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ITC chairman YC Deveshwar passes away

YC Deveshwar, Chairman, ITC Group, passed away this morning. He was 72 years old and suffering from cancer for the last few years. Deveshwar joined ITC in 1968 and was elevated as its executive chairman in 1996. Under his leadership, ITC was successful in warding off a takeover threat from its largest shareholder BAT and made a successful diversification in the FMCG category. Deveshwar moved to the role of non executive chairman in 2017.

Deveshwar had passionately championed the cause for sustainable and inclusive growth and the transformative role businesses could play in creating larger societal value. This vision drove ITC to pursue business models that today supports over 6 million livelihoods, many amongst the weakest in society. Deveshwar, who spearheaded ITC as its chairman for over two decades, was conferred Padma Bhushan by the government. He was also ranked the seventh best performing CEO in the world by the Harvard Business Review

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Jockey India aims for steady growth with new launches

Jockey India aims for steady growth with new launches

In order to make retail partners and clients aware of its range of outwear, menswear brand Jockey India, participated in the recent National Garment Fair for the first time. “Platforms... Read more

Demand attracts many brands to women’s denim segment

Demand attracts many brands to women’s denim segment

Demand for denim wear is growing among women globally, as a recent study by NPD Group done among US women revealed US women purchased 22 million more jeans in 2018... Read more

Brands explore new strategies to make the most of omnichannel retail

Brands explore new strategies to make the most of omnichannel retail

Though six out of ten consumers use at least one digital channel for their shopping of apparels and garments, retailers still value the importance of physical stores. This is leading... Read more

‘NGF has grown in stature over the years,’ says CMAI President Rahul Mehta

‘NGF has grown in stature over the years,’ says CMAI President Rahul Mehta

The 69th National Garment Fair held from July 16 to 19, 2019 at the Bombay Exhibition Center, Mumbai hosted over 1,000 exhibitors representing around 1,100 brands. “This is a huge... Read more

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Fashion retailers record a dip in sales for second consecutive quarter

Its slowdown for some of the biggest fashion retailers in India as retail giants like Pantaloons, Brand Factory, Shoppers Stop, Central and V-Mart reported less than 7 per cent same... Read more

LIVA ventures into saree category at the Kolkata Fashion Expo

LIVA ventures into saree category at the Kolkata Fashion Expo

LIVA, the new age fabric from the Aditya Birla Group, forayed into the Saree category by launching a new collection at the recently-held Kolkata Fashion Expo. Sponsored and presented by LIVA,... Read more

New brands queer the pitch for unorganised players

New brands queer the pitch for unorganised players

Women’s ethnic wear has always been the prima donna of the women’s wear segment, sitting smugly in its invincible hold over Indian women. However, hard western wear might be trying... Read more

Kidswear to evolve with a well-structured approach

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Kidswear is evolving into an independent segment with brands adopting cool and vibrant designs in their collections. “Brands are following the right trends and carefully choosing their color combinations,” says... Read more

Pretty Secrets answers Indian women’s inner wear needs

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Indian women are waking up to the fact that buying lingerie is part of the essential shopping basket list and not a luxury item to be splurged on sometimes when... Read more

Parx launches sports-inspired collection for the energetic youth

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Parx, a casual wear brand known for its attitude and vibrancy has launched its autumn/winter 2019 collection. Right from its inception in 1999, the brand has been the preferred choice... Read more

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