Courtesy: ABFRLAditya Birla Fashion and Retail Ltd (ABFRL), India’s first billion dollar pure-play fashion powerhouse, has reported a stellar performance for Q2 of fiscal 2018-19. EBITDA soared by 62 per cent, while revenue registered an 11 per cent rise (Ind AS and GST adjusted growth rate of 12 per cent). Both Madura and Pantaloons business segments performed well. For the July-September 2018 quarter, ABFRL’s profit after tax (PAT) stood at ₹43 crore vis-à-vis a loss of ₹10 cror

Courtesy: KoovsKoovs, online fashion retailer, has launched its first shop-in-shop presence exclusively at Central in Gurgaon. Known for bringing latest fashion off international runways for both men and women to the country, Koovs now gives all fashion lovers an access to the collection offline. The launch saw filmstar Kiara Advani walk the ramp in the latest collection. "The brand is taking a step to get closer to our customer, by providing them the diverse range of the fresh fashion colle

Courtesy: JD Renowned British menswear brand Gieves & Hawkes has joined three other brands from the Ruyi-owned Trinity Group to open an official flagship store on JD.com, becoming the fourth such brand. Gieves & Hawkes is iconic in the world of men’s tailoring, having dressed royalty from George V to Prince William. It is a member company of Ruyi’s Trinity Group. The brand’s debut on JD.com allows Chinese consumers access to the brand’s high level of service and detail with convenie

Courtesy: TurmsTurms, which claims to be India’s first intelligent apparel brand, recently raised ₹6.3 crore in a round led by several angel investors. Turms plans to use the funds to expand its product categories and range, hire technology professionals, launch experience centres in top cities and invest in research and development, the company said in a statement. The investors were led by Feshworks’ founder Girish Matrubhootam, former Reliance Retail Lifestyle president Bijou Kurien

Welcoming the temporary measures in the budget to small retailers, the British Retail Consortium (BRC) has said most of the 3.1 million UK retail workers are employed in firms that will not benefit from the latest business rates announcement. “The Government has missed a much-needed opportunity to help the retail industry,” said BRC chief executive Helen Dickinson. “If the Government is to truly back business, it must engage in more extensive business rates reform to help all retailers and t

Courtesy: Ternua The outdoor brand Ternua is going green with the complete removal of PFCs from the clothing range for autumn/winter (A/W) 2018/19. For the next spring/summer 2019, the brand will launch a collection of backpacks and travel accessories made with recycled fabrics, also PFC-free. The next focus is on a 100 per cent PFC-free textile and accessories collection. In 2009, the company began to take steps towards eliminating PFOA (perfluorooctanoic acid) / PFOS (perfluorooctane sulfo

Courtesy: Global BrandsGlobal Brands has completed the sale of a significant portion of North American business to Differential Brands and has received around $$1.2 billion with the final consideration being subject to certain post-closing adjustments. This announcement follows the news in which Global Brands entered into a sale and purchase agreement with Differential Brands. As part of the announcement, Bruce Rockowitz has stepped down as chief executive officer and will continue as non-e

Courtesy: CaleresCaleres, a diverse portfolio of global footwear brands, has taken over Vionic Group for $360 million. The acquisition of Vionic allows Caleres to continue to expand its brand portfolio and gives it additional access to the growing contemporary comfort footwear category. The acquisition is being funded through the company’s revolving credit agreement. “The acquisition of Vionic is another fantastic opportunity to add a growing brand – with strong consumer loyalty and a solid

Courtesy: Oasis Clothing Oasis Clothing has partnered with Sainsbury's to bring its fashion ranges to customers in five Sainsbury’s supermarkets. This is the first time Oasis has made its ranges available to customers in a supermarket. Two Oasis concessions will be open for customers during Christmas at Sainsbury’s Sydenham in South London and Sainsbury’s Selly Oak near Birmingham. Sainsbury’s Selly Oak will be a brand new store when it opens later this year. The two Oasis concessions have b

Courtesy: Purdey/ Richemont Richemont and Alibaba Group have announced a global strategic partnership to bring the retail offerings of Yoox Net-A-Porter Group (YNAP), the world’s leading online luxury retailer, to Chinese consumers. The partnership will leverage YNAP’s strong relationship with leading luxury brands, some 950 of them being currently distributed through YNAP in China. Under the partnership, YNAP and Alibaba will establish a joint venture (JV) to launch two mobile apps for YNAP