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Brands-To-Retail 10-08-2023

Brand Concepts x Benetton: Travel accessories redefined

10 August 2023, Mumbai

Brand Concepts Ltd, a prominent fashion retail house specializing in travel gear, handbags, and lifestyle accessories, has announced an exclusive partnership with United Colors of Benetton.

Innovative collaboration

This collaboration will introduce a unique collection of travel accessories and small leather items tailored for the Indian market.

Under the licensing agreement, Brand Concepts will oversee the comprehensive design, manufacturing, and distribution aspects, while United Colors of Benetton India will infuse creative inspiration rooted in its vibrant DNA of colors and social awareness.

Set new standard

Embarking on an innovative journey to engage with our fashion-conscious consumers in a dynamic market. This alliance, he emphasized, is a fusion of iconic legacies and a shared commitment to innovation, with the aim of revolutionizing the fashion landscape.

The strategic partnership, exclusive to India, represents a concerted effort to expand the market presence of both entities.

The thoughtfully curated collection will be accessible through Bagline's official e-commerce platform, as well as popular online marketplaces like Amazon and Myntra. Additionally, the assortment will grace all Bagline retail outlets.

Fashion & functionality

Benetton India expressed enthusiasm that this collaboration signifies a significant milestone in our journey, combining the unparalleled expertise of both organizations to craft creative, stylish, and utilitarian offerings for our discerning clientele.

With a rich portfolio including renowned brands like Tommy Hilfiger, Aeropostale, and Sugarush, Brand Concepts is at the forefront of design and omnichannel retail solutions.

This pioneering partnership with United Colors of Benetton underscores their shared commitment to elevating product quality, durability, and aesthetics in the world of travel gear and leather goods.

Latest Textile Events

Brands-To-Retail 10-08-2023

Raymond set to claim back its former glory

10 August 2023, Mumbai

From a humble beginning as a small manufacturer of coarse woolen blankets in 1922, Raymond, perhaps one of India’s most reputable brands in the textile and apparel sector had scaled glorious heights as an international supplier of the finest textiles.

It then diversified into consumer care, realty, industrial production, and engineering, a diversification that didn’t bode well for the Raymond group.

As chairman and MD Gautam Singhania points out, the diversification didn’t fit into the vision he had for the brand, and for the past 20 years, Raymond has been busy shedding the weight by exiting the steel, cement, and synthetics businesses.

Leaner Raymond performs better

Raymond Ltd earnings for the fourth quarter of 2022-23 were sales worth Rs 21,501.8 million compared to Rs 19,581 million a year ago. Revenue was Rs 21,922 million compared to Rs 20,317.4 million a year ago.

Being debt-free - this corporate action has been initiated with the sale of its FMCG business under RCCL to GCPL for Rs 2,825 crore. The move to demerge the lifestyle business from Raymond enables it to be net debt free and will make it an independently listed entity.

As of December 2022, the company had gross debt of Rs 2,400 crore and a net debt of Rs 930 crore. The three consumer care brands sold are Kamasutra condoms, grooming brands of Park Avenue, and KS perfumes and deodorants.

What ailed the group

Pre-Covid, 2019 was not a good year for Raymond. The Securities and Exchange Board of India (Sebi) issued a show-cause notice alleging multiple securities market violations.

The allegations included failure to obtain necessary approvals for related party transactions in the JK House episode, corporate governance violation for non-disclosure of material information about litigations, and non-compliance with shareholder reclassification norms.

The pandemic brought with it more disasters as the consumer care and lifestyle divisions faced their most demanding times in decades as consumer spending tightened hard and fast.

Restructured and renewed, Raymond powered for growth

Raymond is restructuring itself into three businesses: real estate, lifestyle/textiles, and engineering. Eventually, the target is 17-20 percent EBITDA growth and a 15 per cent revenue increase. The overall group’s revenue target has been set for Rs 10,000 crore in FY24. The company also will have to separate enlisted companies - Raymond and Raymond Consumer Care.

Broadening from occasion-wear

Raymond’s lifestyle business plans to double its business size in the next five years and 2023 has been a promising year already as it saw 19 per cent growth in the branded apparel segment. Strategic work is underway to bring Colors, Park Avenue, and Raymond RTW back on track for growth and expansion.

Inclusivity; There are 300 Exclusive Brand Outlets (EBOs) between these three brands, and the plan is to increase the number to 600 by 2025-26. As the lifestyle division trio of power brands, they contribute between 60 and 65 percent to the business. The newly launched label Ethnix will also be in focus as a unique and exclusive Raymond offering.

Ethnix currently has 75 EBOs, the plan is to grow the number to 300 by 2025-26.

Raymond also wants to continue maintaining its positioning itself as India’s finest occasion and festive wear, particularly for men, it also wants to embrace that 40 percent of men’s apparel sector is casual wear, and Colors, Park Avenue, and Raymond RTW are ready to grab their share of the pie.

Latest Textile Events

Brands-To-Retail 10-08-2023

Biba unveils chic ethnic outlets nationwide

09 August 2023, Mumbai

Women's ethnic wear and lifestyle brand, Biba, has expanded its retail reach by opening four exclusive outlets in Ballari, Vadodara, Mangalore, and Kannur. With these new stores, Biba aims to tap into diverse customer segments through physical retail spaces.

EOSS

Biba enthusiastically announced a flat 40% discount during their End of Season Sale via Facebook, sharing the locations. The new Vadodara store on Race Course Road bolsters the brand's presence in Gujarat.

Omnification

In Ballari, a first-floor outlet offers occasion wear and ethnic styles from the summer collection. Mangalore also welcomed Biba's store on MG Road.

Meanwhile, in Kannur, Biba showcases its women's and girls' ethnic lines alongside fusion collections, accessories, and kurtas. Beyond India, Biba operates brick-and-mortar and e-commerce stores, with international locations in Nepal and Malaysia.

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Brands-To-Retail 09-08-2023

ABFRL Q1FY24 results reported

07 August 2023, Mumbai

The company's performance seems to have been impacted by a net loss of Rs 161.62 crore, which is a notable contrast from the profit of Rs 94.44 crore in the same period of the previous financial year. Revenue up

The revenue, on the other hand, exhibited growth, rising by 11% to Rs 3,196.06 crore. However, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) faced a decline of 37.6% down to Rs 292.3 crore.

The company attributed this loss to higher costs and subdued demand, which suggests that increased expenses and potentially weaker customer demand played a significant role in their financial performance during this period.

Festive spirit

It's noteworthy that the company expects a rebound in discretionary spending with the beginning of the festive season. This optimism could be based on historical trends where consumers tend to spend more during festive seasons.

In terms of expansion, the company's branded business network managed to add 28 stores on a net basis during Q1. Additionally, its ethnic businesses extended the network by 12 stores. This indicates a continued effort to expand their physical store presence despite the challenging financial performance.

Rising online sales

Furthermore, the company's e-commerce sales demonstrated growth, increasing by 12% year over year (YoY).

This suggests that their online sales channel has been performing relatively well compared to their overall financial performance.

It's important to note that financial results can be influenced by a variety of factors, including economic conditions, consumer behavior, industry trends, and management decisions.

The company's ability to navigate these factors and execute its strategies will likely determine its future financial performance.

Latest Textile Events

Brands-To-Retail 07-08-2023

Madame's 'Fashionable & Free' ad films spark empowerment through style

10 August 2023, Mumbai

Iconic fashion brand Madame's groundbreaking "Fashionable & Free" ad films have ignited a style revolution. With the first film celebrating "Bias-Free, Comparison-Free, and Judgement-Free" values, the second film, premiering August 11, champions "Shackle-Free, Obligation-Free, and Baggage-Free" essence.

Break free

Madame's message empowers individuals to break free from societal constraints, unleashing their unique fashion narrative and soaring confidently. Sumedha Jain, Madame's Head of Marketing Communications, enthused, "These ad films inspire bold style choices and self-empowerment."

Catch the cinematic brilliance and transformative spirit on Madame's YouTube channel from August 9. Fashion isn't just attire; it's a canvas for fearless self-expression.

Latest Textile Events

Brands-To-Retail 10-08-2023

Levi's x Ghibli: Princess Mononoke collab

07 August 2023, Mumbai

Levi's® and Studio Ghibli have come together to create a stunning collection of denim inspired by the beloved animated film Princess Mononoke.

The collection features pieces that capture the film's lush landscapes, mystical characters, and timeless environmental themes.

Nuances

From the San & Wolf Trucker Jacket to the Ashitaka 501® '93 Jeans, each piece in the collection is a work of art.

The denim is dyed in deep indigo shades that evoke the film's dark forests, and the designs are inspired by the film's characters and creatures.

All about collection

It also includes graphic tees and hoodies that feature quotes from the film, as well as accessories like a bandana and bucket hat.

The Levi's® x Princess Mononoke collection is a must-have for fans of the film and anyone who appreciates beautiful, well-made denim. The collection launches on August 10th, 2023.

Latest Textile Events

Brands-To-Retail 07-08-2023

Mafatlal Industries Reports Q1 Profit Surge

05 August 2023, Mumbai

Mafatlal Industries Ltd posts impressive Q1 results, with a 73 percent rise in net profit to Rs 27 crore ($3.3 million) compared to the previous year.

Growth kickers

The company's revenue also surges by 52 percent to Rs 608 crore, driven by large state government tenders constituting 71 percent of operations revenue.

CEO M B Raghunath credits strategic execution and outsourcing for sustainable growth and profitability.

Mafatlal Industries, a leading textile player under the Arvind Mafatlal Group, offers a diverse product range, including suiting, shirts, fabrics, and uniforms.

Latest Textile Events

Brands-To-Retail 07-08-2023

Madame Launches Fashion Ad Campaign for Freedom

09 May 2023, Mumbai

The fashion world is abuzz with excitement as the iconic fashion brand, Madame, has launched its highly anticipated ad film titled "Fashionable & Free."

These captivating ad films embody the spirit of freedom, expression, and empowerment through fashion, making a bold statement about individuality and self-discovery.

Two-part ad campaign challenges

Madame's first ad film spotlights their core values of being "Bias-Free, Comparison-Free, and Judgement-Free." In a society burdened by expectations and norms, Madame's message emerges as a refreshing call to break free from conformity and embrace individual style without constraints.

The stage is set for the premiere of the second ad film on August 11th, revealing the essence of "Shackle-Free, Obligation-Free, and Baggage-Free." This empowering film encourages the audience to liberate themselves from societal pressures and embrace fashion choices that allow them to soar with confidence.

Fashion is more than just garments

It is a powerful medium of self-expression and freedom. Madame's "Fashionable & Free" ad films encourage individuals to view fashion as a canvas for their own personal narrative, a tool to communicate their authentic selves to the world without fear or hesitation.

"We are absolutely thrilled to unveil our 'Fashionable & Free' ad films, which are a true reflection of Madame's identity as a brand that celebrates individuality and freedom through fashion," exclaimed Sumedha Jain, Head of Marketing Communications, Madame.

"Through these ad films, we want to inspire everyone to embrace their unique style, be bold in their choices, and feel empowered in their own skin.

The ad film is available for viewing on Madame's official YouTube channel starting August 9th, and fashion enthusiasts and admirers of the brand can expect to be captivated by the cinematic brilliance and powerful message these films convey.

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Brands-To-Retail 09-08-2023

Fashion Design Council honors Couturiers at Hall of Fame event

07 August 2023, Mumbai

The Fashion Design Council of India (FDCI) celebrated its third Couture Hall of Fame event, honoring seven prominent couturiers for their outstanding contributions to the Indian fashion industry.

The event, held after India Couture Week, saw designers like Rahul and Divya Mishra recognized for showcasing Indian couture at Paris Haute Couture Week.

Husband and wife duo Falguni and Shane Peacock were felicitated for their fashion contributions.

Gliterrati

The evening brought together the Indian fashion community in a splendid setting, acknowledging the unique and revolutionary creations of designers like Gaurav Gupta, AnjuModi, VarunBahl, Shantanu and Nikhil Mehra, and Amit Aggarwal.

Ambika Anand led the ceremony as the emcee.

Latest Textile Events

Brands-To-Retail 07-08-2023

Fashion Design Council honors Couturiers at Hall of Fame event

Armani Exchange Unveils Elegant Outlet at Ahmedabad's Palladium Mall

07 August 2023, Mumbai

Armani Exchange inaugurates a chic outlet at Ahmedabad's Palladium Mall, expanding its presence in Gujarat.

Trendy

The store's stylish open façade and interior blend black hues with natural wood, showcasing trendy cap collections, bags, and accessories.

Palladium Mall, known as Gujarat's luxury destination, features various esteemed brands.

A|X Armani Exchange, influenced by street and youth culture, offers accessible luxury since its establishment in 1991 in the US.

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Brands-To-Retail 07-08-2023

Urbanic goes big in India

09 August 2023, Mumbai

Urbanic, a women's clothing brand, has recently undergone a comprehensive rebranding initiative.

This effort includes a broadened target demographic, now encompassing women aged 18 to 35, along with the launch of a dedicated website tailored to the Indian market.
To support its ambitious growth endeavors, the company is also strengthening its supply chain team in India.
Undergoes a makeover
The brand's fresh logo and visual identity aptly convey its dedication to fostering creativity and inclusiveness.

Evident in its new slogan, "Our existence is intertwined with yours," is Urbanic's unwavering commitment to showcasing a diverse spectrum of women.
The newly established Urbanic India website is set to offer an expanded array of products and services, catering to its rapidly expanding customer base.
To appeal to a wider audience
Strategising; This digital platform is also poised to introduce innovative features and functionalities, such as a personalized shopping journey and real-time chat assistance.
Urbanic's strategic rebranding and expansion strategy underscore its resolute dedication to fostering growth within the Indian market.
The company is excellently positioned to harness the escalating demand for stylish yet affordable high-quality fashion in India.

Latest Textile Events

Brands-To-Retail 09-08-2023

Barcelona launches exclusive outlet in UP, reveals Sonu Sood as ambassador

07 August 2023, Mumbai

Barcelona, the men's fashion brand, has inaugurated an exclusive outlet in Uttar Pradesh's Vivek Nagar district, adding to its growing brick-and-mortar presence.

The store, situated at Meher Kothi, features the latest summer collection, including trousers, casual graphic tees, and printed shirts. Sonu Sood, the brand's new celebrity ambassador, was unveiled during the opening.

IPO

Having expanded rapidly in recent months, the brand is also preparing for an upcoming initial public offering after securing a Rs 5 crore investment from GetVantage in April.

Jaimin Gupta founded Barcelona in 2015, offering a range of Western wear for men.

Latest Textile Events

Brands-To-Retail 07-08-2023

VIP Industries Q1FY24 results declared

05 August 2023, Mumbai

VIP Industries Ltd records a 16% dip in Q1 net profit at Rs 58 crore ($12.2 million) compared to Rs 69 crore last year.

Despite this, revenue rises by 8% to Rs 636 crore.

Aspirational

VIP aims to expand its retail presence in tier 2 cities and targets 800 brand outlets by FY24.

With popular brands like Carlton, Skybags, and Caprese, VIP owns 22% of India's market share and operates over 600 showrooms and e-commerce platforms.

Latest Textile Events

Brands-To-Retail 07-08-2023