06 December 2021,  Mumbai:

The new subsidiary is incorporated for carrying on business in the field of home textiles, the company said.

Monte Carlo Fashion Ltd has on Friday incorporated a new wholly-owned subsidiary of the company, Monte Carlo Home Textiles Limited.

“Monte Carlo Home Textiles Limited is incorporated for carrying on business in the field of Home textiles i.e. Rugs and Mink Blanket Fabric,” the company said in a filing.

At around 2.05 pm, Monte Carlo Fashions Ltd was trading at Rs579.30 per piece up by Rs7.85 or 1.37% from its previous closing of Rs571.45 per piece on the BSE.

IIFL Securities (The news article has not been edited by DFU Publications staff)

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1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 December 2021,  Mumbai:

Bewakoof stepped into streetwear with a new collection, ‘Seedhe Gully Se’ inspired by the streets of India. As a part of its scale-up strategy, the direct-to-consumer firm will be launching multiple new categories and also going deep in the categories it’s already present in. The streetwear category with a desi heart is another step in this direction.

Bewakoof streetwear has a size-inclusive, gender-neutral range with over 100 stock-keeping units and is aimed at fashion lovers who want to express themselves.

The merchandise, especially trainers, oversized hoodies, baggy and bold graphic T-shirts inspired by the hip-hop, skateboard, and surfwear culture, is also the new status symbol for fashion-conscious young consumers from across Indian cities rewired by the internet. But sales have trickled down beyond urban centers now.

The company has also launched a brand video showcasing its collection across all digital platforms, which has garnered over two lakh views on YouTube.

India is estimated to have about 390 million millennials and about 440 million in the Gen-Z cohort. This is a large consumer base for the streetwear segment.

Bewakoof’s aim is to become a house of brands and a one-stop-shop for creative, unique, and expression-led merchandise spanning fashion, beauty, apparel, and many more. The aim is to reach Rs2000 crore sales by 2025.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30th November 2021, Mumbai:

Kolkata-based Maku Textiles has launched an ethnic wear brand for women called Kameez. The collection of saris, kurtas, blouses, and stoles is made from handspun textiles.

Ahead of the winter festive season, Maku Textiles has applied its experience in handwoven fabrics to a line of women’s wear. Kameez is inspired by the delicate and simple aesthetic choices of Indian historic costumes and textiles.

The collection has a color palette of reds, icy blues, marigold yellow, and metallic champagne and mixes, relaxed silhouettes with traditional wardrobe staples.

Featured textiles include handwoven cotton, silks, and jamdani and the subtle embroidered details keep the focus on the fabrics and their handcrafted, raw quality.

Maku Textiles focuses on hand-spun khadi textiles and natural indigo dye techniques in its production and the brand’s name stand for sustainable blue. Maku’s Textile production has a zero carbon footprint.

Maku Textiles was founded by designer Santanu Das as an exploration of his culture, inspired by his mother’s wardrobe. The brand regularly uses 100 percent khadi cotton as well as hand-dyed indigo. Maku’s clothes are not marketed as fashion pieces – they are skilfully woven garments that promote the historic craft practices of India.

More than a brand, Maku is a slow fiber movement. It is a movement against rapid industrialization. It is a movement towards sustainability.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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04 December 2021,  Mumbai:

The company’s net profit margin improved to 10.56 per cent during the September quarter.

Knitwear maker Dollar Industries Ltd is expecting 15-18 per cent growth in turnover during the current fiscal backed by a higher demand particularly for its economy range of products. The company had registered a seven per cent growth in turnover at ₹1,037 crore in FY-21, as against ₹969 crore in FY-20.

The company operates in economy, mass premium and premium segments under its range of knitted garments, from basic wear to outer wear.

According to Vinod Kumar Gupta, Managing Director, Dollar Industries, the economy range account for nearly 42 per cent of its total sales. The company is hopeful of doubling its turnover to ₹2,000 crore in the next three-to-four years.

“We have chalked out a business plan and we are on the growth path. We expect to be able to achieve the target (of ₹2,000 crore) by 2025,” Gupta told BusinessLine.

The company had registered nearly 52 per cent growth in turnover at ₹391 crore for the quarter ended September 30, 2021, as against ₹258 crore in the same period last year. The operating profit margin improved to 15.87 per cent (13.80 per cent) while net profit margin improved to 10.56 per cent (8.65 per cent) during the quarter.

Dollar, which launched the first Exclusive Brand Outlet (EBO) in Ayodhya this year, plans to launch similar outlets pan-India. It plans to add 10 more such outlets in Rajasthan and Uttar Pradesh by this fiscal.

“We would continue to focus on increasing our reach and range at the retail level to grow further,” he said.

Price hike

Raw material prices have been increasing over the past couple of months and the company recently made a price hike of around 12 per cent across categories. Since the prices have gone up, the demand for economy products has been on an upswing.

The company will wait and watch how the market reacts to the price hike before taking any decision on a further price increase. “We will wait to see how the market reacts, we do not plan to raise prices any further as yet,” he said.

Jt venture with Pepe Jeans

Pepe Jeans, which had formed a 50:50 joint venture with Dollar Industries in India in 2017, recently decided to exit its joint venture.. It had offered Dollar to buy out its entire stake in accordance with the clause dealing with Right of First Offer (ROFO) in the said joint venture agreement.

Dollar, in exercise of its rights as per joint venture agreement, however, renounced the ROFO and agreed to the transfer of shares held by Pepe in Pepe Jeans Innerfashion in favour of G.O.A.T Brand Labs (G.O.A.T) incorporated in Singapore.

“We nominated G.O.A.T because of their expertise in digital space. Under the joint venture with G.O.A.T, we are hopeful of increasing our sales of the brand to ₹100 crore from the current ₹70 crore (in FY-21),” he said.

Business Line (The news article has not been edited by DFU Publications staff)

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30th November 2021, Mumbai:

The merged entity to offer consumers essential clothing across all price segments: Modenik Chief Private equity firm, Advent International, has merged its two portfolio companies Dixcy Textiles and Gokaldas Intimatewear Pvt Ltd, in a bid to increase the scale of its innerwear and apparel business.

The combined entity will be called Modenik Lifestyle Pvt Ltd and will be headquartered in Bengaluru. The merger will leverage the operational efficiencies and manufacturing and distribution synergies between the two entities, a top company official said.

Sunil Sethi, Executive Chairman, Modenik Lifestyles Pvt Ltd, told BusinessLine that the merger will enable the creation of a strong platform that will offer consumers essential clothing across all price segments of the economy, mainstream, semi-premium, the premium for both men and women.

He said that the company will leverage synergies in the integrated supply chain, manufacturing, logistics, and go-to-market strategy with a stronger focus on the omnichannel approach.

Strong brands and professionals

“Modenik brings together the talented and creative professionals of both Dixcy and Enamor (Gokaldas) and now boasts a combined strength of 5,000, that includes 1,600 employees and 3,400 labour staff across its manufacturing operations in Tirupur, Kolkata, Bengaluru, and Ludhiana,” the company said.

The merged entity’s portfolio of brands comprises Dixcy Scott Originals, Dixcy Scott Maximus, Josh by Dixcy Scott, Slimz, and Enamor. It also includes Levi’s innerwear, for which the company has an exclusive licensing agreement for manufacturing and distribution in India.

“Despite the second pandemic wave, we saw revenue growth of about 25 percent compared to last year in the April-October period (year-to-date). From July onwards, we have been seeing growth over the pre-pandemic levels. This growth is being fuelled by rising demand for essential and casual wear during the pandemic times,” he added.

The company will enhance its focus on adjacencies such as the athleisure and thermal wear segment. “ As consumers are increasingly moving to branded products by organised players, we will focus on renovation and innovation across our brands such as Dixcy Scott Originals and Dixcy Scott Maximus”, he added.

Meanwhile, the company will also focus on doubling its direct and indirect distribution footprint in the next 18-24 months. “ We have direct distribution across 600 towns and we want to increase it to about 800 towns” Sethi added

BusinessLine (The news article has not been edited by DFU Publications staff)

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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https://www.dfupublications.com/ezine

30th November 2021, Mumbai:

Plastic waste has serious repercussions on ecological health but recycling it for better use can be friendly towards nature. One such area where recycling has been put to good use is in the manufacture of fibre which can be successfully converted into fabric.

Successfully turning plastic waste into a sustainable material seems questionable but UNIREC has bridged that gap. Sustainable fashion is a process of fostering change in fashion products and the fashion system for improved ecological integrity and welfare.

The most popular fabric, polyester, can be procured from plastic water bottles scattered in the shape of environmental hazards around us.

This polyester fabric can then be blended with other fabrics like cotton and viscose and create comfortable apparels which can be used on a daily basis. UNIREC launches a new collection of clothing made from recycled PET bottles.

UNIREC is one of the first sustainable garment brands manufacturing garments and uniforms out of recycled PET bottles.

The fabric procured by UNIREC’S partners is registered under the Global Recyclable Standard certification, thereby ensuring the genuineness of the product. Its range includes t-shirts, shirts, trousers, blazers/jackets, and other accessories.

The growth in the product line has been incredible in a very short period of time and demand for the material has grown massively. However, the prime focus of the company is to preserve the environment while maintaining and delivering a decent fashion trend. UNIREC has an outstanding collection of elegant and pocket-friendly formal jackets, sleeveless jackets, and trousers.

The average consumption of plastic per person is around 28kg globally. While this consumption per person is at 11kg in India, it is still amongst the top 20 consumers of plastic globally. The industrial use of plastic for the manufacturing of goods and products can only be justified if there is no plastic waste.

Plastic waste alone causes exponential damage to the environment and hence calls for its proper disposal. Hence, UNIREC came up with an idea to mingle fashion and plastic recycling and transform a process that not only decreases the damage on planet earth but also helps people adapt to a sustainable sense of clothing.

Mr. Kapil Bhatia, CEO & Founder, UNIREC speaking on the launch of the new line said, “I have been in the garment industry for over 20 years now, and for more than 15 years have been manufacturing workwear and uniforms for small to very large corporations.

However, never before has the impact of the environment and climate change been bigger and more important for the entire human race. While plastic and its products definitely have their own benefits, it is the disposal of the same that is causing a massive impact on our environment.

We have therefore launched UNIREC, as one of India’s first sustainable brands making garments from recycled plastic bottles. Not only these garments which are recycled fabrics, but the carbon footprint generated from these is also almost 30% lower than that from normal garments.

These garments are as breathable, durable, and comfortable to wear as any other garments that we purchase in our day-to-day life.

Please remember sustainability is not an option but it is our DUTY. At UNIREC , we pledge to work towards a simple objective to reduce carbon footprint one person at a time, one garment at a time .”

India Education Diary (The news article has not been edited by DFU Publications staff)

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Daily News:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 December 2021,  Mumbai:

Me N Moms aims at having a network of 200 stores by the end of this financial year. These will be both company-owned and franchise shops. Currently, the children’s and maternity wear retailer operates 135 stores in 69 cities and is continuing with its store expansion plans in the country despite the pandemic and reaching out to parents looking for affordable products.

It believes every infant deserves a safe and sound growth during their early years and should not be deprived of it because of the pandemic.

Me N Moms, which opened its first store in 1994, offers products in every category of childcare and mother care through its private label.

Products of its baby care and parenting brand MeeMee are also available in over 10,000 leading baby stores and chemist shops across the country. MeeMee launched in 2007 offers a large variety of products in different categories including skin and oral care, feeding, infant utility accessories, travel, nursery, toys, fashion, and maternity.

Indian parents are now more aware of the need for nursing and baby care products but overall awareness of using safe and hygienic products for babies and mothers is lower as compared to international first-world markets. Baby care and parenting have been restricted to the upper echelons of society due to the premium pricing.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30th November 2021, Mumbai:

As part of its pan-India brick-and-mortar development, Biba has increased its Gurgaon shop count to ten with a new addition in the city's Star Mall, according to the brand's website. Biba's whole apparel line is now available at the new store, including kurtas, accessories, fusion wear, girls' clothes, event wear, and loungewear.

Biba launched a new store on Brigade Road in Bengaluru earlier this month. Biba's winter festive collection of event dress sets with gold highlights and delicate embellished touches debuted alongside the shop.

Biba has created a special 'wedding store' on its website for the winter wedding season, meant to be a one-stop shop for brides-to-be. Biba's new collaboration collection with designer Rohit Bal, dubbed 'Ghewar,' is also available on the website.

Biba announced on Facebook on November 29 that the firm is extending its product categories and launching a new 'Easy Stitch Suit Sets' range of fabric meant to be fashioned into kurta sets.

The business has just debuted a bridal footwear collection, which includes a variety of slip-on shoes with glitter and metallic accents.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30th November 2021, Mumbai:

The listing premium was ahead of analysts' expectations (65-75 percent) as well as the grey market price (Rs 1,140-1,210 per share).

Go Colors brand operator Go Fashion saw a stellar debut on the bourses on November 30 as the stock listed at a whopping 90 percent premium over the issue price of Rs 690 per share. It opened at Rs 1,316 on the BSE and at Rs 1,310 on the National Stock Exchange.

The listing premium was ahead of analysts' expectations (65-75 percent) as well as the grey market price (Rs 1,140-1,210 per share).

The maiden public offer of the women's bottom-wear brand operator had seen tremendous response from investors as the offer was subscribed 135.46 times. It saw the biggest demand from non-institutional investors, who bid for shares 262.08 times the portion set aside for them. Qualified institutional investors had put in bids 100.73 times the reserved portion, and retail investors subscribed for 49.70 times the reserved portion.

Go Fashion has mopped up Rs 1,014 crore through its public issue that comprised a fresh issue of Rs 125 crore and an offer for sale of Rs 888.61 crore. The funds from the fresh issue will be utilised to roll out 120 exclusive brand outlets, and meet working capital requirements.

Moneycontrol.com (The news article has not been edited by DFU Publications staff)

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Daily News:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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03 December 2021,  Mumbai:

FabIndia has stepped into skincare and haircare. The new Fabessentials line launched with 70 different products features natural ingredients including lavender, tea-tree, jasmine, rosemary, saffron, marigold, coffee, and orange, among others. The products’ bright packaging features illustrations of flowers and fruits and notable products include Rice Water, Yoghurt Hair Mask, and a Passion Flower Body Spray.

Ethnic wear and lifestyle brand FabIndia’s latest range for women and men has a color palette of aubergine, icy turquoise, and charcoal. The collection’s north Indian inspirations can be seen with layered styling and bold silver jewelry. FabIndia retails from its dedicated e-commerce store and chain of outlets across India.

The brand relaunched what was its first-ever store in New Delhi in September and launched an ethical clothing line in the same month. The brand is also planning an initial public offering.

FabIndia, founded in 1960, started as an exporter of home furnishings. FabIndia has also launched four strategic business units, home, and lifestyle, personal care, FabCafe and e-commerce. FabIndia is India’s largest private platform for products that are made from traditional techniques, skills, and hand-based processes.

It believes in giving employment to craftsmen where they can do their work in their own environment.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30th November 2021, Mumbai:

Page Industries’ revenue jumped 46.4 percent in the second quarter. Profit after tax for the quarter grew 45 percent. For Page Industries, India’s leading apparel manufacturer and the exclusive licensee of Jockey International, sales momentum picked up significantly after the setbacks of the global pandemic.

The premium innerwear and athleisure marketer saw increased momentum in sales across all product categories backed by expansion in its portfolio and existing network and is well poised and remains optimistic on delivering sustainable growth in the foreseeable future.

During the second quarter, the company added 13,950 multi-brand outlets and 54 exclusive brand outlets to feed the robust demand in the three-month period. Investments in warehousing, technology, and logistics support helped not only in strong execution but also in delivering on profitable growth.

With a strong and proven business model, wide product portfolio, efficient financial management, and a very loyal customer base, Page remains committed to continue creating value for stakeholders.

Page Industries plans to double its manufacturing capacity in India in the next five years. Its current installed capacity is 260 million pieces. Currently, the company’s manufacturing units cover 2.4 million sq ft in total, which includes 14 locations in Karnataka and one location in Tamil Nadu.

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DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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24 November 2021, Mumbai:

Victoria’s Secret has launched a beauty e-commerce store in India. The e-store will house the brand’s famous fragrances, Natural Beauty Body Care, Mist Collections, accessories, and Pink beauty collections.

Victoria’s Secret Beauty is America’s number one fragrance brand with iconic, award-winning scents like Bombshell, Tease, and Heavenly. With an ever-evolving collection of beauty essentials—including eau de parfums, mists, candles, and beyond—they empower all to discover and embrace a routine that makes them feel their best.

Victoria’s Secret Beauty’s fashion-forward accessories add a touch of elegance and flair to any outfit, from the latest handbags to the best cosmetic cases and more.

The online platform will be launched in India, exclusively in partnership with franchisee retailer Major Brands. This is a leading franchisee for premier international fashion brands that represent several international lifestyle brand products in India. Currently, Major Brands has 160 standalone outlets for different brands.

While the brand enters the market with a digital focus on the beauty business, Victoria’s Secret and Major Brands will launch full assortment lingerie brick and mortar stores in Mumbai in summer 2022. Victoria’s Secret is an intimates specialty retailer with modern, fashion-inspired collections, award-winning fine fragrances, body care, and lounge wear.

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TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

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