20th October 2021, Mumbai:

Page Industries, India's largest textile manufacturer and the only licensee of Jockey and Speedo in the country was honoured with the ESG India Leadership Award for Green Supply Chain.

The firm was named the winner for its outstanding procedures in acquiring items from ecologically responsible vendors and maintaining an ethical supply chain. The award is organised by ESGRisk.ai, India's first ESG rating business and part of the Acuité Group.

The ESG leadership award recognises different elements of Page's supply chain accomplishments in FY 2019-20. OEKO-TEX certification is one of them: 90 per cent of essential fabric suppliers are OEKO-TEX certified, and the business intends to have all of its vendors and suppliers certified by FY2022.

Furthermore, WRAP certification is held by 78 per cent of the garment outsourcing divisions in order to maintain a responsible supply chain.

“We are pleased to be recognised as an ESG leader for the sustainable measures adopted in our supply chain,”

Ganesh VS, the company's CEO and ED stated. Our aim is to become a leading clothing company by achieving balanced growth while focusing on quality, innovation, and sustainable practices, resulting in long-term value for all of our stakeholders.

It is important that our suppliers embrace our values and vision and increase the sustainability standards in our supply chain in order to realise our mission and assure ethical behaviour."

We seek to interact with environmentally and socially certified suppliers, work with them, and co-create with them in order to achieve joint success and long-term value creation, he continued.

We still have a long way to go on this road of continuous improvement, and we're dedicated to working with our suppliers to get there.

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18th October 2021, Mumbai:

Ethnic wear brand ‘Kalki Fashion’ roped in Bollywood actor PoojaHegdeas the showstopper for its bridal couture collection at the recently concluded Bombay Times Fashion Week 2021 (BTFW).

As per a Fashion Network report, named Hera, the collection is derived from Greek mythology which means the goddess of marriage.The entire bridal collection is inspired by ancient, age-old architecture, drapes and silhouettes and gives out more of a queenly vibe. It is designed for the eclectic, dynamic brides who think outside of the box, and want to be anything but not ordinary, says Saurabh Gupta, Director, Kalki Fashion.

Kalki Fashion has exclusive stores and a strong digital presence across the country.

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13th October 2021, Mumbai:

Jockey India is expanding its offline footprint despite brand's online sales growing 3X during the pandemic. VS Ganesh, CEO and Executive Director, Page Industries, the exclusive licensee of Jockey in India, informs. Jockey India opened its 1,000th store in Visakhapatnam.

The brand plans to add more stores as urbanization is happening rapidly and the consumers prefer to have stores near them. Jockey ultimately aims to reach the 2,000 stores mark, adds Ganesh.

Jockey also opened a good percentage of multi-brand outlets (MBOs) in Tier-III and IV cities. This has helped the company to continue serving existing customers as they migrated to the countryside after the pandemic, along with acquiring new customers.

During the pandemic, the company added over 15,000 MBOs and about 350 EBOs. Jockey entered India in 1994 under an exclusive partnership with Page Industries.

Jockey was the first brand to move innerwear from the storeroom to the storefront in the country, gradually changing consumer perception and approach towards innerwear. Jockey’s portfolio includes a wide range of athleisure, thermals, socks with the latest addition of masks, caps, and handkerchiefs.

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20th October 2021, Mumbai:

Leading apparel manufacturer and exclusive licensee of Jockey and Speedo in India, Page Industries has been honored with the leadership award for Green Supply Chain at ESG India Leadership Awards. The company was awarded for its excellent sourcing practices from environmentally responsible suppliers and an ethical supply chain.

The virtual awards were organized by ESGRisk.ai, India's first ESG rating company which is part of the Acuité Group. The award highlights various aspects of Page’s FY 2019-20 supply chain achievements. These include OEKO-TEX certification – 90 percent of the critical fabric suppliers are OEKO-TEX certified, and the company aims to ensure that all its vendors and suppliers get the same certification by FY 2022.

Another notable point is 78 percent of the garment outsourcing divisions of the company are Worldwide Responsible Accredited Production (WRAP)-certified to maintain a responsible supply chain. Further, procurement from domestic suppliers has increased by 13.6 percent.

Sustainability and ESG practices are embedded in each aspect of Page Industries’ operations and its entire value chain including procurement, designing, manufacturing, and logistics, thereby creating shared long-term value for all stakeholders. The company is committed to responsible sourcing of materials and resource efficiency across all its facilities.

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15th October 2021, Mumbai:

adidas Originals has launched a new collection format store in Bandra, Mumbai. As per Textile Value Chain, the store showcases the latest and finest range of adidas Originals for men, women, and kids.

The store has been curated to provide consumers with an elevated and superior shopping experience.

Spread across 3,057 sqft, the store will be a one-stop destination for all Originals fans. Inspired by the spirit of Mumbai, it will feature multiple elements and artwork celebrating the spirit and essence of Mumbai city. The store is infused with unique elements like a trefoil entrance, multiple neon signs, and a special Aamchi Mumbai sign in its premises.

There are also two lounge areas within the store resonating the look and feel of Mumbai, with the furniture featuring some famous elements from the city like the rock structure from Marine Drive.

The lounge further features antique art pieces and a Bollywood gallery wall that exhibits the artwork inspired by Bollywood posters, a very common sight in Mumbai streets. The store translates the brand’s vision of creating an interactive experience for its customers in the city through these unique elements.

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12th October 2021, Mumbai:

Dutch fashion brand Scotch & Soda plans to open 15 new physical stores and seven new concessions by year-end across Europe, Asia-Pacific, North America, and the Middle East.

As per Fashion Network, this will include new directly-operated and franchise stores in key global cities such as Paris, Madrid, Philadelphia, Charlotte, Gothenburg, Riyadh, Mumbai, Bucharest, Dortmund, Stuttgart, and Perth.

The brand plans to launch its first digital store on Tmall in China. It recently also launched its Weibo, Little Red Book, WeChat, and Douyin social media accounts to drive awareness in the country. The label is also adding new products for the upcoming festive season and for SS22.

These include a reporter bag and a cross body in faux leather and a functional foldable tote bag made with recycled nylon. Each of these items will feature its new brand identity, and three new styles of bags will be introduced to celebrate the new logo. Their styles will be exclusive to its franchise and directly operated stores as well as online for the first season.

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19th October 2021, Mumbai:

aLL: The Plus Size store from the Future Group has launched a limited-edition festive season collection for plus-size men and women across the country.

The brand has launched a campaign with two body-positive influencers reveling in the festive glory to promote its latest collection.

The collection has Zari embroidered kurtas or royal foil print flowy dresses for women, while for men it has kurtas, jackets, shirts, and more.

Established in 2005, ‘aLL: A Little Larger’ is a fashion clothing brand that celebrates beauty beyond size with an exquisite collection dedicated to providing apparel and accessories for plus-size clothing for men and women. Being the first Indian brand to enter this category, aLL: The Plus Size Store caters to a niche segment and gives one every reason to be what they are and the freedom to choose what they want to be. It offers a wide range of trendy and stylish collections ranging from classic styles to unconventional designs so that one does not have to compromise on fashion, size, or fit.

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14th October 2021, Mumbai:

US fashion brand Gap has roped in Reliance Retail as its new franchise partner in India to replace Arvind Fashions. As per the deal, Reliance will manufacture 100 percent of all Gap products to be sold in India as against Arvind Fashions, which manufactured 70 percent of Gap’s products sold in India.

Arvind and Gap called off for their partnership as Arvind Fashions failed to turn Gap's business in India profitable even after closing and pruning store sizes and increasing local sourcing. Gap’s contribution remained limited to about 4.7 percent of Arvind Fashions' consolidated turnover, or Rs182 crore in the fiscal year ended March 2020.

The brand incurred a loss of Rs 34 crore before taxes. Reliance Retail-owned online fashion platform Ajio already sells almost the entire collection for men, women, and kids from Gap and is one of the largest stockiest on Ajio.

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12th October 2021, Mumbai:

Jockey’s exclusive licensee in India, Page Industries aims to grow 2.5 times to reach $1billion in revenues in the next five years. The company looks to chase growth targets by expanding its product and market portfolio.

The Bengaluru-based apparel firm aims to double the number of stores in the coming years with a special focus on Tier II & III markets besides all leading metros.

The company plans to not only expand capacities but also supplies. It aims to focus on women's innerwear, kidswear, and athleisure wear segments. For the financial year ended March 31, 2021 Page Industries reported sales of Rs 2,833 crore against Rs 2,945.5 in the pre-pandemic financial year 2019-20.

The company’s revenues from operations grew 76.08 percent in April-June this fiscal to Rs 501.53 crore. It has invested in new technologies to cater to the trend besides expanding offline also.

The company witnessed tremendous traction on e-commerce, as the contribution from its online channel grew by almost three folds from 3 percent to 8 percent.

Page Industries is now focusing on the women's innerwear and the kids' segments as these are growing categories and comparatively new for the company. The company also sees a huge potential to grow into international markets in its license territories.

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19th October 2021, Mumbai:

The Pant Project, a bespoke e-tailor company, had a 30 percent increase in sales month over month in its first year, selling over 10,000 trousers throughout the country.

The brand sees a lot of room for development in the future years, with a goal of 1 million consumers and a revenue target of Rs 100 crore ($13.2 million) in the next three years.

To meet its goals, the Pant Project intends to expand its online presence while also creating physical storefronts and pop-up shops.

Dhruv Toshnniwal, the company's founder and CEO, stated in a statement on the company's development and expansion plans, "The last year has been an amazing adventure for us."

We want to expand our existing product offering and create a range of women's apparel in response to the overwhelmingly positive reaction to our custom-made pants.”

“We aim to be acknowledged as India's #1 D2C apparel brand, proudly serving and having altered the face of direct-to-consumer shopping and given the tailoring business a new push by digitizing the entire experience,” he said.

During the Covid-19 epidemic in India in October 2020, The Pant Project created a full-service e-tailor solution for custom-made trousers for men around the country.

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13th October 2021, Mumbai:

American fashion retailer Levi’s plans to refresh around 25 per cent of its store network every year. The brand aims to take its total store count in the country to 600 in the next few years, affirms Sanjeev Mohanty, Senior Vice-President and Managing Director-South Asia, Middle East and Africa.

Levi’s beat third quarter estimates globally with demand for denims holding steady and pent-up demand for fashion apparel helping drive sales. In India, too, the company did well by renovating existing stores and adding larger outlets, besides appointing actress Deepika Padukone as its brand ambassador and launching a new collection in collaboration with her.

Levi’s denim category is growing faster than overall apparel growth. It plans to resize and relocate 100 of its existing stores to Hyderabad, Mumbai and many other locations across India.

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12th October 2021, Mumbai:

Page Industries, the sole licensee of Jockey and Speedo in India, wants to be a one-billion-dollar company in five years, expanding almost 2.5 times as the firm increases its product line and market reach, according to V S Ganesh, the company's CEO and Executive Director.

The Bengaluru-based firm, which announced the launch of its 1,000th exclusive brand store (EBS) in India on Monday, is concentrating on deeper penetration for rapid development, with a specific focus on smaller tier II and III areas outside of metro markets.

To meet the one billion dollar sales objective, the firm will focus on strengthening its supply chain to create and supply, as well as expanding its reach and distribution with value for money proposition items to customers, he said.

Page Industries recorded revenues of Rs 2,833 crore for the fiscal year ending March 31, 2021. In the per-pandemic financial year 2019-20, it was Rs 2,945.5 crore. In April-June current year, the business recorded a nearly 76.08 percent increase in income from operations to Rs 501.53 crore.

He stated that the company will invest to increase its capacity and improve supply, with an emphasis on the women's innerwear and children's segments, as well as athleisure wear, which has grown in popularity since the pandemic.

"We want to be a $1 billion company by 2026, which would need a 2.5-2.75-fold rise in the next five years, which we are working hard to achieve. We know how to get there, and we'll keep working to extend and improve our presence in India so that we can reach more people in more locations via retail, e-commerce, and omnichannel distribution "According to PTI, Ganesh added.

"We've been doing fairly well, and the past quarter has been fantastic," Ganesh said. "Things are starting to normalize, so we appear to be in a good place."

Despite the fact that Jockey is a "dominant player" and a major clothing brand, its market share in the men's innerwear area is just approximately 18%, according to him, and there is plenty of potential for Page Industries and other newcomers to develop. He said,

"We are quite positive" about the market, saying, "We are on the runway, we have not yet taken off." With customer preferences shifting toward e-commerce, Page Industries is well equipped and has invested in technology to keep up with the trend, as well as expanding offline.

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

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