12 June 2023, Mumbai

Luxury fashion designer Abhinav Mishra has recently inaugurated his grand flagship store at Regency One, situated in Chattarpur, New Delhi. Spanning two floors and covering 1,770 square feet, the store exudes the mesmerizing mirror work that has become synonymous with Mishra's designs.

A Perfect Blend of Tradition and Modernity

Via their Facebook page, the brand ecstatically declared, "Welcome to our new flagship store in Chattarpur, Delhi! An amalgamation of the timeless and contemporary, an authentic Abhinav Mishra experience awaits you."

Exquisite Décor

Opposite the renowned Dhan Mill compound, the store's architectural magnificence evokes a regal palace. Shoppers are greeted by statues of wedding horses, while the store encompasses the natural beauty of a preserved tree. Emphasizing bridal wear, the store debuted with Mishra's celebrated collections, 'Tara Sitara' and 'Dilbar.'

Bridal Wear and Exclusive Collections

Mishra shared with Vogue India his vision for the store, stating, "I wanted the store to be a serene sanctuary, not overwhelming visitors with an abundance of stimuli.

We sought to create a calming space suffused with natural sunlight, verdant surroundings, and gentle hues, drawing inspiration from my travels and cherished memories from childhood."

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05 June  2023, Mumbai

Union Textiles Minister Piyush Goyal led the 'National Workshop on Convergence of Five Institutes' in New Delhi, highlighting the significance of fashion trends, product design, innovative packaging, and high-quality goods and services in shaping India's future success.

What all you need to know

The workshop aimed to integrate five institutes under the Ministry of Textiles and Commerce and Industry: the Indian Institute of Packaging (IPP), the National Institute of Fashion Technology (NIFT), the National Institute of Design (NID), Footwear Design and Development Institute (FDDI), and Indian Institute of Foreign Trade (IIFT).

Shaping India's Future  

This collaboration aims to create an integrated national design and business education ecosystem that benefits students, industries, and society. By merging knowledge and expertise from diverse fields, the convergence aligns with the objectives of the National Education Policy 2020, fostering transdisciplinary integration.

Minister Goyal acknowledged India's transformative journey under Prime Minister Narendra Modi's leadership, recognized globally as a key driver for Asian and global growth. He praised the projected high GDP growth estimates for FY 2023-24, attributing them to the visionary guidance of the prime minister.

Curriculum Changes for Dynamic Learning

Goyal urged ministries to implement the workshop's ideas within set timelines, emphasizing the importance of effective utilization. He advocated for inclusive and dynamic curriculum changes, nurturing critical thinking and skill development among students.

The minister emphasized that the convergence initiative would bolster the institutes and industry-academia partnership, urging minimal government interference and self-sufficiency.

He suggested expanding admissions to meet the demand for designers and fashion specialists, while also emphasizing the development of finance, entrepreneurship, and personal skills.

From Workshop to Implementation  

Goyal proposed credit systems for student flexibility and dual degree programs, highlighting the role of alumni in providing support through donations, faculty contributions, and mentorship.

He emphasized the need for improved placements and increased industry engagement, aligning curricula with workplace requirements.  

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08 June 2023, Mumbai

Arvind Fashions, a prominent player in the fashion industry, has undertaken a major transformation by divesting non-performing brands and focusing on core brands. The company's strategic shift prioritizes renowned labels such as US Polo Assn., Tommy Hilfiger, Flying Machine, Arrow, Calvin Klein, and Sephora, aiming to build fewer but stronger brands. Despite the challenges posed by the pandemic, Arvind Fashions achieved impressive financial results, with FY23 revenue reaching ₹4,421 crore and a profit of ₹37 crores, highlighting the positive impact of their strategic decisions.

The Importance of Scale and High-Conviction Brands

The company recognizes the significance of scale in the retail sector. By concentrating on brands capable of surpassing ₹1,000 crores in revenue, Arvind Fashions strives to unlock real operating leverage, cash flows, and return on capital employed.

Their focused approach includes boosting brand growth, enhancing retail execution, premiumizing products, and increasing advertising investments. These efforts have yielded tangible outcomes, including robust like-for-like growth, reduced discounting, improved cash flows, and a return on capital employed nearing 15%.

Arvind Fashions remains committed to digital expansion, with continued investments in their e-commerce ventures, including Nnnow.com. They aim to strike a balance between multi-brand and single-brand strategies in the online space. Moreover, the company sees immense potential in introducing India-specific sizing for apparel and footwear, a bold initiative that can pave the way for significant growth.

Future Plans and Debt Reduction

To address its debt, Arvind Fashions follows a clear plan centered on scaling its existing brands. With year-on-year profitability on the rise and an asset-light strategy, the company generates free cash flows that will contribute to debt reduction over the next few years. Additionally, Arvind Fashions identifies white spaces within the retail market, aligning its brand extensions accordingly.

Expanding Horizons in the Retail Sector

They hold a strong belief in the footwear segment's potential, envisioning it as a ₹1,000 crore opportunity for further expansion and success.

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15 June 2023, Mumbai

India Couture Week to Take Place from July 25 to August 2, 2023, at Taj Palace Hotel

Unveil

The Fashion Design Council of India (FDCI) unveiled the dates for the 16th edition of India Couture Week, set to be held in the capital from July 25 to August 2, 2023, at the prestigious Taj Palace Hotel.

Highlights the Significance of Craftsmanship and Cultural Diversity

Chairman Sunil Sethi, alongside participating designers, announced Hyundai India as the title sponsor during a press conference held at Taj Mahal Hotel.

The priceless contribution of skilled artisans

Emphasizing the event's celebration of skilled artisans and their contributions to Indian fashion, Sethi expressed excitement for the exclusive collections that would showcase the nation's rich cultural tapestry.

Sixteen esteemed designers, including Tarun Tahiliani, Rahul Mishra, and Ritu Kumar, will present their collections, with additional off-site shows planned during Couture Week.

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19 May 2023, Mumbai  

French luxury department store Galeries Lafayette Paris Haussmann has selected One Rep Global as its public relations representative for India, aiming to expand its presence in the Indian market.

One Rep Global, a sales representation company specializing in luxury, wellness, travel, and hotel businesses, will leverage its expertise and network to promote Galeries Lafayette's renowned Paris department store to an Indian audience.

Since its establishment in 1894, Galeries Lafayette Paris Haussmann has become a prominent luxury destination, housing over 2,000 brands from various countries. Renowned for its iconic Art Nouveau dome, the department store attracts approximately 37 million visitors annually.

By tailoring marketing strategies to the preferences of the Indian luxury market, One Rep Global aims to assist Galeries Lafayette in refining its product and service offerings to suit the needs of Indian consumers. With their extensive experience in the Indian and UAE markets, One Rep Global is well-positioned to support Galeries Lafayette in expanding its reach and captivating the Indian audience.

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