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Apparel 28-05-2022

Forever 21 opens flagship store in Hyderabad

27 May 2022, Mumbai:

Los Angeles-based Fashion Brand Forever 21, based in Los Angeles has launched its flagship store at the Sharat City Mall in Hyderabad.

The clothing brand operates as a licensee brand of Aditya Birla Fashion retail limited in India and the SAFTA countries. Its new store offers the latest global trends in comfort clothing.

RELEVANT NEWS Forever 21 opens new store in Delhi

Spread across 4,218 sq. ft. at Sarath City Capital Mall, the store presents trending styles featuring women wear collection including fitted dresses, bodysuits, super crops, co-ords, jackets, satin and handkerchief tops, pop-colored accessories, and footwear and menswear collection ranging from graphic tees, cargoes, denims, shorts, and printed shirts.

ALSO READ Forever 21,the US retailer CEO steps down

MukeshSoni, Business Head (India), Forever 21 says, Forever 21 brings the newest runway and catwalk trends from Los Angeles to young fashionistas at Forever 21’s hallmark ‘sweet prices.

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Apparel 28-05-2022

Forever 21 opens flagship store in Hyderabad

Navyasa by Liva launches marketing campaign for new sarees collection

27 May 2022, Mumbai:

Navyasa by Liva, the New Age sari brand from the Aditya Birla Group has launched a new marketing campaign featuring Bollywood Deepika Padukone.

ALSO READ NAVYASA BY LIVA’S New Campaign #FREETOBE Onboards Deepika Padukone

Focusing on the theme #freetobe, the campaign highlights the brand’s aim on the perception of saris amongst Indian women.

As per a Textile Value Chain report, the new collection offers vibrant and chic designs for modern women.

Developed by designers Abir and Nanki along with the internal design team at Liva, the range uses soft and flowy fabrics to allow effortless movement.

RELEVANT NEWS Navyasa by Liva opens fifth store in Mumbai

Rajnikant Sabnavis, Chief Marketing Officer, Grasim Industries-Pulp and Fibre Division says, Navyasa by Liva redefines the sari category to beautifully capture the essence of modern Indian women. The campaign represents how a sari is breaking stereotypes with its fluid, breathable and comfortable fabrics like Liva Crepe and Satin. The Navyasa by Liva collection offers contemporary saris to empower women to move around with spirited optimism and #freetobe in their element.

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Apparel 27-05-2022

Navyasa by Liva launches marketing campaign for new sarees collection

Almo, D2C Men’s Innerwear brand raises $2mn in pre-Series A round led by Inflection Point Ventures

26 May 2022, Mumbai:

D2C Men’s Innerwear brand Almo raises $2mn in pre-Series A round led by Inflection Point Ventures

● Funds raised will be used to strengthen its branding and marketing, along with its R & D lab, for an innovative and viable product range

● The company plans to clock Rs 100 crore in revenues by this year's end

● Almo retails sustainable essential wear for men

● IPV has so far invested Rs. 400 crore across 120+ deals

ALSO READ Shoppers Stop plans new D2C acquisitions

Almo, a fast-emerging D2C brand in the men’s premium essential wear space, has closed its pre-Series A funding of $2mn led by Inflection Point Ventures along with LetsVenture, AngelList India, and leading angels from the industry.

Almo intends to bolster its branding & marketing efforts along with setting up its state-of-the-art R&D lab to continue innovating on sustainable product lines.

Abhishek Shah, Co-Founder & CEO said “Almo’s vision is to be the one-stop essentials’ destination for the evolved man, led by product innovation and customer obsession. We are thrilled and look forward to the partnership with IPV in this phenomenal journey, and we are just getting started!

We have always followed a lean approach to scale with positive unit metrics, with this funds infusion we plan to continue strengthening our team & brand to scale across various online marketplaces, though D2C continues to be our primary channel which has been an edge against the traditional incumbents.

RELEVANT NEWS Aditya Birla Fashion and Retail (ABFRL): To consolidate D2C play eyes at multiple digitally native brands

It also plans to explore international markets this year via Amazon's Global Selling Propel Accelerator program access!”

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “Almo with its clear vision to make premium sustainable men’s essential wear is deep-rooted in consumer engagement via a digital-first approach, has a great potential to bridge the gap in the market. With the growing need and evolving market, IPV aims to extend its expertise to strengthen the brand’s sustainable and innovative Men’s product line.

Additionally, IPV looks forward to scaling its primary market and helping them tap the global market in the near future. Launched in June 2020 by Abhishek Shah, Muskaan Jain, and Chhavi Bhardwaj, Almo is bringing the Italian seamless designs & sophistication to the Indian men's closet at the right price point.

With sustainability as one of the core ethos, the brand offers minimalistic designs through a range spanning underwear, topwear, loungewear & winter wear. The brand has grown tremendously in terms of revenue and offerings in a short time since its inception and aims to cross Rs 100cr revenue by year-end.

Almo also plans to strengthen its 30+ people team with strategic hirings across key areas to lay the foundation for the long-term scale-up opportunities. With a focus on bringing an elevated experience to the new-age digital users, Almo is constantly iterating its product to solve the consumers’ problems of accessing premium quality essentials wear with the right style & comfort balance delivered seamlessly.

ALSO READ D2C brands to drive India’s retail market growth as big players enter the space

From launching with innerwear in 2020 to having a broader range of loungewear & winterwear, Almo has been making everyday premium essential wear with a modern twist.

The team is driven to imbibe sustainability in every part of the value chain to make a long-term positive impact.

About Almo, Almo is a fast-emerging D2C men’s premium essential wear brand that aims to fulfill the aspirations of evolved Indian men to upgrade to international style, quality, and trends. Inspired by the Italian minimalist style ethos, Almo’s products are crafted with environmentally friendly, sustainable fabrics for superior comfort and functionality.

Their range includes underwear, topwear, loungewear, and winter wear. About Inflection Point Ventures Inflection Point Ventures is an angel investing platform with over 7000 CXOs, HNIs, and Professionals to together invest in start-ups. The firm supports new-age entrepreneurs by providing them monetary & experiential capital and connecting them with a diverse group of investors.

Starting in 2018 IPV believes that ‘Everyone can Grow with Start-ups.’

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Apparel 26-05-2022

Kitex Garments’ Q4FY'22 results reported

21 May 2022, Mumbai:

The Q4 net profit of Kitex Garments increased by 434 percent to Rs 44 crore ($5.7 million) as against a net profit of Rs 8 crore it reported in the year-ago period.

*As per a Fashion Network report, the company’s revenue for the quarter rose by 127 percent to Rs 254 crore, as against Rs 112 crore in the corresponding period of the previous fiscal year.

ALSO READ Kitex Garments: Reports Q3 FY22 results

For the full financial year, the company’s net profit rose by 130 percent to Rs 125 crore as against Rs 54 crore during the previous year ended March 2021. Kitex’s sales rose by 73 percent to Rs 788 crore during the year, as against Rs 455 crore it posted in the previous year ended March 2021.

RELEVANT NEWS Kitex Garments' revenue increased by 69% in the third quarter

According to Sabu M Jacob, Chairman, and Managing Director, Kitex Garments, says, strong growth access to the infants' garments segment despite the inflationary trends in materials costs helped the company achieve record turnover and higher profits.

Kitex Garments is one of the leading manufacturers of kid’s apparel and engages in contract manufacturing for private labels such as Jockey, Carter, Babies R Us, Gerber, Mothercare, etc.

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CREDITS: *A Fashion Network report.

Apparel 21-05-2022

Kitex Garments’ Q4FY'22 results reported

Khadim India Q4 FY'22 results reported

27 May 2022, Mumbai:

Khadim India’s revenue declined 41 percent to Rs 159 during the fourth quarter ended March 2022 as against Rs 273 crore revenues it posted in the corresponding quarter of the previous fiscal year.

ALSO READ Khadim India’s Q3FY22 results

*As per a Fashion Network report, the net profit of the company declined to Rs 3 crore during the quarter as against a net profit of Rs 11 crore it reported in the year-ago period.

For the financial year 2021-22, the company reported a net profit of Rs 6 crore while its revenue for the year stood at Rs 607 crore.

In its earnings report, the company attributed the drop in revenue and profit to COVID-19 disruptions caused during the first half of the year.

RELEVANT NEWS Khadim India targets Rs 650 crore revenues FY'22

However, Khadim’s sales rebounded during the last two quarters, and it expects growth momentum to continue going forward on the back of its retail expansion.

Khadim expanded its retail presence during the year by increasing its store count to over 780.

It plans to strengthen its retail presence further during the current financial year.

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CREDITS: *A Fashion Network report.

Apparel 27-05-2022

Aditya Birla Fashion and Retail: Sandeep Pal's journey to success

26 May 2022, Mumbai:

From a Manager to becoming the CEO. Sandeep Pal's journey to success is truly inspiring for everyone!

Having joined Pantaloons as a manager in the CEO's office in 2009, he firmly believes that experiments and risks are the keys to a successful business and that your peers are crucial in supporting your growth. True to his faith in #ABFRL, he received all the support and motivation required to achieve his true potential and rise to the ranks as the CEO of Tasva.

ALSO READ Aditya Birla launches ‘Tasva’ a brand with Tahiliani

About Aditya Birla Fashion and Retail Ltd. (ABFRL)

It emerged after the consolidation of the branded apparel businesses of Aditya Birla Group comprising ABNL's Madura Fashion division and ABNL's subsidiaries Pantaloons Fashion and Retail (PFRL) and Madura Fashion & Lifestyle (MFL) in May 2015. Post the consolidation, PFRL was renamed Aditya Birla Fashion and Retail Ltd.

Aditya Birla Fashion and Retail Limited is part of a leading Indian conglomerate, The Aditya Birla Group. With revenue of Rs. 5,249 cr. spanning retail space of 8.4 million sq. ft. (as of March 31, 2021), it is India’s first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats.

RELEVANT NEWS Aditya Birla Fashion & Retail (ABFRL)’s: New age digital brands to contribute constructively to its revenue in 5 years

The Company has a network of 3,212 stores across approximately 31,000 multi-brand outlets with 6,800+ points of sales in department stores across India (as of 31st March 2021). It has a repertoire of leading brands such as Louis Philippe, Van Heusen, Allen Solly, and Peter England established for over 25 years. Pantaloons is one of India’s largest fast-fashion store brands.

The Company holds exclusive online and offline rights to the India network of California-based fast fashion brand Forever 21.

The International Brands portfolio includes - The Collective, India's largest multi-brand retailer of international brands, Simon Carter, and select mono-brands such as American Eagle, Ralph Lauren, Hackett London, Ted Baker, and Fred Perry. Van Heusen Innerwear, Athleisure, and Activewear are establishing itself as India's most innovative and fashionable brand.

The Company’s foray into branded ethnic wear business includes Jaypore and strategic partnerships with Designers Shantanu & Nikhil’, ‘Tarun Tahiliani’ and ‘Sabyasachi’.

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CREDITS: ABFRL Linkedin (The news article has not been edited by DFU Publications staff).

Apparel 26-05-2022

Aditya Birla Fashion and Retail: Sandeep Pal's journey to success

Cute Dress Industry Ltd. is now UK Brand NEXT approved factory

21 May 2022, Mumbai:

ABOUT COMPANY

Sheikh H M Mustafiz, Managing Director is the founder and dreamer of Cute Dress.

He is a passionate change maker of Bangladesh's ready-made garment (RMG) industries to top-notch niche manufacturer instead of a bottom of the pyramid manufacturer.

ALSO READ Consumers look to buy cheap garments from Bangladesh

Back in 2003, he started his own business and established his connection in Nordic countries. Currently, Cute Dress is exporting to more than 40+ high-end brands in Denmark, Sweden, Norway, Germany, Canada, the USA, Japan, Australia, and a few other countries.

Cute Dress is mainly producing circular knitwear for high-end and niche brands which has higher value and quality. Cute Dress can handle small orders in a very efficient way. The workforce is skilled and passionate about getting the tasks done with the highest level of standard. It runs on the whirlpool of the experienced management team.

RELEVANT NEWS Bangladesh likely to set an export target of $100 bn in the next 10 years

NEXT plc is a United Kingdom-based retailer, which offers clothing, footwear, accessories, beauty, and home products. The Company's segments include NEXT Online, NEXT Retail, NEXT Finance, NEXT International Retail, and NEXT Sourcing.

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CREDITS: Cute Dress Industry Ltd Linkedin (The news article has not been edited by DFU Publications staff).

Apparel 21-05-2022

Vertical Knits Adopts Coats Digital’s FastReactPlan

27 May 2022, Mumbai:

Vertical Knits Adopts Coats Digital’s FastReactPlan to Meet Increased Volume and Order Complexities Due to Rapidly Changing Consumer Demands. FastReactPlan was chosen to digitize manual planning processes and provide a unified version of the truth to reduce raw material inventories and costly manufacturing variances in order to effectively meet more challenging customer requirements.

ALSO READ Coats: Sustainability Report 2021

Coats Digital is delighted to announce that leading sports apparel manufacturer, Vertical Knits SA de CV, has selected Coats Digital’s FastReactPlan solution to digitally transform its manual planning processes into a unified single view, so that the company can optimise production processes, significantly reduce waste, promptly accommodate unexpected style changes and rapidly respond to emerging new consumer trends.

Established in 2003, Vertical Knits, S.A. de C.V. is a vertically integrated apparel manufacturer specialising in the full packages for renowned global athletic and lifestyle brands, such as Nike, Converse, VF Corporation, Tommy Hilfiger, Lacoste, and Fanatics. With factories in Baca and Tizimin Yucatán, in Mexico, Vertical Knits employees over 3500 people in the region exporting to more than 21 countries.

A Nike supplier, Vertical Knits has baked-in sustainability targets at every step of the production process to ensure the safest working conditions and highest environmental standards are met with regards to water waste and energy reduction. It is Fair Trade certified and has secured the Global Recycled Standard, Global Organic Textile Standard, and Better Cotton Standard.

RELEVANT NEWS Coats is scaling up its circular solution: Cooperation at the garment design stage is the way to go

The company also works with Roadmap to Zero, the Higg Index, Social & Labor Convergence, and the Global Reporting Initiative, among many others, to actively support sustainability and corporate social responsibility drives worldwide.

Jorge Eduardo Kuri, CEO of Vertical Knits, said: Digitizing our company is much more than simply implementing a software solution. We also needed robust industry expertise to support a successful implementation and provide exemplary staff training so that the technology delivers benefits from go-live.

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Apparel 27-05-2022

Vertical Knits Adopts Coats Digital’s FastReactPlan

Malls rents increase 15% as retail sales surge across categories

Resurgence in retail business is leading to top malls demanding 15 per cent higher than pre-COVID level rents. Many top-tier malls in India have raised rents for tenants especially for categories in demand like consumables. Mall rents across categories like beauty, cosmetics, electronics and fashion have increased 10-15 per cent from 2019-20 levels. As sales in certain malls in Delhi, Mumbai and Bengaluru have grown sharply, their rents too have picked up, says Pankaj Renjhen, Chief Operating Officer and Joint Managing Director, Anarock Retail.

DLF Malls’ properties have increased rents by almost 20 per cent. The company also signed 130 new leases during the pandemic, says Pushpa Bector, Executive Director, DLF Retail. During the 12-18 months of COVID-19 period, malls had put the 15 per cent rent hike, effective every three years, on hold. However, with that period ending now, all concessions have been withdrawn, says Mukesh Kumar, Managing Director and Chief Executive Officer, Quest Properties India and Chairman, Shopping Centres Association of India.

Rental agreements signed at pre-COVID rates

Retailers are signing new rental agreements at pre-COVID rates, and with 10 per cent addition in some cases, explains Kumar. With retailers’ revenues increasing by 20 per cent compared to pre-pandemic times, malls are also increasing rents by the same rate, points out Sidhant Keshwani, CEO and Managing Director, Libas.

As per the Retailers Association of India, retail sales increased 23 per cent in April this year from pre-pandemic levels of April 2019. Revenues of quick service restaurant chains grew 45 per cent during the month from pre-pandemic levels. They were followed by electronics, consumer appliances, sports goods and apparel retailers.

Retailers base new agreements on market and mall conditions

Mall rents recovered to almost 85 per cent of pre-COVID levels during October-December quarter. However, they declined 25 per cent in January-March quarter due to the third wave of pandemic, reveal ICRA’s figures. Though business has since rebounded, mall owners continue to follow previously signed leases for existing tenants. They are calculating rents for new tenants on the basis of market and mall conditions, informs Abhishek Bansal, Executive Director, Pacific Group, which operates malls in Delhi-NCR.

Apparel 25-05-2022

Malls rents increase 15% as retail sales surge across categories

Linen Club: Latest offering LINEN CLUB WOMAN

20 May 2022, Mumbai:

Company's latest offering LINEN CLUB WOMAN. - a ready-to-wear collection of linen garments.

Its DYNAMIC, BEAUTIFUL, ELEGANT and NATURAL collection brings all the magical properties of linen in the most versatile and timeless designs to create a range company is truly proud of.

ALSO READ Aditya Birla Group to launch linen blended fabric

ALL-NEW WOMENSWEAR COLLECTION - GET PASSION READY.

Women Of Passion#FeelsLikePassion..Shop Our Latest Ready-To-Wear Womenswear Range.

RELEVANT NEWS LinenVogue la classè opens India’s largest showroom of European linen fabrics

About Company At our manufacturing plant, JayaShree Textiles, it has taken multiple steps to ensure a truly sustainable product offering.

It has innovated on this sustainable fabric through our Wealth-Out-Of-Waste (WOW) programme. It upcycles flax waste to create blended yarn and linen-rich fabric blends, as well as ready-to-wear apparel.

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CREDITS: Linen Club Linen Club (The news article has not been edited by DFU Publications staff).

Apparel 20-05-2022

Linen Club: Latest offering LINEN CLUB WOMAN

Fabricoz to expand business globally

26 May 2022, Mumbai:

Online ethnic wear brand Fabricoz aims to expand operations globally.

The brand plans to capture Indian consumers residing in the US, Canada, and Australia.

Incepted six years ago, the online brand allows users to customize Indian outfits from the comfort of their homes through e-commerce and offer an unmatched personalized experience.

ALSO READ Fabricoz expands business to other countries

The online store can be accessed through a browser on a smartphone or computer. The brand has released an Android app on Play Store and iPhone app on Apple App Store for their US and Australian online stores.

Fabricoz offers a unique blend of traditional and new-age fashion wear and a wide but selective range from saris, salwar, Anarkali suits, lehenga cholis, and Indian jewelry, both from Indian Pakistani designers.

It provides customers with 100 percent original brands to ensure they get the best quality products.

RELEVANT NEWS Markets and research report: Apparels & fashion were the most popular categories for Europe’s online shopping in 2020

Indian clothing items and Pakistani dresses on the platform are available in various fabrics like velvet, cotton, silk, georgette, and chiffon with elaborate hand and embroidery work, including zari, beads, stone works, thread works, embroidery, etc.

Fabricoz is a trusted, easy-to-use, and loved Indian wear online shopping store for Indian and Pakistani clothes.

Fabricoz’s online store is optimized with state-of-art technology, enabling users to customize their dresses through a virtual interface and custom size forms. It allows them to choose and request any changes they like compared to the model photos shown to them for the products.

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Apparel 26-05-2022

Taiwan Excellence’s Webinar-Smart Tech, Smart Clothing

24 May 2022, Mumbai:

Taiwan Excellence’s "Smart Tech, Smart Clothing" Webinar Highlights Innovations from Taiwan for the Outdoor Industry.

May 26th virtual event offers buyers a first look at smart wearables for outdoor sports and fitness.

ALSO READ Future outlook for wearables strong as demand from smaller cities grows

Outdoor Retailer Summer Show — Wearable devices, once a novelty, are today a "must-have," thanks in part to a heightened focus on healthful living and growing comfort with technology. Now, wearables combined with smart textiles — "smart wearables"— are the upcoming hot items in the outdoor industry.

RELEVANT NEWS

Taiwan Excellence — the symbol encapsulating Taiwan’s best and most innovative products — will host a "Smart Tech, Smart Clothing: Innovations from Taiwan for the Outdoor Industry" webinar on May 26 to showcase and familiarize buyers with the country’s cutting-edge "smart wearables" designed for outdoor sports and fitness.

Tune into Taiwan Excellence’s "Smart Tech, Smart Clothing: Innovations from Taiwan for the Outdoor Industry" online webinar on Thursday, May 26.

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CREDITS: Finance.Yahoo (The news article has not been edited by DFU Publications staff).

Apparel 24-05-2022

Taiwan Excellence’s Webinar-Smart Tech, Smart Clothing

YKK Digital Showroom Links Digital and Real Worlds

20 May 2022, Mumbai:

YKK Digital Showroom Links Digital and Real Worlds - Company Marks One Year Anniversary of New Communication Platform.

Taking the real-world YKK London Showroom in England as inspiration, the YKK Digital Showroom is an online space that consists of six virtual floors showcasing company products from zippers and buckles to hook & loop fasteners, snaps and buttons, and more.

ALSO READ YKK Announces New Collection of Recycled Zippers

Since its opening in April 2021, the space has continued to grow with new content such as product information, product development stories, and customer feedback, and language support in Japanese, English, and Chinese.

It has received over 470,000 visitors from Japan and around the world.

RELEVANT NEWS YKK(R) Touchlink™ Fastener to be Featured Across ARTILECT’s F/W 2022 Collection

With content that includes region-specific products from Europe and the U.S., China, and Japan, a chance to experience the wearable TouchLink® zipper pull with a built-in NFC chip, sustainability stories, and more, the showroom provides information of interest to customers that go beyond just product information.

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Apparel 20-05-2022