26 May 2022, Mumbai:

The Fashion Design Council of India (FDCI) will organize a multi-designer physical event on July 22, 2022, in New Delhi to celebrate the 15th anniversary of India Couture Week.

ALSO READ FDCI X LFW next edition to be held October in Mumbai

India Couture Week was launched by the FDCI in 2008 in Mumbai.

Its debut event featured reputed designers like Anamika Khanna, Ashish Soni, JJ Valaya, Manav Gangwani, Manish Malhotra, Pallavi Jaikishan, Ritu Kumar, Rohit Bal, Suneet Varma, Tarun Tahiliani, and Varun Bahl.

RELEVANT NEWS FDCI x Lakme Fashion Week: R-Elan brought sustainable fashion

The event has helped Indian couturiers launch their collections internationally.

Names of designers participating in the latest event will be announced shortly. This will be followed by the next joint edition of FDCI X Lakme Fashion Week in Mumbai from October 12-16, 2022.

Join our community on Linkedin 

23 May 2022, Mumbai:

Revenge shopping will help homegrown footwear and apparel brand Woodland to grow over 20 percent and claw back to the pre-pandemic levels with a top line of over Rs 1,200 crore this fiscal, says Harikirat Singh, Promoter and Managing Director.

ALSO READ Woodland, a global footwear and clothing company, aims to reach Rs. 2,500 crore in sales by 2025

The New Delhi-based company -- which entered the country 25 years ago, is the market leader in the category, selling over 5 million pairs annually.

Owned by Aero Club, the privately-held Woodland closed FY22 with Rs 1,000 crore in revenues. The company sells its footwear mostly in premium athleisure range for outdoors, accessories -- including apparel and deos and men's personal wears through Woodland, and super-premium Wood labels through 500 company-owned-and-company operated exclusive stores and over 5,000 multibrand retailers.

RELEVANT NEWS Woodland to add new stores this fiscal

Almost 50 percent of the sales come from these exclusive stores, 20-25 percent from exports primarily to the UAE and other MENA markets, South Africa, Russia, and Canada' and the rest from other retailers, Singh said.

Before the pandemic, the company had 600 exclusive stores. It plans to add 20-25 stores this year.

Join our community on Linkedin 

31 May 2022, Mumbai:

Held over a course of five days, Lulu Fashion Week brought together over 40 brands in Kochi and organized around 30 fashion shows s to showcase summer fashions, increase brand visibility, and drive mall footfalls.

Organized by UAE-Based Lulu Group International, the fashion week ran from May 25 to 29 at Lulu Mall in Kochi.

RELEVANT NEWS  Lulu Group to set up malls in Karnataka 

The event was held in partnership with clothing brand Peter England and featured womenswear, menswear, and children’s wear.

Men’s western wear brand Oxemberg presented a collection of smart casual ensembles on the final day of the fashion week with bright shirts and tailored trousers.

Womenswear brand Only also showcased a range of western wear, with summery hues, printed dresses, and modern separates. Sin Denim was also on the bill on Sunday, presenting everything from distressed denim to dark wash.

ALSO READ  Language Store at Lulu Global Mall, Bengaluru

Other brands which participated in the fashion week included accessories brand Vip Bags, men’s, women’s, and children’s wear brand Classic Polo, western wear brand Crimsoune Club, womenswear brand Caprese Girl, and children’s wear brand Ruff Kids among others. Runway shows were held in front of a public audience and were also broadcast on Lulu Mall’s YouTube channel.

Join our community on Linkedin 

21 May 2022, Mumbai:

Gokaldas Exports is optimistic about the order book for FY23. The company continues to see growth opportunities, despite the expected uncertainty from a combination of headwinds and tailwinds.

For the January-March quarter (Q4FY22), Gokaldas Exports had reported the best quarterly performance driven by a growing order book and ability to weather supply chain disruptions.

ALSO READ Gokaldas Exports reports rise in net profit

The company’s consolidated profit after tax (PAT) more-than-doubled to Rs 61 crore in Q4FY22 as against Rs 16 crore in the corresponding quarter last year.

Its consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margin improved 170 bps QoQ and 365 bps YoY to 13.1 percent on account of positive operating leverage.

RELEVANT NEWS Gokaldas Exports shares witness record high upward trend, in one month

Revenue grew 58 per cent year-on-year (YoY) to Rs 588 crore, which was the highest quarterly revenue, as against Rs 373 crore in Q4FY21. Export revenue increased by 58.3 percent YoY. Deep engagement with key customers and augmentation of capacity enabled strong revenue growth, the company said.

The primary drivers of growth were robust capacity expansion and a rapid ramp-up of production. Increased volume, better product mix, and improved operational efficiency all contributed to a growing operating profit. The year's performance reflects a growing order book and the company's ability to weather production and supply chain disruptions, it added.

For the entire financial year 2021-22 (FY22), consolidated profit after tax (PAT) jumped 342 percent YoY at Rs 117 crore, while operational revenue grew 47.9 percent YoY at Rs 1,790 crore. Ebitda's margin expanded 270 bps to 12 percent from 9.3 percent in FY21.

Join our community on Linkedin 

27 May 2022, Mumbai:

ET Retai lplans to organize a series of Panel Discussions titled “Fashion Forward Series in partnership with Fashmates, a global leader in styling and outfitting content platforms.

These virtual discussions will bring together some of the most significant personalities in the Indian fashion retail industry, fashion influencers, technology solution providers, and industry experts.

The series would start with its first Panel Discussion on May 27, with the topic of discussion being “The Future of Fashion: Revamping Fashion Industry with CX Trends and Technology”

Retail fashion and e-Commerce are supplementing each other when it comes to delivering new trends directly to the consumer. The fashion industry is reaching new heights as e-Commerce has made Indian labels accessible to everyone.

Traditionally the custom-designed apparel markets cater to the needs of the consumers based in metropolitan cities but e-Commerce is democratizing this phenomenon by bringing the end customers to the chain and reducing the cost of store management and marketing.

Join our community on Linkedin 

21 May 2022, Mumbai:

Womenswear and accessories brand MoonRaylaunched its latest collection in Mumbai in collaboration with The Style Story.

MoonRay set up shop at the Peace Haven in Bandra to launch its spring/ summer 2022 collection of printed dresses, bold separates, and crochet creations.

ALSO READ MoonRay launches new footwear range

The Style Story pop-up concept was designed to give Mumbai’s shoppers the opportunity to discover new brands and it showcases numerous up-and-coming labels in Mumbai.

MoonRay’s new collection was designed mindfully to create a free-spirited and conscious fashion line that speaks the language of art, innovation, and compassion.

The brand has sought sustainable materials from its launch and uses upcycled fabric scraps and waste-minimizing manufacturing techniques.

RELEVANT NEWS MoonRay to organize pop-up shop in New Delhi

Half of the womenswear brand Jade by Monica and Karishma, KarishmaSwali, launched MoonRay with her daughter Avantika in December last year.

The brand targets a millennial and Gen Z audience and is positioned in the bridge-to-luxury segment of the market.

The brand also donates 50 percent of its proceeds to support children’s education and animal welfare through NGOs, according to its website.

Join our community on Linkedin