09 August 2023, Mumbai

Women's ethnic wear and lifestyle brand, Biba, has expanded its retail reach by opening four exclusive outlets in Ballari, Vadodara, Mangalore, and Kannur. With these new stores, Biba aims to tap into diverse customer segments through physical retail spaces.

EOSS

Biba enthusiastically announced a flat 40% discount during their End of Season Sale via Facebook, sharing the locations. The new Vadodara store on Race Course Road bolsters the brand's presence in Gujarat.

Omnification

In Ballari, a first-floor outlet offers occasion wear and ethnic styles from the summer collection. Mangalore also welcomed Biba's store on MG Road.

Meanwhile, in Kannur, Biba showcases its women's and girls' ethnic lines alongside fusion collections, accessories, and kurtas. Beyond India, Biba operates brick-and-mortar and e-commerce stores, with international locations in Nepal and Malaysia.

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07 August 2023, Mumbai

The Fashion Design Council of India (FDCI) celebrated its third Couture Hall of Fame event, honoring seven prominent couturiers for their outstanding contributions to the Indian fashion industry.

The event, held after India Couture Week, saw designers like Rahul and Divya Mishra recognized for showcasing Indian couture at Paris Haute Couture Week.

Husband and wife duo Falguni and Shane Peacock were felicitated for their fashion contributions.

Gliterrati

The evening brought together the Indian fashion community in a splendid setting, acknowledging the unique and revolutionary creations of designers like Gaurav Gupta, AnjuModi, VarunBahl, Shantanu and Nikhil Mehra, and Amit Aggarwal.

Ambika Anand led the ceremony as the emcee.

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01 August 2023, Mumbai

Breakbounce's Fearless collection captures the vibrant essence of street culture, reflecting the brand's commitment to movement and authenticity.

'Taika' and 'Voice' ranges

The 'Taika' range features Breakbounce's tiger mascot, embodying born leaders and brave souls within a fierce tribe driven by creativity. Each clothing piece boasts a marquee element, making a bold statement.

The 'Voice' range, on the other hand, symbolizes the brand's voice resonating with the wearer. Offering a fusion of comfort and style, this selection complements individual personalities and encourages self-expression.

Brand's Ethos

To fortify the brand's position and engage its customer base, G.O.A.T Brand Labs invested in community-building efforts through strategic collaborations.

By partnering with influencers like choreographers Tejas Dhoke & Ishpreet Dang and breakdancer Bboy Wildchild, Breakbounce showcases its versatility and connects with the youth.

Credence

Breakbounce continues to be a preferred brand, delivering high-quality street fashion that empowers self-expression and positive change. With a commitment to authenticity and innovation, Breakbounce aims to leave an indelible mark on the fashion landscape.

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07 August 2023, Mumbai

Barcelona, the men's fashion brand, has inaugurated an exclusive outlet in Uttar Pradesh's Vivek Nagar district, adding to its growing brick-and-mortar presence.

The store, situated at Meher Kothi, features the latest summer collection, including trousers, casual graphic tees, and printed shirts. Sonu Sood, the brand's new celebrity ambassador, was unveiled during the opening.

IPO

Having expanded rapidly in recent months, the brand is also preparing for an upcoming initial public offering after securing a Rs 5 crore investment from GetVantage in April.

Jaimin Gupta founded Barcelona in 2015, offering a range of Western wear for men.

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31 July 2023, Mumbai

Apparel Group has made a significant move by launching the renowned Canadian lingerie and sleepwear brand, la Vie en Rose, in India. The brand's first store has officially opened its doors at the DLF Mall of India in Noida, with an expansive space covering 1,000 sq. ft.

Array of range

The store offers a diverse range of products, catering to the categories of lingerie, sleepwear, and swimwear. François Roberge, President and CEO of la Vie en Rose, expressed the company's enthusiasm for entering the Indian market, acknowledging the country's compelling economic growth and immense potential for the brand's success.

Vision

Apparel Group (India), emphasized the brand's vision to fill the existing gap in the lingerie and sleepwear industry in the country. In the coming months, Apparel Group plans to expand the brand's presence by opening two more stores at Mall of Millenium (Pune) in September and Mall of Asia (Bengaluru) in October.

These stores are estimated to have an average size of 1,200 sq ft. Targeting women in the upper middle segment, aged between 20 to 40 years, la Vie en Rose will adopt an omnichannel strategy in India. In addition to physical stores, the brand will also be available for purchase through its own website and other popular marketplaces like Myntra and Nykaa Fashion.

Marquee brands portfolio

Apparel Group boasts an impressive portfolio of international brands, operating across the USA, Canada, and Asia. In India, they manage several well-known names, including Charles & Keith, Victoria's Secret, Victoria's Secret Pink, Bath & Body Works, Aldo, Aldo Accessories, R&B, Inglot, Call It Spring, Tim Hortons, and Beverly Hills Polo.

With its omnichannel approach and strategic brand selection, Apparel Group continues to provide a diverse and appealing shopping experience to customers.

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07 August 2023, Mumbai

The company's performance seems to have been impacted by a net loss of Rs 161.62 crore, which is a notable contrast from the profit of Rs 94.44 crore in the same period of the previous financial year. Revenue up

The revenue, on the other hand, exhibited growth, rising by 11% to Rs 3,196.06 crore. However, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) faced a decline of 37.6% down to Rs 292.3 crore.

The company attributed this loss to higher costs and subdued demand, which suggests that increased expenses and potentially weaker customer demand played a significant role in their financial performance during this period.

Festive spirit

It's noteworthy that the company expects a rebound in discretionary spending with the beginning of the festive season. This optimism could be based on historical trends where consumers tend to spend more during festive seasons.

In terms of expansion, the company's branded business network managed to add 28 stores on a net basis during Q1. Additionally, its ethnic businesses extended the network by 12 stores. This indicates a continued effort to expand their physical store presence despite the challenging financial performance.

Rising online sales

Furthermore, the company's e-commerce sales demonstrated growth, increasing by 12% year over year (YoY).

This suggests that their online sales channel has been performing relatively well compared to their overall financial performance.

It's important to note that financial results can be influenced by a variety of factors, including economic conditions, consumer behavior, industry trends, and management decisions.

The company's ability to navigate these factors and execute its strategies will likely determine its future financial performance.

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