11 November 2021, Mumbai:

For the second quarter, Monte Carlo Fashions had a 665 percent rise in its net profit. The company’s revenue for the quarter rose by 142 percent.

Monte Carlo is focusing on a diversification strategy, emphasising more on the cotton segment than the woolens. Cotton added over 50 percent share of total fiscal ’21 revenues. Monte Carlo has 300 exclusive brand outlets, 2,500 multi-brand outlets, and 321 national chain stores. It also sells online through e-commerce firms like Flipkart, Amazon, Myntra, among others.

The brand’s collection caters to men, women, and tweens and includes a huge category of shirts, tops, T-shirts, tunics, shorts, jeans, trousers, dresses, tracksuits, and more. The range for men features varied options in formal and casual wear including T-shirts, shirts, trousers, linen shirts, lowers, tracksuits and Bermudas. Women’s western wear includes crop tops, shorts, shrugs, denim dresses, linen tops, and more.

Formal wear includes tops and shirts in millennial shades that can be easily paired with pencil skirts and trousers. The fusion wear range comprises tunics, leggings, etc. The latest trends and styles Monte Carlo is offering this season include polo T-shirts in striped, microprint, patchwork patterns. The company’s large variety of winter wear contributes around 75 percent of its sales.

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11 November 2021, Mumbai:

Monte Carlo Fashions Ltd net profit increased by 665 percent to Rs 34 crore ($4.7 million) in the quarter ending September 2021, compared to Rs 4 crore the previous year.

The company's revenue for the quarter increased by 142% to Rs 238 crore, compared to a net profit of Rs 98 crore in the previous fiscal year's similar period.

The business ascribed the increase in earnings and sales to the economy opening up as a result of a decrease in Covid-19 cases and the removal of lockdown limitations in most locations.

"With the introduction of malls and marketplaces, we're witnessing a surge in demand across all shop types, including EBOs and MBOs."

The corporation is concentrating on its diversification strategy, with a particular emphasis on the cotton industry. Cotton's proportion of overall FY21 revenue remained above 50%, indicating a trend away from the woollen category, according to Monte Carlo's financial statement.

There are 300 exclusive-brand stores, 2,500 multi-brand businesses, and 321 national chain stores in Monte Carlo. It also sells on e-commerce platforms such as Flipkart, Amazon, and Myntra, among others.

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06 November 2021, Mumbai:

Iconix Lifestyle India Private Limited, a 50/50 joint venture between India's Reliance Brands Limited and Iconix Brand Group Inc, has added legendary British brand Lee Cooper to its portfolio.

Iconix Lifestyle will be able to extend Lee Cooper's footprint in India by allowing the brand's distribution across all retail channels and boosting marketing and brand management as a result of the purchase.

Lee Cooper is a multi-category, dual-gender brand with a presence in 126 countries, 7,000 points of sale, and over 2 million social followers. It was founded in 1908 with a denim legacy.

Lee Cooper, the original British denim brand, began as a major producer of workwear at a small business in London's East End, producing uniforms for the British Troops in WW1 and WW2. The brand's focus had shifted from military gear to fashion and denim by 1945.

Lee Cooper's goods and collections are now designed with denim at the forefront and fashion at the core.

Lee Cooper's forward-thinking denim artisans refine every stitch, rivet, and wash to perfectly suit its powerful 18–30-year-old market. Apparel for men, women, and children, footwear, bags, accessories, watches, swimwear, workwear, eyewear, fragrance, homeware, and personal devices are just some of the areas covered.

"The most notable purchase for the JV is Lee Cooper, which has a long history and unrivaled importance in the Indian market. Darshan Mehta, MD of Reliance Brands Limited and director on the board of Iconix Lifestyle India Private Limited, stated, "It's the go-to denim brand that liberalised India grew up with, and its affinity among consumers offers us a great basis to recreate the brand in the nation."

"Gaining Lee Cooper's IP rights matches with our long-term strategic approach to developing our brand presence in India," said Bob Galvin, chief executive officer and president of Iconix Brand Group Inc and director on the board of Iconix Lifestyle India Private Limited.

We are committed to the company's continued growth, and this development allows us to operate directly in a rapidly growing industry and introduce this famous high-quality brand to a new audience."

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

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01 November 2021, Mumbai:

For the second quarter Kewal Kiran Clothing’s profit grew 195 per cent. Revenue for the quarter rose 159 per cent. Kewal Kiran owns brands like Killer, Integriti, LawmanPg3, Easies, and Desi Belle. It began operations in 1992. Killer is the flagship denim brand and caters to the 16 to 24 year old demographic. The format stores called K-Lounge have all these brands under one roof.

Kewal Kiran recently ventured into women’s wear by acquiring Desi Belle, an Indian fusion wear brand. The company currently has 336 retail stores in 210 cities across 25 states and sells on leading e-commerce platforms in India. The company is looking to strengthen its retail presence in the Indian market to take up store count to 500 over the next two years. Out of the 500 stores, about 75 would be medium-size stores.

With strong financials, and good and sustained profitability, the company is aiming for Rs 1,000 crore revenues in the next five years. Geographically the Eastern region contributes 35 per cent to sales, followed by the Southern region at 20 per cent and the Western and Northern region at 20 per cent and 15 per cent respectively. The central region contributes five per cent.

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06 November 2021, Mumbai:

MADAME, India's foremost western wear fashion company, took part in the famous Delhi Times Fashion Week, which took place at Roseate House in Aerocity, the national capital. On October 21, the company held a fashion presentation to show off their premium Autumn/Winter collection.

The Times Group hosts the Delhi Times Fashion Week every year, and the event attracts some of the world's most well-known fashion companies and designers. The event's sixth season was held over three days this year, and it was inaugurated by designer Rocky S.

Because of its subtle and brilliant colours, fine materials, and comfortable clothes, MADAME's Autumn/Winter collection was a major highlight on day two of the exhibition. The ready-to-wear line is intended to provide customers freshening up for the Fall/Winter season with a fashionable, practical, informal, and comfortable look.

"We are pleased to have gotten a lot of positive feedback on our most recent collection. This validates our belief in what we're doing and demonstrates why we have consumers from all across the nation," stated MADAME's Executive Director, Akhil Jain.

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

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01 November 2021, Mumbai:

Kewal Kiran Clothing's net profit increased 194.98 percent to Rs 27.02 crore in the quarter ending September 2021, compared to Rs 9.16 crore in the preceding quarter. Sales increased by 159.45% to Rs 175.08 crore in the quarter ending September 2021, compared to Rs 67.48 crore in the preceding quarter.

Kewal Kiran Clothing Ltd had a 195 percent increase in net profit to Rs 27 crore ($3.7 million) Business Standard in the second quarter of 2021, compared to a net profit of Rs 9 crore in the previous quarter.

The company's revenue for the quarter increased by 159 percent to Rs 175 crore, up from Rs 67 crore in the previous fiscal year's similar period.

Kewal Kiran's revenue for the first half of the current fiscal year was Rs 276 crore, with a net profit of Rs 36 crore from April to September. Killer, Integriti, LawmanPg3, Easies, and Desi Belle are among the brands owned by Kewal Kiran. The firm has 336 retail locations in 210 cities across 25 states and sells on India's main e-commerce platforms.

Over the following two years, the firm plans to expand its retail footprint in India, with a goal of reaching 500 stores.

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10 November 2021, Mumbai:

Bengaluru-based Kashyap Apparel is anticipating strong growth and plans to expand. The firm specialises in producing a wide range of seamless clothes, such as shirts, shorts, and jackets.

The firm has seen a lot of interest in its goods in the last year. "Our items have been in high demand in recent months, and our clients are pleased with our offers." We also attend a number of sourcing fairs in order to meet new people, according to Vishak B. Kashyap.

Because it has expertise in these categories, the firm can take advantage of the expanding demand for MMF-based apparel and sportswear. The firm also benefits from catering to small and medium-sized custom requests, as well as dealing with corporate clients.

The firm, which has a monthly capacity of 5,000 garments, also offers several types of value addition on its seamless clothes.

"We can make a wide range of outfits utilising a variety of fabrics while maintaining cost management."

"We are also concentrating on product development so that we can better satisfy the needs of our customers," Vishak said.

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

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30th October 2021, Mumbai:

Bela Signora is a women’s clothing brand that opened in 2019.

Inspired by the culture of Rajasthan, the clothing and accessories are handmade keeping in mind all aspects of sustainability and current fashion trends.

At the current point of time, the brand is offering a wide range of traditional clothing as well as Indo-western wear, be it ghagra-choli, kanchli, or Kurti. Apart from traditional attire, there is also a wide range of Indo-western wear for women who like to flaunt a blend of tradition along with fashion.

The brand donates a reasonable part of its earnings to charities and humanitarian causes helping to better the lives of the underprivileged.

The ethnic wear industry in the country has evolved significantly. The rising female workforce is one reason.

There has been a rise in their purchasing power and awareness about fashion. The sari segment dominates the industry with a share of around 47 percent followed by salwar kameez and lehenga. Though women are getting attracted to western wear, traditional Indian clothes are still essential in most parts of the country, and hence the demand for them is expected to grow.

The ethnic wear industry has also garnered interest from celebrities who are investing in opening their own apparel lines.

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

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