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Brands-To-Retail 02-06-2022

Go Global Retail acquires Brums Milano

02 June 2022, Mumbai:

Go Global Retail has acquired Brums Milano, a premium kidswear brandhaving over 150 corporate and franchise stores in Italy besides a strong online presence, offering apparel, footwear and accessories. Brums is also sold at La Binacente and via 300 independent wholesale locations across Italy.

Founded in 1951, Preca Brummel SpA is a well-known Italian childrenswear company. Based in Varese, Italy, the company designs, markets and distributes children's apparel and accessories under the Brums and MEK banners.

Brums is a classic Italian brand that has created lasting memories for generations of customers. Its focus is on elevated fabrics with clean designs and fine details in sizes from newborn to teen.

Brums Milano will continue to be based in Greater Milano. Go Global will invest in Brum's digital capabilities including artificial intelligence and predictive analytics. As a portfolio brand on the Janie and Jack platform, Brums Milano will initially focus on its core customers in Italy, with their modern take on children's fashion, and a commitment to sustainable product development and designs.

In this acquisition, Go Global will leverage back office synergies for technology, ecommerce, digital marketing, sourcing, and raw material collaboration for the two companies, creating a global premium childrenswear platform.

Brands-To-Retail 02-06-2022

ABFRL D2C: Prashanth Aluru To Be Its Head

02 June 2022, Mumbai:

Aditya Birla Group has announced the launch of its new D2C entity– TMRW, which will acquire as well as incubate 30 brands in the next three years.

RELEVANT NEWS ACIMIT, ITA organize Italian Pavilion @ Techtextil North America,May'22

The newly set up D2C entity TMRW intends to acquire as well as incubate direct-to-consumer fashion and lifestyle brands going forward.

ALSO READ ACIMIT's New Logo & Website

ABFRL decided to appoint Ex-Meta and Bain & Company executive Prashanth Aluru to lead the company’s new initiative TMRW.

The step is in tandem with the group’s aspiration, and vision strategy to launch and back new-age digital ventures.

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CREDITS: MINT

Brands-To-Retail 02-06-2022

ABFRL D2C: Prashanth Aluru To Be Its Head

Aditya Birla Group launches new venture -- TMRW

01 June 2022, Mumbai:

The Aditya Birla Group has launched a new venture under its House of Brands entity. Known as TMRW, the move involves launch of New Age digital ventures including a portfolio of disruptor brands in the fashion and lifestyle space. The move also facilitates the next phase of D2C growth in India. TMRW will acquire as well as incubate over 30 innovative, customer-obsessed brands. The brands will be managed by founders operating within a synergistic ‘house of brands’ platform that share a common vision and shared capabilities.

The new venture will be led by Prashant Aluru, Former CEO Facebook and Bain & Co as CEO & Co-Founder. He will set up a nimble and agile founding team with the right skill sets and capabilities. Having extensive experience in digital and technology strategy, growth and investing, Aluru has experience in helping build and scale new age ventures in Digital & E-Commerce.

Ashish Dikshit, Managing Director, ABFRL says, “The venture can help tap into the new wave of entrepreneurial energy in India. It will help the company expand ongoing program of strategically attracting new pools of capital that are seeking investment in high-growth businesses.”

Prashanth Aluru, CEO and Co-Founder, TMRW adds, “The support of Aditya Birla Group and long-term investment will help the company fuel growth of several brands besides shaping the next phase of digital commerce growth till 2030 and beyond.” Through its digital-first focus, the two companies will jointly create an ecosystem of the most-loved disruptor brands partnering closely with highly competent founders.

Brands-To-Retail 01-06-2022

V-Mart Retail: Q4FY22 results posted

30 May 2022, Mumbai:

V-MART Retail reported a strong operational performance with EBIDTA of Rs 54 crore and revenue of Rs 459 crore in the fourth quarter.

ALSO READ V-Mart Retail is a Great Place to Work

Fresher inventory, higher gross margin contribution from south India stores, lower discounts, and control over expenses led to better operational performance.

RELEVANT NEWS V-Mart to expand retail space

The company added 14 stores in the current quarter, taking the total to 380.

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Credits: TimesNow

Brands-To-Retail 30-05-2022

Barcelona owned by Stitched Textiles to launch IPO

01 June 2022, Mumbai:

An initiative of Stitched Textiles, apparel brand Barcelona has announced plans to launch an IPO. The company has filed a resolution for the IPO (Initial Public Offering) with Registrar Of Companies, Ahmedabad, Gujarat. Jaimin Gupta, Managing Director, Stitched Textiles says, the IPO is a major step forward in Barcelona’s mission to democratize the garment retail industry.

RELEVANT NEWS Barcelona, Menswear brand introduces 'B2B App to streamline distribution

The company is proceeding with IPO formalities with an aim to file DRHP in the month of June’2022.

India’s fastest growing apparel brand, Barcelona is a premium lifestyle player in the retail sector for men’s wear. Incepted in 2015, with over 10 stores initially, the brand has expanded to Tier II, III cities through franchises.

ALSO READ Barcelona targets second tier

As of now, Barcelona has over 90 stores and is a popular men’s wear garments at PAN India level. Barcelona’s retail presence spans over 50 cities and towns in India. The brand is also present in more than 6000 multi brand outlets across India.

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Brands-To-Retail 01-06-2022

Barcelona owned by Stitched Textiles to launch IPO

Puma India: Adds Maldives to syndicate with a new store launch

31 May 2022, Mumbai:

Sportswear brand Puma India has included Maldives into its syndicate that currently includes 19 other countries like Singapore, Indonesia, Malaysia, Thailand, Vietnam and Philippines.

The brand opened its first store in the Republic of Maldives, whose tourism has grown by triple digits in the last two years.

RELEVANT NEWS Puma launches new yoga collection featuring Kareena Kapoor Khan

Puma forayed into the Maldives market in partnership with sports and lifestyle marketplace Sonnee Sports.

The partnership will allow the brand to expand its offline retail presence and also explore ecommerce, sports clubs and other distribution channels in this new market.

ALSO READ Puma India: Looks to enter Maldives .

Located Male’s iconic shopping street Majeedhee Magu, the store is a one-stop destination for tourists and fashion enthusiasts besides the growing local football and futsal community.

Revenues of Puma India, grew to Rs 2.044 crore in fiscal year ending December 2021 The brand added 51 new stores in 2021 pushing up the exclusive store count to 450 in current fiscal.

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Brands-To-Retail 31-05-2022

Puma India: Adds Maldives to syndicate with a new store launch

W (TCNS Clothing): Bengaluru 'Experiential Store' opened

29 May 2022, Mumbai:

W brand owned by TCNS Clothing womenswear brand W has opened its largest experiential store to date in Bengaluru’s Indira Nagar.

ALSO READ W, TCNS Ltd- 'W is More'

The experiential store is comprised of two storey that offer a digitally enhanced shopping experience to its discerning customers. The storehouses literally W’s full-on brand's merchandise with an array of range displaying apparel, footwear, cosmetics, and jewellery and is designed to showcase 360-degree brand identity.

RELEVANT NEWS 'W' TCNS Clothing brand forays in beauty segment

The new store is a glimpse into the future of what the brand is going to bring to its consumers.

W is a classical example of a brand that has moved from an apparel-only brand to an aspirational lifestyle brand offering complete wardrobe solutions to its loyal discernible consumers, and this new store is a true testament to that.

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Credits: FashionNetwork

Brands-To-Retail 30-05-2022

W (TCNS Clothing): Bengaluru 'Experiential Store' opened

ABFRL: To enter D2C & improve visibility

01 June 2022, Mumbai:

Aditya Birla Group has announced the launch of its new D2C entity– TMRW, which will acquire as well as incubate 30 brands in the next three years.

RELEVANT NEWS ABFRL to raise funds through equity shares and warrants

On the back of ease of covid restrictions in some of the battered categories like apparel & modern retail, the brand is expecting a recovery in volumes and rural-semi-urban markets in the coming quarters and hence expected to increase visibility.

ALSO READ ABFRL To Raise Funds

The company owns brands like Louis Philippe, Van Heusen, Allen Solly, and Peter England and it also has partnerships with Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle, and Reebok.

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CREDITS: ET Retail

Brands-To-Retail 01-06-2022

Myntra: 'EORS' to kickoff from June 11

31 May 2022, Mumbai:

Myntra announces its 16th edition of its flagship 'End Of Reason Sale (EORS)' & it is to be held between June 11 and 16.

It is always a mega bonanza for shoppers of fashion and beauty, serving to millions of shoppers from across Tier-I and II cities and towns,

Expecting over 5,000 domestic and international brands to offer more than 14 lakh styles.

RELEVANT NEWS Myntra launches 48-hour delivery with ‘M-Express’

All the stakeholders offer unprecedented deals across a wide set of categories including home on the Myntra platform.

ALSO READ Bostreet launches first collection on Myntra

The platform intends to unleash its full potential to engage with its loyal discerning fashion-forward shopper base.

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CREDITS: Investing.com

Brands-To-Retail 31-05-2022

Indya launches a new premium occasion-wear line 'Indya Luxe'

29 May 2022, Mumbai:

Ethnic wear retailer Indya has launched ‘Indya Luxe’ - a range of traditional womenswear for the summer wedding season.

The collection features more fusion-style pieces for daywear from strappy crop tops to dress-style kurta sets as well as evening wear ensembles from peplum sarees to gathered lehengas.

RELEVANT NEWS 'Indya' launches line with designer Payal Singhal

The collection also features a range of pre-stitched sarees, designed for easy wearing but embellished with opulent sequins for a striking look.

ALSO READ Indya x Payal Singhal come up with 'Mehfil, festive collection

Indya provides a wide range of ethnic wear and also just released its summer 2022 collection for its mainline.

Entrepreneurs Shivani Poddar and Tanvi Malik launched Indya as an ethno-fusion brand in 2016, according to the brand’s website.

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Credits: FashionNetwork

Brands-To-Retail 29-05-2022

Indya launches a new premium occasion-wear line 'Indya Luxe'

Myntra: Bebe's India Master Distribution Rights Granted

01 June 2022, Mumbai:

Myntra Jabong Pvt. Ltd has been granted licensing agreement with bebe to assist it with wholesale distribution leveraging trade reach.

RELEVANT NEWS Myntra: Achint Setia quits as its Marketing Head

The San Francisco-based fashion global women's fashion brand, bebe, will be able to cater to the mass premium segment and is set to offer an extensive range of apparel across categories for women in India.

ALSO READ Myntra: 'EORS' to kickoff from June 11

Founded in 1976, the iconic fashion brand for women, has expanded its presence to a dozen other countries.

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Brands-To-Retail 01-06-2022

Myntra: Bebe's India Master Distribution Rights Granted

Dollar Industries: Q4FY22 Results Reported

30 May 2022, Mumbai:

Dollar Industries Limited, one of the leading hosiery brands in India, has announced that its total revenue for the fourth quarter. Its revenue for FY22 increased to ₹1,356.85 crore and EBITDA for Q4 FY22 was ₹59.16 crore.

ALSO READ Rajasthan Royals to sport Dollar logo on officer jerseys

As a part of the company’s Green Mission initiative, the existing 4MW Solar Power Plant will be increased by 2MW unit taking it up at 6MW.

RELEVANT NEWS Pepe breaks joint venture (JV) with 'Dollar Industries'

The company would open 125 Exclusive Brand Outlets, mostly in Tier 2 and Tier 3 cities, by 2025.

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Credits: Fibre2Fashion

Brands-To-Retail 30-05-2022

Page Industries Q4 FY2021-22 results posted

27 May 2022, Mumbai:

The fourth quarter net profit of apparel manufacturer Page Industries grew by 64.86 per cent to Rs 190.52 crore. The company had posted a net profit of Rs 115.56 crore during the January-March period a year ago.

Revenue from operations of the company grew by 26.15 per cent to Rs 1,111.11 crore during the quarter under review, as against Rs 880.76 crore in the year-ago period.

RELEVANT NEWS VS Ganesh promoted Page Industries’ new MD

PIL's total expenses increased by 18.58 per cent to Rs 870.04 crore,in Q4/FY 2021-22, as against Rs 733.69 crore in the corresponding period of 2020-21. For the fiscal year ended March 2022, PIL's net profit soared by 57.53 per cent to Rs 536.53 crore.

It had reported a net profit of Rs 340.58 crore in the previous fiscal.

Its revenue from operations was at Rs 3,886.46 crore in 2021-22. This is 37.18 per cent higher than Rs 2,832.96 crore in the year-ago period.

ALSO READ Page Industries unveils Restricted Substances List for supply chain

Page Industries is the exclusive licensee of Jockey International Inc (USA) for manufacture, distribution, and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE. It is also the exclusive licensee of Speedo International for the Indian market.

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Brands-To-Retail 28-05-2022