Fashion Brand

Zara's India FY25 sales flat at ₹2,782.06 cr, profit up 23% to ₹299.47 cr

Global fashion brand Zara has flat growth in its India sales as its revenue from operations was at Rs 2,782.06 crore for FY'25, while its profit was up nearly 23 per cent to Rs 299.47 crore, according to the latest annual report of Trent Ltd. Inditex Trent Retail India Private Ltd (ITRIPL), a JV which is engaged in the operation of Zara stores in India, in FY'24 had reported a revenue from operations at Rs 2,768.90 crore and a profit of Rs 243.84 crore. ITRIPL is a JV between Spain's Inditex, which owns luxury fashion brand Zara and Tata Group's retail arm Trent Ltd. Its total income, which includes other income, was up 2.26 per cent to Rs 2,839.50 crore for the financial year ended on March 31, 2025. Zara, which competes with the likes of other foreign brands such as H&M and UNIQLO in India, currently operates 22 stores across 13 cities. A year before, the entity for Zara was operating 23 stores across 12 cities. In FY'25, Trent offloaded its stake in ITRIPL in the buyback offer

Nykaa's growth prospects are adequately captured in its stock price

Nykaa posted strong BPC performance in Q4 FY25, but regulatory risks and intense competition may slow margin expansion, with analysts seeing limited upside in its stock

Snitch raises $40 mn to expand men's fashion brand in India, overseas

Snitch to double retail footprint, enter quick commerce, expand categories, and pilot international markets with fresh funding

Flipkart expects 200 million visits as 'End of Season Sale' begins

The Walmart-backed firm is offering products from over 70,000 brands and sellers, featuring 1,000-plus curated style trends across apparel, beauty, and lifestyle

Myntra launches Myntra Global in Singapore, targets Indian diaspora

Myntra Global, Indian fashion, Singapore launch, Nandita Sinha, Walmart, cross-border shopping, Indian diaspora, online retail, made-in-India, fashion exports

Fashion brand Merrachi sparks French backlash with hijab-clad Eiffel Tower

French political leaders condemned the ad as a 'deliberate provocation,' while social media was ablaze with divided opinions

Spanish fashion brand Zara shuts flagship Mumbai store at Hutatma Chowk

Zara, which is part of the Inditex Group, entered the country in 2010 through a joint venture with the Tata Group

Nykaa Q3 FY25 results: Net profit rises 61% to Rs 26 crore, revenue up 27%

Nykaa Q3 FY25 results: Sequentially Nykaa's net profit skyrocketed 160% from Rs 10 crore

Reliance shuts G-Star RAW and Replay fashion stores amid sluggish demand

Most G-Star RAW stores in India have already closed down, while the brand is still available through online platforms. Italian brand Replay will shut stores due to losing relevance in Indian market

Inditex Q3 sales and profit miss estimates; shares drop 5% amid challenges

Inditex reported revenues up 9 per cent in currency-adjusted terms in the six weeks to Dec. 9, which includes key Black Friday sales, slower sales growth than the 14 per cent reported a year ago

India set to become hottest destination for global fashion brands by 2025

Country's luxury retail market sales set to rise by 15-20% in 2025: McKinsey survey

LVMH sales slump in China rattles investors in luxury shares: Report

Slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 billion in LVMH market capitalization

Value fashion retailer Baazar Style raises Rs 250 cr from anchor investors

Value fashion retailer Baazar Style Retail Ltd on Thursday said it has collected Rs 250 crore from anchor investors, a day before its initial share-sale opening for public subscription. Ashoka India Equity Investment Trust Plc, Volrado Venture Partners Fund IV Gamma, HSBC Global Investment Funds, Allianz Global Investors Fund, Al Mehwar Commercial Investments LLC, HDFC Mutual Fund (MF), HSBC MF, Bandhan MF and Bajaj Allianz Life Insurance Company are among the anchor investors, according to a circular uploaded on the BSE website. The company has allotted 64.29 lakh equity shares to 28 funds at Rs 389 apiece, aggregating the transaction size to Rs 250.1 crore, the data showed. The Rs 835-crore initial public offering (IPO) will open for subscription on August 30 and conclude on September 3. The price band has been fixed at Rs 370-389 per share. The proposed IPO is a combination of a fresh issue of equity shares worth Rs 148 crore and an offer for sale (OFS) of up to 1.76 crore value

Fashion Day 2024: Check history, significance, theme, quotes and more

Fashion Day 2024: Every year, the world celebrates Fashion Day to honour creativity, fashion and self-expression. This day honours the progression of fashion trends and contributes to art and culture

Shein hikes prices ahead of IPO; avg price of dress jumps by 28% in US

The company operates an online marketplace selling an array of merchandise, though its main business is making and selling Shein's own brands, primarily women's clothing

Go Fashion (India) to expand; plans to open 120-150 new stores in FY25

Go Fashion (India) Ltd which owns the popular women's wear brand 'Go Colors' has drawn up plans to add 120-150 net new stores in FY25, a top official has said. The company added a total of 94 stores last financial year taking the overall count to 714, company CEO Gautam Saraogi said. Go Fashion was also exploring 'omnichannel strategies' leveraging technology to offer physical and online shopping experiences, expanding reach to consumers in various cities. Meanwhile, the city-based company reported a profit after tax of Rs 13.1 crore for the January-March 2024 quarter as compared to Rs 14.8 crore registered in the same period of last year. For the year ending March 31, 2024, the PAT remained unchanged at Rs 82.8 crore as compared to Rs 82.8 crore recorded during the same period of last year. "During FY24, our company achieved a growth of 15 per cent year-on-year in revenues to Rs 763 crore. EBITDA stood at Rs 242 crore witnessing a growth of 14 per cent year-on-year. Our PAT for FY

Myntra obtains India franchise rights for UK's fashion brand NEXT

E-commerce platform Myntra on Friday said it has bagged franchise rights for UK's fashion brand NEXT for the country. Myntra has signed a franchise agreement with UK's fashion brand NEXT to this effect. The association allows Myntra Jabong Pvt. Ltd, Myntra's B2B wholesale entity, the right to distribute NEXT's range of products, while holistically scaling NEXT's omni-channel presence in India, a company statement said. "As a part of this franchise agreement, Myntra's business-to-business (B2B) entity will set up NEXT branded stores in India," it said. It added that the association enables NEXT to tap into the vast, diverse and ever-evolving Indian market by allowing Myntra Jabong Pvt Ltd to distribute its products on a wholesale basis. "With a successful trajectory of growing NEXT online in India, our first year of working together has resulted in establishing the right product, audience and price fit in the country. "With a strong playbook in exponentially building adoption for

Nykaa Q3FY24 results: Net profit increases 106% to Rs 17.5 crore

The company's consolidated revenue from operations grew 22 per cent YoY to Rs 1,789 crore, up from Rs 1,462 crore a year ago and Rs 1,507 crore in Q2 FY24

Luxury renaissance: All that made 2023 a year of opulence and achievement

The country set new benchmarks in the luxury sector this year, attracting the world's top brands and exporting the finest

Tata Capital eyes fashion brand Rare Rabbit at $300 mn valuation: Reports

Rare Rabbit was started in 2015 by an Indian family-run company Radhamani Textiles, and sells shirts, jeans, jackets and sneakers that are priced as low as $20 and all the way up to the high-end range