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Aastey: Partners with Climes

09 August 2022, Mumbai:

aastey partners with Climes to build a sustainable future together The brands aim to merge similar visions of making a tangible impact on the planet.

aastey activewear, India's first sustainable & size-inclusive activewear brand for women, is pleased to announce a partnership with Climes. This climatetech company provides carbon neutralisation as a service for consumer brands.

ALSO READ  Aastey launches new product range

 

RELATED NEWS . Aastey to expand product categories, R&D operations

This partnership will allow the aastey tribe to utilise Climes’ accessible and user-friendly solutions to make a tangible impact on the planet. The brand enables carbon mitigation through “climate-action in a single click” at checkout.

Speaking on the partnership, Jeevika Tyagi, Co-Founder, and CEO of aastey, said, “We are a sustainable brand continuously striving to build a more transparent ecosystem. We want our tribe to measure the positive impact they can create by making a better choice. This partnership brings us closer to our goal of building a more active aastey tribe, here to live aastey. Sustainability and Reducing Carbon footprint have always been two of our 4 brand values, and this helps us activate our values further.

Anirudh Gupta, Co-Founder of Climes, said, "aastey has been a trailblazer in the sustainable fashion space. Now they're taking it a step further by partnering with Climes and offering carbon neutrality as an option for their customers.

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NIKE, Inc.: Declares Quarterly Dividend

06 August 2022, Mumbai:

NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.305 per share on the Company’s outstanding Class A and Class B Common Stock payable on October 3, 2022, to shareholders of record at the close of business September 6, 2022.

ALSO READ Nike's Q3 FY22 results 

 

RELATED NEWS . Nike continues to be most valuable apparel brand

NIKE, Inc., based near Beaverton, Oregon, is the world's leading designer, marketer and distributor of authentic athletic footwear, apparel, equipment and accessories for a wide variety of sports and fitness activities. Converse, a wholly-owned NIKE, Inc. subsidiary brand, designs, markets and distributes athletic lifestyle footwear, apparel and accessories.

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Rohit Sharma: To introduce apparel collection

09 August 2022, Mumbai:

Sharma has teamed up with German sportswear giant Adidas for the initiative.

It follows the trend of a bunch of other former and current players of the national cricket, such as Rohit Sharma who is identified as one full of dynamism and passion for anything he does.

ALSO READ Rohit Sharma has been named as Tagg's brand ambassador

RELATED NEWS .  Adidas ropes in footballer Sandesh Jhingan as brand ambassador

The decision comes close heels to Sharma taking on the burden & responsibilities of the Indian cricket captaincy.

According to cricbuzz report," Rohit is among the all-time top run-scorers in the IPL, only behind Suresh Raina and Virat Kohli. He is the most successful IPL captain, along with MS Dhoni".

(Indian Retailer report)

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Rohit Sharma: To introduce apparel collection

Yashram Lifestyle Brands: Aspires to solve real life vulnerabilities

09 August 2022, Mumbai:

Deepa started Yashram in 2007 with a group of 10+ team members with an aim to change and improve the quality of life for girls. Inspired by women across the country, her ideas endeavor to create a more comfortable world for them at their most vulnerable stages in life.

What started as a dream today is a proud Made-in-India MSME that today has an ARR of INR 7.4 crores with an in-house manufacturing capability of 50000 pieces per month and rolls out over 10000 orders a month through offline retail outlets and popular online marketplaces.

ALSO READ Nucleus PR to handle Yashram Lifestyle Brands

 

RELATED NEWS . Aditya Birla Fashion and Retail Limited (ABFRL) confronts Contempt of Court for alleged 'patent infringement'

The Yashram house of brands includes Morph Maternity, Adira, & Pristine Life.

Deepa Kumar is leading her team from one business milestone to the next, she also heads the product development and innovation at the company. Her widely popular invention – “Period Panty” has found loyal patrons across the country.

She holds the patent for the "Sanitary Undergarment” invention​from the United States Patent Office in March 2015 and an Indian Patent for the same product in February 2019.

Yashram Lifestyle Brands Pvt Ltd is a retail Apparel and Fashion brand that aspires to solve real-life vulnerabilities faced by people. Their utility wear brands and innovations stem from a desire to make a difference in the lives of customers in a meaningful manner.

A complete made-in-India Yashram lifestyle brands Pvt. ltd. bengaluru Karnataka is now expanding to international shores after firmly establishing footprints in the home market.

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MiniKlub: Launches Store in UP

08 August 2022, Mumbai:

Anjana Pasi, Founder and Director, MiniKlub, launched its brand-new store in Muzaffarnagar, UP.

Launched in 2013 to manufacture kidswear, Mini Klub has grown into a Rs 107 crore turnover company in the last one decade.

ALSO READ Miniklub, babywear brand to open more stores by 2022-end

 

RELATED NEWS . MiniKlub to launch sustainable summer/spring'22 collection

The brand has over 450 multi-brand outlets, leading large and regional large format stores across India. It mainly offers clothes for children — from newborns to six-year-olds.

Mini Klub online also has a strong marketplace presence with Myntra, Amazon, Flipkart, and Ajio. It recently launched a sub-brand Mini Cuddles in the UK, in partnership with John Lewis – the largest cooperative in the UK. Mini Cuddles offers a comfy fashion range for kids aged up to two years old.

(Indian Retailer report)

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adidas: Strong growth in Western markets in Q2

05 August 2022, Mumbai:

Our Western markets continued to show strong momentum in the second quarter amid heightened macroeconomic uncertainty. With Asia-Pacific returning to growth, markets combined representing more than 85% of our business grew at a double-digit rate,” said adidas CEO Kasper Rorsted. “With sports back at center stage this summer, revenues in our strategic growth categories".

ALSO READ  adidas: Adjusting outlook for the FY 2022

 

RELATED NEWS . Adidas’ largest store inaugurated in Bengaluru

Major developments in Q2 2022: Currency-neutral sales up 4%, despite more than € 300 million negative impact from macroeconomic constraints

Markets representing more than 85% of the business grow 14% overall Gross margin down 1.5pp to 50.3% reflecting significantly higher supply chain costs

Operating profit reaches € 392 million Net income from continuing operations amounts to € 360 million

FY 2022 outlook reflects double-digit growth during the second half of the year.

Currency-neutral revenues increase 4% despite macroeconomic constraints

In the second quarter, currency-neutral revenues increased 4% as adidas continued to see strong momentum in Western markets.

Strong demand in Western markets

The operating profit of € 392 million reflects an operating margin of 7.0%.

Net income from continuing operations reaches € 360 million 

Currency-neutral revenues on the prior-year level in the first half of 2022.

Due to the less favorable market mix and the impacts of initiatives to clear excess inventories in Greater China until the end of the year, the gross margin is now expected to reach a level of around 49.0% (previously: around 50.7%) in 2022.

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Manyavar: RakshaBandan's #RakhikaBroCode campaign launched

08 August 2022, Mumbai:

Manyavar India’s leading Celebration Wear brand has proudly launched Raksha Bandhan with its #RakhiKaBroCode campaign. The brand has rolled out two ad films for it. Through this campaign the brand aspires to covey the pristine message," My dear brother, you have always been my best friend and guide inspiring masses to get more people to wear Indian wear on all occasions.

The brand is also well known in the trade for manyavar ranveer singh sherwani.

ALSO READ Nike's Q3 FY22 results 

 

RELATED NEWS . Nike continues to be most valuable apparel brand

Historically Manyavar Vedant fashions Pvt ltd as a brand started its humble journey as a thought in 1999 when Ravi Modi ventured into a family business that revamped the men’s ethnic wear segment nationally. Rest is history, no looking back.

Ethnic wear brand Manyavar’s parent company Vedant Ltd plans to grow its retail network and product reach by foraying into Tier II and III cities of India. The company believes these markets will offer it significant growth opportunities. The business’ promoters are Ravi Modi, ShilpiModi, and the Ravi Modi Family Trust.

(Financial Express Report)

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