26 February 2022, Mumbai:

Payal Singhal, a fashion and lifestyle company, has launched a new iteration of its iconic shopping event PS Carnival at The Vintage Garden in Bandra, Mumbai, including goods from its core range as well as recent collaborations.

The PS Carnival began on February 25 and will end on February 27, according to the brand's Facebook page. The event will allow consumers to "experience the World of PS," according to the company, by bringing together all of its product lines and collaborating collections under one roof.

A large-scale sale with products reduced up to 70% off will also be held throughout the event. According to the firm, the retail fair opened with anti-Covid-19 health and safety procedures in place as per local requirements to keep consumers safe.

ALSO READ: Payal Singhal’s Travelling Trunk Show pop-up goes overseas to DUBAI

The PS Carnival will include the brand's boho style ready-to-wear collections for ladies, occasion wear, menswear, children's clothing, gift products, travel goods, and accessories, among other product categories. 

Payal Singhal's latest joint collections include a footwear collection with vegan company Paio Shoes, a jutti collection with Fizzy Goblet, and a homeware line with Marshalls Wall Coverings, all of which are on display during the shopping event.

Shaheena Abbas' Flowerchild, Macmerise's Macmerise, and Sangeeta Boochra's Sangeeta Boochra's Sangeeta Boochra's Sangeeta Boochra's Sangeeta Booch The event is intended to provide buyers with an engaging way to see the brand's aesthetic large range of items. In February 2021, Payal Singhal hosted its final PS Carnival.

RELATED ARTICLE: Payal Singhal x vegan footwear brand Paio Shoes team up

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*Figures mentioned in the above article have been sourced from Fashion Network article.

22 February 2022, Mumbai:

Louis Vuitton, the world's largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled to open before the end of the year, LVMH boss Bernard Arnault said on Tuesday.

"We are at the end – I hope - of an economic crisis, I hope a geopolitical crisis won't reach us - but we've managed to get through this crisis in a stronger position," said Arnault, outlining plans to add new sites before the end of the year, bringing the label's total to 20 in France.

ALSO READ: LVMH Moët Hennessy Louis Vuitton, to pay €10 million against settlement: Paris court validation

Booming demand for European fashion and accessories has fueled a steep rise in sales at the luxury group as well as its rivals, including Kering and Richemont. French President Emmanuel Macron has said that the fashion and luxury industry grew to become the country's biggest exporter last year.

Arnault spoke during an inaugural visit to two new leather goods workshops in Vendome and Aze, France, alongside French Finance Minister Bruno Le Maire and Louis Vuitton Chief Executive Officer Michael Burke.

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

19 February 2022, Mumbai:

Discover ROICA™ groundbreaking innovations and the bold partnerships that made them possible. 

Today ROICA™ main objective is to focus on and respond to new generation values in fashion. Values that are key for contemporary consumers, who are the ones leading the change throughout all the supply value chain, and have received even more attention since the beginning of the pandemic.

For this reason, the ROICA™ strategy is based on two key elements. On the one side, a strong focus on responsible innovation, able to respond to new fashion needs and desires while not harming the environment nor the society at large.

On the other hand, a consolidation of partnerships along the whole supply chain through conversations and collaborations with companies sharing the ROICA™ values, in order to deliver creativity, solutions and design to all contemporary consumers.

ALSO READ: Iluna Group attends Première Vision with its "Smart Lace System" based on high-tech finishing, responsible materials and certified partnerships

Activation

Performance sportswear styles for Gym, Athletics, Cyclewear.

Aqua

A full range of smart-fit Swimwear, Pool, Beach and Resort wear designs.

Style#fit

When it comes to investing in responsible innovation and weaving new premium partnerships, ROICA™ is always up to date.

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25 February 2022, Mumbai:

Against the backdrop of the Covid19 pandemic where people were forced to be at home and spend more time at home and some of it has become the permanent behavioral change with households.

With consumers, the resultant elevated demand for home goods has only gone up & away.

The case in point is retailers such as Ikea, H&M, and now M&S are going all out trying to capitalize on the emerging trend.

ALSO READ: Marks and Spencer (M&S) x Wonderbra online combo to give the duo a big lift

*“We are very pleased to finally be launching a Homeware edit in India. This is the right time as consumers are spending more time at home and are looking to update their living space.

In line with the market trend, for more Home shopping online, and our own omnichannel strategy, we’re introducing this collection across selected stores, our flagship website, AJIO and Myntra," said James Munson, managing director of Marks & Spencer Reliance India.

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

22 February 2022, Mumbai:

Louis Vuitton, the world's largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled to open before the end of the year, LVMH boss Bernard Arnault said on Tuesday.

"We are at the end – I hope - of an economic crisis, I hope a geopolitical crisis won't reach us - but we've managed to get through this crisis in a stronger position," said Arnault, outlining plans to add new sites before the end of the year, bringing the label's total to 20 in France.

ALSO READ: LVMH Moët Hennessy Louis Vuitton, to pay €10 million against settlement: Paris court validation

Booming demand for European fashion and accessories has fueled a steep rise in sales at the luxury group as well as its rivals, including Kering and Richemont. French President Emmanuel Macron has said that the fashion and luxury industry grew to become the country's biggest exporter last year.

Arnault spoke during an inaugural visit to two new leather goods workshops in Vendome and Aze, France, alongside French Finance Minister Bruno Le Maire and Louis Vuitton Chief Executive Officer Michael Burke.

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

18 February 2022, Mumbai:

Dolce&Gabbana has become the first Italian fashion house to bring its beauty division in-house, a move that the CEO said Tuesday would strengthen the link between beauty and fashion, and help build inroads with younger consumers.

CEO Alfonso Dolce said developing products with a new team at the Milan headquarters will allow more creative tie-ins with runway collections, “creating a more global, transversal experience,’’ that he said would bring the brand “closer not only to our loyal customers but also new Gen-Z clients.”

The Milan fashion powerhouse made the move after its licensing deal with Shiseido was terminated last year, the latest in a series of licensing agreements that Dolce&Gabbana had entered since launching fragrances 30 years ago.

ALSO READ Gucci: a year of sustained growth further extending the brand’s authority

Luxury fashion brands have long had beauty segments, while only a few, namely Chanel and Dior, handling the manufacturing and distribution in-house.

While fragrance has long been the beauty standard-bearer for many fashion houses, cosmetics are increasingly becoming a way to reach younger customers, with brands such as Gucci and Hermes offering their runway color palettes in elegantly bottled nail polishes.

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

24 February 2022, Mumbai:

With the opening of its first store in Pune, Enrich, India's largest home-grown beauty services company, has increased its retail footprint in Maharashtra.

The business is 3,100 square feet in size and is located in the Phoenix Market City Mall in Viman Nagar. In the skin, hair, personal care, bath and body, fragrance, and men's grooming categories, the shop will include a diverse range of direct-to-consumer (D2C) products.

ALSO READ: Luxury brands hike prices as sales rebound

"We deliver to our customers a shopping experience that combines the pleasure of buying your favorite brands from all beauty categories and enjoying beauty treatments all under one roof," Vivek Bali, CEO of Enrich, said in a statement.

The store is meant to provide an immersive shopping experience as well as excellent loyalty rewards in order to change the way our clients but for all of their beauty requirements." Armani, Burberry, Yves Saint Laurent, Versace, Gucci, Givenchy, Paco Rabanne, Ferragamo, and many more luxury brands are represented at the shop, which has a catalog of over 5,000 goods.

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*Figures mentioned in the above article have been sourced from Fashion Network article.

24 February 2022, Mumbai:

Myntra is clearly focused presently on Personalisation, influencer-led live commerce, beauty, and personal care, and the same is been emphasized and its newly appointed chief executive Nandita Sinha is also in full concurrence with the same theme, at a time when more there is also a catch-up play by competitors have emerged in the category.

*Myntra will rely on these creators to promote and launch new brands in India. The fashion portal has handpicked these from the top 10% of high-performing creators it has worked with through its social commerce platforms, Myntra Studio and M Live, Sinha added.

ALSO READ: Myntra launches Style Squad to curate collections and content for consumers

“We will scale social commerce... since August we have seen great traction amongst consumers, amongst the creator ecosystem and amongst the brands that have partnered with us,” Sinha said.

She did not disclose whether the company would acquire any businesses to scale up its live commerce business but said partnerships would be key to its development.

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

19 February 2022, Mumbai:

This collaboration will enable Bazar India to tie up with Columbus Footwear with a clear-cut focus on its core business while leveraging the core strength of its range to tap into a global opportunity that aims to gain a wider customer base.

Bazar India

Bazar India, one of the top clothing brands in India, is India's fastest-growing premium lifestyle company.

ALSO READ: Language, Footwear brand launches new casual collection

Columbus Footwear

Columbus is one of the best manufacturing companies in India to manufacture comfort and latest sports shoes, footwear or sandals for gents, ladies, And kids.

Given this strategic alliance "Bazar India" will be in a position as the One-Stop-Shop for all sports footwear categories across the value chain for its discernible loyal customers.

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17 February 2022, Mumbai:

Bottega Veneta’s 2021 revenue exceeded €1.5 billion. On top of a high comparison base in 2020, revenue grew 24% as reported and 25% on a comparable basis, and was up 32% on a comparable basis relative to 2019.

Sales from directly operated stores were very strong, up 29% year-on-year on a comparable basis. Wholesale revenue was up 16% year-on-year on a comparable basis.

ALSO READ Yves Saint Laurent: record performances, confirming its exceptional long-term growth trajectory

In the fourth quarter of 2021, revenue rose 14% year-on-year on a comparable basis and 31% relative to the same period in 2019.

Bottega Veneta’s 2021 recurring operating income totaled €286 million, and its recurring operating margin rose to 19.1%.

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