21th August 2021, Mumbai:

Metro Brands Ltd, a footwear retailer, has filed initial documents with Sebi, the capital markets regulator, to acquire money through an initial public offering (IPO).

As per the draught red herring prospectus, the IPO would include a fresh issuance of equity shares worth Rs 250 crore and an offer-for-sale (OFS) of 21,900,100 equity shares by selling shareholders (DRHP).

A pre-IPO investment of up to Rs 10 crore would be considered by the firm. The size of the new issue will be lowered if this placement is finished.

The proceeds of the new issuance will be used to fund expenses for the company's new stores under the "Metro," "Mochi," "Walkway," and "Crocs" brands, as well as general business reasons. The Indian footwear store, funded by ace investor Rakesh Jhunjhunwala, is aimed at the economy, mid, and luxury sectors of the market. The firm established its first Metro store in Mumbai way back in 1955 and has since developed into a one-stop-shop for all footwear requirements, selling a broad selection of branded items for men, women, unisex, and children, as well as for any occasion including casual and formal occasions. 

 https://www.linkedin.com/feed/update/urn:li:activity:6834821169129033728

As of March 20, 2021, the firm had 586 shops in 134 cities throughout 29 Indian states and union territories. Merchant bankers Axis Capital, Ambit, DAM Capital Advisors, Equirus Capital, ICICI Securities, and Motilal Oswal Investment Advisors have been mandated to assist the business on its initial public offering.

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16th August 2021, Mumbai:

The latest collaboration between fashion designer Sabyasachi Mukherjee and H&M has gotten mixed reviews. Many people thought the selection was expensive, with a cotton saree for Rs 9,999 attracting the most attention.

However, the collection was quickly sold out. In response to the feedback, the designer recently released a statement explaining why he decided to take on the project. Sabyasachi's formal statement was posted on Instagram. “After receiving thousands of emails and letters, I felt compelled to address the disappointment that many of you have experienced,” he said.

“When H&M initially approached me with the concept of the collaboration, I was really pleased that I could finally reach out to the huge Sabyasachi tribe globally, even if it was just for this once,” the designer said of his choice to partner with H&M. I knew they had the resources and connections to pull it off. And then it occurred.” Sabyasachi described the partnership as a "dream come true" for him. “I was extremely explicit and adamant that there would be no VIP previews or exceptions–everyone would have equal access to the collection.” What better way to do it than on the internet?” The response was not just "overwhelming," but "simply puzzling," according to the designer. 

“It wasn't just about how soon it sold out in India; it was about how quickly it sold out globally. And, like the majority of you, I had to deal with obstinate carts and crushing applications... I understand that many people are dissatisfied, and I apologize profusely.

I'm certain that I'll be able to develop a future business strategy that meets this need.” “My pet gripe was that we were labeled a manufacturing country globally,” he continued. I've always wanted to shatter the glass ceiling on my own terms... Every single one of us has a market-ready product, and the key to unlocking it is to just be ourselves. Regardless of who you are. Shamelessly.”

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18th August 2021, Mumbai:

Nykaa, an India-based multi-brand cosmetics and fashion store, will conduct an initial public offering (IPO) later this fiscal year with a valuation of US $ 4.5 billion, a significant increase from its previous valuation of over US $ 3 billion.

A jump in sales and profit, owing to a large increase in people buying online during the COVID-19 epidemic, has boosted the retailer's total worth.

Nykaa, India's top player in the market, has submitted a regulatory filing with the SEBI, indicating that it wants to sell up to 43 million shares for 5.25 billion rupees (about $70.8 million).

Nykaa, India's largest omnichannel marketplace for women, was founded in 2012 and has around 15 million registered members. A total of 1.5 million orders are processed each month by the cosmetic shop. Since its start, Nykaa has expanded its offerings to include men's, luxury, and private label beauty verticals, as well as fashion, jewelry, and home décor items.

Nykaa is one of the rare start-ups to file for an IPO after reporting a profit, and its registration with the SEBI is being hailed as a watershed moment for Indian markets. Nykaa is also one of the few Indian firms managed by a woman, Falguni Nayar, a banker-turned-entrepreneur and the company's Founder and Chief Executive Officer.

Despite the epidemic, Nykaa's approach is viewed as opportune by industry observers in a market dominated by global companies — US e-commerce giants Amazon and Walmart-owned Flipkart, as well as Sephora in brick-and-mortar.

https://www.linkedin.com/feed/update/urn:li:activity:6833747731354320896

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13th August 2021, Mumbai:

This Chinese high profile show has been recently been postponed to October 9-11, 2021 due to spike in Covid-19 cases both back home in China globally as precautionary measures. 

"The safety of all exhibitors and visitors of CHIC is our top priority stated the organisers recently,Chen Dapeng, president of China National Garment Association and CHIC - China International Fashion Fair.

 

The existing status is that the fair has been taking place physically since July 2020. Touted to be the most vital one single poit 'Meeting Place for the fashion industry in China'. It was some around 500 brands from the Chinese fashion market, had registered prior to the postponement of show at the August event and historically close to 60,000 visitors were expected to attend.

 WATCH: https://www.youtube.com/watch?v=4ayc0LEiZRo

(In sync with the mega trend of the Post Covid World).....In addition to physical version, CHIC has curated & introduced solutions for digital participation  via the CHIC digital platforms, as well as a bunch of innovative hybrid options that proficiently combine in synergistic fashion digital communication and product presentation

 https://www.linkedin.com/feed/update/urn:li:activity:6831915727222566912

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