15 March 2022, Mumbai:

Sports brand PUMA launched its digitally-enabled experiential store at Orion Mall in Bengaluru today.

This is PUMA’s largest store in South India.

The store launch was attended by KL Rahul, Vice-Captain of the Indian cricket team & PUMA athlete, and Bollywood Actor Athiya Shetty.

ALSO READ PUMA: Celebrates This Women’s Day In A Style

PUMA’s newest store is a significant step by the brand to provide an unprecedented experience to its shoppers and create meaningful offline engagement. With a focus on bringing technology, sports, and experiential retail under one roof, the store has state-of-the-art offerings including F1 Simulators & interactive retail screens.

Throughout the year, the brand’s premium store will also showcase limited-edition global collaborations for men, women and children.

RELATED ARTICLE In India, Puma launches their second-largest shop

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CREDITS: Business News This Week (The news article has not been edited by DFU Publications staff).

12 March 2022, Mumbai:

Metro Brands Ltd has launched just the right footwear range for you.

The brand’s latest athleisure range ‘Activ’ is for consumers who are active in their everyday lives.

The new range makes their daily weekday hustle fun while also sprucing up their outdoor weekends jogging, walking, cycling, or even playing with the kids.

ALSO READ: Metro Brands signs strategic partnership deal with footwear brand 'FlipFlop'

‘Activ’ is available for both men and women in a variety of colors like black, grey, olive green, and pastel blue and pink and in a range of styles like slip-ons, lace knitwear, premium knitwear, zigzag heels, and cushion soles.

The collection is ideal for people who hustle to work, daily commuters on the move, morning walkers, and even for those heading out to a dance class.

ALSO READ: Metro Brands' net profit in the Q3 increased

Alisha Malik, President, E-commerce, and Marketing Metro Brands Ltd said, “Metro Brands Ltd believes in offering choices to consumers that enable them to remain true to their individuality.

The styles available for both men and women under the ‘Activ’ collection add the fun and quirky element for those who follow an action-packed routine through the week and love to hang out in the outdoors during weekends.”

RELATED ARTICLE This is going to be India’s decade: Nissan Joseph, CEO, & Farah Malik, MD, Metro Brands

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CREDITS: Indian Retailer.

15 March 2022, Mumbai:

At a glittering event, GJEPC the apex body of the gem & jewellery trade in India, felicitated Bijayananda Pattanayak, Executive Vice President and Head - Global Diamond & Jewellery Group, IndusInd Bank, for his unstinted service to the diamond and jewellery industry.

The felicitation ceremony was held in the presence of Colin Shah, Chairman, GJEPC; Arun Khurana, Deputy Managing Director, IndusInd Bank; Vipul Shah, Vice Chairman, GJEPC; Russell Mehta, Convener Diamond Panel, GJEPC; Ajesh Mehta, Convener, Banking, Insurance & Taxation Sub-Committee, GJEPC along with other prominent trade members from the diamond and jewellery industry and banking fraternity.

ALSO READ GJEPC: Alrosa Assurance Relieves Indian Diamond Industry

Expressing his gratitude to Pattanayak, Colin Shah, Chairman, GJEPC, said, “Biju Bhai's deep understanding of the entire chain of operations -- right from sourcing of rough diamonds to selling of jewellery -- makes him the true master of financing in the gem and jewellery trade.

Thanks to his keen analytical mind and knack for maintaining meaningful personal relations with all his clients, over the past few years, Biju Bhai has been the driving force in making IndusInd Bank one of the leading financiers for in mid-stream segment of the diamond supply chain.” Bijayananda Pattanayak, said, “It's an overwhelming moment for me to be honoured by GJEPC and the industry veterans who have been working with me for so many years.

The industry has seen a lot of transition over the years, mostly for the good. And there were times when banking was very difficult when we went through so many ups and downs.

But the GJEPC has played a stellar role in helping to implement progressive, game-changing reforms, such as the Diamond Dollar Account.”

Vipul Shah, Vice Chairman, GJEPC said, “Indian banks have played a significant role in supporting the diamond industry from its infancy all through its journey of becoming No. 1 in the midstream segment.

RELATED ARTICLE The Gem & Jewellery Export Promotion Council (GJEPC), IIJS to be held at Bangalore, 24th to 27th March 2022

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CREDITS: GJEPC (The news article has not been edited by DFU Publications staff).

09 March 2022, Mumbai:

Kasper Rorsted, CEO of adidas: “Unfortunately, the brand releases its 2021 results in unsettling times. " Our thoughts and prayers are with the Ukrainian people, our teams on the ground, and everyone affected by the war".

The company strongly condemns any form of violence and stands in solidarity with all those calling for peace.

We also provide immediate humanitarian aid to those in need of support.

The company will continue to follow the situation closely and take future business decisions and actions as needed, always prioritizing our employee’s safety and support.”

“In 2021, we delivered a strong set of results despite several external factors weighing on both demand and supply throughout the year”, Kasper Rorsted continued.

ALSO READ Adidas: Palak Kohli new brand ambassador

“Wherever markets operated without major disruptions it has been experiencing strong top-line momentum.

This is reflected in double-digit revenue growth in EMEA, North America, and Latin America.

While the company continued to invest heavily into its brand, its direct-to-consumer business, and its digital transformation, it improved its bottom-line by more than € 1 billion.

Taking it all together, 2021 was a successful first year within our new strategic cycle.

In 2022, it will build on this momentum and continue to grow both our top-and bottom-line at double-digit rates amid heightened uncertainty.”

Financial Performance in 2021

Currency-neutral sales grow 16% despite challenging market environment

Revenue improves in all market segments

While sales increased in all market segments in 2021, the top-line development in the regions differed significantly depending on the impact the various demand and supply challenges had on the specific region.

Gross margin at 50.7% driven by higher full-price sales and better inventory management

The company’s gross margin increased 0.7 percentage points to 50.7% in 2021 (2020: 50.0%).

Operating margin improves by 5.3 percentage points

Other operating expenses increased 4% to € 8.892 billion in 2021 (2020: € 8.580 billion).

RELATED ARTICLE ADIDAS: ALASDHAIR WILLIS, CEO TO SHAPE FUTURE

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11 March 2022, Mumbai:

About CavinKare  

Brands at the heart of innovation Innovation led the transformation from a pure Personal Care player to an FMCG conglomerate with Dairy, Snacks, Food, Beverages, and Professional Care business.

Erica Jennifer Fernandes

She is an Indian actress and model, who works in Indian television and films. She made her acting debut in 2013, Tamil film Ainthu Ainthu Ainthu. She got her breakthrough with her television debut, portraying Dr. Sonakshi Bose Dixit in Kuch Rang Pyar Ke Aise Bhi.

ALSO READ: Kriti Sanon and Mimi Chakraborty star in the Joy Personal Care advertisement

*Fast-moving consumer goods major CavinKare has revamped its national haircare brand Nyle Naturals and has unveiled a slew of new variants, the city-based company said on Thursday.

The company said under its revamping exercise, it has roped in actress Erica Fernandes as the brand ambassador for Nyle Naturals shampoo.

CavinKare said it has launched three shampoo variants -- soft and shiny, anti-dandruff, and strong and health -- repositioning the brand as an anti-hair-fall range of shampoos.

The company has associated with the branding and design agency Almond Branding, Mumbai, and has unveiled a new television commercial under the revamping exercise.

RELATED ARTICLE D2C Beauty and personal care brand 'Plum' to open 50 stores by 2023

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CREDITS: ET.

12 March 2022, Mumbai:

Council for Leather Exports, India (CLE)

Service to Leather & Leather Products Exporters since 1984.

The Council for Leather Exports (CLE) is the single largest and Apex trade promotion orgnisation of the strong and rapidly growing Indian leather & leather products industry.

CLE is committed to the overall development of the Indian leather sector and achieving higher export growth to enhance India’s share in the global leather trade.

ALSO READ: The Council for Leather Exports is optimistic that the Union Budget would help the sector

Production Linked Incentive Scheme (PLI)

PLI for Large Scale Manufacturing

The domestic manufacturing sector faces a lack of a level playing field vis-à-vis competing nations.

The sector suffers disability on account of lack of adequate infrastructure, domestic supply chain and logistics;

high cost of finance;

inadequate availability of quality power;

limited design capabilities and focus on R&D by the industry;

and inadequacies in skill development.

*Council for Leather Exports (CLE) on Wednesday urged the government to extend the production-linked incentive (PLI) scheme to the sector and consider setting up a leather park to boost manufacturing, export, and job creation.

CLE Chairman Sanjay Leekha said India's leather and footwear exports stood at USD 5.5 billion at present, which is expected to be doubled by the end of 2025.

Besides, the market size of the domestic leather and footwear sector will grow from USD 12 billion to USD 20 billion by 2025, he said at the Leather Accessories Footwear Conclave and Awards of North India-LAFCAN-2022.

Leekha sought "the support of the government in achieving the envisaged targets by extending the PLI (scheme) to the leather sector and also considering a leather park scheme similar to the textile sector".

RELATED ARTICLE Import duty exemptions on leather products to boost exports, says CLE

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CREDITS: ET.

10 March 2022, Mumbai:

As a part of a multi-year deal signed with Dollar Industries, Rajasthan Royals will sport the logo of the brand Dollar on their officer jerseys.

The partnership will help Dollar Industries enhance the brand visibility of its newly launched athleisure category across the country.

Vinod Kumar Gupta, Managing Director, Dollar Industries says, the association with Rajasthan Royals will enable the brand to leverage its-athleisure offerings nationally.

ALSO READ: Dollar Industries' net profit for the Q3 FY22 reported

The athleisure segment has been growing exponentially since the pandemic and contributing significantly towards enhancing the company’s market share.” Jake Lush McCrum, CEO, Rajasthan Royals adds, being a brand that serves millions of consumers across the country, with a large focus on Rajasthan, we look forward to supporting Dollar’s growth.

Kolkata-based knitwear manufacturer Dollar Industries is one of the leading players in the innerwear and athleisure segment with a strong presence across India.

RELATED ARTICLE Under Armour opens fourth store in 'Jio World Drive Mall, Mumbai'

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09 March 2022, Mumbai:

International Women's Day 2022: Celebrating the spirit of womanhood

International Women's Day (March 8) is a global day celebrating the social, economic, cultural, and political achievements of women.

Bata India: Our Values

SERVE WITH PASSION

We are passionate about delighting our Fashionable, Trendy & Comfortable Women for Women only from Bata India.

Bata India with a history of over a century now has proudly unveiled the launch of over 25 all-women-run stores ahead of International Women’s Day. 

A legendary organisation having always proven & championed the noble cause of women empowerment in perpetuity and as matter of fact has a core Brand DNA "Diversity & Inclusion (D&I) commitment to the society and its TG.

ALSO READ: Bata India looks to faster recovery

*The launch of the all-women-run stores is yet another endeavour by the brand to empower and encourage women to fearlessly pursue their dreams and #BreakTheBias.

The women-run stores are operational in not only metros like New Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru & Chennai but also Tier 1-3 towns like Pune, Nagpur, Udupi, Jamshedpur and Vishakhapatnam. Gunjan Shah, MD & CEO-Bata India Limited said: “Diversity & inclusion and empowering women to pursue their dreams has been a key part of very ethos at Bata India.

Retail traditionally has been a male-dominated space.

By increasing the all-women-run stores from 10 to over 25 now, we wanted to shatter the glass ceiling and encourage more women to become a part of the fashion retail industry. We have now 25 women-run stores across metros and smaller towns.

I’m also heartened by the fact that we have now more women entrepreneurs who are coming up and partnering with us to open Bata franchise stores in smaller towns. At the grass-roots level, we continue to support girls’ school education under the Bata Children Program (BCP) initiative.”

RELATED ARTICLE Bata India Limited: Disha Patani, Bollywood actor to be its brand ambassador

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CREDITS: Business Manager.