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Ajay Kumar Patodia is the new CFO of 'Dollar Industries'

01 September 2021, Mumbai:

Ajay Kumar Patodia has been appointed new Chief Financial Officer (CFO) of Dollar Industries. He will monitor the company's financial and operational activities besides contributing to its growth plan and assisting all strategic and operational efforts across the country.

Prior to Dollar Industries, Patodia was with Lux Industries as its CFO for 18 years. He has an extensive knowledge and experience in corporate financing, accounting, investor relations, financial planning, taxation, and risk management. A qualified Chartered Accountant, Cost & Management Accountant and a certified FI Consultant of SAP ERP, Patodia was also associated with MV Cotspin, a 100 per cent EOU yarn manufacturing company in the early part of his career. His appointment will help Dollar industries meet the tremendous market demand and develop into an aspirational brand, says Vinod Kumar Gupta, Managing Director, Dollar Industries.

Ajay Kumar Patodia joins Dollar Industries Limited as Chief Financial  Office | hrnxt.com

 

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Ajay Kumar Patodia is the new CFO of 'Dollar Industries'

At India Couture Week, Ashima Leena showcases ageless femininity

28th August 2021, Mumbai:

On Thursday during India Couture Week, Ashima Leena debuted her latest women's couture collection, 'Nazm-e-Mahal,' which honoured classic Desi femininity and traditional craft processes with a variety of rich-hued sarees.

Ashima Leena's latest couture offering was an homage to the maharanis of the Mughal Empire, combining delicate hand embroidery with jewel tones and handloom textiles. Classic colour pairings included bright red and gold bridal sarees and champagne lehengas, while emerald greens, royal purples, and deep magentas brought vitality.

The designer's poetic approach was pulled together by mixed patterns, extensive ornamentation, and lavish accessories. In a cloud of incense smoke and a sea of petals, a group of regal women carried out all of the typical festival preparations. Archana Aggarwal Timeless Jewellery, the official jewellery partner for the fashion week, produced spectacular pieces with dazzling gemstones. Hair was worn in loose curls or tied in a low bun with fresh flowers for decoration, and makeup was kept classic with black kajal for the eyes and hair worn in loose curls or tied in a low bun with fresh flowers for decoration. This season marks the second digital edition of India Couture Week, which brought together 19 brands under the auspices of the Fashion Design Council of India. The online fashion week will run through August 29.

 

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At India Couture Week, Ashima Leena showcases ageless femininity

For an occasionwear collection, Biba collaborated with Rohit Bal

1st Sep 2021, Mumbai:

Biba, a women's ethnic wear and lifestyle brand, has partnered on a line of occasion wear with renowned traditional wear designer Rohit Bal, which will be available on Biba's e-commerce store.

The Biba x Rohit Bal ‘Ghewar Collection' for autumn/ winter 2021 will debut on September 1, bringing Rohit Bal's exquisite traditional attire to a wider audience.

Only teasers, including a red and gold blouse and shawl set and a black and gold high-neck dress, have been shared on Biba's Facebook page so far. The debut of the collection ahead of the holiday season promises a wide selection of possibilities for upcoming events. “We can't contain our enthusiasm as we get closer to the launch of Ghewar Collection - A Biba and Rohit Bal collaboration,” Biba wrote on its Facebook page, providing a sneak peek of the upcoming collection.

From his namesake brand's e-commerce site, Rohit Bal sells couture, menswear, womenswear, denim, and a more affordable line of event dress called "Balance by Rohit Bal." Bal, who hails from Srinagar in Jammu and Kashmir, founded his first fashion label in 1990 and is noted for his flamboyant, extravagant aesthetic. Rolls Royce, Reid & Taylor, Omega, Tag Heuer, Mitsubishi for Outlander, Ege Carpets of Denmark, Oriflame, and Aditya Birla Group Linen Club are among the brands with which the designer has previously cooperated. Biba sells womenswear, children's clothes, accessories, and lifestyle items through its dedicated e-commerce store and brick-and-mortar locations in India and abroad. Anju Modi, an Indian couturier, has collaborated with the company on a range.

Shop for Designer Saree & Lehenga by Rohit Bal | Carma Online Shop

 

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For an occasionwear collection, Biba collaborated with Rohit Bal

As customers return to 'embrace summer,' Gap is ready to shine

28th August 2021, Mumbai:

Gap Inc upped its full-year net sales forecast for the second time on Thursday, anticipating strong demand for its Old Navy and Athleta clothing brands as flu restrictions are eased.

Gap's annual profit projection was also raised, sending shares up 7% afterwards as both forecasts topped market expectations amid a good earnings season for retailers including Macy's, Kohl's, and discounter T.J. Maxx.

On an earnings call, Gap Chief Executive Officer Sonia Syngal remarked, "Our customers embraced summer with optimism, hungry for mood-boosting clothes as trips and reunions became a reality."

Old Navy's net sales increased by 21% in the second quarter compared to pre-pandemic levels two years ago, while Athleta's increased by 35%. 75 percent of pre-orders for the Yeezy-Gap jacket came from fresh new customers, thanks to the retailer's collaboration with musician Kanye West.

The Banana Republic company has also been investing more in its digital business in order to capitalise on the rise in online shopping, and earlier today announced the acquisition of Drapr, a startup that allows shoppers to digitally try on garments.

Gap anticipates net sales growth of around 30% in fiscal 2021, compared to a previous prediction of low-to-mid 20%. According to Refinitiv statistics, analysts predicted a 24.3 percent increase. The company, which has been focusing on marketing and inclusion, expects annual adjusted earnings of $2.10 to $2.25 per share, up from $1.60 to $1.75 previously. The consensus among analysts was $1.80.

Net sales of $4.2 billion were the highest in the second quarter in almost a decade, increasing by 29% to above expectations. Gap, on the other hand, said it is investing in air freight to deal with delayed inventory deliveries caused by shipping delays and pandemic-related manufacturing closures in countries where it imports, echoing rival Abercrombie & Fitch's statements.

A Summer Weekend | Fresh Exchange

 

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As customers return to 'embrace summer,' Gap is ready to shine

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