey, from collecting discarded turbans to claiming the People's Choice title at the Redress Design Award, inspires aspiring designers and fashion enthusiasts worldwide. Pavneet Kaur's story is a testament to the transformative power of vision, determination, and a commitment to a sustainable future in the world of fashion.

Fashion 21-09-2023

India's Pavneet Kaur Emerges as People's Choice at Redress Design Award

Sabyasachi Mukherjee: Merges Indian Craftsmanship with Western Aesthetics

14 September 2023, Mumbai

Veteran Indian fashion designer Sabyasachi Mukherjee is known for seamlessly merging Indian craftsmanship with Western aesthetics.

Sabyasachi Mukherjee is a veteran Indian fashion designer who is known for seamlessly merging Indian craftsmanship with Western aesthetics.

His global recognition, including a recent collaboration with Walt Disney for their 100th anniversary, is a testament to his prowess.

A/W range

Renowned for bridal couture, Sabyasachi's designs exude Indian beauty and heritage, emphasizing quality and uniqueness in every campaign. His latest Autumn/Winter 2023 collection is no exception.

The collection encompasses clothing, accessories, and jewelry, and is crafted to the highest standards of quality, authenticity, and craftsmanship

The A/W 2023 palette features rich autumnal tones like black, maroon, brown, rust, beige, and olive green.

Contemporary silhouettes are adorned with intricate sequin and Swarovski crystal embellishments.

From handbags to jewelry, from sweaters to embellished trench coats, this collection seamlessly blends diverse cultural influences.

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Fashion 14-09-2023