07 June 2022, Mumbai:

A renowned name in the Indian fashion industry, Oxemberg has launched a new exquisite collection of casual shirts in Ranchi. As per a Textile Value Chain report, the range has been designed with a festive look and in a wide range of styles.

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The collection was launched with a special trade show from June 3 to June 5, 2022.

EP Daniell, Senior Vice President, Siyaram Silk Mills says, the collection caters to consumers who believe in style, elegance, and comfort.

Oxemberg believes clothing is an expression of an individual’s personality. For years, the brand has been known for its expression of an individual’s personality with products crafted for comfort and value.

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The launch of this new range is a reflection of this belief and the company aims to keep bringing in the latest trend from the fashion industry for its customers. All the products are crafted for comfort at genuine value. Upgrade your wardrobe with a wide range of the latest collection of men's apparel.

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02 June 2022, Mumbai:

Go Global Retail has acquired Brums Milano, a premium kidswear brandhaving over 150 corporate and franchise stores in Italy besides a strong online presence, offering apparel, footwear and accessories. Brums is also sold at La Binacente and via 300 independent wholesale locations across Italy.

Founded in 1951, Preca Brummel SpA is a well-known Italian childrenswear company. Based in Varese, Italy, the company designs, markets and distributes children's apparel and accessories under the Brums and MEK banners.

Brums is a classic Italian brand that has created lasting memories for generations of customers. Its focus is on elevated fabrics with clean designs and fine details in sizes from newborn to teen.

Brums Milano will continue to be based in Greater Milano. Go Global will invest in Brum's digital capabilities including artificial intelligence and predictive analytics. As a portfolio brand on the Janie and Jack platform, Brums Milano will initially focus on its core customers in Italy, with their modern take on children's fashion, and a commitment to sustainable product development and designs.

In this acquisition, Go Global will leverage back office synergies for technology, ecommerce, digital marketing, sourcing, and raw material collaboration for the two companies, creating a global premium childrenswear platform.

27 May 2022, Mumbai:

A sharp rebound in sales is expected to increase revenues of apparel retailers by 20 per cent rise in FY23.

ALSO READ: Terrain Fashions posted Q3 FY22 earnings

Retailers are benefiting from pent-up demand coupled with recurrent weddings, and the onset of the first full-fledged academic year post-pandemic, says Charath Narasimhan, Managing Director, Indian Terrain Fashions.

The push towards return-to-work is also driving sales leading to many retailers expanding their store network in smaller cities, adds Narasimhan.

RELEVANT NEWS:  Indian Terrain Fashions: Sales rebound adds decently to retailers’ revenues in FY’23

His company closed about 25 outlets during the pandemic but opened about 70 stores in different cities, taking the total number of stores to 210. The Chennai-based company plans to open 25-30 more stores in the next six months.

New generation of buyers prefer to buy clothes online, he adds. Indian Terrains has opened an online window to cater to this need, Narasimhan informs.

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06 June 2022, Mumbai:

Zodiac Clothing Company has 14 stores in the north Indian states of Punjab and Haryana.

As per a Fashion Network report, the stores house the company’s menswear brands. Zodiac sees huge potential in these states and banking on its affordable pricing coupled with its diverse range for growth.

With this expansion, the brand expects to make deeper inroads in the Indian menswear market and plans to invest to further widen its presence across the country.

Salman Noorani, Managing Director, Zodiac Clothing, says, with retail spaces opening post-pandemic we want to secure even more locations across the two states so that our consumers in the state can experience Zodiac Store and our brands in their own city.”

An omni-channel retailer, Zodiac Clothing Company has 100 company-managed stores and 1200 multi-brand retailers in India, with a strong presence in the UK, Germany, and the US

01 June 2022, Mumbai:

An initiative of Stitched Textiles, apparel brand Barcelona has announced plans to launch an IPO. The company has filed a resolution for the IPO (Initial Public Offering) with Registrar Of Companies, Ahmedabad, Gujarat. Jaimin Gupta, Managing Director, Stitched Textiles says, the IPO is a major step forward in Barcelona’s mission to democratize the garment retail industry.

RELEVANT NEWS Barcelona, Menswear brand introduces 'B2B App to streamline distribution

The company is proceeding with IPO formalities with an aim to file DRHP in the month of June’2022.

India’s fastest growing apparel brand, Barcelona is a premium lifestyle player in the retail sector for men’s wear. Incepted in 2015, with over 10 stores initially, the brand has expanded to Tier II, III cities through franchises.

ALSO READ  Barcelona targets second tier

As of now, Barcelona has over 90 stores and is a popular men’s wear garments at PAN India level. Barcelona’s retail presence spans over 50 cities and towns in India. The brand is also present in more than 6000 multi brand outlets across India.

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27 May 2022, Mumbai:

Footwear retail chain Metro Brands’ (MBL) profit after tax was Rs 68 crore in the quarter ended March.

Total revenue from operations for the company stood at Rs 396 crore in the quarter. Nissan Joseph, CEO says, profitability was better than that achieved in the third quarter.

ALSO READ Metro Brands launches new athlesiure range

It achieved a 24.5 percent rise in revenues, a 45.4 percent rise in EBITDA, and a 50.7 percent rise in profit after tax during the revenues.

The retailer maintained the same margin during the quarter as it did in the third.

RELEVANT NEWS Metro Brands signs strategic partnership deal with footwear brand 'FlipFlop'

Though it increased the prices of a few products, Metro did not witness any demand erosion and was able to match consumer needs, Joseph says.

ALSO READ Indian Terrain Fashions to open multiple new outlets

The company opened 75 new stores and relocated 12 stores last year. It aims to maintain current growth levels in the future, notes Joseph.

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04 June 2022, Mumbai:

India’s kidswear exports grew by 23.20 per cent in FY 2021-2022, as per data by the Ministry of Commerce and Industry. The South Asian country earned $16.04 billion in FY ’22.

One of the fastest-growing sections in India, the kidswear segment is seeing the rise of many prominent Indian brands in the market and the diversification of product ranges by prevailing ones by introducing sustainable categories, gender-neutral attire, and many more.

According to experts, outbreaks of COVID are declining in Europe and US. As a result, this year, exports of kidswear ‘Made in India’ are growing, diversifying, and rapidly becoming one of the key drivers of the industry.

The US has emerged was the largest export market for kidswear with $437.97 million export. The market accounted for around 35 per cent share of India’s kidswear export values. The UK was the second-highest export market with $188.42 million. Witnessing a 15.05 per cent increase. Among the European countries – kidswear exports to Germany surged to $51.6 million and France to $50.46 million.

31 May 2022, Mumbai:

Sportswear brand Puma India has included Maldives into its syndicate that currently includes 19 other countries like Singapore, Indonesia, Malaysia, Thailand, Vietnam and Philippines.

The brand opened its first store in the Republic of Maldives, whose tourism has grown by triple digits in the last two years.

RELEVANT NEWS Puma launches new yoga collection featuring Kareena Kapoor Khan

Puma forayed into the Maldives market in partnership with sports and lifestyle marketplace Sonnee Sports.

The partnership will allow the brand to expand its offline retail presence and also explore ecommerce, sports clubs and other distribution channels in this new market.

ALSO READ Puma India: Looks to enter Maldives .

Located Male’s iconic shopping street Majeedhee Magu, the store is a one-stop destination for tourists and fashion enthusiasts besides the growing local football and futsal community.

Revenues of Puma India, grew to Rs 2.044 crore in fiscal year ending December 2021 The brand added 51 new stores in 2021 pushing up the exclusive store count to 450 in current fiscal.

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26 May 2022, Mumbai:

Direct to consumer (D2C) brand selling men’s innerwear, Almo has raised $2 million towards the pre-Series A funding round led by Infection Point Ventures.

The company will use the funds to bolster its branding and marketing efforts along with setting up its R&D lab.

ALSO READ Shoppers Stop plans new D2C acquisitions

Investors such as LetsVenture, AngelList India, and other angels also participated in the round.

Founded in June 2020 by Abhishek Shah, Muskaan Jain, and ChhaviBhardwaj, Almo sells an essential wear range spanning underwear, topwear, loungewear, and winter wear.

RELEVANT NEWS Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands

The brand aims to cross Rs 100 crore in revenue by the end of the current calendar year.

Almo plans to diversify into international markets this year through Amazon's Global Selling Propel Accelerator program.

The company will continue strengthening its team and brand to scale across various online marketplaces, says Abhishek Shah, co-founder, and CEO.

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03 June 2022, Mumbai:

After launching the brand in India in August last year, FabIndia launched its youth-oriented womenswear brand FabNu in the Malaysian market with a dedicated concession at its brick-and-mortar store in Kuala Lumpur’s City Centre.

RELEVANT NEWS  FabIndia expands retail footprint with new store in Chennai 

*As per a Fashion Network report, the brand is designed to appeal to a younger customer base and has a more fusion style aesthetic, mixing FabIndia’s signature traditional prints with casual, western style silhouettes.

The line features dresses, shorts, lounge wear, separates, and sets with a bright colour palette.

FabNu’s maiden spring/ summer collection, following its launch collection for autumn/ winter last year, mixes bohemian and street style inspirations to pair peasant blouses with full skirts and baggy trousers with crop tops.

ALSO READ  Fabindia: A Brand of Bharat nurturing artisans across India

The brand shows FabIndia’s increased focus on younger shoppers as, having established a strong consumer base in older generations, FabIndia aims to expand its customer demographic to include millennials and Gen Z shoppers who have increasing disposable income and interest in branded fashion in both India and Malaysia.

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CREDITS: *Fashion Network

27 May 2022, Mumbai:

The fourth quarter net profit of apparel manufacturer Page Industries grew by 64.86 per cent to Rs 190.52 crore. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.

Revenue from operations of the company grew by 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

RELEVANT NEWS VS Ganesh promoted Page Industries’ new MD

PIL's total expenses increased by 18.58 per cent to Rs 870.04 crore,in Q4/FY 2021-22, as against Rs 733.69 crore in the corresponding period of 2020-21. For the fiscal year ended March 2022, PIL's net profit soared by 57.53 per cent to Rs 536.53 crore.

It had reported a net profit of Rs 340.58 crore in the previous fiscal.

Its revenue from operations was at Rs 3,886.46 crore in 2021-22. This is 37.18 per cent higher than Rs 2,832.96 crore in the year-ago period.

ALSO READ   Page Industries unveils Restricted Substances List for supply chain

Page Industries is the exclusive licensee of Jockey International Inc (USA) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE. It is also the exclusive licensee of Speedo International for the Indian market.

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26 May 2022, Mumbai:

Kazo Brands launched a new platform KZ07 during the recent Delhi Times Fashion Week.

The platform will launch its first unisex and versatile collection targeting the youth in June.

ALSO READ Kazo India to participate in Milan Fashion Week 2022

The collection titled KZ07 NY mixes shades of grey and neutrals with neon and bright hues. Garments in the collection have a basic yet impactful style. The Neon in the collection stands for the brand’s uniqueness.

The collection will be available in soon to be open KZ07 store in Delhi NCR. The brand will be available on its official website KZ07.com.

RELEVANT NEWS World Sustainability Organisation’s sustainable fashion eco label goes to KAZO: To showcase designs in Milan

They also have plans of listing online stores like Nykaa, Myntra, Ajio, and Tata Clique.

Kazo Fashion is an Indian women’s wear brand, founded by Deepak Aggarwal in 2007.

The brand offers the latest international fashion trends at affordable prices. The parent company BL International, an apparel export house, was established in 1991.

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