06 January 2022, Mumbai:

Kolkata-headquartered, footwear brand witnessed a healthy revival of its business in the previous quarters of the 2021-22 fiscal and is expanding the network of retail stores, he said.

ICRA downgraded its long term rating with respect to overall bank borrowings of the company to BBB from BBB+ while keeping outlook unchanged at Negative.

Footwear maker Khadim India is aiming at Rs 625-650 crore revenue in the current fiscal, despite COVID-19 challenges and a possible adverse impact on sales due to a 7 per cent GST rate hike from January 1, an official said on Thursday.

The Kolkata-headquartered company witnessed a healthy revival of its business in the previous quarters of the 2021-22 fiscal and is expanding the network of retail stores, he said.

We have maintained a 15-17 per cent growth till third quarter, and unless the fresh restrictions aggravate the business scenario, we expect revenue of Rs 625-650 crore.

We are expecting this turnover without the institutional sales of Rs 130 crore from the UP government order, Khadim CFO Indrajit Chaudhuri told PTI. The shoemaker was projecting to reach the pre-COVID level of quarterly sales run-rate of Rs 200 crore.

The revenue run-rate is a method of projecting upcoming sales over a longer time period based on previously earned turnover. We have passed on the seven per cent GST hike on the MRP from January 1 in line with other industry players after the government raised the rate from 5 to 12 per cent for footwear items up to Rs 1,000,” he said.

Sources:

31 December 2021, Mumbai:

May Dhruva and Manish Saksena presented wearable luxury at Bangalore Times Fashion Week.

May Dhruva opened with a traditional style bridal collection mixing classic embellishments and silhouettes with fusion style motifs and micro-blouses. Deep crimson lehengas with 3D floral designs walked alongside rainbow chevron ensembles for a vibrant collection to cater to brides-to-be of every style.

Monochrome men’s wear looks were subtly textured with geometric embellishments and accessorised with jade jewelry. The show concluded with a deep red lehenga with a cropped velvet blouse and life-size 3D floral embellishments.

Manish Saksena’s latest traditional wear collection had a slightly more muted color palette with the emphasis being on the subtle luxury of his chosen weaves. Fine saris featured dots, checks, and tree-like patterns in colors including mauve, leaf green, blue, and red. With looks suitable for both day and night, the collection was a nostalgic yet wearable ode to the sari.

Bangalore Times Fashion Week was held from December 28 to 29, 2021. This season, the theme was sustainable fashion.

The fashion week was live streamed for free viewing on Flipkart Video through the Flipkart mobile app. Bangalore Times Fashion Week celebrates legendary designers while also nurturing young talent every season.

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DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 January 2022, Mumbai:

In his new role, Setia will lead the company's marketing function while continuing to oversee the social commerce business. His core responsibilities will include, scaling the brand, developing the marketing strategy including for large consumer-centric events, strengthening customer loyalty, and applying research-based insights into the business to fuel its growth.

As the Vice President and Business Head, Social Commerce, Setia has been instrumental in building new tech-pivoted social commerce experiences for the Indian market and overlooked the development and launch of 'Studio' and 'Live Commerce', which marked the company's foray into social commerce at scale with influencer and content-led shopping.

In addition to this, he played an important role in managing key brand partnerships for them, such as IPL, and was earlier responsible for brand and digital performance marketing.

He also played a key role in conceptualizing, launching, and scaling 'Fashion Superstar', a digital fashion reality show, and in scaling its loyalty program (Insider).

Setia has around 17 years of expertise in scaling businesses in consumer tech and media with cross-functional experience across marketing, strategy and M&A, content, product development, operations, and analytics, among others.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30 December 2021, Mumbai:

Business-to-customer shopping fair Global Fashion Wedding and Lifestyle Exhibition will be held in Chandigarh, February 12 to 14, 2022. Featured product categories at the fair will include women’s ready-to-wear, traditional wear, accessories, jewelry, home décor, and gift items, among others.

The majority of the brands will be in the bridge-to-luxury segment of the market and health and safety measures to prevent the spread of Covid will be enforced as per local regulations.

The fair aims at bringing together Chandigarh’s shoppers to introduce them to new brands and give them a wide range of winter and spring fashions and festive looks to choose from. Visitors will be able to discover new brands not usually available offline in the city and brands will be able to widen their reach and connect with new customers in person.

The shopping fair is being organised by Planning Gurus Riwaaz, which holds numerous business-to-customer fairs around Chandigarh.

It's most recent fashion event which was called The Closet Saga ran from December 11 to 12, 2021, at Chandigarh and featured a wide array of women’s wear brands in the bridge-to-luxury segment of the market with a focus on bridal and occasion wear for the winter festive season.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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08 January 2022, Mumbai:

Titan witnessed strong demand across its consumer businesses and clocked 36% revenue growth over the festive quarter last year, the company said in the quarterly update.

The Tata-owned company jewellery business witnessed a 37% growth year-on-year (excluding the sale of bullion).

It also witnessed higher new buyer growth than its total buyer growth driven partly by Tanishq's regionalisation strategy of winning in focus markets.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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01 January 2022, Mumbai:

Serial entrepreneur Co-founder Ashish Tiwari (An Ex Hair Original), after separating with Jitendra Sharma from Hair Originals, introduces an endeavor in the Hair extensions space namely “Hair Forever”

Hair Forever has successfully raised funds worth USD 150K from a flurry of angel investors in its pre-SEED level.

This is the serial entrepreneur’s successive third venture by post famed Healthkhoj and Hair Originals.

Moving ahead, the plans are afoot to cash in on the hindsight experience of hair extensions for users with AI integration to add value to his venture to exploit AI integration to change the buying experience of customers adding customer delight, before buying or installing the hair extensions.

The hindsight experience is playing out in the aspects of manufacturing, marketing, and business & promotion model to shape up the future course.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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07 January 2022, Mumbai:

Multi-brand, business-to-customer fashion fair Fashion Jalsa will be held in Mumbai at the World Trade Centre from February 11 to 14.

As per a Fashion Network report, the shopping event will feature an array of bridal couture, women’s traditional, fusion, and western wear, jewelry, accessories, lifestyle goods, and home décor, events business. Majority of the participating brands will be positioned in the bridge-to-luxury and luxury segments of the market and the target audience is millennial shoppers looking to discover new brands.

For its ‘Introductions’ event, Fashion Jalsa will focus on linking shoppers with brands they have not yet discovered and helping brands to expand their customer base to reach new demographics. The fair will also include an array of clothing and accessories for the upcoming wedding season.

The fashion fair will take place with health and safety measures to prevent the spread of Covid-19 as per local regulations. With the fast-changing situation and spreading Omicron variant, many shopping events are still going ahead but face an uncertain few weeks.

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

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30 December 2021, Mumbai:

Divaa, a diamond jewellery brand by Orra has strengthened opened its first showroom at the Palladium Mall in Lower Parel, Mumbai which will cater to the demand of man-made and lab grown diamonds.

The brand plans to further strengthen its presence by launching new stores along with an exclusive website next year.

Commenting on the launch, Dipu Mehta, managing director CEO at Orra Fine Jewellery in a statement said, “These are exciting times. We have been seeing a surge in demand in the US for lab grown diamond jewellery, especially with the younger consumer.

And we are seeing this interest in India too now."

"Divaa fits perfectly into the architecture of the brand Orra as Orra is focused on the higher ticket size diamond jewellery segment with bridal jewellery while Divaa will be our special offering for the young, fashion seeking audience with lab-grown diamond jewellery,” Mehta added.

Orra is one of India’s leading jewellery brands with 44 retail stores in India and sells online through its website.

Fashion Network (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

• Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul

• Consumers will determine growth of sustainable fashion e-comm in India

• Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'

• Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22

• Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage