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Fashion 23-12-07

Newme plans to spread retail network with 12 stores next year

A burgeoning fashion-tech startup Newme is set to expand its retail footprint, with plans to open 12 stores across India next year. The brand recently opened its maiden brick-and-mortar store in Mumbai, marking a strategic move to strengthen connections with fashion-forward individuals across the country, points out emphasized by Sumit Jasoria, the Co-Founder and CEO.

Buoyed by a remarkable 10-fold surge in sales during the recent Black Friday event, the company now aims to broaden its customer base to encompass more than 500 Gen Z consumers in both India and Southeast Asia.

Founded in 2022, Newme has a targeted approach, aiming to cater to over 500 million Gen Z customers in the aforementioned regions. The brand specializes exclusively in women's wear, boasting of an in-house design team. Noteworthy is the brand's commitment to innovation, with investments in data science and the development of a new stack to facilitate the launch of fresh designs on a weekly basis.

Fashion 23-12-07

Newme plans to spread retail network with 12 stores next year

Fashion accessories brand Miraggio invests Rs 10 crore to expand operations

29 November 2023, Mumbai

Miraggio, the well known fashion accessories brand is looking to scale operations with a Rs 10 crore investment secured through a pre-series funding round.

The brand, under the leadership of Founder and CEO Mohit Jain, aims to establish new benchmarks in luxury fashion while encouraging individuals to elevate their personal styles.

About Brand

Miraggio's expansion strategy includes broadening its product categories to include backpacks and wallets, with the goal of reaching an annual recurring revenue of Rs 100 crore by 2024. The brand has witnessed remarkable growth, tripling its revenues in the past 12 months, according to Devarat Jatia, CIO of Seven Rivers Holdings.

Currently boasting an impressive annual growth rate of 140 percent, Miraggio, established in 2020, serves approximately two million customers.

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Fashion 23-11-29

India’s value fashion segment sees tough competition with growing incomes, higher aspirations

22 November 2023, Mumbai

Increasing incomes and burgeoning consumer aspirations in small town India have intensified competition in the value fashion market. As this segment gains traction, well-known retailers are facing tough competition. A notable case in point is Zudio, the flagship brand of Trent.

Since its establishment in FY’17, Zudio has expanded its footprint to over 350 standalone stores, generating impressive revenues worth Rs 3,540 crore. The brand has adopted a franchise-owned company-operated model, effectively managing all inventory costs. The success of this approach has attracted several national retailers, including Yousta (Reliance Retail), Style-Up (ABFRL), and InTune (Shoppers Stop), to adopt a similar model.

Multiple data-points

As market analysts from Motilal Oswal Financial Services point out, the value fashion segment is expected to maintain a steady growth of 6 per cent Compound Annual Growth Rate (CAGR) from 2020 to 2026.

However, factors such as rising disposable income and consumer-friendly demographic trends are expected to drive future growth at an impressive 23 per cent CAGR. While the value-fashion segment is dominated by unorganized retailers who make up almost 57 per cent of the overall market, regional retailers are yet to make a significant impact in this segment.

Latest Textile Events

Fashion 23-11-22

Birla Cellulose & SaXcell Partner to Create Recycled Man-Made Cellulosic Fibers

02 November 2023, Mumbai

Birla Cellulose and SaXcell have signed a Memorandum of Understanding (MoU) to collaborate on the production of recycled man-made cellulosic fibers. SaXcell's textile waste pulping technology combined with Birla's wet spinning expertise will result in high-quality and eco-friendly "SaXcell" recycled fibers.

Outlines
Both companies share a vision for a more circular textile industry. Erik van der Weerd, CEO of SaXcell, highlighted the importance of global cooperation to address the social and environmental challenges facing the industry. He believes that the combined innovation and production capacities of SaXcell and Birla offer a great opportunity to make a real difference.

Nuanced picture
Dr. Aspi Patel, Chief Technology Officer of the Aditya Birla Group & Birla Cellulose, expressed the company's commitment to supporting innovators and expanding circular fiber offerings in the textile and non-woven value chain. He believes that partnerships like this will play an increasingly important role in advancing circularity in the global textile value chain.
SaXcell B.V. is a leading technology development company that transforms used textiles into raw material for making new and sustainable man-made cellulosic fibers. The production of these new fibers uses less water, land, and chemicals.

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Fashion 23-11-02

First BRICS + Fashion Summit to showcase handlooms from top Indian designers in Moscow

28 November 2023, Mumbai

Led by Sunil Sethi, Chairman, Fashion Design Council of India, the upcoming BRICS + Fashion Summit in Moscow is poised to highlight handloom collections curated by top Indian designers including Ritesh Kumar, Naushad Ali Gaurav Khanijo, and Shruti Sancheti.

Video Insights
Outlines

Scheduled for November 28 in Moscow, the event will welcome representatives from 60 countries at the Moscow Concert Hall Zaryadye and adjacent park. With top industry experts, designers, buyers, representatives from fashion educational institutions, and heads of international fashion associations, the summit promises a diverse and influential gathering.

Nuanced picture
Attendees from regions spanning Asia, Latin America, the Middle East, South-East Asia, Europe, Africa, and the Commonwealth of Independent States (CIS) will converge.

The summit is set to showcase renowned global brands, featuring names like Lucas Leao from Brazil, CHNNYU from China, David Tlale from South Africa, Alena Akhmadullina from Russia, Sadaels from Argentina, and Arzu Kaprol from Turkey.

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Fashion 23-11-28

Lenzing Group Secures Long-Term Wind Power Supply with WLK energy

11 November 2023, Mumbai

A Significant Step Towards Climate Protection and Energy Security
"Lenzing Group has signed a 15-year supply contract with Austrian electricity producer WLK energy for the purchase of around 13 megawatts of wind power."
Powering 10,000 Households
"This deal will commence in the first quarter of 2025, upon completion of the Engelhartstetten wind farm, a joint project involving several partners, including WLK energy."
Aligning with Lenzing's Commitment to Sustainability
"This wind power supply agreement aligns with Lenzing's commitment to sustainability and long-term energy stability."
Dedicated to Environmental Responsibility
"Lenzing's partnership with WLK energy demonstrates the company's dedication to environmental responsibility and its determination to secure a sustainable energy future."

Latest Textile Events

Fashion 23-11-11

Navyasa By Liva AW'23 Collection

Navyasa By Liva, a contemporary saree and women's wear brand, has unveiled its AW'23 collection, The Garden of Eden, at a recent fashion week.
The collection is a mesmerizing blend of ethereal prints and chic designs that weave a vibrant and colorful story.
The collection is inspired by the unparalleled beauty of nature
The collection is inspired by the unparalleled beauty of nature and showcases an exquisite range of outfits adorned with imagery of natural wonders. The colors and patterns on these garments are reminiscent of a kaleidoscope.
The collection has something for every occasion
The collection has something for every occasion, from work wear to festive wear to evening glam. The sarees have a wide range of options, including modern, textured, artistic, traditional, embellished, and patterned, made with premium fluid Liva fabrics.
Co-ord sets are also a raging trend in the collection, with select pieces that are designed to stand out in a crowd. The collection is sustainable and skin-friendly.
The entire collection is sustainable, of natural origin, and skin-friendly
It features a diverse range of fibers, weaves, and motifs that come together to create a harmonious range of sarees and apparels, suited for the festive season.
The collection boasts bold prints and wearable silhouettes that not only exude fashion-forwardness but also practicality.
The collection is a testament to Navyasa By Liva's commitment to sustainability
What sets this collection apart is its thoughtful craftsmanship using sustainable Liva fabrics, derived from nature, thus showcasing a commitment to preserving the environment.

Fashion 23-11-01

The Swedish Embassy hosts a Sustainable Fashion Show in Delhi

23 November 2023, Mumbai

The Embassy of Sweden hosted a fashion show in Delhi to celebrate 75 years of diplomatic relations between Sweden and India.

Focusing on sustainability and circular economy, the show showcased garments made from India’s eco-friendly and hand-spun khadi fabric, as well as Swedish sustainable textiles and smart materials. It also presented clothes made from forest slag products and recycled shirts. Clothes that dissolve in high-temperature water and communicate with the wearer through an integrated camera were also showcased.

Spotlight

Sunil Sethi, Chairman, Fashion Design Council of India (FDCI), curated the show with collections from the Centre of Excellence for Khadi and Swedish fashion brands including H&M, Lindex as well as the Swedish School of Textiles.

The Centre of Excellence for Khadi created a special collection named ‘Kajsa’ for the event which also featured a special collection by the Swedish School of Textiles that focused on bio-based materials and smart wearable textiles assisting blind and deaf people.

The event also featured the exhibition ‘Fashion. Forever,’ by the Swedish Institute, to present innovations from Sweden's leading fashion designers.

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Fashion 23-11-23

Sunglass Hut Opens 85th Store in India

07 November 2023, Mumbai

Sunglass Hut has opened its 85th store in India in the heart of Gurugram's premium food and retail destination, DLF Cyber Hub. This launch strengthens the brand's retail footprint and reiterates its prominence as a leading destination to shop the latest styles in fashion, performance, and functional eyewear.
Chic and Minimal Store Design with a Premium Range of Sunglasses
The new Sunglass Hut store is inspired by the luxury skin concept and features a chic and minimal design aesthetic. The store houses a premium range of sunglasses from leading international brands, including Ray-Ban, Oakley, Bvlgari, Tiffany & Co., Prada, Prada Linea Rossa, Dolce&Gabbana, Burberry, Versace, Emporio Armani, Michael Kors, Ralph, Cartier, and Gucci.
A Meaningful and Personalized Fashion Experience
With advanced technology, a broad array of the latest eyewear trends, and a distinctive store design, the new Sunglass Hut store at DLF Cyber Hub offers discerning shoppers a meaningful and personalized fashion experience. The store is also staffed with a team of well-trained staff to assist customers in finding the perfect pair of sunglasses.

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Fashion 23-11-07

New Book Explores Fashion Supply Chain Sustainability

21 October 2023, Mumbai

UKFT Education Partner academics have released a new book that provides a comprehensive and in-depth look at how sustainability can be integrated into the fashion supply chain. The book, titled “Fashion Supply Chain Management: Integrating Sustainability Through Fashion Supply Chain,” covers a wide range of topics, including new business models, emerging technologies, innovative materials, logistics, auditing, and risk management.
Sustainability is a critical issue for the fashion industry
The book also explores how cutting-edge technologies can support and enhance the various aspects of the fashion industry, including sustainability, fast fashion, sourcing raw materials, logistics and reverse logistics, cost analysis, lean and agile manufacturing, and other supply chain strategies.
Details

The authors of the book argue that sustainability is a critical issue for the fashion industry, and that businesses must take steps to reduce their environmental and social impact.
The book provides a roadmap for fashion businesses to integrate sustainability into their supply chains, and offers practical advice on how to implement sustainable practices.
"Fashion Supply Chain Management: Integrating Sustainability Through Fashion Supply Chain” is a valuable resource for anyone interested in learning more about the fashion supply chain and its sustainability challenges and opportunities.

Latest Textile Events

Fashion 23-10-21