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Tim Hortons wins Superbrand award for F&B excellence

16 October 2023, Mumbai

IN BRIEF

Tim Hortons, a brand of AG Café and Apparel Group, received the Superbrand status at the Superbrands Award 2023.

The award honors 10 exceptional brands for their quality, value and customer satisfaction. Tim Hortons is a leader in F&B industry, offering products and experiences that appeal to consumers.

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Skechers Wins Superbrands Status

12 October 2023, Mumbai

IN BRIEF

Skechers, Apparel Group's leading footwear brand, has won the prestigious Superbrands status at a grand ceremony held in Dubai.

The award is a testament to Skechers' relentless pursuit of quality, innovation, and customer satisfaction.

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Festive Sale GMV Grows 16%, Mobile, Electronics, Appliances Drive Sales

16 October 2023, Mumbai

IN BRIEF

Gross Merchandise Value (GMV) grew by 16% in the first four days of the festive sale, with average daily sales six times higher than normal business.

The main reason for the sales boost was the high demand for products with a high average selling price (ASP), such as mobiles, electronics, and large appliances. Products with a lower ASP, such as fashion, beauty, personal care (BPC), and home, may gain more traction as the festive sale week continues.

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AEPC: Expect robust growth in India's T&A exports in FY24

11 October 2023, Mumbai

IN BRIEF

The Apparel Export Promotion Council (AEPC) anticipates robust growth in India's textile and apparel exports for the fiscal year 2023-24, with expectations of surpassing the $50 billion mark.

This marks a substantial increase from the $45 billion achieved in the previous fiscal year, primarily fueled by a burgeoning demand in key markets such as the United States and Europe.

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Gokaldas Exports: Narayana Murthy's VC firm buys its stake

13 October 2023, Mumbai

IN BRIEF

A venture capital firm led by NR Narayana Murthy, the co-founder of Infosys, has recently bought a 1.12 percent stake in Gokaldas Exports, an apparel maker.

The investment by Catamaran Ventures is seen as a positive sign for Gokaldas Exports, which has been one of the better performers in the apparel sector in recent months.

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Emma Chamberlain x Levi's® launch new collection inspired by nature

11 October 2023, Mumbai

IN BRIEF

Emma Chamberlain and Levi's® have launched a new collection inspired by the natural world of Northern California. The collection features six effortless pieces in earthy hues with a cozy-core styling and a signature woodsy print.

Tops include a vintage-inspired Boxy Jacket, a colorblock Mockneck Sweater, and a Fitted Knit Top with a pine tree design. Bottoms include a Midi Skirt, Trousers, and 501® Originals in a brown overdye with a lasered tree ring design.

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TrueBrowns Expands to Men’s Ethnic Wear

14 October 2023, Mumbai

IN BRIEF

As per the recent ET Retail report trueBrowns, a homegrown urban ethnic lifestyle brand, has launched 40 new products in the men’s wear segment.
The brand also has ambitious growth plans, aiming to achieve a growth rate of over 100% by the end of the next fiscal year.

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Birla Cellulose Launches Circular Fiber Blend

13 October 2023, Mumbai

IN BRIEF

Birla Cellulose, a leading producer of environmentally conscious Man-Made Cellulosic Fibers (MMCF), has launched a new Circular Fiber Blend.

This innovative blend contains 50% mechanically recycled fiber while maintaining high-strength yarn, making it ideal for fabric and garment production.

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Cover Story Opens Second Store in Pune

10 October 2023, Mumbai

IN BRIEF

Cover Story, a renowned fashion retail destination, announced the opening of its second store in Pune, located in the prestigious PMC Wakad area. The store offers a wide range of women's clothing and accessories, catering to the diverse tastes and preferences of the modern Indian woman.

The strategic placement of the store ensures accessibility and convenience for fashion enthusiasts across Pune.

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