22 April 2022, Mumbai:

Campus Activewear plans to launch an IPO on April 26 to sell up to 4.79 crore shares by its existing shareholders and promoters.

ALSO READ SEBI approves Campus Activewear’s new IPO

The company is owned up to 80 lakh shares by Hari Krishna Agarwal, up to 45 lakh shares by Nikhil Aggarwal, 2.91 crore shares by TPG Growth III, 60.5 lakh shares by QRG Enterprises, 1 lakh equity shares by Rajiv Goel, and 2 lakh shares by Rajesh Kumar Gupta.

The company will finalize the allotment of these shares on May 4, and initiate refunds or unblocking of funds from the ASBA account on May 5.

RELATED NEWS Footwear brand Campus plans IPO

The equity shares will be credited to the depository accounts of allottees on May 6.

Having 100 exclusive brand stores, Campus Activewear currently owns a 17 percent share in India’s branded sports and athleisure footwear market.

The company benefits from the grant of 100 percent FDI for leather products manufacturing via an automatic route.

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19 April 2022, Mumbai:

The new brick-and-mortar store of fashion and lifestyle brand Nicobar in Bengaluru will house its selection of men’s and women’s wear as well as its accessories and home décor lines.

The store launched the brand’s latest gold jewelry collection of talismans, earnings, and pendants. The jewelry items feature seed pods, flower buds, and spices.

ALSO READ January retail sales restricted to 91 per cent of pre-pandemic levels: RAI

The store also launched the brand’s apparel collection of pink blossom-inspired shirts and loose separates.

With a bright, white interior, the store reflects Nicobar’s modern, pared-down take on Indian design heritage. Its lush greenery and well-designed segments suggest ways of styling products.

RELATED NEWS Retailers across India on an expansion drive as sales surpass pre-COVID levels

Founded by Simran Lal and her husband Raul Raj, Nicobar retails from its pan-India store network as well as its dedicated e-commerce store. Starting as a clothing, jewellery, and accessories label, Nicobar expanded into homeware in 2020.

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14 March 2022, Mumbai:

Metro Brands has launched an athleisure range titled ‘Activ’ for everyday life.

Available for both men and women, the new range makes weekdays fun while also sprucing up weekends activities like jogging, walking, cycling, or even playing with the kids.

ALSO READ: Global Athleisure Market (2021-2026)

The range is available in a variety of colors like black, grey, olive, green, and pastel blue and pink. It is also available in a range of styles like slip-on, lace knitwear, premium knitwear, zigzag heels, and cushion soles.

All ‘Activ’ footwear is embedded with anti-skid rubber pods, insole memory foam, engineered mesh design and is created to provide consumers with a mix of utility and fashion. The range is available in 150 Metro and Mochi stores across India.

An unlisted public company, Metro Brands was incorporated in 1977.

It is classified as a public limited company and is located in Mumbai City, Maharashtra.

The brand offers occasion, formals, casuals, parties, weddings, ethnic, and sports footwear for women.

RELATED ARTICLE Metro Brands: To Expand Product Line

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21 April 2022, Mumbai:

Three years after setting up a fully-owned subsidiary in India, sports apparel manufacturer, Under Armor has launched its distributor model in the country.

The Baltimore-based company has appointed a company launched by Tushar Goculdas, Underdog Athletics as its local distributor and master franchisee.

ALSO READ Under Armour India's MD takes over its local ops

Underdog Athletics was launched in April 2021 to prepare for the takeover.

Off late, Under Armour has been expanding its distribution network across the world including countries in the Southeast Asian region, South Africa and Japan.

RELATED NEWS Forever New India: Shivani Goel As VP- Mktg Appointed

India is the latest entrant to this list.

Under Armour operates 28 franchisee-owned and operated outlets in India and plans to continue adding about 10 stores a year in the coming years.

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17 February 2022, Mumbai:

India’s leading footwear company Khadim achieved steady revenue growth in Q3 FY22. Revenue from operations grew by 14 per cent Q-o-Q and 6 per cent y-o-y to Rs 1,850.40 million during the quarter.

Profit before tax grew by 5.5 per cent to Rs 101.36 million compared to a profit of Rs 61.97 million in Q2FY22 and a profit of Rs 34.97 million in Q3FY21.

The brand saw a good festive season this financial year by introducing trendy, edgy and vibrant product lines.

New products across the sports, PU and Hawai categories helped it boost distribution network. Khadim also introduced a digitally focused marketing strategy during the festive season.

Aimed at the youth with numerous regional celebrities, the #AbarPujoyJustKhadim and #DilMeinDiwaliAurPaironMeinKhadim campaigns enabled the brand to re-establish its strategy to gain a TOPM recall of youngsters, says Namrata Chotrani, CEO, Khadim India.

The brand also strengthened its retail presence in Tier II and III cities by 21 new retail stores during the third quarter taking the total retail presence to 768 stores.

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20 April 2022, Mumbai:

Luxury handbag brand Tiger Marron has launched a new collaborative collection of bold bags titled ‘Tiger Fish’ with jewelry artist Nitya Arora.

The collection blends Tiger Marron’s leather craftsmanship with Nitya Arora’s intricate jewelry designs.

It features bags for both day and night.

ALSO READ Baggit launches new digital campaign

Inspired by the aquatic theme, the bags are shaped like different types of shells and have been launched in pastel and pop-art hues.

The brand gives a whimsical name to each bag in the collection.

It includes a ‘Bow Me’ tote bag in magenta with lime green accents along with the ‘Iconic Shoulder Bag’ in vibrant Kelly green.

RELATED NEWS Aranyani, Luxe handbag label launched in NY

The collection is being sold on the Tiger Marron e-commerce store to both Indian and international shoppers.

Established in New Delhi in 2018 by Sahil ‘Tiger’ Nandrajog, Founder and CEO, the brand uses biodegradable leather in its collection.

The label has also launched a vegan accessories range.

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14 April 2022, Mumbai:

The Khadi and Village Industries Commission (KVIC) plans to sell 'Made-in-Varanasi' Pashmina products for the first time ever through its showrooms, outlets, and e-commerce store.

Vinai Kumar Saxena, Chairman, KVIC launched the new product range during an event in the city. The Pashminas are made by Khadi weavers in Varanasi.

ALSO READ Khadi and Village Industries Commission (KVIC): 7-decades-old 'Khadi Emporium' prohibited for selling fake Khadi products

Their manufacturing increases Varanasi’s Khadi turnover by around Rs 25 crore. The project will also create improved employment opportunities for Varanasi’s weavers who will be able to earn around Rs 1,300 for weaving a Pashmina.

KVIC has also opened a new Pashmina wool processing unit in Leh-Ladakh.

The KVIC is charged with the planning, promotion, organisation and implementation of programs for the development of Khadi and other village industries in the rural areas in coordination with other agencies engaged in rural development wherever necessary.

RELATED NEWS KVIC Reserve Fund saves Khadi institutions form raw cotton price hike

Its functions also comprise building up of a reserve of raw materials and implements for supply to producers, creation of common service facilities for processing of raw materials as semi-finished goods, and provisions of facilities for marketing of KVIC products apart from organisation of training of artisans engaged in these industries and encouragement of co-operative efforts amongst them.

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10 February 2022, Mumbai:

Nykaa’s consolidated net profit in December quarter declined 59 per cent to Rs 28 crore from Rs 69 crore posted in corresponding quarter previous fiscal.

The company’s profit after tax more than doubled from Rs 12 crore reported in the previous September quarter. Revenue from operations rose 36 per cent to Rs 1,098 crore in the reporting quarter as compared to Rs 808 crore in the corresponding quarter of last year.

The beauty company's expenses soared 47 per cent to Rs 1,067 crore during the December quarter when compared to Rs 727 crore in the year-ago period.

ALSO READ: Nykaa Fashion introduces 'IYKYK' an accessory label of bags & footwear to customer delight 

The consolidated GMV (gross merchandise value) grew 26 per cent sequentially and 49 per cent year-on-year to Rs 2,043 crore in the third quarter, supported by strong operational metrics.

Growth in beauty business accelerated in a relatively normalized COVID environment, with a strong revival in the cosmetics category.

Nykaa experienced one of its strongest quarters ever as it continued opening new stores in line with larger omnichannel vision.

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*Figures mentioned in the above article have been sourced from ET article. 

20 April 2022, Mumbai:

One of the largest footwear manufacturers in India, Walkaroo International is aiming for Rs 2,300 crore in revenue in the coming years.

In 2022, the company’s revenues grew by 20 percent to Rs 1,850 crore.

READ MORE ICRA: Footwear industry revenues to keep growing till 2023

The growth was achieved despite the closure of many brands’ units and stores due to the pandemic.

Wallaroo also plans to set up a new production plant in Rajasthan with an investment of Rs 75 crore.

The plant will produce over one lakh pairs per day with an initial capacity being 60,000 pairs a day, says V Noushad, Managing Director.

RELATED NEWS High footwear prices compelling buyers to defer purchases: Walkaroo International

Currently, the company has 12 units across the country.

It plans to set up a unit in Africa soon besides expanding its plant in Bangladesh, adds Noushad.

The brand has exclusive outlets and sells through distributors and retailers across the country.

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09 February 2022, Mumbai:

To be held from March 23 to 25, the 2022 edition of India Fashion Forum (IFF) will focus on clothing and lifestyle brands that make a difference in society.

The event will be attended by 100 delegates participating in a range of interactive seminars and talks at the March edition.

It will be organized by Multimedia in partnership with clothing brand Being Human.

Speakers will include Lalit Agarwal, Managing Director, V-Mart Retail; Vineet Gautam, CEO and Country Head, Bestseller India; and Kunal Malia, Co-Founder, StyleNook.

IFF will also include the India Brand Show ’22 which will showcase latest and upcoming products from leading fashion and lifestyle brands presented in a sophisticated, customer-centric environment.

Previous editions of IFF were held in Mumbai and Bengaluru. This edition, the event will also run alongside the Customer Experience Forum which will focus on customer experience in retail.

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*Figures mentioned in the above article have been sourced from Fashion Network article.