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Tata Group to buy ethnicwear business of Fabindia

The Tata Group plans to either buy a potential stake or acquire the ethnic apparel business of Fabindia. The acquisition may be valued lower than the $2.5 billion as estimated during Fabindia's abandoned initial public offering.

If the deal proceeds, it could become one of the largest transactions in the segment, following Aditya Birla Fashion Retail's acquisition of a controlling stake in TCNS Clothing last year. The acquisition would strategically complement the existing portfolio of the Tatas in the ethnic wear market, with Trent, their retail arm, already offering apparel under brands like Westside, Zudio, and Utsa.

Fabindia's dedication to traditional techniques and sustainably sourced, hand-woven fabrics aligns well with the ethos of the Tata Group. Known for its ethnic products crafted by artisans from rural India, the company was founded in 1960 by John Bissell, an American who came to India to work with the Ford Foundation.

The brand is valued at over Rs. 17,000 crore, and has over 400 stores across India and abroad. Initially starting as a small export company selling handmade textiles and home furnishings to foreign buyers, Fabindia shifted its focus to the domestic market in the 1970s and began opening retail stores in major Indian cities. The brand has significantly boosted rural employment in Indian villages.

Adhering to traditional Indian methods and materials in its products, Fabindia has collaborated closely with local artisans to craft high-quality textiles, clothing, and home decorations that showcase India's cultural richness. Over time, the brand has expanded its range to include a diverse array of products such as clothing, accessories, beauty items, and organic foods.

With a presence in international markets like the United States, Singapore, and Dubai, Fabindia has grown significantly. A key factor responsible for the brand’s success has been its strong commitment to ethical and sustainable practices. The company ensures fair wages and safe working conditions for its suppliers and prioritises eco-friendly materials and packaging.

Tata Group to buy ethnicwear business of Fabindia

V-Mart expands physical presence with a new store in Uttar Pradesh

Value fashion and lifestyle retailer V-Mart has expanded its physical presence in Uttar Pradesh with the opening of a new store in Lakhimpur. This new outlet offers a wide range of clothing, accessories, and homeware products catering to men, women, and children.
The store's layout emphasises value products with prominent signage highlighting low-priced items such as handbags and t-shirts. Its merchandise includes a blend of western and ethnic wear, with a dedicated section for denim. The homeware department offers bed linens and accessories, and the store also features sleepwear and innerwear.
In addition to the new store launch, V-Mart recently introduced its summer collection, which focuses on casual styles suitable for hot weather. The women's collection features brightly colored cargo trousers, graphic t-shirts, and kurta sets, while the men's collection includes relaxed-fit denim, cargo shorts, and streetwear-inspired t-shirts.
Despite reporting a net loss of Rs 39 crore in the fourth quarter of the 2024 financial year, which ended on March 31, V-Mart anticipates up to 19% growth in the current financial year.

V-Mart expands physical presence with a new store in Uttar Pradesh

Department store chain Lifestyle opens first store in Ahmedabad

Landmark Group’s department store chain, Lifestyle has entered the Aurangabad market with the brand’s first store in the Prozone Mall on API Road.

Spread across 22,000 sq ft, the store is the Lifestyle’s 19th store in Maharashtra and 112th in India. Offering an omnichannel experience, the store boasts of features like self-checkout and ‘click and collect’ that allows customers to order online and pick up from a Lifestyle store of their choice.

In the upcoming financial year, Lifestyle plans add 4-5 more stores in Gujarat and Maharashtra. These will include stores in new towns as well as new catchments in existing cities, says Vivek Thilakan, Senior Vice President-Operations (West), Lifestyle International.

A large format department store, Lifestyle offers apparel, footwear, children’s wear and toys, furniture and home furnishings, and personal grooming.  A Lifestyle store is typically spread across 20,000 – 50,000 sq. ft. depending on the location and assortments.

The brand houses more than 350 national and international brands including Louis Philippe, Van Heusen, Arrow, Park Avenue, Benetton, Nike, Adidas, Allen Solly, Levis, Tommy Hilfiger, Swatch, Tissot, and Tag Heuer.
In May 2023, the department store chain opened its 100th store. In the next four years, it plans to open at least 50 new stores across the country.

Azorte

Nykaa launches 175th in Mumbai

India's leading beauty and lifestyle destination, Nykaa inaugurated its 175th store, a new Luxe outlet in Bandra, Mumbai.
Spanning 2,500 sq ft across two floors, the store offers an immersive beauty experience that underscores the importance of physical spaces in the discovery of luxury beauty products.
A haven for beauty enthusiasts, the store boasts an impressive array of exclusive brands and personalised beauty service including cutting-edge skin consultations utilising the latest skin analyser technology. Customers can indulge in a luxurious experience at Aveda's Dry Bar for exquisite hair treatments and explore Dyson's revolutionary hair styling tools.
The shelves of the store are adorned with exclusive brands such as Charlotte Tilbury, Urban Decay, Kay Beauty, Nykaa Cosmetics, The Ordinary, Kiehl's, Murad, Dr. Barbara Sturm, and YSL Beauty, alongside esteemed names like MAC, Estee Lauder, Lancome, Carolina Herrera, Benefit Cosmetics, and Laneige.
Nykaa opened its first store at Terminal 3 of Delhi's Indira Gandhi International Airport in 2014. Its new store in Mumbai epitomises the e-tailer’s belief in the potency of physical retail, characterised by innovation and a steadfastly customer-centric approach that continues to redefine the beauty retail landscape in India.

Nykaa launches 175th in Mumbai

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