24 February 2022, Mumbai:

Khadim India Ltd, a footwear company, increased its net profit by 85 percent to Rs 8 crore ($1.1 million), compared to Rs 4 crore the previous year.

The company's revenue for the quarter increased by 6% to Rs 185 crore, up from Rs 174 crore in the previous fiscal year's similar period. "Because of the holiday season, Q3 has always been a really exceptional quarter for retail and fashion firms. This financial year, the brand had a successful holiday season.

ALSO READ: Khadim India’s Q3FY22 results

"With the introduction of a new variety of items across the sports, PU, and Hawai categories, even the distribution company gained impetus over the Christmas season," Chotrani remarked.

During the quarter, Khadim expanded its retail footprint in tier 2, 3 cities by adding 21 new stores, bringing the total number of outlets in India to 768.

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

18 February 2022, Mumbai:

Global Fashion Summit, the leading international forum for sustainability in fashion, will convene core stakeholders across fashion, parallel industries, investment, policy and NGOs to forge alliances for a new era.

The Summit is presented by Global Fashion Agenda, the non-profit organisation that fosters industry collaboration in fashion to drive impact, under the patronage of HRH The Crown Princess of Denmark. Global Fashion Summit: Copenhagen Edition 2022, will return in physical form on 7-8 June in the grand setting of the Royal Opera House, Copenhagen, Denmark.

Tickets are on sale from today. Formerly known as Copenhagen Fashion Summit, the forum has been renamed to manifest the organisation’s global outlook and reach. Global Fashion Summit will build on the 13-year history of the renowned Copenhagen Fashion Summit by strengthening its representation and connections with diverse perspectives from across the world.

Therefore, the Summit will be hosted in various key cities in the future, in addition to its flagship edition in Copenhagen. Under the theme ‘Alliances for a New Era’, Global Fashion Summit: Copenhagen Edition 2022 will endeavour to form previously inconceivable alliances within the fashion industry and examine atypical cross-industry alliances, in a bid to accelerate the transition to a net positive reality.

ALSO READ: Copenhagen Fashion Week AW22

The theme will underly all elements of the Summit. It will be represented on the Summit main stage during plenary sessions consisting of high-level keynote speeches and panels.

Federica Marchionni, CEO, Global Fashion Agenda, says: “‘Alliances for a New Era’ epitomises our current climate – we are living in a time when the majority are ready and willing to evolve but we need to break down silos and pre-competitive barriers to enact truly pervasive change.

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24 February 2022, Mumbai:

The rising popularity and increasingly fast acceptance of new-age technology in the fashion space leads to celebs including lead fashion-forward tech-savvy fashion designers are embracing the NFT bandwagon like never before.

There is no sense of deja vu within the space and as a use case in fashion designers' space in order to connect with digital savvy discernible audience not to be left behind. 

ALSO READ: Nike & Hermès File Lawsuits for Trademark Infringement: non-fungible tokens (NFTs)

Designers likes of Manish Malhotra, Anamika Khanna and so and so forth list long has already seen their initial drops of digital artwork 

*"Fashion NFTs have received great traction on our platform and in general as well.

We are hoping to introduce new-age street brands in fashion onto the NFT bandwagon as these would be a perfect fit with the young NFT community," said Vishakha Singh, vice president, WazirX NFT Marketplace.

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

19 February 2022, Mumbai:

AN IMAGINATIVE AND INTRIGUING MIX OF TIMELESS TONES AND ARTFUL BRIGHTS EMBRACE OUR CONTRASTING DESIRE FOR SERENITY AND STABILITY WITH ENERGY AND EXCITEMENT.

The Pantone Color Institute (PCI), Pantone’s trend forecasting and colour consultancy, publishes a Fashion Colour Trend Report for the fashion industry each season as your guide to the latest colour trends.

It features the top-ten standout colours, and current takes on five core classics, that you can expect to see in London as fashion designers introduce their new Autumn/Winter collections.

Highlighting the chaotic to the calm, colour for LFW Autumn/Winter 2022/2023 merges our nature-centric respect for the environment and craving for serenity and wellbeing with light infused pastels and energising brights whose message of joy and optimism, celebrates the now.

ALSO READ  Pantone: AW22/23 colour trend report for New York Fashion Week (NYFW)

Coming together in a palette rife with conventional contradictions, colours for Autumn/Winter 2022/2023 reflect our need for harmony and tranquility while at the same time provide the opportunity to express our individuality without restraint.

About the Autumn/Winter 2022/2023 London Colour Palette:

Timeless tones and artful brights embrace our contrasting desire for serenity and stability with energy and excitement.

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

22 February 2022, Mumbai:

Today, Fashion for Good launches the ‘Untapped Agricultural Waste Project’ to validate and scale technologies that can successfully transform agricultural waste into sustainable textile fibres.

With catalytic funding provided by Laudes Foundation, Fashion for Good partners adidas, BESTSELLER, Vivobarefoot and Birla Cellulose, and six innovators, the consortium project will assess the technical feasibility of natural fibres created by the selected innovators using agricultural waste such as rice husks, hemp, wheat straw, banana and pineapple.

ALSO READ: Leaders will forge alliances for a new era to tackle fashion’s social and environmental issues

“This ambitious project explores a new source of feedstocks for the fashion industry that, if scaled, will help drive both the agriculture and textile industry towards net-zero. We see great potential for these various agriculture waste streams that would otherwise have few secondary uses.

By applying innovative technologies to develop natural fibres, we can diminish the pressure on existing natural fibres and shift away from unsustainable materials and sources.” — Katrin Ley, Managing Director, Fashion for Good

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18 February 2022, Mumbai:

Hermès International powered ahead in the fourth quarter, with revenues climbing 11 percent versus a year ago, and 28.4 percent ahead of 2019, to 2.38 billion euros. For the full year, the French maker of status handbags and silk scarves saw revenues approach 9 billion euros, jumping 41.8 percent compared to 2021 and 33.4 percent compared to 2019.

The numbers came in slightly under HSBC forecasts.

Net profit leaped 76.5 percent to 2.45 billion euros, while recurring operated income soared 78.2 percent to 3.53 billion euros, with the company touting “remarkable sell-through” of its collections and touting a recurring operating margin of 39 percent, up 8 points versus 2020 and 5 points compared to 2019.

ALSO READ: 

Alex Dumas, executive chairman, christened 2021 as an “exceptional year,” crediting “abundant creativity, unique know-how and the quality of our materials” for driving the growth of its 16 departments, or métiers.

The company cited “dynamic growth in Asia and the Americas, where revenues vaulted 54.1 percent and 24.4 percent respectively in 2021 versus 2019.

Hermès highlighted “the sustained performance in Greater China, Australia and Singapore” for the strong Asia tallies, which exclude Japan.

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*Figures mentioned in the above article have been sourced from finance.yahoo.com article.