06 December 2022, Mumbai

Blenders Pride Fashion Tour in Hyderabad kicked off with a runway show by S&N by Shantanu Nikhil followed by one by Amit Aggarwal.

The event also featured an interactive T-shirt exhibition. S&N by Shantanu Nikhil presented a preppy, sportswear-inspired collection on the runway to kick off the fashion week on November 30. With tennis-style separates mixed with drapes and more streetwear-style garments, the collection was youthful and wearable.

Amit Aggarwal was next on the bill and showcased a classic occasion wear collection with architect NuruKarim on December 1. With voluminous evening dresses and lashings of sparkle, the collection explored the theme of pride in a sustainable fashion.

Bollywood celebrity Janhvi Kapoor turned showstopper for the designer and walked the runway in a tangerine lehenga featuring subtle glitter and youthful details. There was an exhibit of T-shirt outfits designed by over 60 designers and homegrown fashion labels, who have embellished or even deconstructed the basic T-shirt into a design celebrating their authentic interpretation of pride.

The style gallery exhibit was constructed with undertones of sustainability, using recycled materials, which puts into action the fashion tour’s pursuit of becoming more sustainable and eco-friendly. A booth enabled visitors to interact with the fashion tour’s metaverse avatar.

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 01 December 2022, Mumbai

Cantabil opened five new showrooms in India during November 2022. The company now has a total of 429 shops.

This is a brand which is into apparel and accessories for men, women and children in the middle to high income segment through a pan-India network of exclusive brand outlets under the brand names Cantabil, Kaneston, Crozo and Lil Potatoes.

The company's net profit rose 19 per cent on a 29 per cent increase in net sales in the second quarter this year compared to the second quarter of the previous year. Cantabil’s total income was Rs 116.7872 crores during the period ended September 30, 2022, as compared to Rs 101.6634 crores during the period ended June 30, 2022. Net profit / loss was Rs 9.2783 crores for the period ended September 30, 2022, as against net profit / loss of Rs 14.1242 crores for the period ended June 30, 2022. EPS was Rs 5.68 for the period ended September 30, 2022, as compared to Rs 8.65 for the period ended June 30, 2022.

Total income was Rs 116.7872 crores during the period ended September 30, 2022, as compared to Rs 93.5991 crores during the period ended September 30, 2021.

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 29 November 2022, Mumbai

Gargee Designer is presenting a range of unique and versatile traditional pieces with a touch of modernity.

The collection called Ekaa features flowy and fusion garments crafted in the finest material and threadwork to capture the heart of a man who wants to make a statement. The collection includes sherwani, Bundi sets, bandhgala, kurta sets, Indo western, and tuxedos with unique enchanting thread work, embroideries, and mirror work.

Ekaa aims at spreading the ideology of experiencing a culture with comfort in style. Gargee Designer is a contemporary menswear brand from India, providing people with affordable luxury since 1980.

Over the last four decades, it has been honing its skills in the art of sartorial elegance. The heart of the brand lies in formal and modern designer wear like canvas suits and shirts, artisanal sherwanis, kurtas, and tuxedos. It has an eye for minute details in fine tailoring, classic cuts, and fabrics.

The brand takes pride in each of its handcrafted Indian products. Gargee is a leader in dressing Indian masculinity with the blended flavors of the conventional and the contemporary for every special occasion. The newly launched collection is synonymous with the brand’s continuous strides in high-quality, innovative, futuristic Indian-wear designs.

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 03 December 2022, Mumbai

Shoppers Stop’s new store at Bangalore is spread across an area of 55,696 sq ft. The store houses over 500 international, national, and exclusive brands spread across multiple categories.

This is the retailer’s seventh store in Bangalore and in all Shoppers Stop has a presence across 98 department stores in 49 cities. With each new store opening, Shoppers Stop strives to elevate the brand experience for consumers and has been on an expansion spree post the Covid pandemic and plans to open 12 to 15 stores every year.

For the second quarter Shoppers Stop had 40 per cent more customers than it did pre-Covid. The department store saw strong sales driven by footfalls as well as eyeballs online. Categories which have seen a good surge are Indian wear, home, men’s wear, especially suits and jackets. Gifting as a category with things like watches also saw good growth. So there was a multi-category growth across Shoppers Stop stores. Shoppers Stop’s income increased 43 per cent for the second quarter. The momentum from last year and the first quarter of this year continued for the department store chain. Customer sentiments were reflected in footfalls, average selling price and average transaction value.

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 01 December 2022, Mumbai

Stelatoes has opened a store in Mumbai. This is the footwear and accessories brand’s first store in Mumbai and the store houses a large selection of women’s, men’s, and children’s footwear from various brands. Stelatoes focuses on quality and affordability.

Based in New Delhi, Stelatoes, founded in 2004, currently has over 19 stores in cities such as Ludhiana, Chandigarh, Amritsar, Kanpur, Lucknow, Noida, and Mumbai. It also sells through its e-commerce website with pan-India delivery.

The Indian footwear market is growing at seven per cent a year. One of the fastest-growing segments in the shoe market is women’s footwear. Sandals generally feature on top of the list, while other categories such as high heels, ballet flats, slippers, sneakers, etc. are also expanding fast.The shoe demand in India is backed by strong foundational elements such as the rise in per capita income and the growth in the middle class. These days Indian households enjoy a much higher disposable income for shoes, apparels, and other fashion goods. People do not just buy one or two pairs of footwear but a complete wardrobe with various shoes for different occasions. The monumental shift is not just limited to larger cities but also in smaller cities and townships.

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26 November 2022, Mumbai:

Rapidbox has gone in for a round of fund raising. The brand will use the funds for diversification of its product portfolio, customer acquisition, and brand building.

This is a Bangalore-based direct-to-consumer sports and casual footwear brand founded in 2019. It caters to the footwear and fashion needs of consumers who are aspirational and early achievers. Rapidbox was launched to close the market gap in the footwear industry with a focus on uplifting product quality and consumer experience and looks forward to excelling with product and price innovation.

Rapidbox retails its sports and casual footwear through its website as well as e-commerce platforms like Flipkart, Myntra, among others. The brand controls the manufacture of goods with an in-house line, which allows it to run quality checks and have an end-to-end view of the supply chain.With the advent of social media, consumers of all segments are exposed to the latest footwear trends and have the same aspiration for these products. Rapidbox fulfills these aspirations through rapid innovation.

D2C brands raised $543 million in funding across stages during fiscal year 2022, which is higher than the cumulative funding raised by them in the previous years. Despite the current funding environment, some retail D2C brands have raised funds this year.

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 03 December 2022, Mumbai

The 10th Intex India, the premier international textiles sourcing show of South Asia, will be held in Hall 3GF, Pragati Maidan New Delhi from December 8 to 10, 2022. This year, alongside the exhibition, Intex India will hosted RBSM which is jointly organised by FICCI Federation of Indian Chambers of Commerce & Industry under the aegis of Ministry of Commerce & Industry, Government of India.

Since 2015, Intex India has connected 35,000+ buyers from 15+ countries to 1350+ textile suppliers and has empowered industry players to explore new business opportunities and expand business globally making Intex India the annual calendar event for South Asia’s textile & apparel industry.

The Indian economy is a bright spot in the world with a GDP estimated to grow 6.5% in 2022-23 as per the World Bank and to grow 6-7% in 2023-24. This bodes well for a country where 60% of GDP is fuelled by private consumption. The booming Indian textile & apparel industry is fuelled by India’s 800+ million youth aged between 13 to 35 years who are driving industry growth making India the 6th-largest fashion marketplace in the world. Demand is expected to propel India’s $54 billion apparel & fashion retail industry to $118 billion by 2028 and fuel the domestic textile & apparel market to touch $220 billion by FY26 from $106 billion in FY20.

To keep accelerating the positive growth in the textiles and apparel industry in India for domestic and export markets, Intex India will showcase 100+ Indian and international textile suppliers of Fibres, Yarns, Apparel Fabrics, Denim Fabrics, Clothing Accessories, Dyes & Chemicals, Software & ERP Solutions, Colour & Textile Trends Studio and other allied and support services for the textile and apparel industryfrom Belarus, Egypt, Uzbekistan, Italy, USA, South Korea, China, Thailand, Vietnam, Sri Lanka, Bangladesh & others. The show fulfils the growing demand for innovative, fashion and sustainable textiles inIndia.

Mayank Tiwari, Founder & CEO of ReshaMandi, the official online sourcing partner of Intex India 2022 said, “Intex India is South Asia region's leading and most successful international textiles sourcing show. ReshaMandi, as India's first digital platform for the natural fibre supply chain from farm to retail, is proud to be the online sourcing partner for this expo. We invite you to come and explore ReshaMandi's sustainable offerings in yarns, fabrics, apparel, home and living and lifestyle accessories and look forward to seeing you at the 10th Intex India in Delhi from 8th to 10th December, 2022."

Arti Bhagat, Executive Director of Worldex India and organiser of Intex India said, “It has been a wonderful journey so far. Since 2015, we have organised 9 successful shows across the most relevant South Asian textile markets of Sri Lanka, Bangladesh and now looking forward to the 10th edition in New Delhi, India. As an organiser, we are determined to bring a fresh wave of opportunities for manufacturers and buyers from domestic as well as international markets to connect with each other on this platform.”

This year, Intex India would also be organising the renowned Interactive Business Forum (IBF) Seminar Series and ‘Trendz Now’ – the colour, fabric and fashion forecast showcase by Italtex Italy and Pantone / X-Rite Asia Pacific Limited alongside Intex India, thus creating a premium B2B and world-class international textile sourcing platform. Also, there are buyers’ delegations attending from major cities across India as well as overseas buyers from 18+ countries and regions will be attending the show for their textile sourcing requirements and exploring new business opportunities in India through our international trade platform.

Intex India is supported and endorsed by leading domestic and international trade bodies and business chambers across the world. We truly believe Intex India is your gateway to the dynamic markets of India and South Asia, making it one of the must-attend trade show for the textiles and apparel industry.

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 01 December 2022, Mumbai

Boohoo’s brands Dorothy Perkins and Nasty Gal are on Myntra. UK-based fashion house Boohoo has had a partnership with Myntra, the online fashion arm of Flipkart. The partnership will see Boohoo and Nasty Gal cater to fashion-forward Indian consumers. India.

Boohoo sees the Indian market as representing a fantastic opportunity and Myntra’s digital first approach making this a great strategic partnership. The brands will be housed under a dedicated Online Brand Store on Myntra.

Boohoo supplies fashion to more than 100 countries, including major markets like the US, UK, France, and Australia. Nasty Gal’s collection sells in over 60 countries since 2006, while Dorothy Perkins continues to be a legacy brand globally. Boohoo, Dorothy Perkins and Nasty Gal have distinct personalities and cater to varied cohorts of consumers. While Boohoo emphasizes on being fashion ready for every occasion and is catered towards millennials, Nasty Gal showcases fresh, edgy and bold styles that are apt for fashion-conscious Gen Z consumers, whereas Dorothy Perkins’ collection is targeted towards the evolved fashionistas, who enjoy chic, timeless, and contemporary pieces in their wardrobe.

As the world’s second most-populated country, India is an attractive market for aspirational apparel brands as rising disposable incomes cause the consuming base of the pyramid to broaden further.

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26 November 2022, Mumbai:

Mehar has a premium line of formal and casual wear shoes for men and a variety of footwear for women. The launch marks Mehar’s entry into the footwear category as the brand seeks to expand its portfolio beyond apparel.

With the launch of the new product category, Mehar has become one of the most diverse apparel and footwear brands. Based in Canada, Mehar has a manufacturing and sourcing unit in India.The shoes have been meticulously designed keeping in mind customers’ need for trendy, lightweight, and comfortable footwear.

Combining high performance with trendy designs, the leather shoes are available in different styles and colors with easy-to-wear slip-on and lace-up designs. The formal men’s shoes boast of lightweight construction and perfect cushioning support that ensure great comfort at all times. The brand intends to elevate customers’ experience by offering the finest assortment of shoes that are not just comfortable but stylish and versatile as well.

The brand’s mission lies primarily in offering premium quality products at affordable prices.Venturing into the footwear segment could prove to be a significant level of growth for the company. The premium range of men’s shoes and women’s footwear are available on the brand’s website along with online marketplaces such as Amazon, Flipkart, and Limeroad.

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 01 December 2022, Mumbai

Designer duo Shantnu and Nikhil have launched a line fusing cricket and fashion.

Shantnu Nikhil Cricket Club (SNCC) is an aspirational lifestyle, where cricket is not just looked at as a part of conversations but also celebrated as a lifestyle.The collection introduces the batsman logo that symbolizes the spirit of achievement, the will to strive forward and a sense of unity.The contemporary lineup preserves the game’s nostalgic and yet stylistic silhouettes on season-friendly fabrics like flat knit and premium silks. Crisp athletic-chic-inspired details that bring together style with function are a key highlight. From essential sartorial pieces like the genteel retro-doused varsity jackets, suave crested sweatshirts, and sweater vests to classic and yet elevated cropped polos to classic pick-me-up accessories – neckerchiefs, sneakers, bucket hats, belts, SNCC infiltrates the modern-day wardrobe with a vision of easygoing everyday dressing. The designers have brought back an old trend that champions sports-inspired fashion, not simply athleisure, but going beyond the realm of gym wear. Ace designers are venturing into sportswear clothing. In a country crazy about sports, manufacturing sports goods and athletic wear is a lucrative business. This has given rise to the need for luxury homegrown designers to foray into the world of sports.

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30 November 2022, Mumbai

The market for winter wear apparel is expected to rise at an impressive rate of six percent as a result of rising brand awareness.

However, winter wear manufacturers in Ludhiana have been stumped by this year’s warm start to the season. The industry is staring at losses due to lackluster demand, especially from retailers spread across the country. Moreover, 20 percent of last year’s inventory is still with the industry.

October is a generally hectic time for the city’s winter wear manufacturers when a significant percentage of retailers lift their orders from the manufacturers or wholesalers. However this year the industry is staring at losses due to a significant drop in the off-take of winter wear orders.

Economic uncertainty and high inflation are considered to be the main reasons keeping customers away from anything which is priced a little higher.

Over the last few years, people have built their capacity, but utilization is not optimum because of the slowdown in demand. Brands catering to the middle class have been hit. Online is making a killing with portals offering huge discounts to customers.

Ludhiana in Punjab accounts for over 90 percent of the total winter wear production in the country. There are around 12,000 units, a majority of them in the micro, small and medium category, which are engaged in the production of winter wear in Ludhiana.

Winter wear comprises basic sweaters, hoodies, sweatshirts, jackets, shawls, cardigans, and trousers.

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26 November 2022, Mumbai:

Aditya Birla Fashion and Retail is set to acquire apparel and accessories brand Bewakoof. Bewakoof, founded in 2012, one of the first D2C brands in the country and operates in the western-style clothing segment.

AdityaBirla Fashion and Retail sells clothes and accessories from Louis Philippe, Van Heusen, Allen Solly and Peter England, among others. The acquisition is part of Aditya Birla’s strategy to build a portfolio of new-age, digital brands across categories in fashion, beauty and lifestyle segments.

Aditya Birla plans to enable multiple founders to operate within a synergistic platform that will have shared capabilities and make eight to ten investments in early-stage digital first brands by the end of this financial year with the initial focus being on broad categories of fashion.

Traditional companies have the wherewithal to acquire new D2C brands to compensate for their late entry in the online space, a channel that now accounts for 30 per cent to 50 per cent for several brands. Although there has been a drop in late-stage funding, Indian startups are seeing an uprise in large corporates looking at acquiring established brands with great products and strong customer loyalty. This is not just strategic but also a natural growth path for these companies.

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