Page 3 - Fashion Brand
Magicpin plans to have 20,000 fashion stores on its platform: CEO
Hyperlocal e-commerce firm magicpin plans to have 20,000 fashion stores on its platform by December this year, a senior company official said. The company claims to have added over 150 fashion brands and 10,000 fashion stores in the last 12 months. Fashion as a category currently contributes 25 per cent to the company's total business, magicpin CEO and co-founder Anshoo Sharma told PTI "Going further, we will double down our presence and tie up with 10,000 more fashion stores by the end of this calendar year and bring our grand total to 20,000 stores by end of the year, as customers' seek value for money fashion options from popular international and national brands," he said. According to Statista, India's fashion market size was estimated at USD 97.8 billion in 2020 and is projected to reach USD 180 billion by 2030, growing at a CAGR of 8.5 per cent. The company has onboarded brands like Puma, Titan World, Wildcraft, United Colors of Benetton, Levi's, Lifestyle, Pantaloons, Max
 "Magicpin plans to have 20,000 fashion stores on its platform: CEO")
Amazon leads $20 mn funding round in children's fashion brand Hopscotch
Start-up says it will use the money for marketing, broaden its selection, get more customers
 "Amazon leads $20 mn funding round in children's fashion brand Hopscotch")
Sustainable fashion gets thrown a life jacket after PM wears upcycled sadri
This is the first company in India with end-to-end capabilities in the sector, starting from recycling and making yarn and fibre to value-added finished products
 "Sustainable fashion gets thrown a life jacket after PM wears upcycled sadri")
Apparel supply chain start-up Fashinza raises $30 mn in business funding
B2B platform connects small and medium enterprises directly to fashion brands across the world
 "Apparel supply chain start-up Fashinza raises $30 mn in business funding")
Fashion startup STUMBL onboards Masoom Minawala as strategic advisor
Launched in December 2022, the company claims to have served more than 10,000 young women to date, with 20% becoming repeat customers
 "Fashion startup STUMBL onboards Masoom Minawala as strategic advisor")
How Tiger-backed Geniemode is building powerhouse for world fashion players
Their firm, Geniemode, today has over 250 suppliers in India and Bangladesh to serve some of the biggest names in fashion globally
 "How Tiger-backed Geniemode is building powerhouse for world fashion players")
Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer
"We are excited to welcome Arvind to our leadership team," said Prosus-owned PayU India in a statement
 "Former Nykaa CFO Arvind Agarwal joins PayU India as chief financial officer")
Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal
The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about $1 billion
 "Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal")
Reliance Retail's brand partnerships increase three-fold in the past decade
A Business Standard analysis found that while the number of Reliance retail stores has grown fourfold in six financial years, this growth has not been uniform
 "Reliance Retail's brand partnerships increase three-fold in the past decade")
US Fashion brand Gap returns to India, signs deal with Reliance Retail
Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.
 "US Fashion brand Gap returns to India, signs deal with Reliance Retail")
Myntra gets master distribution rights for US fashion brand 'bebe' in India
As part of the licensing agreement, Myntra will assist bebe with wholesale distribution through a network of independent third-party franchise partners and distributors.
 "Myntra gets master distribution rights for US fashion brand 'bebe' in India")
 "Ethnic brand KIAASA making strides in the apparel industry")
Aditya Birla Fashion collaborates with Germany's GIZ to boost circular biz
Aditya Birla Fashion and Retail Limited (ABFRL) on Wednesday announced collaboration with Germany's GIZ, a move aimed at strengthening circular business practices for the Indian market.
 "Aditya Birla Fashion collaborates with Germany's GIZ to boost circular biz")
Bewakoof expands its fashion category with launch of streetwear collection
The expansion of categories is part of the company's goal to reach Rs 2,000 crore in revenue by 2025
 "Bewakoof expands its fashion category with launch of streetwear collection")
Founder's daughter named chair of Spanish fashion giant Inditex
The daughter of the founder of Spanish clothing company Inditex, which owns Zara, Massimo Dutti and other fashion chains, has been named as the company's next chairperson, the company said Tuesday.
 "Founder's daughter named chair of Spanish fashion giant Inditex")
Myntra makes foray into social commerce at scale with 'M-Live'
M-Live brings a first-of-its-kind, interactive and real-time live shopping experience
 "Myntra makes foray into social commerce at scale with 'M-Live'")
Go Fashion's Rs 800-crore IPO to open on November 17: Check details here
The IPO comprises fresh issue of equity shares aggregating up to Rs 125 crore
 "Go Fashion's Rs 800-crore IPO to open on November 17: Check details here")
US-based Poshmark enters India's booming circular fashion industry
US social commerce marketplace Poshmark is the latest to enter a growing space for pre-loved fashion
 "US-based Poshmark enters India's booming circular fashion industry")
New e-com, fashion brands see surge in sales as festive season begins
E-commerce and luxury fashion brands are witnessing bumper sales especially from the tier 2 and 3 cities, keeping their cash registers ringing
 "New e-com, fashion brands see surge in sales as festive season begins")
D2C fashion firm Bewakoof raises Rs 60 cr in pre Series-B funding
Round was led by InvestCorp with participation from IvyCap Ventures and Spring Marketing Capital; with this the firm has so far raised Rs 170 cr