10 October 2023, Mumbai

Global apparel leader recognized for groundbreaking innovations and robust intellectual property portfolio

Innovation arm, Twinery, fosters culture of innovation and develops cutting-edge solutions in wearable technology and female health

Recognition

MAS Holdings, a global apparel and textile manufacturing leader, has clinched the prestigious Clarivate South Asia Innovation Award for the third year in a row.

This accolade, presented at the Mumbai Innovation Forum, underscores MAS' dedication to groundbreaking innovations and maintaining a robust intellectual property portfolio.

MAS' innovation arm, Twinery, fosters a culture of innovation, uniting experts to tackle industry challenges.

Validation; Product verticals Femography and Softmatter have redefined wearable technology and female health solutions, respectively. With 66 granted patents, Twinery's impact is evident, earning it the Fast Company Award for innovative workplace excellence.

MAS Holdings' consistent recognition in the South Asia Innovation Awards is a testament to its lasting contribution to the industry.

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06 October 2023, Mumbai

Lee® has launched a new festive season campaign titled "Lee: Home of The Real Denim". The campaign features popular rapper King to reinforce Lee®’s real denim positioning.

The campaign films feature King in different situations, highlighting Lee® as the ultimate choice for high-quality denim known for durability.

Nuances

The first film, which has gone live on social media platforms and Disney+Hotstar, shows King having brunch in a restaurant. The chef spots King's Lee® jeans and attempts to slice them with a knife, but is unable to do so. The screen then displays the text "If It’s Not Lee, It’s Not Denim".

Lee® is the exclusive licensee of Lee® in India and other South Asian markets. It has expanded Lee’s physical retail store network across India with many stores. Lee® is also available online at its dedicated webstore and popular online marketplaces.

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05 October 2023, Mumbai

Overview

Louis Philippe, a flagship brand under Aditya Birla Fashion and Retail Limited, has announced the launch of a new range of luxury sneakers. The collection has been thoughtfully designed to address the demands of fashion-conscious individuals seeking style, comfort, and durability.

Target Audience

The sneakers are aimed at those who wish to make a bold style statement while navigating busy city streets or enjoying a night out on the town. The collection offers a wide array of styles, designs, and colors to cater to diverse preferences.

Key Features

The sneakers are crafted with the finest materials and attention to detail. They feature an innovative cushioning system that ensures exceptional comfort and support. The collection also boasts a unique blend of materials and incorporates various techniques to create striking contrasts that capture the eye.

Availability

Louis Philippe's exclusive sneakers range is now available at select Louis Philippe flagship stores, authorized retailers nationwide, and online through the brand's mobile app. Prices start at INR 5,999 and upwards.

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09 October 2023, Mumbai

Ahmedabad-based men's fashion brand, Barcelona, is continuing its rapid expansion across India with the recent inauguration of its first physical store in Ratnagiri, Maharashtra.

This move marks the brand's growing presence in the state, adding to its already flourishing retail network.

The new store in Chiplun district offers a wide range of men's western wear, including denim, casual wear, and semi-formal attire, catering to diverse fashion preferences.

This development comes shortly after the opening of Barcelona's debut brick-and-mortar store in Surendranagar, Gujarat, located within the bustling Citi Center Complex.

Retail footprints

Barcelona's expansion strategy focuses on tapping into non-metro markets. In recent months, the brand has successfully launched stores in various locations, including Patna, Hamirpur, Goa, Pune, Visnagar, Mahoba, Kota, and Dapoli.

Founded in 2015 by entrepreneur Jaimin Gupta, Barcelona has made a significant impact on the mid-priced men's western wear segment.

The brand's ambitious plans include a forthcoming initial public offering, although the exact date remains undisclosed. Barcelona's remarkable growth underscores its commitment to bringing trendy men's fashion to every corner of India.

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06 October 2023, Mumbai

Iconic brand recognized for quality, innovation, and customer satisfaction

Levi's, the iconic brand that epitomizes classic American style and effortless cool, has achieved a remarkable milestone by winning the prestigious Superbrands status.

Alongside nine other exceptional brands, Levi's was honored at a grand ceremony held at the Intercontinental Hotel, Dubai Festival City on the 28th of September.

Better than the best

The Superbrands organization, globally recognized as an independent authority and arbiter of branding excellence, celebrates outstanding brands and promotes the discipline of branding. This accolade serves as a testament to Levi's relentless commitment to quality, innovation, and customer satisfaction.

Quotes

Neeraj Teckchandani, CEO of Apparel Group, expressed his strategic perspective on this recognition, emphasizing that receiving the prestigious award is both an honor and a validation of their commitment to excellence and innovation.

The award underscores their unwavering dedication to delivering unparalleled quality and value, reflecting the strength and resilience of their brand portfolio.

Born leader

Levi's exceptional ability to thrive in the competitive market reinforces its status as a leading brand in the global fashion and lifestyle industry.

The award highlights Levi's unique resonance with consumers, offering distinctive products and experiences that stand out in the marketplace.

Furthermore, this recognition underscores Apparel Group's exceptional talent for nurturing and growing brands in a fiercely competitive market, further solidifying their position on the global stage.

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05 October 2023, Mumbai

A Strategic Move to Expand in South Asia

Reliance Brands UK (RBUK) and Superdry have established a joint venture, with RBUK holding a 76% stake and Superdry retaining a 24% ownership stake.

JV

The joint venture will hold the South Asian intellectual property rights for the Superdry brand, and the sale of the intellectual property is valued at £40.0 million.

Superdry is expected to receive gross cash proceeds of £30.4 million from this sale, with the remaining amount of approximately £28.3 million accounting for fees and taxes.

Nuanced deal

As part of this arrangement, Superdry will invest £9.6 million in the joint venture entity, which will be offset against the £400 million consideration receivable by Superdry.

This collaboration represents an important strategic move for both companies, allowing them to leverage their strengths and expand their presence in the South Asian market.

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06 October 2023, Mumbai

Van Heusen Innerwear, a prominent player in the mid-premium innerwear industry, has unveiled its latest advertising campaign featuring cricket sensation Hardik Pandya.

Super-exciting

This collaboration marks the inception of an exciting partnership between one of India's leading innerwear brands and an iconic sports figure.

Van Heusen Innerwear, a part of Aditya Birla Fashion and Retail Limited (ABFRL), is at the forefront of India's fashion and apparel industry.

In this cutting-edge advertisement, viewers witness Hardik Pandya sporting the Van Heusen Air Series Innerwear in a captivating narrative.

The film portrays the journey of a contemplative cricketer undergoing rigorous training in a virtual reality simulator.

Differentiabilty

Hardik faces a test of both physical and psychological resilience, excelling under pressure, thanks to the lightweight and adaptable Van Heusen Air Series innerwear. The campaign skillfully highlights the unique features of the collection, concluding with Hardik seemingly levitating in innerwear that is "as light as AIR."

The Van Heusen Innerwear Air Series campaign will gain wide exposure through an extensive media mix, including YouTube, Hotstar, Inshorts, ESPN Cricinfo, and on-ground activations.

With a network spanning 150+ exclusive stores, 32,000+ multi-brand outlets, and major retail chains, Van Heusen Innerwear offers a comprehensive range of innerwear products.

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09 October 2023, Mumbai

New logo reflects brand's commitment to dynamism, inclusivity, and modernity

Numero Uno, India's most loved denim brand, has proudly introduced its fresh new logo, marking a significant milestone in the brand's evolution. The new logo emphasizes on its promise to be dynamic, inclusive, and ahead of the times while embracing and amplifying Numero uno’s core values of Youthful, Casual, Modern, Innovative, and Meaningful.

Embracing Change and Innovation

In an ever-changing world of fashion, Numero Uno recognizes the importance of staying relevant and creating trends rather than following them.

The new logo marks the brand's commitment to remain youthful, and always tuning in with the lively vibe of today’s generation.

With a casual, modern, and innovative approach, the brand promises to continue delivering quality denim wear that makes a statement in the fashion world creating meaningful and purposeful fashion choices like always.

New logo embodies brand's core values, sets a new standard in denim fashion

The new logo incorporation on Numero uno garments has led to a premiumization effect. It has significantly enhanced the visual appeal of the garments making them look more elevated and elegant.

The brand's essence is embodied in the logo, which provides their clothing a feeling of casual elegance and youthfulness while easily blending in with customers preferences.

Shall prevail

The new logo will be prominently featured across all Numero Uno products, stores, and digital platforms, offering customers a fresh and contemporary experience.

As Numero Uno reimagines its world, it sets a new standard in denim fashion, embracing change and innovation to remain a leader in the industry.

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06 October 2023, Mumbai

KAZO Fashion, the iconic fashion brand renowned for its versatile designs and unmatched quality, has welcomed the new season with the unveiling of its highly anticipated Autumn-Winter 2023 Collection, a fusion of shimmering sequins and figure-flattering silhouettes designed to captivate and inspire.

The latest digital film showcases KAZO's new brand ambassador Janhvi Kapoor, whose poise, grace, and undeniable charm perfectly embody the spirit of the new collection, elevating the brand to new heights.

Functionality

The new apparel range seamlessly combines fashion and functionality, making it a highly coveted choice for those looking to stay in vogue this season.

Beyond glitter and glamour, this collection offers a diverse selection, including chic workwear options that exude sophistication and simplicity.

Drawing inspiration from the mystique of gala affairs, the collection celebrates modern women who embrace their uniqueness and charm, with florals and prints taking the center stage.

Sustainability at the Core

Unveiling the brand's latest collection, Deepak Aggarwal, CEO & Founder, KAZO expressed, "We are delighted to unveil our Autumn Winter 2023 collection featuring Janhvi Kapoor.

Meticulously curated to embody the forefront of fashion trends, our latest apparel assortment effortlessly caters to various dimensions of modern life.

At KAZO, sustainability lies at the core of our design philosophy. With this in mind, we have integrated BCI cotton, cultivated through eco-friendly practices, and incorporated recycled polyester.

These conscientious choices exemplify our unwavering commitment to minimizing environmental footprint and propelling responsible fashion forward”.

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30 September 2023, Mumbai

Key Highlights

Revenues increased 2% to $12.9 billion on a reported and currency-neutral basis.

NIKE Direct revenues increased 6% on a reported and currency-neutral basis.

NIKE Brand Digital sales increased 2% on a reported and currency-neutral basis.

Gross margin decreased 10 basis points to 44.2%.

Diluted earnings per share was $0.94, up 1%.

Management Commentary

John Donahoe, President & CEO: "Q1 offered proof of what NIKE can deliver when we connect great innovation, great storytelling and great marketplace experiences to consumers."

Matthew Friend, Executive Vice President & Chief Financial Officer: "Our first-quarter results demonstrated the impact of staying on the offense over the past fiscal year. With a healthy marketplace and another quarter of brand and business momentum, we are strengthening our foundation for sustainable, profitable, long-term growth."

Financial Review

Revenues for the NIKE Brand were $12.4 billion, up 3% on a reported and currency-neutral basis, led by currency-neutral growth in EMEA, Greater China and APLA, partially offset by a decline in North America.

Revenues for Converse were $588 million, down 9% on a reported and currency-neutral basis, due to a decline in North America, partially offset by growth in Asia.

Gross margin decreased 10 basis points to 44.2%, primarily driven by higher product costs and unfavorable changes in net foreign currency exchange rates, largely offset by strategic pricing actions.

Selling and administrative expense increased 5% to $4.1 billion.

Demand creation expense was $1.1 billion, up 13%, primarily due to advertising and marketing expense.

Operating overhead expense increased 2% to $3.0 billion, primarily due to wage-related expenses and NIKE Direct variable costs, partially offset by lower technology spend.

The effective tax rate was 12.0 percent compared to 19.7 percent for the same period last year primarily due to a one-time benefit provided by the recent delay of the effective date of U.S. foreign tax regulations.

Net income was $1.5 billion, down 1%, and diluted earnings per share was $0.94, increasing 1%.

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