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24 January 2022, Mumbai:
Raw Mango’s new collection has been criticized by Eelam Tamils for resembling the uniform worn by the Liberation Tigers of Tamil Eelam (LTTE). As per The News Minute, Eelam Tamils have criticized Raw Mango’s new Winter/Fall 2021 collection for featuring tiger-striped, militaristic outfits.
Called ‘Sher Bagh’, the collection includes outfits resembling LTTE uniforms. LTTE is the armed guerrilla organisation that fought against the Sinhala-led government’s defence forces during the Sri Lankan Civil War.
Researcher Sinthujan Varatharajan, known popularly by their Instagram handle @varathas, called the collection a commodifying of the resistance aesthetics of living people Others accused the collection of being a rip off of Eala Thamizh women’s guerrilla uniforms.
Raw Mango described the collection as collaboration between Raw Mango and Anjali Singh of Sujan.
However, critics believe, the resemblance to LTTE uniforms is no coincidence. The headgear is similar to the cap worn by Sinthujan notes. Additionally, the uniforms are oversized hinting at the original’s mass-produced quality.
The brand has been criticized for deleting critical comments on its Instagram posts. The collection’s appropriation with military uniforms rankles, says Sithujan.
It banalizes their sufferings and makes it routine, he adds.
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17 January 2022, Mumbai:
Reliance Retail Ventures Ltd (RIL) is set to invest over $132 million in robotics startup Addverb Technologies, says Sangeet Kumar, Co-founder and CEO.
Founded in 2016, Addverb Technologies considers Amazon, Flipkart, ITC and Coca Cola as its clients. It last raised $10 million in 2018 from JalajAshwinDani of Asian Paints.
KEY HIGHLIGHTS
- The RIL arm dials into in a robotics startup Addverb Technologies
- Reliance Retail has bought a majority stake for $132 million
- Addverb will continue to operate independently
Addverb leverages artificial intelligence, machine learning, automated storage and retrieval system (ASRS), shuttles, IoT along with their in-house software solutions to improve performance and accuracy of warehouse and factory operations. The company offers robots under concepts such as pick to light, pick by voice, pallet shuttle and yard management.
While the company has offices in Australia, Singapore and Netherlands, it is planning to expand its leadership team in US and Europe as well.
The robotics startup aims to clock $1 billion revenue-run rate in the next 5 years, of which 40 per centwill come from the international markets, adds Kumar
A Fortune Business Insights report estimates the global logistics robots market to touch $17.82 billion by 2028. In the Asia-Pacific region, the demand will be driven by the advancements in auto manufacturing, coupled with the escalating growth of the e-commerce industry in India and China.
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17 January 2022, Mumbai:
Footwear retailer Metro Brands has signed a strategic partnership with wellbeing footwear brand FitFlop for sale and distribution in India. Selling FitFlop in India for the last four years, Metro Brands has secured the rights for sale of this footwear in Indian market across formats including exclusive brand stores, multi-brand stores, airport stores, distribution, online marketplaces and webstore in India.
Launched in India in 2007 well-being footwear brand FitFlop is currently being marketed and sold in over 60 countries globally. The brand's footwear is biomechanically engineered to complement the consumers’ body structure, joint alignment and natural movement. FitFlop’s are made using world class design, a splash of fashion, and an innovating mix of beauty, brains and biomechanics. Its association with Metro Brands will help reach out and serve Indian homes.
Present across 136 cities and 30 states in India, Metro Brands plans to leverage its strong network and distribution and online capabilities to drive the FitFlop business in the country.
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22 January 2022, Mumbai:
Denim Darzi has launched a new upcycled, sustainable and fashionable range of collection. As per a Fashion Network report, the range includes outfits for men, women and kids. Started around the pandemic in 2020 by entrepreneur Rupali Mukherjee, the brand was born out of sheer love for denims and with an aim to repurpose old denim wear and industry-waste denim meaningfully.
Denim Darzi’s wide collection includes Indian, western and Indo-western styles in various silhouettes from a sari to a dhoti. The brand upcycles post-consumer discarded denims and textile industry-waste denim. It infuses the collected denim with fabric waste from shops and the textile industry to design our collections. Its outfits are a concoction of waste denim and other fabrics like satin, cotton, linen, jamdani, adds Mukherjee.
The brand has tied up with a tailoring unit. It does hand sketches and sends them. The idea was to work sustainably and not have a big production unit. The brand operates only through online platforms.
17 January 2022, Mumbai:
The Confederation of All India Traders (CAIT) has requested Union Finance Minister Nirmala Sitharaman to waive mandatory GST registration for selling products through e-commerce platforms.
Under the GST Act, a seller who wishes to sell products in e-commerce is invariably required to obtain a GST number. Any seller who does not have a GST number is not allowed to sell products on any e-commerce portal. This provision of the Act is barring lakhs of traders across the country from using e-commerce to sell their products, adds BCBhartia, National President and Praveen Khandelwal, Secretary General, CAIT.
The Centre is talking about empowerment of small retailers in the country but since these small retailers are having their annual turnover less than Rs 40 lakh - the threshold for GST registration, they should be exempt from GST registration for digital commerce too.
Instead of GST registration, Aadhar number, bank details or similar other measures may be designated as essential qualification for onboarding on e-commerce portals, the CAIT said, adding that a large number of artisans, craftsmen, cottage and household industries are facing challenges.
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17 January 2022, Mumbai:
Indian clothing and accessories brand Kazo will participate in the ongoing Milan Fashion Week 2022. As per Fashion Network, the brand has been granted the sustainable fashion eco label status by the World Sustainability Organization (WSO) At Milan Fashion Week, Kazo’s clothing and accessories will be showcased by models from the WSO Models Agency along with other WSO certified brands. Kazo will display products with the Friends of the Earth Sustainable Fashion eco-label. The brand retails a wide range of eco-friendly ready-to-wear garments, handbags and accessories from its e-commerce. Its garments comply with strict sustainability requirements including the protection of wild fauna and flora as well as sustainable water, energy, and waste management and socially responsible practices.
An international organization engaged in promoting sustainability by certifying eco-friendly brands, the WSO has launched a certification program to enable consumers to identify verified sustainable products to shop sustainably.
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22 January 2022, Mumbai:
The consolidated net profit of Shoppers Stop reached Rs 77.32 crore in the third quarter ended December 2021. The company had posted a net loss of Rs 25.11 crore in the October-December quarter a year ago.
Its revenue from operations increased by 33.82 per cent to Rs 958.11 crore during the period under review as against Rs 715.97 crore in the corresponding quarter of the previous fiscal. Total expenses increased by 16.23 per cent to Rs 905.14 crore in Q3/FY 2021-22, as against Rs 778.78 crore.
Venu Nair, Managing Director and CEO, says, as the fashion and beauty retail is seeing encouraging early trends from the Wardrobe Reboot, we are rightly poised to capture the pent-up demand.
The company has seen a sustained demand during the festive period and the marriage season in October and November. It has witnessed a high customer spend and a higher Average Transaction Value (ATV), adds Nair.
The company is encouraged by the strong rebound and expects an accelerated growth trajectory now, driven by a robust recovery from the lockdown blues, accelerated small size store expansion, growth in the private-label mix, and an increased focus on high growth beauty business.
Shoppers Stop operates 83 department stores in 45 cities. It also operates 11 premium home concept stores, 129 Specialty Beauty stores of M.A.C, Estee Lauder, Bobbi Brown.
17 January 2022, Mumbai:
Amazon.com Inc. is planning to counter Future Group’s contention that it is bound to choose Reliance Industriesas an acquirer instead of Amazon as an investor because of restrictions on foreign investments in India.
The American e-commerce giant plans to show that the Rs 24,713 crore RIL-Future deal also entails foreign money flow into Future Retail as overseas investors hold a substantial stake in RIL and its unit Reliance Retail Ventures Ltd, two people familiar with Amazon’s plan said, requesting anonymity.
Future Group’s counsel has been arguing that it was compelled to choose RIL because Amazon could not bail out Future given the foreign investment curbs on multi-brand retail.
Amazon plans to tell the court that even under the existing laws, money can be routed to help struggling Future Retail Ltd (FRL), somewhat similar to how RIL has structured its Rs24,713 crore purchase of retail and other assets of Future Group.
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13 January 2022, Mumbai:
Ethnic wear and lifestyle brand Fabindia has a new clothing line named ‘Indigio Diaries by Fabindia’
As per a Fashion Network report, the new line celebrates and promotes India’s Indigo dyeing crafts. It offers customers garments that contribute to keeping the traditional and sustainable indigo dyeing process alive. The brand’s initiative is named ‘Kala KapdaKarigar’ which translates as ‘Craft, Fabric Artisan’ and its first launch is a collection named Indigo Diaries by FabIndia.
The line of loose separates for men and women celebrates the, “indigenous art of Indigo Dyeing with ancient techniques that have been passed down over the generations,” FabIndia announced on Facebook. Notable pieces in the collection include striped trousers and floral print kaftans for women and smart-casual shirts paired with scarves for men. The line also features homeware including cushion covers, throws, and curtains.
The line retails from FabIndia’s e-commerce store, where it has a dedicated section, as well as in its exclusive brand outlet stores. The brand also published a fashion film to accompany the launch which shows the traditional indigo dyeing process alongside models wearing the finished garments.
FabIndia has been expanding its product categories recently and also stepped into skincare with new launch FabEssentials. The natural personal care line for skin, body, and hair has now launched across FabIndia’s pan-India brick-and-mortar store network as well as on its dedicated e-commerce store.
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19 January 2022, Mumbai:
Founded six years ago, G.O.A.T Brand Labs aims to hit the Rs 500-crore revenue target by 2025. The brand plans to build on its current product categories before expanding into others like, jewelry, beauty and personal care. It recently acquired a 90 percent stake in The Label Life, a widely renowned, women's fashion and lifestyle brand styled by Sussanne Khan, Malaika Arora, and Bipasha Basu, informs Rishi Vasudev, Co-Founder.
Founded by Preeta Sukhtankar, along with Yashika Punjabee and Sonam Shah, The Label Life caters to the lifestyle savvy 25 years+ working women for all her fashion and lifestyle needs. It is popular in India and the middle-east markets and is available through its own website, leading portals such as Myntra, Nykaa, Namshi (UAE), and a standalone store in Kolkata.
Founded in 2021 by Rishi Vasudev, ex-CEO of Lifestyle & Home Centre, and SVP at Flipkart & Myntra Fashion, and Rameswar Misra, Former Co-founder, Turms, G.O.A.T Brand Labs is backed by marquee investors like Tiger Global, Flipkart Ventures, Mayfield and Nordstar.
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17 January 2022, Mumbai:
Luxury bridal brand Pronovias has launched a new alteration service called ‘Second Life’ initiative to give bridal dresses a new look.
As per a Textile Value Chain report, with this initiative, Pronovias looks to help the wedding industry switch to more sustainable methods. The initiative will encourage more wear and longevity of bridal styles and allow brides to transform their bridal gowns into the fashion world a new style after their wedding.
The Pronovias ‘Second Life’ initiative launches with a “carefully selected” collection designed by Pronovias Group chief artistic officer Alessandra Rinaudo featuring 70 bridal gowns from the Pronovias and Nicole Milano brands. These gowns can be redesigned free of charge into a new style, to allow brides to “fall in love again with their dress after the wedding is over”.
Brides will be able to transform their gowns into special occasion dresses by altering the length, eliminating sleeves, and adding belts, straps, sashes, and other details to create a new look, with all alterations free of charge.
While initially, the initiative has around 70 gowns in the collection, Pronovias adds that the number of dresses that will be able to be given a ‘Second Life’ will increase with each new bridal collection launched by the brand. The service will be available in all Pronovias flagship stores, including in the UK, US, Spain, France, and Poland.
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Aditya Birla Fashion and Retail (ABFRL) collaborates with GIZ GMBH for sustainable fashion solutions
13 January 2022, Mumbai:
To bolster sustainable practices in the apparel and textile industry Aditya Birla Fashion and Retail (ABFRL) t has collaborated with Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH.
Implemented on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the joint project aims to introduce material innovation, reduce inputs of harmful substances, increase textile-to-textile recycling, develop alternatives to plastic packaging, and foster traceability.
It will complement existing business practices such as downcycling, recycling, reusing and introducing new sustainable production processes. With the support of GIZ,
The project will enable ABFRL and other Indian industry players to leverage circular business practices and adopt complex processes that are technically superior and consumer-friendly," ABFRL said in an announcement.
Under this funding program, ABFRL and GIZ aim to pool their capacities for three years to find and implement circular business approaches to strengthen a sustainable Indian textile and apparel industry together with other partners in the sector, said Dieter Frick, Project Manager, GIZ Germany.
ABFRL operates the Louis Philippe, Van Heusen, Allen Solly and Peter England brands in India. It has a network of 3,212 stores across approximately 31,000 multi-brand outlets with over 6,800 points of sales in department stores across India. It also operates the Pantaloons retail chain.
The company holds exclusive online and offline rights to the India network of fast fashion brand Forever 21; apart from several such associations with international brands.
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