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Brands-To-Retail 16-05-2023

Kartik Aryan Joins Euro Fashion Inners to tap into Gen-Z

16 May 2023, Mumbai

Euro Fashion Inners, a leading innerwear brand owned by Rupa and Company Limited, has joined forces with renowned actor Kartik Aryan, who will serve as the brand ambassador for the 2023-24 season.

By enlisting Kartik Aryan as their brand ambassador, Euro Fashion Inners aims to capitalize on the actor's immense popularity and connect with a broader customer base, specifically targeting the Gen-Z and millennial demographics. Recognizing the influence of these younger consumer segments, the brand intends to expand its market reach and establish a stronger foothold in the premium innerwear segment.

Euro Fashion Inners has experienced rapid growth in recent years, positioning itself as one of the fastest-growing innerwear brands within the premium segment. With a focus on innovation and customer-centricity, the brand has consistently introduced new products and expanded its distribution network to strengthen its presence in the global consumer market.

Euro Fashion Inners, owned by Rupa and Company Limited, is a leading innerwear brand in India. With its headquarters in Kolkata, the company has been a key player in the innerwear industry since its establishment in 1960. Offering a wide range of products for men, women, and children, Euro Fashion Inners distributes its merchandise through a network of distributors and retailers across India.

The brand's commitment to quality and innovation has been reflected in its remarkable growth. In 2022, Euro Fashion Inners reported a turnover of ₹1,000 crore (US$125 million).

The innerwear market in India, estimated to be worth ₹10,000 crore, is experiencing a steady growth rate of 10% annually.

The men's innerwear segment is the largest, followed by the women's innerwear segment, with the premium innerwear segment showing a faster pace of growth compared to the mass innerwear segment.

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Brands-To-Retail 16-05-2023

Les Petits: Unveils Exclusive SS'23 Collection

15 May 2023, Mumbai

Les Petits, the renowned luxury fashion brand specializing in children's apparel, has introduced an exquisite selection of exclusive SS '23 collections from prestigious brands such as Dolce & Gabbana, Versace, and Fendi.

What all you need to know

With a focus on capturing the spirit of summer, the new arrivals offer a diverse range of styles that perfectly complement the vibrant season.

Carefully curated by Les Petits, the collection showcases the essence of summer through each piece. The soothing floral print garments from Dolce & Gabbana provide a refreshing respite from the scorching heat. The brand's illustrative logos and bohemian print T-shirts and bodysuits for children add a touch of whimsy to the collection.

Versace's offerings exude tranquility with Medusa print T-shirts and embody the various hues of summer with Greca pattern dresses and babygrows. Meanwhile, Fendi's line emanates a cool and youthful vibe with graphic T-shirts, enhanced by a pastel color palette that reflects sophistication and luxury.

During the launch, Ms. Swati Saraf, President of Les Petits, expressed her excitement, stating, "Our new Spring/Summer '23 collection features colorful and printed clothing that encourages children to elevate their fashion sense even during the summer season.

Understanding that children prefer lighter garments in rising temperatures, we have amplified their style quotient with playful prints, soothing pastel colors, unique patterns, and textures that perfectly embrace the dynamic nature of this season."

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Brands-To-Retail 15-05-2023

Allen Solly opens 5,000 sq ft Bangalore store

10 May 2023, Mumbai

Allen Solly opens a flagship store in Bangalore with a range of wardrobe options for men, women, and juniors.

The 5000 sq ft space promises a shopping extravaganza with premium products and innovative styles, including suits and blazers under The Tuxedo wedding collection.

The launch is part of Allen Solly’s expansion plan and dedication to delivering comfort and performance to modern consumers. COO Richa Pai expressed delight in building stronger connections with consumers in Bangalore.

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Brands-To-Retail 10-05-2023

Go Fashion reports Q4FY23 results

Go Fashion India Ltd has announced its standalone financial results for the period ending March 31, 2023. The company's total income for the quarter was reported at Rs. 160.1987 crores, showing a decrease from the previous quarter's total income of Rs. 179.4283 crores. Similarly, the net profit for the quarter stood at Rs. 14.7759 crores, compared to Rs. 24.3138 crores in the previous quarter.

When comparing the financial results with the same quarter of the previous year, Go Fashion India Ltd demonstrated growth. The total income for Q4 FY2023 was significantly higher at Rs. 160.1987 crores compared to Rs. 119.4479 crores in Q4 FY2022. The net profit also showed an increase, reaching Rs. 14.7759 crores in Q4 FY2023 compared to Rs. 12.3008 crores in Q4 FY2022.

For the financial year ending March 31, 2023, Go Fashion India Ltd witnessed substantial growth. The total income for the year was reported at Rs. 677.1943 crores, marking a significant increase from the previous year's total income of Rs. 422.1069 crores. The net profit for the year reached Rs. 82.7982 crores, compared to Rs. 35.6008 crores in the previous year.

It showcased mixed financial performance in the latest quarter, with a decrease in total income and net profit compared to the previous quarter. However, when considering the year-on-year comparison, the company displayed notable growth in all key financial indicators, indicating positive momentum and potential for future success in the fashion industry.

Brands-To-Retail 08-05-2023

Plutus Investments to acquire apparel brand Provogue

15 May 2023, Mumbai

Apparel company Provogue is set to be acquired by Rajkot-based investment firm Plutus Investments and Holding Private Limited, as per a recent order from the national company law tribunal (NCLT). The acquisition comes after a prolonged legal battle that resulted in the company's liquidation being ordered back in October 2019.

During the pre-liquidation stage, Provogue received resolution proposals from Donear and a consortium involving its former promoters, Nikhil Chaturvedi and Salil Chaturvedi. However, the company's creditors rejected both plans, leading to the decision for liquidation.

The financial creditors of Provogue include Andhra Bank, Bank of India, Central Bank of India, Indusind Bank, and Punjab National Bank. In 2018, Provogue entered insolvency with a debt burden exceeding Rs 300 crore, which it was unable to repay.

Plutus Investments and Holding Private Limited's parent company, Plutus Wealth, is based in London.

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Brands-To-Retail 15-05-2023

Sloggi debuts cutting-edge comfort at Triumph event

10 May 2023, Mumbai

Triumph, a globally renowned lingerie fashion brand, recently presented its highly anticipated spring/summer '23 collections at the prestigious Triumph Rendezvous fashion show.

The event, held at the ITC Grand Maratha in Mumbai, showcased Triumph and Sloggi's vibrant and diverse designs, giving fashion enthusiasts a glimpse into the upcoming autumn/winter '23 lineups.

The Triumph Rendezvous fashion show captivated attendees with its eclectic mix of classic shades, striking prints, and pastel color palettes.

The runway presentations featured bold looks and thematic displays, including a segment dedicated to celebrating plus-size fashion. Triumph's elegant lingerie empowered women, allowing them to express their personal style and embrace their individuality.

One of the highlights of the event was the unveiling of Triumph Triaction, an innovative collection of sports bras and leggings that provide exceptional flexibility and comfort.

This marked the brand's foray into activewear, demonstrating its commitment to meeting the evolving needs of its customers. Additionally, the fashion show marked the first-ever display of Sloggi's cutting-edge and comfort-driven range, capturing the brand's free-spirited vibe.

Sloggi's seamless and wireless Zero Feel line, specifically designed for the hot summer months, garnered significant attention and praise. With its expanding product range and focus on customer delight, Triumph continues to redefine the boundaries of the lingerie industry while capturing the hearts of fashion-forward individuals worldwide.

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Brands-To-Retail 10-05-2023

Macroman M-Series appoints filmstar Yash as new

07 May 2023, Mumbai

Macroman M-Series, a renowned lifestyle and fashion brand specializing in Innerwear, Athleisure, Sportswear, Thermal wear, and Socks, has announced its latest collaboration with superstar Yash, who will serve as the brand ambassador.

By teaming up with Yash, Macroman M-Series aims to leverage its star power to expand its customer base and reinforce its position as a leading lifestyle and fashion brand. The collaboration reflects the brand's ongoing commitment to delivering innovative and high-quality products that resonate with consumers.

Previously endorsed by popular actors Hrithik Roshan and Ranbir Kapoor, Macroman M-Series has established a strong presence both domestically and internationally.

Macroman is a brand owned by Rupa & Co. Ltd., which is one of the leading knitwear manufacturers in India. Rupa & Co. has a robust manufacturing infrastructure and operates multiple manufacturing units across India.

The company also has an extensive distribution network that allows its products to reach a wide range of customers across the country.

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Brands-To-Retail 08-05-2023

Dior launches exclusive Lady Dior handbag collection for India with Ananya Panday

13 May 2023, Mumbai

Dior, the renowned luxury fashion house, has made a striking addition to its iconic Lady Dior handbag line exclusively for the Indian market. Collaborating with Bollywood celebrity Ananya Panday, Dior unveiled a signature handbag that showcases a captivating print from its highly anticipated fall 2023 runway show.

This exclusive release aims to cater to the discerning taste of the Indian clientele while bolstering Dior's presence in the rapidly expanding Indian luxury market. The brand's recent focus on India is further evident through its decision to host the Fall 2023 runway show in the country.

Dior's commitment to nurturing local craftsmanship and infusing Indian elements into their collections solidifies their dedication to capturing the essence of Indian culture while maintaining their global brand identity.

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Brands-To-Retail 13-05-2023

Dior launches exclusive Lady Dior handbag collection for India with Ananya Panday

Raymond reported results for Q4FY23

09 May 2023, Mumbai

Raymond Ltd has reported a nearly 6% increase in quarterly core profit, driven by higher sales in its textiles and apparel businesses.

The company's consolidated earnings before interest, taxes, depreciation, and amortization (EBITDA) reached 3.79 billion rupees ($46.34 million) for the three-month period ending on March 31, compared to 3.58 billion rupees in the previous year.

However, despite the growth in core profit, Raymond's net profit declined by over 26% to 1.94 billion rupees during the same period.

This drop can be attributed to a larger tax deferment that boosted profitability in the corresponding quarter of the previous fiscal year.

During the quarter, Raymond witnessed a 10% rise in revenue, reaching 21.50 billion rupees.

Textile sales experienced a slight increase, while the apparel and garment segments achieved significant jumps of 18.9% and 43.6% in sales, respectively.

India's retail inflation showed signs of easing towards the end of the quarter and is expected to decrease further in the current fiscal year.

This development, coupled with rising disposable incomes, is anticipated to stimulate consumer spending and contribute to a recovery in demand.

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Brands-To-Retail 10-05-2023

Nike's latest concept store in Rajasthan offers bespoke high-performance products

05 May 2023, Mumbai

Nike, the American sports brand, has opened its latest concept store in Jaipur, Rajasthan, marking the second such store in the city. The new Nike store is fourth store in the city, located at Queens Road, Vaishali Nagar, offers a range of footwear, apparel, and accessories.

The store offers a bespoke range of high-performance footwear and apparel. The store is designed "For Her, For All" and boasts a product range encompassing everything from running and training to lifestyle products, all crafted with the utmost attention to detail.

Nike has been operating in India since 2005, and the brand has expanded its presence in the country with an extensive retail network. In addition to its stores, Nike also has a significant online presence through its website and other e-commerce platforms.

Apart from its retail operations, Nike has also been actively involved in promoting sports in India through various initiatives. The brand has collaborated with several Indian athletes, including cricketer Virat Kohli, to encourage more people to engage in sports and fitness activities.

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Brands-To-Retail 05-05-2023

Nike's latest concept store in Rajasthan offers bespoke high-performance products

Alia Bhatt joins Gucci, Deepika Padukone with Louis Vuitton as global ambassadors

12 May 2023, Mumbai

Alia Bhatt has secured an enviable brand deal with the renowned Italian fashion house, Gucci.

What all you need to know

She becomes the first Indian artist to be appointed as Gucci's Global Ambassador, signaling a new era of representation and recognition for Indian talent on the international stage.

Reports indicate that she will grace the runway at Gucci's Cruise 2024 show in Seoul. This event carries additional significance as it celebrates Gucci's 25th year in the country, further underscoring the brand's enduring presence and influence in the fashion world.

However, Bhatt is not the sole Indian actress to have achieved such a monumental feat. Recently, Deepika Padukone was also announced as the global ambassador for luxury brand Louis Vuitton, solidifying the global recognition and impact of Indian women in the fashion industry.

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Brands-To-Retail 12-05-2023

Alia Bhatt joins Gucci, Deepika Padukone with Louis Vuitton as global ambassadors

MADAME's Disney-inspired collection sparks interest

09 May 2023, Mumbai

MADAME collaborates with Disney for a limited-edition collection of versatile and expressive streetwear and comfort clothing, featuring beloved Disney characters at affordable prices.

Available online and in select MADAME stores.

Madame is leaving no stone unturned to deliver a unique and immersive shopping experience, investing in the latest technology to make sure customers get the best of both worlds.

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Brands-To-Retail 09-05-2023

ZODIAC Unveils Its Latest Collection: The Vivace

03 May 2023, Mumbai

ZODIAC unveils its latest collection, The Vivace, featuring "Silk Touch" cotton shirts in colors inspired by the vibrancy of an Italian summer. The name "Vivace" embodies the lively essence and color of a country renowned for its style, fashion, and art.

Crafted from luxurious Egyptian Giza 86 cotton, the shirts are woven into a single 60's fabric with a "Silk Touch" finish, a signature feature of the Zodiac brand.

The collection features a range of vibrant colors inspired by the Amalfi Coast on the Italian Riviera. From fiery orange, reminiscent of Sicilian mandarins, to Mediterranean blue from the Italian sea, sparkling red from the region's famous pasta sauce, lively greens from the olive groves of Tuscany, and sunny yellow taken from the region's Limoncello drink.

Commenting on the launch, Mr. Salman Noorani, Vice Chairman & M.D. of ZCCL*, said, "Every summer, ZODIAC customers eagerly anticipate our Vivace Collection. They believe it adds an Italian panache and flair to their summer wardrobe.

Our unique selling point is the 'Silk Touch' 100% cotton, which gives an extremely luxurious hand feel to the shirts."

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Brands-To-Retail 03-05-2023