27 October 2023, Mumbai

Reliance Brands Limited (RBL) has announced that it will bring 10 global luxury brands to India through Ajio Luxe, a sub-brand of Ajio that offers luxury products. The news was shared on social media on Thursday.
Ajio is an online retailer that belongs to Reliance Retail's digital commerce venture. It was founded in 2016 and is based in Bengaluru, Karnataka.

Nuanced platform

It sells a variety of products for women, men, and kids, such as clothes, shoes, accessories, and electronics. In 2020, it added global luxury brands to its portfolio through Ajio Luxe.
The addition of these 10 new brands to Ajio Luxe is a significant development for the Indian luxury fashion market. It will give Indian consumers even greater access to the world's top luxury brands, without having to travel abroad.

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24 October 2023, Mumbai

Shoppers Stop, the department store chain, has opened a new location in Hanamkonda, Warangal, Telangana. This outlet boasts a wide range of products in categories like fashion, beauty, home decor, and lifestyle. Shoppers can explore a diverse collection of brands including Jack n Jones, Levi’s, Only, Vero Moda, Neerus, and many more.

Retail footprint
In Telangana, Shoppers Stop already has eight stores spread across various locations such as Begumpet, Banjara Hills, Panjagutta, Kondapur, Shamshabad, Hitec City, and Kukatpally. Established in 1991 by K Raheja Corp, the first Shoppers Stop store was opened in Andheri, Mumbai.

In 2020, the retailer expanded into the beauty segment with SS Beauty.
Today, Shoppers Stop operates a vast network of over 100 department stores, 8 premium home concept stores, and 142 specialty beauty stores, featuring renowned brands like M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, Too Faced, and SSBeauty.

They've also established 25 airport locations, covering a total area of 3.9 million square feet.

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27 October 2023, Mumbai

Fashion activewear retailer Beverly Hills Polo Club has expanded its presence in North India with the opening of its first store in Gujarat at VR Mall, Surat, making it the brand's 23rd store in India.
Established in 1982 in Southern California, the brand has evolved from an apparel line to encompass a wide range of products, including accessories, personal care, fragrances, sunglasses, footwear, and home décor.

Background
In 2009, Spencer's Retail introduced the brand to India, and later, Apparel Group India acquired the license to operate this American lifestyle brand in the country. With a global presence in 80 countries, the company plans to open 300 more stores in Asia over the next five years.
Beverly Hills Polo Club now has 23 outlets in India, located in various cities and states, including Kolkata, Mumbai, Bengaluru, Hyderabad, and more.
Apparel Group India, headquartered in Dubai, markets over 80 brands in India, including Aldo, Bath & Body Works, Tommy Hilfiger, and Victoria's Secret, alongside Beverly Hills Polo Club.

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26 October 2023, Mumbai

As per the latest Live Mint report l
Kewal Kiran Clothing announced its Q2 FY24 financial results on October 23, 2023, with revenue and profit up 15.97% and 27.04%, respectively, compared to the same quarter last year. Revenue and profit also registered significant growth of 47.13% and 47.36%, respectively, compared to the previous quarter.

Nuances
However, selling, general, and administrative expenses also went up by 17.83% quarter-on-quarter and 14.86% year-on-year. The operating income showed robust growth, with an 86.45% rise quarter-on-quarter and a 23.39% rise year-on-year. The EPS for Q2 FY24 was ₹8.06, which was a remarkable 27.13% increase year-on-year.
Kewal Kiran Clothing's stock performance was mixed, with a 3.7% return in the last week, a 67.12% return in the last six months, and a 40.63% YTD return. The company's market capitalization was ₹4,461.97 Crores and its 52-week high/low stock price range was ₹807 and ₹364.15, respectively.

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23 October 2023, Mumbai

Bodycare International, India’s leading innerwear garments company, held a conference for its Kids and Apparel distributors at the Park Regis Hotel in Goa from May 17th to May 19th. The event aimed to inspire its distributors to take the company to new heights.
Outlines
The company showcased its new product range and sought the distributors’ support for marketing. The conference was well-attended and received enthusiastic response from the distributors, who placed record orders.
A lucky draw was also conducted to reward the winners of a winter thermal scheme. The retailer ‘Life Style, Jalandhar,’ won a car as the Super Bumper Award, while other retailers and distributors also won cars and cash prizes.

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27 October 2023, Mumbai

Marks and Spencer (M&S), the renowned British department store chain, proudly announced the inauguration of their 100th store in India, situated on Linking Road, Santacruz West, Mumbai.
This marks a significant milestone in M&S's journey within India, a testament to their relentless pursuit of growth and the unwavering support from their valued customers.
Having entered India through a partnership with Reliance in 2008, M&S has expanded its reach across 100 markets worldwide, both through local partners and online channels.
About Brand

The company, headquartered in Paddington, London, has a rich history dating back to 1884 when Michael Marks and Thomas Spencer founded the first store in Leeds.
As of 2023, M&S boasts 1,064 stores across the UK and an additional 452 stores worldwide, as reported by Statista.
Furthermore, the company proudly employs around 66,000 people globally, with a significant representation of women in their workforce.

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24 October 2023, Mumbai

As per latest report of MoneyControl.com l
Aditya Birla Fashion and Retail (ABFRL) stock fell by 2 percent on October 23, following the announcement of its subsidiary, Aditya Birla Digital Fashion Ventures, buying a 51 percent stake in Styleverse Lifestyle for Rs 155 crore. ABFRL stock was at Rs 225.05 on the NSE at 10:40 am, showing a 1.9 percent dip in a dull domestic market.
Nuances

Styleverse Lifestyle is mainly engaged in making and selling clothing under various brands, such as The Indian Garage Co, Freehand, and Hardsoda. ABFRL said, “The business used to operate as a partnership firm under The Indian Garage Co and was moved to SLPL through a Business Transfer Arrangement.”
The acquisition is seen as a part of ABFRL's strategy to expand its digital presence and reach out to a younger customer base. Styleverse Lifestyle has a strong online presence and a loyal customer base.
The acquisition is expected to help ABFRL strengthen its position in the online fashion market.

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23 October 2023, Mumbai

H&M Group has successfully issued a EUR 500 million green bond with an 8-year maturity period as part of its EMTN (Euro Medium Term Note) program.

The bond garnered significant interest from a wide international institutional investor base and was oversubscribed by over 3.5 times.
Allocation of Proceeds
The net proceeds from this bond will be earmarked for eligible projects falling within the five defined categories outlined in the Sustainable Finance Framework introduced on September 1, 2023.

These categories include circular economy, green buildings, renewable energy, energy efficiency, sustainable water management, and wastewater management.
Bond Listing and Assistance
The bond will be listed on Euronext Dublin's regulated market and was placed with the support of BNP Paribas, ING, J.P. Morgan, SEB, and UniCredit, with ING also providing advisory services for the Sustainable Finance Framework.

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27 October 2023, Mumbai

Indian fashion brand Monte Carlo has expanded its presence with a new store in Rajasthan, Jodhpur B-road.
Monte Carlo, originally founded in 1949 in Ludhiana, Punjab, began as a hosiery and textile enterprise.

About Brand
In 1984, it transitioned into a clothing brand, marking the beginning of its fashion journey. The brand now boasts over 200 exclusive outlets nationwide.
Notably, this latest store in Jodhpur joins the company's existing locations in the region, with two other outlets already serving customers in Sardarpur and M/s Jindalkesri 1ST B.
Monte Carlo's commitment to expanding its reach underscores its growing influence in the Indian fashion industry.

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24 October 2023, Mumbai

Manyavar-Mohey, the esteemed traditional and occasion wear brand, expands its footprint in Chennai with the inauguration of its seventh city-wide store. This exclusive outlet now graces the first floor of the Express Avenue Mall, a prominent landmark in Tamil Nadu's capital.
The store caters to diverse clientele, offering distinct sections for men, women, and children. It boasts a wide array of festive and wedding wear, accompanied by an exquisite collection of accessories.

About Brand
Manyavar's journey began in 1999 as a men's traditional and celebration wear brand, later introducing Mohey in 2016 as a women's celebration wear label. With a presence in over 200 Indian cities and international availability, the brand's acquisition of Mebaz in 2017 solidified its status as the foremost name in men's Indian wedding and celebration wear, both in terms of style and revenue.

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23 October 2023, Mumbai

H&M, the Swedish fast fashion giant, recently inaugurated its 56th store in India, marking its second location in Mangalore, Karnataka.
The new store, situated at Fiza in Nexus Mall, expands the brand's footprint in the region, complementing its existing store on Mangladevi Road.
Background

H&M initially ventured into the Indian market in 2015 with its flagship store at Select CityWalk Mall in New Delhi.
Founded in 1947 by Erling Persson, H&M has grown into a global fashion powerhouse, boasting over 4,000 stores worldwide and a presence in 60 online markets.
In just eight years since entering India, the Sweden-based company has expanded to more than two dozen cities, offering its fashion-forward collections both in-store and online through its website, app, and the e-commerce platform, Myntra.

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