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G.O.A.T Brand Labs has purchased a 90% share in The Label Life

18 January 2022, Mumbai:

The Bengaluru-based start-up G.O.A.T Brand Labs has entered the women's western wear category by purchasing a 90% share in The Label Life, a women's fashion and lifestyle brand.

Notably, G.O.A.T. intends to expand this area with several brands. The acquisition's value has not been revealed. "We will extend the brand enormously by expanding internationally and releasing new product categories," said Rishi Vasudev, co-founder of G.O.A.T Brand Labs. By 2025, the goal is to make it one of the first direct-to-consumer (D2C) companies to have a revenue of Rs. 500 crore."

The Label Life | LinkedIn

Many Bollywood celebs dress The Label Life, which provides garments, accessories, and footwear, among other things. G.O.A.T Brand Labs has also recently invested in Frangipani, a children's clothing line, and Neemli Lifestyle, which owns the Neemli Naturals cosmetics line.

Last year, G.O.A.T secured US $ 36 million (about Rs. 268 crore) in a Series A fundraising round headed by Tiger Global and Flipkart Ventures, the homegrown e-commerce major's early-stage venture fund.

 

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G.O.A.T Brand Labs has purchased a 90% share in The Label Life

Garment Mantra Lifestyle (erstwhile Junction Fabrics & Apparels) to set up facility in Gujarat

07 January 2022, Mumbai:

Garment Mantra Lifestyle Ltd has set to set up a new centralized integrated facility in Surat, Gujarat to ramp up its production & supply base to consolidate capacity & brand visibility in the western region of India besides improving the company's revenue over the next two years.

Chairman & MD of Garment Mantra Lifestyle alluded, Prem Aggarwal, "We are happy to announce the launch of our new warehouse facility in Surat, Gujarat (India). On the back of this new facility, we are working on our strive to engage more partners from the region, with optimized and economical fulfillment solutions.

Surat Municipal Corporation

Garment Mantra is positioned as a value fashion retailer with a visible presence in tier ii & iii markets of the country.

 

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Garment Mantra Lifestyle (erstwhile Junction Fabrics & Apparels) to set up facility in Gujarat

A huge data breach has been discovered at Aditya Birla Fashion and Retail Ltd (ABFRL)

17 January 2022, Mumbai:

Aditya Birla Apparel & Retail Ltd (ABFRL), India's top fashion company, has suffered a significant data breach, with over 5.4 million email addresses allegedly stolen from the Aditya Birla Group-owned platform and shared online.

In December of last year, 5,470,063 ABRFL accounts were allegedly breached and ransomed. Financial and transaction records, as well as 21GB of ABFRL invoices, are claimed to be included in the hacked database. ShinyHunters, a hacking collective, has made the supposed database public.

The incident was confirmed by ABFRL, which said it is investigating an information security breach involving unauthorised access to its e-commerce database. There has been no operational or business impact, according to the company's representative.

"As a precautionary move, the company has reset all client passwords and enabled OTP-based authentication, as well as taken further steps to secure access to customer and employee information," he stated. Cyber security specialist Rajshekhar Rajaharia has also tweeted about it and shared details.

GoDaddy Confirms Data Breach: What Customers Need To Know

According to sources, the claimed database contains sensitive customer data such as names, phone numbers, addresses, dates of birth, order histories, credit card information, and passwords stored as MD5 hashes.

Employee information, including payment information, religion, and marital status, is reported to have been exposed in the data breach. Have I Been Pwned, a data breach tracking website informed some impacted customers of an ABFRL account breach?

The ransom demand made by the hacker gang was purportedly turned down, and the material was then made public on a famous hacking forum.

ShinyHunters got access to the ABFRL database for several weeks, according to a report by RestorePrivacy.

According to the allegation, the information reportedly compromised included complete names, e-mail addresses, birth dates, physical addresses, gender, age, marital status, pay, religion, and more for ABFRL employees.

Server logs and vulnerability reports for ABFRL Indian apparel labels American Eagle, Pantaloons, Forever21, The Collective, Van Heusen, Peter England, Planet Fashion, and Shantanu & Nikhil are among the information.

It is also reported to contain ABFRL client data, hundreds of thousands of invoices, as well as the company's website source code and server statistics. "We tried to get in touch with ABFRL," Gadgets 360 said.

They dispatched a negotiator, but he was only stalling (the offer was more than reasonable for a 'US $ 45-billion company').

So we decided to release everything for you guys, including their well-known divisions like Pantaloons.com and Jaypore.com," the hackers wrote in an 11 January post. The specific sum required for payment, however, is uncertain.

 

 

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A huge data breach has been discovered at Aditya Birla Fashion and Retail Ltd (ABFRL)

JCPenney's Chief Information Officer is Sharmeelee Bala

15 January 2022, Mumbai:

JCPenney, a leading US retailer, has hired two executives to strengthen its e-commerce and omnichannel efforts. Sharmeelee Bala has been appointed to the position of Chief Information Officer (CIO).

She will be in charge of the company's information technology (IT) organisation as well as worldwide technological platforms that power its shops, operational centres, supply chain, and corporate activities.

She will be in charge of developing solutions that connect JCPenney's physical assets with the company's growing digital presence. Bala was previously Interim Head of Product Engineering at GapTech, where she earned a master's degree in engineering technology from Birla Institute of Technology and Science, Pilani.

Sharmeelee Bala - Crunchbase Person Profile

She has worked with Walmart for over 20 years in a variety of technical and leadership jobs with growing responsibilities.

She has worked with Walmart for over 20 years in a variety of technical and leadership jobs with growing responsibilities. Katie Mullen has been named Chief Digital and Transformation Officer (CDO) at JCPenney, where she will oversee the expansion of the e-commerce business, which includes jcp.com, as JCPenney reimagines how customers interact with the retailer regardless of when, where, or how they purchase.

Mullen will also be in charge of the company's transformation programme and enterprise strategy.

"JCPenney is a destination for best-in-class talents like Sharmeelee and Katie," said Marc Rosen, CEO of GAP.

"With a healthy balance sheet and distinctive goods and services supported by our famous American brand, JCPenney is a destination for best-in-class talent like Sharmeelee and Katie." As we continue on our digital journey and develop the business via technology and creativity, Sharmeelee and Katie will be great partners."

 

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JCPenney's Chief Information Officer is Sharmeelee Bala

World Sustainability Organisation’s sustainable fashion eco label goes to KAZO: To showcase designs in Milan

14 January 2022, Mumbai:

Indian clothing and accessories brand Kazo has been granted the World Sustainability Organisation’s sustainable fashion eco label and will take part in a showcase at Milan Fashion Week 2022.

As part of the showcase, Kazo’s clothing and accessories will be modelled by models from the WSO Models Agency along with other WSO certified brands, the WSO announced in a press release.

In 2021, the WSO also held a showcase at Milan Fashion Week to promote eight brands. Milan Fashion Week launched on January 14 with a mixture of online an offline events. Although some brands have pulled out of the schedule due to the risk of Covid-19, the event itself is still going ahead in lone with local regulations.

Mumbai News Network Latest News: Kazo's Autumn-Winter Collection brings  back retro nostalgia

Through its certification, Kazo products will display the Friends of the Earth Sustainable Fashion eco-label.

In order to receive the certification, the WSO must verify compliance with strict sustainability requirements, including the protection of wild fauna and flora as well as sustainable water, energy, and waste management and socially responsible practices.

The WSO is an international organisation which works to promote sustainability by certifying eco-friendly brands. The WSO’s certification programme is designed as a tool to enable consumers to identify verified sustainable products to shop sustainably.

Kazo retails a range of eco-friendly ready-to-wear, handbags, and accessories from its dedicated e-commerce store. The brand’s managing director Deepak Aggarwal opened the first Kazo store in Delhi in 2007, according to its website.

FASHION NETWORK (The news article has not been edited by DFU Publications staff)

 

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World Sustainability Organisation’s sustainable fashion eco label goes to KAZO: To showcase designs in Milan

Freecultr, D2C innerwear brand raises funds from Sixth Sense Ventures etc

06 January 2022, Mumbai:

Direct-to-consumer innerwear, loungewear and activewear brand Freecultr has raised $5 million led by Sixth Sense Ventures as it looks to make a comeback amid a rush of activity in the consumer brand sector.

Founded in 2011, Freecultur started life as an apparel ecommerce venture and raised $4 million from Sequoia Capital India in the same year. In 2019, it pivoted to the intimate clothing market with a focus on innerwear, loungewear and activewear for men and women.

Buy Elk Women's Ladies Adjustable Strap Slip Camisole Spaghetti Top  Innerwear 6 Pieces Combo at Amazon.in

None of the original founders of Freecultr—Sandeep Singh, Rajesh Narkar, Harish Bahl and Sujal Shah— are a part of the company.

ET (The news article has not been edited by DFU Publications staff)

 

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Freecultr, D2C innerwear brand raises funds from Sixth Sense Ventures etc

LEVI’S TOPS REMAKE’S SECOND ANNUAL ACCOUNTABILITY REPORT

14 January 2022, Mumbai:

Nonprofit organization Remake’s second annual accountability report naming the worst performance in sustainability has been published.

The report lists some of the least accountable brands in 2021 which includes Foreever 21, Ross, Global Brands TJX, Cros, Inc, Edinburgh Woolen Mill, the Children’s Place, etc. Most of these brands scored negative points on a possible 150-point scale, as per a report by Women’s Wear Daily.

Levis tops Remakes second annual accountability report

Remake consulted over a dozen industry experts across human rights, employment, fashion and law for this report. It also relied on publicly available disclosures. Rating 60 fashion companies across fast fashion, luxury, children’s wear, the nonprofit also evaluated the performance of smaller brands like Christy Dawn, Nudie Jeans and Nisolo. The brands were evaluated for their transparency, wages and well-being, commercial practices, raw materials, environmental justice and climate change, governance, diversity and inclusion. Remake also ranked the companies for their total product output and the impact they had on the environment.

Worst offenders

In the results that followed, Supreme, Allbirds and Everlane emerged as the worst offenders in sustainability in November 2020. Forever 21 and Ross scored lowest with 13 points while the highest score of 83 points was awarded to Nisolo. Despite being one of the most profitable companies in the world, Ross scores low on human rights.

The company’s initiative, Ross Dress for Less, is known for wage theft in California apparel factories. It has benefited from the state’s sweatshop conditions for years, shows the report.

Not only this, Ross Stores allow trade associations to lobby against the wage theft legislation titled, ‘Garment Worker Protection Act,” passed in California in September.

The report also reprimands Forever 21 for its low-price, fast-fashion business model. The brand is notorious for stealing designs from young designers, paying sweatshop wages in Los Angeles and being opaque about its supply chain.

The California Company is known to have violated the Garment Worker Protection Act time and again. . The company only scores in the area of animal welfare, which is however designed to distract from its use of oil-derived fabrics like polyester. Another offender is the Global Brands Group, which has been shamed for its stake in the American Apparel and Footwear Association, which lobbied against the legislation.

Nisolo emerges most transparent brand

Nisolo emerged as the highest scoring brand in the list for being transparent about its social sustainability efforts. The Nashville-based leather goods brand was honored for paying living wages to not only garment makers and direct employees but also models, photographers, photo assistants and logistics workers.

The company is also transparent about its production processes and carbon footprint. The report, however, urges the company to be more transparent about its raw material suppliers, especially around leather sourcing.

The report also ranks companies for launching campaigns for communities of color. Only 12 per cent companies invested in communities where they operate, and mere 8 per cent companies were able to prove living wages.

Levi’s, only brand to achieve targets

Finally, the report names Levi’s as the only brand being on track to achieve its science-based climate target. Levi’s was early to adopt sustainable practices like water-saving and less toxic denim manufacturing. It reduced carbon emissions in 2020 in line with its science-based target, adds the report.

 

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LEVI’S TOPS REMAKE’S SECOND ANNUAL ACCOUNTABILITY REPORT

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