Fashion Brand

RPSG Ventures to acquire 40% of FSP Design for ₹455 crore in luxury push

RPSG Ventures has approved a deal to acquire 40 per cent of FSP Design, the parent of luxury label Falguni Shane Peacock, valuing the firm at ₹455.17 crore

Reliance Brands signs franchise deal to bring Italian brand Max&Co to India

The first Max&Co. store will open in Mumbai in early 2026, followed by a national rollout across key Indian cities under a franchise deal with Max Mara Fashion Group

EU fines Gucci, Chlo and Loewe €157m for luxury price-fixing scheme

The European Commission has fined luxury fashion houses Gucci, Chlo and Loewe over 157 million euros (nearly USD 183 million) for anti-competitive practices restricting independent retailers' ability to set prices for their luxury goods. The Commission said the companies' fixing of resale prices breached the bloc's competition rules, harmed consumers and would not be accepted. The decision sends a strong signal to the fashion industry and beyond that we will not tolerate this kind of practice in Europe, and that fair competition and consumer protection apply to everyone, equally,' commission vice president Teresa Ribera said in a statement on Tuesday. The commission said that the three brands restricted the ability of independent retailers to set their own prices for high-end apparel, leather goods, footwear and accessories sold both online and in physical stores. The brands required the retailers to stick to recommended retail prices, set maximum discount rates as well as periods

Purple Style Labs files draft papers with Sebi to garner ₹660 cr via IPO

Purple Style Labs, the parent firm of luxury fashion platform Pernia's Pop-Up Shop, has filed preliminary papers with capital markets regulator Sebi to raise Rs 660 crore through an initial public offering (IPO). The proposed IPO is entirely a fresh issue of equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Monday. The Mumbai-based company is looking to garner Rs 130 crore in a pre-IPO placement round. If this is undertaken, the fresh issue size would be reduced accordingly. The company plans to use IPO proceeds to the tune of Rs 363.3 crore to invest in its wholly-owned subsidiary, PSL Retail, for lease liabilities related to experience centres and back-end offices in India; Rs 128 crore will be deployed for sales and marketing, and the rest will go towards general corporate purposes. With a portfolio of around 2.12 SKUs across women's wear, men's wear, fine jewellery, fashion jewellery, kids wear and accessories, .

Italian brand Police aims to tick past ₹500 cr watch sales by 2030

De Rigo Group brand sees 50% annual growth; eyes expansion in eyewear, fragrances, and leather goods

Myntra partners Sourav Ganguly to launch Souragya ethnic wear brand

Myntra has teamed up with Sourav Ganguly to launch Souragya, a premium ethnic wear brand featuring Bengali-inspired festive designs ahead of the Durga Puja shopping season

Hundreds of ordinary mourners, VIPs pay last respects to Giorgio Armani

Hundreds of ordinary admirers and VIPs paid their last respects Saturday to Giorgio Armani, remembered by Milan's mayor as a "man of extraordinary elegance" who left an indelible mark on the city and the global fashion world. Armani died Thursday at 91 at his home in central Milan surrounded by loved ones. His fashion house said he worked up to the end. One of his final projects was a runway show marking 50 years of his signature Giorgio Armani brand, which is due to close Milan Fashion Week later this month. Mourners filed into the Armani Theater, where Armani regularly showed his ready-to-wear runway collections. Rows of candles in paper bags cast a shimmering light and piano music by Italian composer Ludovico Einaudi played softly in the background. The closed coffin was adorned with a bouquet of long-stem white roses, and flanked by carabinieri honour guards in ceremonial dress. Among them was including Donatella Versace, who wore a dark skirt suit and carried a bouquet of whit

Nykaa Q1FY26 profit surges 79% to ₹24.47 cr on beauty, fashion boost

Nykaa Q1FY26 net profit rises 79% YoY to ₹24.47 crore with revenue up 23% to ₹2,154.9 crore, driven by strong growth in beauty, fashion, and distribution segments

Reliance Retail's AJIO launches four-hour delivery service in six cities

The move comes after Myntra launched its two-hour delivery service called M-Now in select areas of Bengaluru, Delhi-NCR, and Mumbai

Nykaa expects Q1FY26 consolidated net revenue to grow by around mid-20%

FSN E-Commerce projects Q1 FY26 revenue growth in the mid-20% range, led by strong performance in the beauty vertical, while fashion shows sequential improvement

Google launches AI-powered Doppl app to let users try outfits virtually

Doppl app will let users upload a photo to create a digital version of themselves and virtually try on outfits using AI

Brokerages bullish on Nykaa's BPC growth, cautious on fashion outlook

Nomura described Nykaa's growth plans in the BPC segment as being "in line with our view," and highlighted the company's strong positioning in the premium beauty space.

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