24 November 2021, Mumbai:

Me N Moms is continuing with its vigorous geographical expansion plan in the country. The children’s and maternity wear retailer currently has 135 stores operational in 69 cities of India and will inaugurate 20 more soon in another seven cities.

The brand plans to set up 200 stores by the end of this fiscal, which will be both company-owned and franchise shops.

The brand is the country’s only label that offers products in every category of childcare and mother care which is available across all Me N Moms outlets and also in more than 10,000 leading baby stores and chemist shops across the country.

The baby care and parenting sub-brand 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.

The brand has a unique franchise model, where the store is handed over to the franchisee after the setup is put in place and sufficient training is given. This gives autonomy to the franchise owner while at the same time it ensures that they do not compromise on quality. The products undergo rigorous tests before being put on sale.

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22 November 2021, Mumbai:

Group Has agreed to transfer shares of Pepe Jeans Innerfashion to G.O.A.T Brand Labs.

Pepe Jeans has decided to exit its joint venture in India. The Spanish brand had formed a 50:50 joint venture with Dollar Industries in India in 2017.

Dollar renounces ROFO

Pepe being desirous to exit from Pepe Jeans Innerfashion had offered Dollar to buy out Pepe’s entire stake in accordance with the clause dealing with Right of First Offer (ROFO) in the said JV agreement.

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

Also see: India’s economic advisory council expects it to grow 7-7.5% in next fiscal

Consequently, G.O.A.T shall purchase the entire stake of Pepe Jeans Europe BV and has executed a Share Purchase Agreement (SPA) with Pepe.

New trademark agreement

Accordingly, the existing JV agreement between Pepe and Dollar would stand terminated on the transfer of shares by Pepe to G.O.A.T. “Due to the proposed sale of its stake by Pepe to G.O,A.T, Dollar would be entering into new JV agreement with G.O.A.T.

The existing license agreement of the JV Company with Pepe Hungry KFT for use of their trademark ‘Pepe Jeans/Pepe Jeans London’ would continue to be used by the JV Company on such revised terms and conditions as may be agreed on between the JV Company and Pepe,” Dollar Industries said in a stock exchange filing.

The Board of Dollar in its meeting held on November 18 has approved the draft JV agreement which would be executed upon transfer of shares and termination of the existing agreement.

50 percent paid-up share capital

G.O.A.T will purchase 1,00,00,000 equity shares of the JV company from Pepe which constitutes 50 percent of the paid-up share capital. In addition to this, G.O.A.T will further subscribe 2 percent of additional non-voting equity on the existing and increased paid-up capital.

Also see: Tiger Global, Flipkart Ventures invest $36 mn in G.O.A.T Brand Labs

G.O.A.T invests in and scales digitally native brands in the lifestyle space (fashion, home & kitchen, nutrition, beauty, and personal care).

Founded by industry veterans Rishi Vasudev and Rameswar Misra and backed by marquee investors such as Tiger Global and Flipkart Ventures, G.O.A.T supports brands by providing them with growth capital, data-based insights, seamless operations, and deep expertise in brand building, digital marketing, and product development.

Business Line

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

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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

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17 November 2021, Mumbai:

Oster has launched Warmos EverNu, a new range of knitwear. In addition to thermal comfort, Warmos EverNu assures better pilling resistance and a newer and fresher look, even after repeated washes.

Ludhiana-based Oster is an integrated textile manufacturer in India specializing in spinning, knitting, weaving to dyeing, printing and cutting, stitching and packaging. Not only does it keep up with fashion trends to provide trendy styles with a range of classic colors and versatility, it also provides affordability and quality in its entire product range. The range is made from a special conjugate bi-component fiber from TAF which has a coiled-crimped structure that is said to provide excellent bulk, resilience, comfort and soft feel of wool; an ideal fiber for winter wear. Warmos EverNu is available in a wide range of classic colors and many trendy designs.

The Warmos certification is provided by Aditya Birla. With Warmos certification in the form of Warmos hangtags, consumers are assured that the garments will provide enough warmth that is required to protect them from cold weather. Adiya Birla tested the fabrics for their thermal insulation before giving the Warmos certificate and Oster’s fabrics not only passed the insulation test but also showed excellent pilling resistance.

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

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24 November 2021, Mumbai:

Taneira, which is a women’s ethnic wear brand from Titan, has announced the appointment of Shalini Gupta as General Manager – Marketing, Category, Design, and Supply Chain. Gupta will lead the way to achieve the ambitious growth target set for FY23 by solidifying the brand’s value proposition.

“Over the past few years, Taneira has brought the best Indian weaves under one roof for the progressive Indian women and has also supported the weaver community from across the country. The brand has won the hearts of many customers in a short period and is now poised to scale up exponentially.

I look forward to playing a role in making Taneira the most loved brand for women’s ethnic wear in India,” Gupta said.

An alumnus from SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Gupta has been associated with Titan for almost two decades.

She has donned numerous leadership positions in the company such as Heading the Marketing for Sonata watches, being the Business Head of Helios, and Licensed brands in the watches division of the company to become the CMO for Titan Eye Plus, the eyewear business of the company.

Taneira was launched in 2017 to bring about innovation in the women’s ethnic wear category, which is still largely unorganized through differentiated designs from over 65 clusters in India at high quality and an unmatched retail experience.

The business began with the launch of sarees and has now gradually expanded to festive and bridal lehengas, dress materials, ready-to-wear blouses, salwar and kurtas, stoles, and dupattas.

Indian Retailer

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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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19 November 2021, Mumbai:

Go Fashion is engaged in the development, design, sourcing, marketing and retailing a range of women's bottom-wear products under the brand, 'Go Colors'.

The three-day Initial Public Offering (IPO) of ‘Go Fashion’ opened for public subscription on Wednesday and will conclude on November 22, with the price band fixed at 655-690 a share.

Go Colors is the brand owned by Go Fashion (India) Ltd

The public issue Go Fashion (India) Ltd, which owns women's wear brand Go Colors, witnessed strong demand from retail investors as portions got oversubscribed within minutes of opening.

Mint

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

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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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17 November 2021, Mumbai:

W, the women’s fashion brand from TCNS Clothing, has now ventured into the cosmetics category with the launch of ‘W Beauty’, a vegan make-up range that is cruelty free.

W’s foray into the beauty segment is in line with its vision to be a one-stop shop for today’s woman. With the unveiling of ‘W Beauty’, the brand aims to meet the head-to-toe fashion needs of its consumer.

“At W, we have always endeavoured to provide a complete wardrobe solution to the ever-evolving Indian woman. After successful expansion into footwear and accessories, the launch of W Beauty is another step in that direction. Our well-curated product range addresses the latent need of our consumer who is looking for an amalgamation of fashion & functionality with the goodness of skincare.”

W Beauty has 100+ SKUs that have lip, eye, nail and face products. The face palettes include a combination of bronzer, highlighter and blush.

The lip category consists of four ranges of products – creamy matte lipstick, liquid lipstick, long-wearing lipstick and lip crayon. In the eye range, there are crayons and palettes that come in a pack of four. Both face and eye palettes are customisable at W stores. Furthermore, there are a wide range of quick-dry and long-lasting nail enamels.

The entire collection is exclusively available at select W stores, wforwoman.com and www.myntra.com with a starting price of Rs199 for nail enamels and Rs499 for products in the face, lip and eye category. IndiaRetailing

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

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

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22 November 2021, Mumbai:

The Rs 1,014 crore IPO of Go Fashions (India) continued to receive a strong response from the investors on the final day of the bidding process. The issue, which kicked off for subscription on Wednesday, sailed through on the first day itself.

The company is selling its shares in the range of Rs 655-690 during the three-day bidding process.

According to the data from NSE, the issue attracted bids for 1,0939.99.326 equity shares or 1354 times as of 5:00 pm. The company offered 80,79491 equity shares in its initial stake sale.

ET

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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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18 November 2021, Mumbai:

BrandMan Retail will operate New Balance stores in India. BrandMan will represent and grow the strategic presence of New Balance strengthening their operations in India.

It currently operates New Balance stores at malls in Delhi, Noida, and Ahmedabad and plans to open 35 more stores across India by March 2022.

It will offer all key products of the brand including new launches and performance-oriented shoes and apparel.

BrandMan Retail is a retail solutions provider. New Balance is an American sportswear brand. New Balance is an iconic brand synonymous with performance and aesthetics. New Balance would be available for retail across standalone stores as well as shop-in-shop models.

It will also have an extensive online presence across its own websites as well as on Nykaa and Tata CLiQ.

Considering the growing focus on sports and fitness in India, BrandMan felt there was huge potential in expanding the brand’s presence across the country with a long-term sustainable growth strategy.

The retail solutions provider, based in New Delhi, will represent the company’s presence in India via omnichannel retail, taking over from its earlier India partner, Major Brands.

India's retail sector was estimated at $883 billion, with grocery retail accounting for $608 billion. The market is projected to reach $1.3 trillion by 2024.

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UK-based fashion brand Missguided will retail on Myntra. The brand has a super-trendy and collection for women 16 to 25 years. Its key products include figure-hugging dresses, hot crop tops, snazzy jumpsuits, casual party wear, and comfy nightwear, in both knitted and woven segments, among others.

With this collaboration, Missguided is targeting young women, who are typically urban trailblazers seeking the latest and trendiest in designs and styles across categories in the premium segment.

Missguided is popularly known for its smart play with silhouettes, progressive styles, and design-led tailoring across verticals.

Myntra will showcase 350 styles from the brand, to begin with, and will be adding new styles every week directly from the UK. Missguided believes in empowering women globally to be confident and own their narrative.

The brand has been created by drawing inspiration from this generation of fearless, real women, who are strong-willed, straight talkers, dreamers, and forward thinkers. Missguided’s designs are hand-picked from leading social media, street style, and popular culture trends, creating a brand that delivers everything a woman on the go needs to be unstoppable in the world today.

The brand will also have its own official brand store on the Myntra app, helping shoppers explore the brand and its proposition with much ease.

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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

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22 November 2021, Mumbai:

Kitex Garments, India's biggest infantwear producer and exporter, has established a new subsidiary, Kitex Apparel Parks (KAPL), with a financial investment of Rs. 70 crore.

Kitex Garments has invested Rs. 70 crore in Kitex Apparel Parks (KAPL), which is divided into 7 crore Rs. 10 shares. KAPL is a subsidiary of Kitex Garments, with the firm investing 70% and Kitex Childrenswear, a member of the Group, investing the remaining 30%.

Notably, KAPL is a connected party of the firm, and the company's promoters have a stake in the subsidiary company equal to their investment in the company. The subsidiary company is responsible for establishing and operating a yarn, fabric, children's clothing, infants wear, menswear, ladieswear, regardless of age, and similar business, as well as procuring all raw materials and other auxiliary materials' services.

In Q2 FY22, Kitex Garments reported a 44.4 percent increase in net profit to Rs. 25.72 crore, owing to a 33.7 percent increase in net sales to Rs. 178.09 crore, compared to Q2 FY21.

In other news, Kitex Garments' CMD, Sabu M. Jacob has purchased further shares of the firm on the open market. "In accordance with the provisions of Regulation 7 (2) (a) read with Regulation 6 (2) of the SEBI (Prohibitions of Insider Trading) Regulations, 2015, we wish to inform you that on November 22, 2021, I purchased 102445 equity shares representing 0.15 percent of the outstanding shares of Kitex Garments Limited (KGL) through open market purchase," Jacob told the stock exchanges.

Jacob now controls 33.75 percent of the business. After a conflict with its home state of Kerala, Kitex Garments has announced a huge growth plan in Telangana.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

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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18 November 2021, Mumbai:

Karmatex, along with its sister company, East-West Agencies (a Govt Recognized Export House) is a large garment firm exporting Knitted & Woven garments for Men, Ladies, and Kids.

Karmatex Apparels is all set to expand its business turnover & retail footprints by launching Men's Weekend Brand 'Harbour 9' to expand its business.

This foray is targeted at urban and semi-urban Indian men. The product range comprises a collection of polo t-shirts, shirts, shorts, and joggers to cater to this market segment.

Karmatex's management boasts of very professional promoters with management bandwidth supplementing & complementing mutual skill sets on the board, the promoters scholastic educational background is," Subodh Wadhwani, Arti Havaldar, and Manoj Jain are business management graduates and bring on the table vast of hands-on experience/ expertise in the fabric and garment industry.

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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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15 November 2021, Mumbai:

Biba plans on having 200 more stores over the next three years. Of these 200 stores, 40 percent would be flagship stores, around 3,000 to 5,000 sq ft in size.

These stores would have a different experience for customers. The trial rooms, for instance, would have special lighting techniques that allow customers to see how a dress would look in the afternoon or in the evening.

The brand is currently at 296 stores. About 20 percent of these are franchise-owned. Biba’s share of e-commerce sales has gone up 20 to 25 percent. The brand has sharpened its focus on e-commerce as it provides the convenience of contactless delivery. Apart from its own website, Biba has also expanded its presence across marketplaces like Amazon and Myntra.

The brand’s ethnic wear sales fell by nearly half because of lockdowns, and there were no social functions like weddings and events taking place. Biba closed almost 30 stores across the country last year.

So Biba struck a revenue-sharing deal with malls and high-street partners. Since September 2021, the brand has been observing good traction and expects offline to be close to 100 percent of 2019 numbers.

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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