30th November 2021, Mumbai:

Plastic waste has serious repercussions on ecological health but recycling it for better use can be friendly towards nature. One such area where recycling has been put to good use is in the manufacture of fibre which can be successfully converted into fabric.

Successfully turning plastic waste into a sustainable material seems questionable but UNIREC has bridged that gap. Sustainable fashion is a process of fostering change in fashion products and the fashion system for improved ecological integrity and welfare.

The most popular fabric, polyester, can be procured from plastic water bottles scattered in the shape of environmental hazards around us.

This polyester fabric can then be blended with other fabrics like cotton and viscose and create comfortable apparels which can be used on a daily basis. UNIREC launches a new collection of clothing made from recycled PET bottles.

UNIREC is one of the first sustainable garment brands manufacturing garments and uniforms out of recycled PET bottles.

The fabric procured by UNIREC’S partners is registered under the Global Recyclable Standard certification, thereby ensuring the genuineness of the product. Its range includes t-shirts, shirts, trousers, blazers/jackets, and other accessories.

The growth in the product line has been incredible in a very short period of time and demand for the material has grown massively. However, the prime focus of the company is to preserve the environment while maintaining and delivering a decent fashion trend. UNIREC has an outstanding collection of elegant and pocket-friendly formal jackets, sleeveless jackets, and trousers.

The average consumption of plastic per person is around 28kg globally. While this consumption per person is at 11kg in India, it is still amongst the top 20 consumers of plastic globally. The industrial use of plastic for the manufacturing of goods and products can only be justified if there is no plastic waste.

Plastic waste alone causes exponential damage to the environment and hence calls for its proper disposal. Hence, UNIREC came up with an idea to mingle fashion and plastic recycling and transform a process that not only decreases the damage on planet earth but also helps people adapt to a sustainable sense of clothing.

Mr. Kapil Bhatia, CEO & Founder, UNIREC speaking on the launch of the new line said, “I have been in the garment industry for over 20 years now, and for more than 15 years have been manufacturing workwear and uniforms for small to very large corporations.

However, never before has the impact of the environment and climate change been bigger and more important for the entire human race. While plastic and its products definitely have their own benefits, it is the disposal of the same that is causing a massive impact on our environment.

We have therefore launched UNIREC, as one of India’s first sustainable brands making garments from recycled plastic bottles. Not only these garments which are recycled fabrics, but the carbon footprint generated from these is also almost 30% lower than that from normal garments.

These garments are as breathable, durable, and comfortable to wear as any other garments that we purchase in our day-to-day life.

Please remember sustainability is not an option but it is our DUTY. At UNIREC , we pledge to work towards a simple objective to reduce carbon footprint one person at a time, one garment at a time .”

India Education Diary (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

Daily News:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

24 November 2021, Mumbai:

Poppabum brings Indian children a uniquely designed and vibrant range of jumpsuits and pinafores. The attractive collection with its bright neons is brought to life with pop-art illustrations created exclusively by global designers and offers a refreshing change to the usual animals, cartoon characters, rainbows, and unicorns.

The organic range, that revives the ’60s pop-culture vibe with its unique illustrations, is intelligently designed to make charging on the go easy, quick, and hassle-free for fashion-conscious, active, professional parents of millennials tots.

Poppabum offers children fashionable and consciously designed bright colorful clothes. The jumpsuits and pinafores have the spunk and style reflected through the neons and jazzy illustrations and are convenient to change, with uniquely designed zippers never attempted on jumpsuits before.

Poppabum is a sustainable premium clothing brand for children. The brand ensures minimum waste of fabric during the manufacturing process and uses only organic dyes in all its prints.

All Poppabum clothes are packed in reusable and biodegradable never-before-seen metallic pouches and are made from 100 percent luxurious organic cotton. The clothes are candy-floss-soft, durable, fuss-free, and popping with color. The zipper function on the jumpsuits makes it easy to change diapers. There is no need to remove the entire jumpsuit.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22 November 2021, Mumbai:

The Rs 1,014 crore IPO of Go Fashions (India) continued to receive a strong response from the investors on the final day of the bidding process. The issue, which kicked off for subscription on Wednesday, sailed through on the first day itself.

The company is selling its shares in the range of Rs 655-690 during the three-day bidding process.

According to the data from NSE, the issue attracted bids for 1,0939.99.326 equity shares or 1354 times as of 5:00 pm. The company offered 80,79491 equity shares in its initial stake sale.

ET

(The news article has not been edited by DFU PUBLICATIONS STAFF)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

Return to homepage

30th November 2021, Mumbai:

The listing premium was ahead of analysts' expectations (65-75 percent) as well as the grey market price (Rs 1,140-1,210 per share).

Go Colors brand operator Go Fashion saw a stellar debut on the bourses on November 30 as the stock listed at a whopping 90 percent premium over the issue price of Rs 690 per share. It opened at Rs 1,316 on the BSE and at Rs 1,310 on the National Stock Exchange.

The listing premium was ahead of analysts' expectations (65-75 percent) as well as the grey market price (Rs 1,140-1,210 per share).

The maiden public offer of the women's bottom-wear brand operator had seen tremendous response from investors as the offer was subscribed 135.46 times. It saw the biggest demand from non-institutional investors, who bid for shares 262.08 times the portion set aside for them. Qualified institutional investors had put in bids 100.73 times the reserved portion, and retail investors subscribed for 49.70 times the reserved portion.

Go Fashion has mopped up Rs 1,014 crore through its public issue that comprised a fresh issue of Rs 125 crore and an offer for sale of Rs 888.61 crore. The funds from the fresh issue will be utilised to roll out 120 exclusive brand outlets, and meet working capital requirements.

Moneycontrol.com (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

Daily News:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

24 November 2021, Mumbai:

Me N Moms is continuing with its vigorous geographical expansion plan in the country. The children’s and maternity wear retailer currently has 135 stores operational in 69 cities of India and will inaugurate 20 more soon in another seven cities.

The brand plans to set up 200 stores by the end of this fiscal, which will be both company-owned and franchise shops.

The brand is the country’s only label that offers products in every category of childcare and mother care which is available across all Me N Moms outlets and also in more than 10,000 leading baby stores and chemist shops across the country.

The baby care and parenting sub-brand MeeMee launched in 2007 offers a large variety of products in different categories including skin and oral care, feeding, infant utility accessories, travel, nursery, toys, fashion, and maternity.

The brand has a unique franchise model, where the store is handed over to the franchisee after the setup is put in place and sufficient training is given. This gives autonomy to the franchise owner while at the same time it ensures that they do not compromise on quality. The products undergo rigorous tests before being put on sale.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage

22 November 2021, Mumbai:

Kitex Garments, India's biggest infantwear producer and exporter, has established a new subsidiary, Kitex Apparel Parks (KAPL), with a financial investment of Rs. 70 crore.

Kitex Garments has invested Rs. 70 crore in Kitex Apparel Parks (KAPL), which is divided into 7 crore Rs. 10 shares. KAPL is a subsidiary of Kitex Garments, with the firm investing 70% and Kitex Childrenswear, a member of the Group, investing the remaining 30%.

Notably, KAPL is a connected party of the firm, and the company's promoters have a stake in the subsidiary company equal to their investment in the company. The subsidiary company is responsible for establishing and operating a yarn, fabric, children's clothing, infants wear, menswear, ladieswear, regardless of age, and similar business, as well as procuring all raw materials and other auxiliary materials' services.

In Q2 FY22, Kitex Garments reported a 44.4 percent increase in net profit to Rs. 25.72 crore, owing to a 33.7 percent increase in net sales to Rs. 178.09 crore, compared to Q2 FY21.

In other news, Kitex Garments' CMD, Sabu M. Jacob has purchased further shares of the firm on the open market. "In accordance with the provisions of Regulation 7 (2) (a) read with Regulation 6 (2) of the SEBI (Prohibitions of Insider Trading) Regulations, 2015, we wish to inform you that on November 22, 2021, I purchased 102445 equity shares representing 0.15 percent of the outstanding shares of Kitex Garments Limited (KGL) through open market purchase," Jacob told the stock exchanges.

Jacob now controls 33.75 percent of the business. After a conflict with its home state of Kerala, Kitex Garments has announced a huge growth plan in Telangana.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

Return to homepage

24 November 2021, Mumbai:

Taneira, which is a women’s ethnic wear brand from Titan, has announced the appointment of Shalini Gupta as General Manager – Marketing, Category, Design, and Supply Chain. Gupta will lead the way to achieve the ambitious growth target set for FY23 by solidifying the brand’s value proposition.

“Over the past few years, Taneira has brought the best Indian weaves under one roof for the progressive Indian women and has also supported the weaver community from across the country. The brand has won the hearts of many customers in a short period and is now poised to scale up exponentially.

I look forward to playing a role in making Taneira the most loved brand for women’s ethnic wear in India,” Gupta said.

An alumnus from SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Gupta has been associated with Titan for almost two decades.

She has donned numerous leadership positions in the company such as Heading the Marketing for Sonata watches, being the Business Head of Helios, and Licensed brands in the watches division of the company to become the CMO for Titan Eye Plus, the eyewear business of the company.

Taneira was launched in 2017 to bring about innovation in the women’s ethnic wear category, which is still largely unorganized through differentiated designs from over 65 clusters in India at high quality and an unmatched retail experience.

The business began with the launch of sarees and has now gradually expanded to festive and bridal lehengas, dress materials, ready-to-wear blouses, salwar and kurtas, stoles, and dupattas.

Indian Retailer

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

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

Return to homepage

22 November 2021, Mumbai:

Group Has agreed to transfer shares of Pepe Jeans Innerfashion to G.O.A.T Brand Labs.

Pepe Jeans has decided to exit its joint venture in India. The Spanish brand had formed a 50:50 joint venture with Dollar Industries in India in 2017.

Dollar renounces ROFO

Pepe being desirous to exit from Pepe Jeans Innerfashion had offered Dollar to buy out Pepe’s entire stake in accordance with the clause dealing with Right of First Offer (ROFO) in the said JV agreement.

Dollar, in exercise of its rights as per JV agreement, has renounced the ROFO and has agreed to the transfer of shares held by Pepe in Pepe Jeans Innerfashion in favor of G.O.A.T Brand Labs (G.O.A.T) incorporated in Singapore.

Also see: India’s economic advisory council expects it to grow 7-7.5% in next fiscal

Consequently, G.O.A.T shall purchase the entire stake of Pepe Jeans Europe BV and has executed a Share Purchase Agreement (SPA) with Pepe.

New trademark agreement

Accordingly, the existing JV agreement between Pepe and Dollar would stand terminated on the transfer of shares by Pepe to G.O.A.T. “Due to the proposed sale of its stake by Pepe to G.O,A.T, Dollar would be entering into new JV agreement with G.O.A.T.

The existing license agreement of the JV Company with Pepe Hungry KFT for use of their trademark ‘Pepe Jeans/Pepe Jeans London’ would continue to be used by the JV Company on such revised terms and conditions as may be agreed on between the JV Company and Pepe,” Dollar Industries said in a stock exchange filing.

The Board of Dollar in its meeting held on November 18 has approved the draft JV agreement which would be executed upon transfer of shares and termination of the existing agreement.

50 percent paid-up share capital

G.O.A.T will purchase 1,00,00,000 equity shares of the JV company from Pepe which constitutes 50 percent of the paid-up share capital. In addition to this, G.O.A.T will further subscribe 2 percent of additional non-voting equity on the existing and increased paid-up capital.

Also see: Tiger Global, Flipkart Ventures invest $36 mn in G.O.A.T Brand Labs

G.O.A.T invests in and scales digitally native brands in the lifestyle space (fashion, home & kitchen, nutrition, beauty, and personal care).

Founded by industry veterans Rishi Vasudev and Rameswar Misra and backed by marquee investors such as Tiger Global and Flipkart Ventures, G.O.A.T supports brands by providing them with growth capital, data-based insights, seamless operations, and deep expertise in brand building, digital marketing, and product development.

Business Line

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

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India, Noida

Return to homepage

24 November 2021, Mumbai:

Victoria’s Secret has launched a beauty e-commerce store in India. The e-store will house the brand’s famous fragrances, Natural Beauty Body Care, Mist Collections, accessories, and Pink beauty collections.

Victoria’s Secret Beauty is America’s number one fragrance brand with iconic, award-winning scents like Bombshell, Tease, and Heavenly. With an ever-evolving collection of beauty essentials—including eau de parfums, mists, candles, and beyond—they empower all to discover and embrace a routine that makes them feel their best.

Victoria’s Secret Beauty’s fashion-forward accessories add a touch of elegance and flair to any outfit, from the latest handbags to the best cosmetic cases and more.

The online platform will be launched in India, exclusively in partnership with franchisee retailer Major Brands. This is a leading franchisee for premier international fashion brands that represent several international lifestyle brand products in India. Currently, Major Brands has 160 standalone outlets for different brands.

While the brand enters the market with a digital focus on the beauty business, Victoria’s Secret and Major Brands will launch full assortment lingerie brick and mortar stores in Mumbai in summer 2022. Victoria’s Secret is an intimates specialty retailer with modern, fashion-inspired collections, award-winning fine fragrances, body care, and lounge wear.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.  

TOP 5:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

2. Consumers will determine growth of sustainable fashion e-comm in India

3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage