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Brands-To-Retail 05-02-2022

Manyavar, Vedant Fashions Ltd to expand retail and product network

05 February 2022, Mumbai:

Ethnic wear brand Manyavar’s parent company Vedant Ltd plans to grow its retail network and product reach by foraying into Tier II and III cities of India. The company believes, these market will offer it significant growth opportunities.

The company recently raised Rs 945 crorein investments ahead of its initial public offering which launched on February 4.

The funds were garnered from the company’s anchor investors including Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage, and SocieteGenerale. the Press Trust of India reported.

Growth and Global Expansion. Learning Objectives n n Identify the expansion strategy that a service firm is using. n n Discuss the nature of franchising. - ppt download

The business chose to allot over 109 lakh equity shares to its anchor investors at Rs 866 per equity share. This also makes up the upper band of the IPO and aggregates the total transaction size to Rs 944.75 crore.

The IPO, which rolled out on Friday, is an offer for sale of 363.6 lakh equity shares by the business’ promoters and existing shareholders.

The business’ promoters are Ravi Modi, ShilpiModi, and the Ravi Modi Family Trust and the IPO will conclude on February 8.

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

Brands-To-Retail 05-02-2022

Manyavar, Vedant Fashions Ltd to expand retail and product network

ABFRL Q3 FY22 results

05 February 2022, Mumbai:

The Q3 profit of Aditya Birla Fashion and Retail (ABFRL) jumped by three-fold to Rs 196.80 crore against a net profit of Rs 58.44 posted in the year-ago quarter.

The company’s revenues from operations grew by 43.87 per cent to Rs 2,987.10 crore during the quarter under review, against Rs 2,076.19 crore in the corresponding period of the previous fiscal.

Abfrl | Latest & Breaking News on Abfrl | Photos, Videos, Breaking Stories and Articles on Abfrl

ABFRL's total expenses increased by 36.52 per cent to Rs 2,744.35 crore in the quarter, from Rs 2,010.17 crore a year ago.

Its revenue from Madura Fashion & Lifestyle segment surged by 57.59 per cent to Rs 1,990.52 crore, compared to Rs 1,263.10 crore in the year-ago quarter.

Pantaloons’ revenue increased 31.45 per cent to Rs 1,066.43 crore, against Rs 811.27 crore.

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Brands-To-Retail 05-02-2022

MiniKlub to launch sustainable summer/spring'22 collection

03 February 2022, Mumbai:

Anjana Pasi, Founder and Director, MiniKlub, reveals, the company plans to launch a sustainable summer wear collection soon.

Launched in 2013 to manufacture kidswear, MiniKlub has grown into a Rs 107 crore turnover company in the last one decade.

The brand has over 450 multi-brand outlets, leading large and regional large format stores across India. It mainly offers clothes for children — from newborns to six-year-olds.

MiniKlub also has a strong marketplace presence with Myntra, Amazon, Flipkart, and Ajio. It recently launched a sub-brand Mini Cuddles in the UK, in partnership with John Lewis – the largest cooperative in the UK. Mini Cuddles offers a comfy fashion range for kids aged up to two years old.

Miniklub - DLF - Mall of India

The core of the brand lies primitively in offering premium quality, says Kasi. It sources raw materials locally from India and Sri Lanka, where the brand has its second manufacturing unit. The main unit is in Bengaluru, Karnataka.

MiniKlub has been growing at around 13 per cent year-on-year, given that the brand is also planning to get listed in the next few years. However, one of the biggest challenges it faces is the rise in the price of cotton

The increase in cotton prices is set to stay due to the change in market equilibrium. The consumer will have to pay close to 15 percent higher, which will reduce the overall consumption, adds Pasi.

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Brands-To-Retail 03-02-2022

MiniKlub to launch sustainable summer/spring'22 collection

Hopscotch: Hops success leader

02 February 2022, Mumbai:

This D2C Mumbai-based children’s apparel brand is already carved out a name for itself in the fledgling Indian clothing market with an array range of kidswear to make the buyers spoilt for choice.

Rahul Anand is the Founder and CEO of this ever-popularising brand. Post-COVID-19, management strongly realized expanding partnerships to drive the distribution of third-party platforms, by adding them to our platform.

White Half Sleeves Top With Blue Short Set

About Hopscotch

We're Hopscotch, India's largest online kids’ fashion brand. We promise to transform every moment in your little one’s life into a stylish #HopscotchMoment. From playtime to bedtime. From infancy to childhood.

And everything in between. We curate the most fashionable and on-trend head-to-toe looks for every kid, every occasion, and every moment of childhood.

We bring you what your kids will love and yet be comfortable in by scouring the world and hand-picking aww-some new styles every single day.

We're big believers in the little details - 'coz we know a darling embellishment here and a snazzy bow tie there can go a long way.

We've taken great care in curating fun-loving, free-spirited styles that will forever delight you, your little one, and your pocket.

CREDITS: Hopscotch

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Brands-To-Retail 02-02-2022

Manyavar-owned by Vedant Fashions: Raises funds from anchor investors

04 February 2022, Mumbai:

Vedant Fashions Ltd, which owns ethnic wear brand Manyavar, on Thursday said it has garnered Rs 945 crore from anchor investors, ahead of its IPO roll-out on Friday.

The company has decided to allot 1,09,09,450 equity shares to anchor investors at Rs 866 a piece, which is also the upper band of the public issue, aggregating the transaction size to Rs 944.75 crore, according to a circular uploaded on the BSE website.

Ravi Modi, Chairman and Managing Director, Vedant Fashions (Manyavar): EOY Award Finalist - YouTube

Government of Singapore, Monetary Authority of Singapore, Fidelity, Nomura, Abu Dhabi Investment Authority, Morgan Stanley Asia (Singapore) Pte, BNP Paribas Arbitrage and Societe Generale are among the anchor investors.

In addition, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, SBI Mutual Fund (MF), ICICI Prudential MF, Axis MF, Kotak MF, Aditya Birla Sun Life MF, Sundaram MF, and UTI MF were also allocated shares.

The initial public offering (IPO) is purely an offer for the sale of 36,364,838 equity shares by promoters and existing shareholders.

The OFS comprises sale of up to 1.74 crore shares by investment Fund-Kedaara Capital AIF I; and up to 1.81 crore shares by Ravi Modi Family Trust.

The promoters of the company are Ravi Modi, Shilpi Modi, and Ravi Modi Family Trust.

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

Brands-To-Retail 05-02-2022

Lovebirds, clothing brand to promote a sustainable approach to fashion

03 February 2022, Mumbai:

Clothing brand Lovebirds plans to promote a more sustainable approach to fashion by moving away from seasonal calendar.

The brand plans to release around four smaller collections a year which include versatile pieces which can be used in multiple seasons in a move to prevent waste.

For its latest collection, Lovebirds has experimented with sustainable fabrics including wool, organic cotton, and handwoven denim and this season its denim includes stripes of extra yarns which have been hand-cut.

The brand is gravitating towards wrinkly and textured fabrics that celebrate beauty in its crude, organic form, says Gursi Singh, Co-Founder.

It is also exploring a knitwear collection this year.

Launched by Gursi Singh and Amrita Khanna, Lovebirds aims to showcase a different take on the classic Indian aesthetic to a global audience.

The brand currently retails from its flagship store in New Delhi and its dedicated e-commerce store.

It plans to expand its retail footprint in 2022.

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Brands-To-Retail 03-02-2022

Reliance Brands: Shopping Spree Continues As It Forms JV with Designer Rahul Mishra

01 February 2022, Mumbai:

Continuing its shopping spree to strengthen its fashion portfolio, Reliance Brands (RBL) on Monday announced a 60:40 joint venture with Indian designer Rahul Mishra.

The JV, which will include Mishra's ready-to-wear business, will create and own a new brand with the designer as the creative director.

RBL, part of Reliance Industries, is expanding its play too, by partnering and buying into domestic designers crippled by store closures during the pandemic.
CREDITS: TOI Dt 01-02-2022

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Brands-To-Retail 01-02-2022

Reliance Brands: Shopping Spree Continues As It Forms JV with Designer Rahul Mishra

Lux Industries reports Q3 FY22 results

04 February 2022, Mumbai:

In its Q3FY2022, Lux Industries posted a net profit of Rs 101.30 crore as against net loss of Rs 100.44 profit posted in Q2 ended September 30, 2021.

The company’s total income grew Rs. 668.01 crores during the quarter ended December 31, 2021 as compared to Rs 630.86 crores during the quarter ended September 30, 2021.

Lux Industries reports Q3 FY22 results

On year-on-year basis, Lux Industries posted a net profit of 101.30 crore for the period ended December 31, 2020.as against net loss of Rs 75.54 crore for the period ended December 31, 2020.

The company reported total income of Rs 668.01 crore during the period ended December 31, 2021 as compared to Rs 539.79 crore during the period ended December 31, 2020.

CREDITS: Equity Bulls

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

Brands-To-Retail 04-02-2022

FirstCry: Sovereign wealth fund invest, others offload stake in secondary deal

03 February 2022, Mumbai:

India’s sovereign wealth fund –the National Investment and Infrastructure Fund (NIIF) — has made its first bet on the country's internet economy with ecommerce firm FirstCry, people aware of the matter said.

NIIF led a $240-million secondary funding round in FirstCry, buying stock worth $100 million, sources told ET. The Pune-based company’s existing investor Premji Invest has also purchased additional shares in the company in the new round where SoftBank has sold the largest chunk of shares, people briefed on the matter said.

Chiratae Ventures and Newquest Capital Partners have also sold parts of their holding in the company.

SoftBank will still have around 30% in FirstCry parent Brainbees Solutions post this funding, people briefed on the matter said.

CREDITS: ET

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Brands-To-Retail 03-02-2022

FirstCry: Sovereign wealth fund invest, others offload stake in secondary deal

Manyavar (Vedant Fashions): Company IPO valuation is resilient

31 January 2022, Mumbai:

The ongoing correction in capital market has not dented valuation of Kolkata-based ethnic wear major Vedant Fashions' initial public offer that aims to raise Rs 3,149 crore, a company official said on Friday.

The company, whose flagship brand is the male ethic brand 'Manyavar', has fixed its upper issue price band at Rs 824-866 a share, a company official said.

BSE Sensex has seen about 4300 point corrections since early January amid highly volatile trading sessions.

Ravi Modi, Chairman and Managing Director, Vedant Fashions (Manyavar): EOY Award Finalist - YouTube

The company official said the pricing was decided after feedback from institutional investors who have shown high demand interest for the shares.

The company officials said initially it was estimated to raise Rs 2500 crore. However, with better valuations the company will raise upto Rs 3,149 crore at the upper price band through the IPO.

The public issue is purely an offer for sale of 36,364,838 equity shares by promoters and existing shareholders.

The offer for sale comprises sale of up to 1.74 crore shares by Rhine Holdings Ltd, up to 7.23 lakh shares by Kedaara Capital Alternative Investment Fund and up to 1.81 crore shares by Ravi Modi Family Trust.

Rationalizing the high price band, officials said it is an asset light company with zero debt despite its 546 exclusive stores. The huge growth potential in the organised celebration market will help to retain its high growth momentum.

Vedant Fashions is a pan-India player with a retail presence in over 200 cities and three countries in UAE, Canada and the United States.

The company said it will double its overseas store floor area in the next few years.

Its 'Manyavar' brand accounts for about 80 per cent of its revenue and the company officials said it was confident that its other newer brands will grow stronger in the years to come.

Asked about the impact of the third wave of COVID-19 on it, the company said it was minimal as shutdown was minimal.

CREDITS:ET Business Standard Money Control

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Brands-To-Retail 31-01-2022

Manyavar (Vedant Fashions): Company IPO valuation is resilient

Bestseller India collaborates with social commerce platform Trell Shop

04 February 2022, Mumbai:

Retailer of brands like Jack & Jones, Vero Moda and Only, Bestseller India has collaborated with social commerce platform Trell Shop for retailing its products.

The launch of these brands on the platform marks Bestseller’s entry into the social commerce market in India. It will strengthen Trell’s offerings in the mass premium segment and strengthen its presence in the Indian fashion market.

As per the terms of collaboration, Jack & Jones, Vero Moda and Only will get access to Trell’s ecosystem of 18 million content creators and over a 100 million users across metro and non-metro cities, the two companies.

The Danish Rack - Jack & Jones, Vero Moda, Only - Home | Facebook

Present in 46 countries with over 2,800 mono-stores and 12,000 external multi-brand stores. In India, Bestseller also retails brands such as Selected Homme and Produkt. It currently has 375 exclusive brand outlets apart from 1,219 shop-in-shops in multi-brand stores in India apart from sales online.

On the other hand, Trell Shop offers products from several brands L’Oreal, Garnier, Plum Goodness, Calvin Klein, Elle 18, Global Desi, Bewakoof, among others.

The addition of Bestseller brands to its portfolio will expand its brands collection on the platform.

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Brands-To-Retail 04-02-2022

Bestseller India collaborates with social commerce platform Trell Shop

Cantabil Retail India’s Q3 FY22 results reported

02 February 2022, Mumbai:

Cantabil Retail India posted a net profit of Rs 23.7106 crore during the third quarter ended December 31, 2021.

The company’s total income increased to Rs 133.8306 crore during the third quarter against Rs 93.5991 crore income reported in Q2 ended September 2021.

Cantabil | Home

On a year-to-year basis, Cantabil Retail India posted a net profit of Rs 23.7106 crore during the year ended December 31, 2021.

Total income was Rs 133.8306 crore during the period ended December 31, 2021 as compared to Rs 101.4435 crore during the period ended December 31, 2020.

CREDITS: Equity Bulls

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Brands-To-Retail 02-02-2022

Cantabil Retail India’s Q3 FY22 results reported

Miniklub, babywear brand to open more stores by 2022-end

29 January 2022, Mumbai:

Leading babywear brand Miniklub plans to expand its operations by launching more stores in India by 2022-end.

The brand recently launched its ninth Indian store in Benglauru.

Located in HRBR Layout, the newly launched store offers a vast variety of safe and comfortable apparel for new-born to 6-year-olds.

The store will have a well-trained staff and a spacious display of all kinds of garments and a wide range of non-apparels at the store.

MiniKlub’s offerings include baby essentials, apparel, footwear, toys, travel care, for both boys and girls. Expanding its footprint in the country,

Incepted in 2013 from the house of First Steps Babywear, Miniklub has now grown by leaps and bounds into an omni-channel brand with a presence in over 600 multi brand outlets, leading e-retailers and exclusive brand stores - physical and online.

The crux of the brand lies in its enthusiasm to create companions for little ones, as they discover the world around, with open mouthed wonder. Each product of the brand is developed through diligent consumer research, material exploration, prototyping and market testing.

CREDITS: Retail4Grwoth

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Brands-To-Retail 29-01-2022