06 October 2023, Mumbai
IN brief
Lee® has launched a new festive season campaign titled "Lee: Home of The Real Denim". The campaign features popular rapper King to reinforce Lee®’s real denim positioning.
The campaign films feature King in different situations, highlighting Lee® as the ultimate choice for high-quality denim known for durability.
06 October 2023, Mumbai
IN brief
Levi's, the iconic brand that epitomizes classic American style and effortless cool, has achieved a remarkable milestone by winning the prestigious Superbrands status.
This accolade is a testament to Levi's relentless commitment to quality, innovation, and customer satisfaction. Levi's exceptional ability to thrive in the competitive market reinforces its status as a leading brand in the global fashion and lifestyle industry.
03 October 2023, Mumbai
IN brief
Zudio, the sister brand of Westside, is growing faster than its sibling, opening more stores and generating more revenue. Between FY21 and FY23, Zudio launched 219 new outlets, while Westside opened 214.
Zudio now operates 388 outlets, outnumbering Westside’s 221. Zudio contributes 40% of Trent’s revenue, and is projected to overtake Westside in revenue in three years.
30 September 2023, Mumbai
IN Brief
Nykaa, India's most preferred beauty and lifestyle destination, has brought back its hugely successful Beauty Bars to Hyderabad's Sarath City Mall.
Over 200 beauty enthusiasts were treated to a masterclass with world-renowned makeup artist Aliya Baig, where they learned tips and tricks to create an ultra glamourous look.
05 October 2023, Mumbai
IN brief
Indians are ready to splurge on festive shopping this year, with 70% of respondents planning to increase their spending, according to a new UBS report published on Wednesday.
The report also shows a shift from digital to cash payments, with the former dropping from 71% to 58% and the latter rising from 27% to 35%. This change indicates a growing preference for buying local and offline goods, which could support Prime Minister Narendra Modi’s “Vocal for Local” campaign.
03 October 2023, Mumbai
IN Brief
The promoters of VIP Industries Ltd., India's leading luggage and travel accessories manufacturer, are reportedly considering selling their stake in the company, according to a recent report in Live Mint.
The deal, which could also include an open offer, could be worth up to $1 billion and could see the promoters completely exit the business, one of the sources said.
29 September 2023, Mumbai
IN Brief
Kicky & Perky's Frilluxe Collection is a pinnacle of modern grandeur and elegance, featuring meticulously crafted adornments that radiate luxury.
From the enchanting Curlicue Ruby Earrings to the radiant Flounce Rose Gold Earrings, each piece is a masterpiece of contemporary design and ageless beauty.
04 October 2023, Mumbai
In Brief
A Strategic Move to Expand in South Asia
Reliance Brands UK (RBUK) and Superdry have established a joint venture, with RBUK holding a 76% stake and Superdry retaining a 24% ownership stake.
The joint venture will hold the South Asian intellectual property rights for the Superdry brand, and the sale of the intellectual property is valued at £40.0 million.
02 October 2023, Mumbai
IN Brief
The Confederation of Indian Textile Industry (CITI) held its 65th Annual General Meeting (AGM) on 29th September 2023, through video conferencing.
Following the AGM, the newly Reconstituted Committee of CITI elected Rakesh Mehra as Chairman, CITI, Ashwin Chandran as Dy Chairman, CITI and Dinesh Nolkha as Vice Chairman for two years i.e. 2023-2025.
28 September 2023, Mumbai
IN Brief
Aditya Birla Fashion Retail Ltd (ABFRL) has acquired a 51 percent stake in TCNS Clothing, the parent company of popular women's apparel brands such as W, Aurelia, Wishful, Folksong, and Elleven.
This strategic move is expected to boost ABFRL's ethnic wear portfolio and accelerate TCNS Clothing's growth.
04 October 2023, Mumbai
IN brief
Avenue Supermarts Ltd., the company behind the DMart retail chain, reported a notable 18.51% increase in standalone revenue from operations for the second quarter of the current fiscal year.
The company's standalone revenue reached Rs 12,307.72 crore, up from Rs 10,384.66 crore recorded during the same period in the previous year.
30 September 2023, Mumbai
IN Brief
Singapore-based direct-to-customer (D2C) fashion and lifestyle brand, Styched, has acquired Zymrat, a trailblazing performance-wear brand.
This strategic move marks Styched’s second acquisition, following the notable success of its previous venture, Flatheads.
28 September 2023, Mumbai
IN Brief
Soktas, a luxurious cotton fabrics brand, opens its first-ever exclusive brand outlet in India at Jayanagar, Bengaluru. The store was inaugurated by actor and director Darling Krishna.
Soktas is poised to redefine the world of fashion with its exceptional range of premium cotton shirting fabrics.
The outlet is designed to provide customers with an immersive shopping experience, showcasing an exquisite range of fabrics that cater to diverse fashion preferences and providing a bespoke solution for every custom tailoring need.
