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Reliance Retail in talks with Sovereign Wealth Funds for securing investments

20 September 2023, Mumbai

As per one ET report, Reliance Retail, India's largest retailer, is in talks with existing investors, including sovereign wealth funds from Singapore, Abu Dhabi, and Saudi Arabia, for a combined investment of approximately $1.5 billion.

This investment is part of Reliance Retail's internal target of securing $3.5 billion in investments by the end of September.

Milestone; The proposed investment from sovereign wealth funds would be a significant boost for Reliance Retail, as it looks to expand its reach and strengthen its competitive position in the world's biggest markets.

Nuances

The company is already facing stiff competition from Amazon and Walmart's Flipkart in India.

The investment from sovereign wealth funds would help Reliance Retail to expand its operations, both physically and online, and invest in new technologies and services.

The investment would also be a sign of confidence in the Indian economy and the retail sector. It would send a signal to other investors that India is a good place to invest.

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Akshay Kumar launches Force IX in Noida

Bollywood actor Akshay Kumar has inaugurated the pioneering Force IX store in Noida, marking the brand's debut in the National Capital Region.

Located within DLF's Mall of India, the 800+ square feet store draws design inspiration from military boot camps. It boasts an industrial yet chic aesthetic, with textured rubber flooring and adaptable fixtures for a dynamic shopping experience.

A massive LED screen graces the façade, and 'Force IX Blue' accents pay homage to India's spirituality and progress. Kumar expressed pride in creating a lifestyle experience, and part of each sale supports 'Bharat Ke Veer', aiding martyrs' families. The store offers a comprehensive range of athleisure wear and accessories, appealing to the Gen-Z generation.

 

Akshay Kumar launches Force IX in Noida

MiniKlub unveils new babywear store in Trivandrum, Kerala

15 September 2023, Mumbai

MiniKlub, India's premier babywear brand, has opened a new store in Trivandrum, Kerala. This store offers a wide range of safe and comfortable apparel and baby care products for newborns to 8-year-olds.

Their offerings include essentials for newborns, baby clothes, children's fashion, footwear, toys, travel accessories, and more, all in one place. Parents in the city prefer MiniKlub for its quality and convenience.

About Brand

Established in 2013, MiniKlub is part of the First Steps Babywear family, with a presence in over 450 outlets, e-commerce platforms, and exclusive stores across 26 cities.

They prioritize comfort and safety and are committed to sustainable manufacturing. 

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MiniKlub unveils new babywear store in Trivandrum, Kerala

DLF Mall of India Celebrates the Grandeur of Indian Weddings

On the 15th of September, 2023, DLF Mall of India, the unrivaled haven for retail, hosted the fourth edition of its biggest wedding festival of the season, The Wedding Tales. The fashion show, held at the mall's atrium, was a night of glamour and opulence, showcasing the latest wedding collections from leading Indian brands in a breathtaking display of craftsmanship and design.

The runway came alive with vibrant and intricate ensembles that captured the quintessential essence of Indian weddings. From traditional lehengas and sherwanis to contemporary fusion wear, there was something for everyone in the audience.

The collections, meticulously crafted by esteemed Indian and international brands such as Shantanu & Nikhil, Ritu Kumar, Frontier Raas, Tanishq, Manyawar, Saundh, W, Looks, Meena Bazaar Steve Madden, Lifestyle, Roberto Cavalli, Minizmo, and Mohanlal & Sons, left the audience spellbound.

The fusion of tradition and contemporary design was evident in every piece, showcasing the diversity and elegance of Indian bridal fashion. The star-studded event reached its peak as acclaimed actress and fashion icon Sobhita Dhulipala, renowned for her stellar role in the hit series “Made in Heaven”, graced the runway as the showstopper.

The exhibition featured a wide range of vendors, from wedding planners and caterers to jewelers and fashion designers, offering everything one needs to plan a dream wedding.

As a part of The Wedding Tales campaign, DLF Mall of India also unveiled a beautifully curated campaign film that captures the entire journey undertaken by a couple leading up to their special day.

The fashion show and wedding exhibition were a resounding success, with thousands of visitors attending over the course of the event.

DLF Mall of India Celebrates the Grandeur of Indian Weddings

Indian e-commerce sales to grow 18-20% during festive season: Redseer report

16 September 2023, Mumbai

According to a report by consulting firm Redseer, Indian e-commerce platforms are poised to achieve a combined sales figure of approximately Rs 90,000 crore during the upcoming festive season. This forecast indicates a robust growth of 18-20% compared to the previous year.

The surge in sales is anticipated to be fueled by around 140 million shoppers who are expected to make online purchases at least once during the festive season, which spans from the start of Navaratri to Diwali.

It's projected that this festive period will contribute to approximately 17% of the total annual e-commerce sales for the year 2023.

Outlines

The report also highlighted that the festive season is expected to be the biggest shopping season for smartphones, with sales of around 40 million units. Other popular categories include fashion, home appliances, and electronics.

Exuberance; E-commerce players are gearing up for the festive season with a number of initiatives, such as deep discounts, cashback offers, and free shipping. They are also expanding their product offerings and improving their delivery infrastructure to meet the expected demand.

The festive season is a major opportunity for e-commerce players to grow their business and capture a larger share of the market. With the right strategies in place, they can tap into the growing demand for online shopping in India.

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Cover story's chic Mumbai store debut

16 September 2023, Mumbai

Cover Story, the women's fashion retailer has expanded its presence in Mumbai by unveiling its third brick-and-mortar store within the bustling Phoenix Market City mall in Kurla.

This strategic move aims to cater to fashion-conscious consumers in Mumbai who seek the latest trends without compromising on quality. The store offers an immersive shopping experience with its contemporary interior design.

Value proposition

To entice shoppers, it kicked off its launch with a tempting 50% discount on select summer styles.

Cover Story, under Reliance Retail Ventures Limited, strives to blend global fashion trends with Indian preferences, offering a wide range of dresses, tops, tees, denim, and more.

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Reliance and Gap forge fashion powerhouse in India

15 September 2023, Mumbai

Reliance Retail, led by Isha Ambani, is expanding its fashion portfolio with an exciting partnership. They've teamed up with Gap, the iconic American clothing brand, to launch over 100 stores across India, promising substantial gains for both companies.

These Gap outlets, a mix of shop-in-shop and standalone stores, will soon dot the Indian retail landscape. Gap already has a presence in India, both through its standalone locations and collaborations with Reliance.

Alliance

In July 2022, Gap Inc. inked an exclusive deal with Reliance Retail to introduce its brand to the Indian market, initially through online channels and Reliance stores, including Ajio.

This ambitious expansion plan by Reliance challenges established players like Tata's Westside, Uniqlo, H&M, and Zara. Competitors like Uniqlo and H&M are also gearing up for expansion, with Uniqlo aiming for 11 new stores and H&M targeting 50 in India.

However, Reliance's Gap venture has yet to announce a specific timeline for its new stores.

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CMAI elevates Indian fashion globally in Dubai debut

16 September 2023, Mumbai

In a bold move onto the global stage, the Clothing Manufacturers Association of India (CMAI) is set to launch the "Brands of India" initiative in Dubai on November 27th and 28th, 2023, at the Dubai World Trade Center (DWTC).

This groundbreaking event aims to spotlight Indian apparel brands' excellence and innovation, promoting them on an international platform.

Great endeavour

The initiative showcases India's leading apparel brands globally, capitalizing on the Comprehensive Economic Partnership Agreement (CEPA) in the UAE.

Dubai, chosen as the inaugural destination, boasts a sizable Indian diaspora and aligns with Indian fashion tastes. With 8% of Indian apparel exports heading to the UAE, it also serves as a gateway to Africa and Europe.

The "Brands of India" initiative aligns with the Indian government's "5F" strategy, promoting India's fashion and textile sector and securing supply routes.

One-stop

Featuring 250 Indian brands under one roof, this event seeks to leverage the "Make in India" initiative's momentum, becoming the largest apparel exhibition representing India in the MENA region.

The launch has received enthusiastic support, with the UAE's significant role in Indian trade relations evident, as it stands as India's third-largest trading partner.

With a focus on innovation, sustainability, and social responsibility, this showcase by CMAI aims to elevate India's standing as a global fashion and textile industry leader.

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Barcelona's Patna store boosts Bihar presence

Menswear brand Barcelona continues its strategic expansion in India, unveiling its latest brick-and-mortar gem in Patna's Patliputra Colony. Nestled within Zee Saheb The Supermarket's lower ground floor, the new outlet boasts an extensive denim collection alongside an array of men's casual staples, from graphic tees to checkered shirts.

This move signifies Barcelona's emphasis on tapping into non-metro markets, following recent store openings in Uttar Pradesh's Hamirpur and Goa. The brand also proliferates across various cities, including Pune, Visnagar, Mahoba, Kota, and Dapoli.

Moreover, Barcelona is eyeing an imminent initial public offering, marking a pivotal chapter in the journey that began with entrepreneur Jaimin Gupta's vision in Ahmedabad in 2015. With plans to diversify its product range, Barcelona's growth story continues to unfold.

Barcelona's Patna store boosts Bihar presence

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