10 July 2023, Mumbai

Aims to expand the reach and prestige; FDCI has joined forces with Reliance Brands to enhance and broaden the influence of the India Couture Week.

Sunil Sethi, the chairman of FDCI, expressed his excitement about the collaboration, stating that their partnership continues to strengthen, and they anticipate the valuable contributions it will make to the event's growth.

Uniting to amplify the showcase

Sethi aims to elevate the India Couture Week to a level comparable to prestigious international showcases. Jaspreet Chandok, the group vice president of Reliance Brands, emphasized their commitment to advancing the Indian designer fashion industry.

Fashion extravaganza

They aspire to set global standards in terms of presentation, appeal, and visibility, underscoring the significance of this collaboration. Taking place in the capital city from July 25 to August 2, the 16th edition of the India Couture Week will feature participation from renowned Indian designers.

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05 July  2023, Mumbai

Renowned global sports footwear and apparel brand, Reebok, achieves a remarkable milestone with the launch of its latest store in Lucknow, India.

The inauguration ceremony was graced by Malaika Arora, the iconic Bollywood actress, and revered fitness icon, embodying the essence of fitness and style that Reebok represents.

Momentous occasion

The opening of this highly anticipated exclusive outlet marks a truly unforgettable occasion. Under the stewardship of Aditya Birla Fashion and Retail Limited, Reebok's expansion in India gains momentum with the launch of this exceptional store catering to the escalating demand for quality sportswear in Lucknow.

Showcasing an array of range

The contemporary and inviting design of the new store showcases Reebok's signature collections, including the Running, Training, Walking, and Lifestyle categories.

With an extensive selection of high-performance athletic footwear, fashionable activewear, and essential accessories, the store promises an immersive shopping experience to enhance customers' fitness journeys.

Adds glamour to the ’Grand Opening Event’

Management expressed delight at the grand opening, emphasizing the brand's dedication to providing exceptional sports and fitness experiences.

The presence of fitness icon Malaika Arora at the event is expected to resonate with customers, inspiring them to reach new heights.

Consolidation

As Reebok strengthens its presence in the Indian retail market, this strategic expansion reinforces its commitment to delivering the highest quality athletic footwear, apparel, and accessories to India's thriving youth.

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21 June 2023, Mumbai

ICRA, the prominent credit rating agency, has published a report highlighting the challenges faced by Indian fashion retail entities.

Indian Fashion Retail in FY 2024

The analysis, covering 11 listed retail companies, reveals that demand pressures and inflationary headwinds are likely to moderate revenue growth to 10% in the fiscal year 2024. Amidst Inflationary Pressure

Despite an impressive 51% year-on-year revenue growth in FY 2023, the fashion retail industry is projected to experience a slowdown due to inflationary pressures. ICRA's report also indicates a decline in operating profit margins (OPMs) by approximately 100 basis points, primarily attributed to softening demand and continued high expenditure on advertising and promotion.

Revenue Growth

However, ICRA maintains a stable outlook on the retail sector. Ms. Sakshi Suneja, Vice President & Sector Head - Corporate Ratings at ICRA, comments on the trends and expects the sector to improve with the onset of the festive season, translating into an estimated 10% revenue growth for FY 2024.

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03 July  2023, Mumbai

Renowned fashion designer Rahul Mishra is set to make another appearance at Paris Haute Couture Week on July 3, showcasing his unique blend of South Asian wedding wear and "mindful luxury." Rahul Mishra's journey

After six years of struggling to sell his unconventional bridal lehengas, Mishra's latest foray into wedding attire has proven immensely successful, with a waitlist of almost five months for his designs.

From challenging traditions to ethical luxury

Weddings, which have boomed since the pandemic, have become a significant source of revenue for Mishra's business and a means to provide employment for over 1,200 embroiderers in rural India.

Responsible manufacturing

With a commitment to ethically paced production and handmade craftsmanship, Mishra's designs embody his vision of inspiring others and creating beautiful outfits that tell a story.

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06 July  2023, Mumbai

Asics, the renowned Japanese sports brand, has announced the appointment of Bollywood actor Shraddha Kapoor as its brand ambassador for the Indian market.

Influential presence to promote

Kapoor will take on the role of endorsing Asics' footwear and women's sportswear segment, aiming to strengthen the brand's market presence and broaden its appeal among female fitness enthusiasts nationwide.

Inspiring a holistic lifestyle

Rajat Khurana, the managing director at Asics India, expressed enthusiasm for the association, stating that Kapoor's substantial fan base and influential presence make her the perfect ambassador to inspire and educate people about nurturing a healthy mind and body.

Kapoor herself is excited about the collaboration, as Asics India aligns perfectly with her beliefs in promoting a healthy lifestyle.

Expanding its reach

Currently, Asics operates 88 stores in India, in addition to its online presence on various e-commerce platforms.

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Renowned label Anita Dongre proudly announces the opening of its exquisite flagship store at Puniska House, Ahmedabad.

Experience the epitome of elegance

The news was shared through engaging social media posts on Instagram and Facebook. Step into the store and discover the latest additions to Anita Dongre's renowned womenswear and menswear collections, characterized by the brand's iconic pastel hues and delicate pinks.

From weddings to occasions

Explore a diverse range of wedding wear, occasion wear, and a captivating assortment of bags, accessories, footwear, and jewelry. With a strong presence both in India and overseas, the House of Anita Dongre boasts exclusive flagships in New York and Mauritius. Currently, the brand operates 286 exclusive stores, along with 789 multi-brand large format stores across 114 cities, totaling an impressive 1,075 points of sale.

Embrace uniqueness

Embrace the individuality of three distinct brands under the company's umbrella: AND, offering contemporary western-wear for women; Global Desi, a vibrant line of boho ensembles; and the Anita Dongre label, specializing in bridal wear and menswear.