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EUROJERSEY a successful start to 2022. Increasing turnover and preparing for new investments

16 February 2022, Mumbai:

A Carvico Group company at the top of the international textile industry in the field of warp-knitted technical fabrics represents Made in Italy style and creativity interpreted by its Sensitive® Fabrics.

Thanks to an entrepreneurial strategy that combines innovation and constant attention to quality with sustainable development of its large-scale production, as well as promoting continuous economic investments related to the fine-tuning of the production process, the Company has a growing turnover. The year 2022 will see investments and resources of around 9 million Euros.

Matteo Cecchi's email & phone | EUROJERSEY S.p.A.'s Business Unit Director,  Product and Sales email

"The areas involved," confirms Andrea Crespi, General Manager of EUROJERSEY, "concern the completion of the new Atelier division in the Knitting department, which when fully operational will have 12 looms, the development of the Dyeing project with the implementation of new dyeing machines with the aim of reducing water use by 15%, and the inclusion of new machinery for the preparation and finishing of fabrics."

ALSO READ: EUROJERSEY presents the printing technologies of the Lingerie Collection SS23 of SensitiveR Fabrics

Thanks to investments in recent years, the Company increased its turnover in 2021 by +27.5% compared to 2020.

"Not only that," says Matteo Cecchi, Sales Director, "we can say that we are at +10% compared to 2019, having closed 2021 with a turnover of 80 million.

The priority objective now for 2022 is to consolidate the results achieved and aim for a further increase of +5% on the previous year".

 

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EUROJERSEY a successful start to 2022.  Increasing turnover and preparing for new investments

Manyavar owned by Vedant Fashions IPO: Stock Exchange Debut

16 February 2022, Mumbai:

Vedant Fashions |

The listing was on expected lines given the tepid response from investors, expensive valuations, the complete offer for sale issue, and the market volatility.

Vedant Fashions is the largest company in India in the men's Indian wedding and celebration wear segment.

Vedant Fashions Limited

Vedant Fashions, which offers Indian wedding and celebrations wear, started off first day first trade on a positive note as the stock listed with an 8 percent premium to issue price of Rs 866.

It was the third debut on the bourses in 2022 after AGS Transact Technologies and Adani Wilmar.

The stock opened at Rs 936 on the BSE, and the opening price on the NSE was Rs 935.

Manyavar’s owner Vedant Fashion’s IPO oversubscribed

The listing was on expected lines given the tepid response from investors, expensive valuations, the complete offer for sale issue and the market volatility.

The maiden public offer of Vedant Fashions saw 2.57 times subscription during February 4-8 as the maximum support was led by qualified institutional buyers whose reserved portion was subscribed 7.49 times.

ALSO READ: Manyavar’s owner Vedant Fashion’s IPO oversubscribed

However, there was muted demand from non-institutional investors and retail investors whose allotted quota was booked 1.07 times and 39 percent respectively

Will market sentiment weigh? Vedant Fashions, the ethnic wear brand Manyavar owner, to be listed on February 16 The company raised Rs 3,149.19 crore through its public issue that was entirely an offer for sale by promoter and investors.

Hence, the company did not receive issue proceeds as the IPO money was received by the selling shareholders.

The price band for the offer was Rs 824-866 per share. Most of the analysts had recommended the issue for long-term gains and not for listing gains.

 

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*Figures mentioned in the above article have been sourced from Money control & Zeebiz article.

Manyavar owned by Vedant Fashions IPO: Stock Exchange Debut

adidas Supervisory Board extends appointments of Roland Auschel and Brian Grevy

12 February 2022, Mumbai:

At its meeting today, the Supervisory Board of adidas AG extended the appointment of Executive Board member Roland Auschel, responsible for Global Sales, by two years beyond 2022 until the end of 2024. Roland Auschel has been member of the Executive Board of adidas AG since 2013.

At the same time, the Supervisory Board of adidas AG extended the appointment of Executive Board member Brian Grevy, responsible for Global Brands, by five years beyond 2022 until early 2028. Brian Grevy has been member of the Executive Board of adidas AG since 2020.

ALSO READ  ADIDAS: SPORTS BRA PORTFOLIO

On behalf of the Supervisory Board, I am very pleased to announce that we have extended the appointments of both Roland and Brian. Our long-term strategy ‘Own the Game’ has the consumer at its heart.

Both Roland and Brian play key roles in bringing this consumer focus to life with their respective functions. We are convinced that they will continue the successful execution of our strategy together with the entire Executive Board”, stated Thomas Rabe, Chairman of the Supervisory Board of adidas AG.

 

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adidas Supervisory Board extends appointments of Roland Auschel and Brian Grevy

ADIDAS: SPORTS BRA PORTFOLIO

10 February 2022, Mumbai:

A sports bra is the single most important piece of workout apparel for those with breasts, but 90% of women aren’t wearing the right size.

That’s why we’ve re-engineered our entire portfolio with 43 new styles, available in 72 sizes, catering to more bodies and workouts than ever before. In sport, everybody should feel free and inspired by what their bodies can achieve.

But women’s needs are historically underserved when it comes to sportswear designed to support the female form. In fact, just 17 years ago when Professor Joanna Wakefield-Scurr set up a pioneering research group in breast health at the University of Portsmouth, there were only 6 scientific studies on the biomechanics and support requirements of the breast, while there were 1000’s of studies on sports shoes.

Together with Professor Wakefield-Scurr and the University of Portsmouth, we set out to shine a light on the importance of proper breast support, and the lifechanging benefits it can have on sports participation and performance.

WHY WE NEED A SPORTS BRA If breasts aren’t properly supported during running, they can move up to 19cm and could experience the same G force as an F1 driver. This is because there are no muscles in the breast.

READ MORE: Sandesh Jhingan, an Indian footballer, has signed a deal with Adidas

Instead, it is a lump of tissue that sits in front of the pec muscles, but it is not attached to them. The only natural support the breast has is the skin and the Cooper’s ligaments, which are very thin, stretchy structures that exist to protect the milk-producing parts of the breast, but not to lift and hold it.

“Unknown to many, athletes may require the same amount of breast support during power walking as they do during sprinting, and a lack of support has the potential to cause irreversible damage.

Women Training Black Believe This Primeblue Bra

Breast movement in sport continues to be an area that is overlooked,” explains Professor Joanna Wakefield-Scurr. So the fact is, we don’t have enough natural support in the breast to hold it firmly in place.

When we move, the breast moves, which can cause breast pain, permanent breast tissue damage, and impact sports performance. THE SCIENCE OF SUPPORT Women’s bodies and breasts come in many sizes, and there are endless ways in which they move during exercise. There really is no ‘one size fits all’ when it comes to bras, and due to a lack of choice, it’s not surprising that 90% of women aren’t wearing the right sports bra size.

A sports bra is the single most important piece of workout apparel for those with breasts, but 90% of women aren’t wearing the right size. That’s why we’ve re-engineered our entire portfolio with 43 new styles, available in 72 sizes, catering to more bodies and workouts than ever before. In sport, everybody should feel free and inspired by what their bodies can achieve.

But women’s needs are historically underserved when it comes to sportswear designed to support the female form. In fact, just 17 years ago when Professor Joanna Wakefield-Scurr set up a pioneering research group in breast health at the University of Portsmouth, there were only 6 scientific studies on the biomechanics and support requirements of the breast, while there were 1000’s of studies on sports shoes.

Together with Professor Wakefield-Scurr and the University of Portsmouth, we set out to shine a light on the importance of proper breast support, and the lifechanging benefits it can have on sports participation and performance.

WHY WE NEED A SPORTS BRA If breasts aren’t properly supported during running, they can move up to 19cm and could experience the same G force as an F1 driver. This is because there are no muscles in the breast.

Instead, it is a lump of tissue that sits in front of the pec muscles, but it is not attached to them. The only natural support the breast has is the skin and the Cooper’s ligaments, which are very thin, stretchy structures that exist to protect the milk-producing parts of the breast, but not to lift and hold it.

“Unknown to many, athletes may require the same amount of breast support during power walking as they do during sprinting, and a lack of support has the potential to cause irreversible damage.

Breast movement in sport continues to be an area that is overlooked,” explains Professor Joanna Wakefield-Scurr. So the fact is, we don’t have enough natural support in the breast to hold it firmly in place. When we move, the breast moves, which can cause breast pain, permanent breast tissue damage, and impact sports performance.

THE SCIENCE OF SUPPORT Women’s bodies and breasts come in many sizes, and there are endless ways in which they move during exercise. There really is no ‘one size fits all’ when it comes to bras, and due to a lack of choice, it’s not surprising that 90% of women aren’t wearing the right sports bra size.

 

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*Figures mentioned in the above article have been sourced from News.ADIDAS article. 

 

 

ADIDAS: SPORTS BRA PORTFOLIO

Myntra: 2nd Edition of Kurta & Saree Festival

15 February 2022, Mumbai:

Myntra Announces The Second Edition Of Its Kurta And Saree Fest; Set To Host ~500 Indianwear Brands Showcasing Over 1,25,000 Styles From Across The Country.

As one of the go-to destinations for Indian wear in the country, Myntra announces the second edition of its Kurta and Saree Festival, being held on 15th and 16th February on its platform.

lh3.googleusercontent.com/1K3UXc9eo1Vhy6IV0tdB5...

Myntra’s massive Indian wear portfolio currently hosts around 2,00,000 + styles with the largest collections from popular brands such as Biba, W, Libas Aurelia, Pantaloons, Fabindia, House of Pataudi and Pothys among others.

Of these, the event will witness participation from over 500 sought-after brands showcasing their signature collections that span across elegant traditional, graceful handloom and modern contemporary types of Kurtas and Sarees.

ALSO READ: Myntra Beauty launches French natural skincare brand, Caudalie, on its platform

W, Biba, Aurelia, Libas, Anouk, Global Desi, Pothys, House of Pataudi, Sangria, Vishudh, The Chennai Silks, Taneira, Taavi, Neeru’s, Indya, and Meena Bazaar are some of the popular brands that have amazing offers as a part of the ongoing two day event.

The Indian wear on Myntra is currently witnessing promising growth, largely driven by fashion loving women consumers.

Myntra has also been adding 1000 fresh styles across popular categories such as Kurta Sets, Kurtas, Sarees and Ethnic Dresses, every week to its collection, thereby ensuring its women shoppers always have something new to look forward to regularly.

 

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*Figures mentioned in the above article have been sourced from India Education Diary article.

Myntra: 2nd Edition of Kurta & Saree Festival

TCNS Clothing Company (Brand 'W') Q3FY22 results

12 February 2022, Mumbai:

TCNS Clothing Co. Limited has reported Standalone financial results for the period ended December 31, 2021. Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 333.214 crores during the period ended December 31, 2021 as compared to Rs. 254.154 crores during the period ended September 30, 2021.

TCNS Clothing Company Ltd | LinkedIn

The company has posted net profit / (loss) of Rs. 25.064 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 11.073 crores for the period ended September 30, 2021.

ALSO READ: Indian Terrain Q3 FY22 results

The company has reported EPS of Rs. 3.85 for the period ended December 31, 2021 as compared to Rs. 1.70 for the period ended September 30, 2021.

 

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*Figures mentioned in the above article have been sourced from Equity Bulls Money Control article. 

TCNS Clothing Company (Brand 'W') Q3FY22 results

Go Fashion Q3 FY22 Results

09 February 2022, Mumbai:

*Go Fashion (India), one of the leading women’s bottom-wear brands in the country, has clocked a 33 per cent increase in PAT (profit after tax) in the Q3 of FY22 as compared to Q3 of FY21.

The PAT has shot up to Rs 23.7 crore as against Rs 17.8 crore in Q3 of FY21.

The total revenue of the company has jumped by 47 per cent to Rs 142 crore in the third quarter of FY22 from Rs 96.9 crore in the same period last year.

Go Fashion - Home | Facebook

About Go Fashion

*Go Fashion (India) Private Limited retails women's apparel. The Company offers leggings, jeggings, palazzo, pants, tops, t-shirts, and diaper shorts.

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*Figures mentioned in the above article have been sourced from ET Money Control & BLOOMBERG article. 

Go Fashion Q3 FY22 Results

Indian Terrain Q3 FY22 results

12 February 2022, Mumbai:

Indian Terrain Fashions Limited has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison The company has reported total income of Rs. 103.73 crores during the period ended December 31, 2021 as compared to Rs. 99.14 crores during the period ended September 30, 2021.

Indian Terrain Fashions Q3FY22 PAT at Rs. 1.48 crore | EquityBulls

The company has posted net profit / (loss) of Rs. 1.48 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 1.96 crores for the period ended September 30, 2021.

ALSO READ: Rupa & Co Q3 Results

The company has reported EPS of Rs. 0.36 for the period ended December 31, 2021 as compared to Rs. 0.48 for the period ended September 30, 2021.

Shares of Indian Terrain Fashions Limited was last trading in BSE at Rs. 55.90 as compared to the previous close of Rs. 56.70. The total number of shares traded during the day was 45811 in over 1070 trades.

The stock hit an intraday high of Rs. 57.85 and intraday low of 55.05. The net turnover during the day was Rs. 2575853.00.

 

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*Figures mentioned in the above article have been sourced from Equity Bulls Money Control ET article. 

Indian Terrain Q3 FY22 results

Manyavar owner-Vedant Fashions IPO: Stock listing on Feb 16

10 February 2022, Mumbai:

Manyavar owner-Vedant Fashions IPO share allotment is likely to be finalized on Friday (11 February 2022).

The initiation of refunds or unblocking of funds from the ASBA account will take place on 14 February, and the equity shares will be credited to depository accounts of allottees on 15 February 2022.

Manyavar, Vedant Fashions: Last Day of IPO

The equity shares of vedant Fashions will make their stock market debut on 16th February 2022. The Rs 3,149 crore Vedant Fashions IPO received an overwhelming response by the investors as it got subscribed 2.57 times on the final day.

In the grey market, Vedant Fashions shares were quoting at a premium of Rs 6 per share over the IPO price of Rs 866 apiece.

ALSO READ: Manyavar, Vedant Fashions: Last Day of IPO

Vedant Fashions shares were seen trading at Rs 872 apiece, a 0.6 per cent premium in the grey market, over the issue price, according to the people who deal in shares of unlisted companies. The IPO investors can check the IPO allotment status via BSE and the registrar’s websites.

The registrar of the issue is Kfin Technologies Private Ltd, a SEBI-registered entity, responsible for the IPO allotment and refund processing.

 

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*Figures mentioned in the above article have been sourced from Financial Express article. 

 

 

Manyavar owner-Vedant Fashions IPO: Stock listing on Feb 16

SHREE an Indian ladies ethnic wear brand expands its retail footprint

09 February 2022, Mumbai:

SHREE an Indian ladies ethnic wear brand expands its retail footprint in the overseas markets with the opening of its maiden store at City Centre, Sharjah UAE, and is well on its way to foray by opening its store at the City Centre Deira, Dubai in the near-term.

*Sheetal Kapoor, Co-founder & Director, SHR Lifestyle Pvt. Ltd. said, "We are excited about this new endeavour, launching our brand to our customers in UAE has been in the planning for a while and we are thrilled to see it come to life.

Soon, we will be launching an online e-commerce website for our UAE customers to shop SHREE online.

In the next two years, we see ourselves expanding to at least 200 outlets  pan India: Sandeep Kapoor

About SHR Lifestyles Private Limited

*It is a Non-govt company, incorporated on 24 Aug, 2011. It's a private unlisted company and is classified as'company limited by shares'. Company's authorized capital stands at Rs 300.0 lakhs and has 16.666668% paid-up capital which is Rs 50.0 lakhs.

SHR Lifestyles Private Limited last annual general meet (AGM) happened on 29 Sep, 2017.

The company last updated its financials on 31 Mar, 2017 as per Ministry of Corporate Affairs (MCA). SHR Lifestyles Private Limited is majorly in null business from last 11 years and currently, company operations are active.

Current board members & directors are SANDEEP KAPOOR, SHEETAL KAPOOR and MAHIMA KAPOOR .

 

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*Figures mentioned in the above article have been sourced from ET & Business Standard article. 

SHREE an Indian ladies ethnic wear brand expands its retail footprint

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