Page 2 - Fashion Industry

Big weddings are out of style? This famous Indian designer thinks so

The wedding industry in India as we know of it today is breathing its last, said Mukherjee

Radhika, Anant Ambani feature on NYT's most Stylish People of 2024' list

As per the New York Times' Most Stylish People of 2024 list, Radhika and Anant Ambani are among the most Stylish People of 2024. This also features names like Beyonce, Nicola Coughlan and others

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

Veteran fashion designer Rohit Bal dies at 63 after prolonged illness

The news of his demise was shared on the official Instagram handle of Fashion Design Council of India (FDCI)

Fashion, premium electronics fuel shopping boom during festive season

E-commerce festive sales in 2024 have shown dynamic growth patterns, building on the momentum from last year, according to an analysis by Redseer Strategy Consultants

Fashion retailers may see up to 15% revenue growth in FY25: Report

Fashion retailers are likely to record revenue growth of up to 15 per cent in FY25 on the back of network expansion, according to a report by ratings agency Icra. The network expansion of fashion retailers would support revenue increases in the current fiscal year despite inflationary headwinds, said Icra, while giving a "stable outlook" on the fashion retail segment. "The operating profit margin (OPM) of its sample set of companies is likely to remain in the range of 13-14 per cent in FY2025. This is despite a robust 14-15 per cent YoY (Year-on-Year) revenue growth estimated for the year, supported by network expansion," it said. Icra expects fashion retailers to report marginal sequential sales growth in Q2 FY2025, especially with the shift from the festive season to Q3 this year. "The revenue growth is likely to pick up during the festive season, which coupled with regular network expansion, is expected to result in a 14-15 per cent YoY revenue expansion in FY2025," it said. Th

PDS raises Rs 430 cr through QIP, subscription exceeds 2 times issue size

PDS Ltd, a fashion sourcing and manufacturing platform serving global leading brands and retailers, on Wednesday said it has raised Rs 430 crore through qualified institutional placement. The company has successfully completed the QIP raising Rs 430 crore (around USD 51 million). The QIP attracted robust interest from institutional investors, with a subscription exceeding two times the issue size, PDS Ltd said in a statement. "This fund raise enables PDS to accelerate its growth journey of expanding into new markets and categories, as well as diversifying its sourcing regions through brownfield investments, all while maintaining a robust balance sheet," the company said. "This funding will be pivotal in propelling our expansion efforts, driving innovation, and expanding our global footprint into new and exciting markets," PDS Executive Vice Chairman Pallak Seth said. PDS Ltd is a fashion infrastructure platform offering product development, sourcing, manufacturing, and distribution

Ambani takes Shein's help to battle Tata in race to sell affordable fashion

Reliance Industries Ltd. has poured more than $2 billion into its retailing unit over the past year

ABFRL Q1 results: Net loss rises to Rs 214.92 cr, revenue at Rs 3,427.82 cr

Aditya Birla Fashion and Retail Ltd on Wednesday reported a widening of consolidated loss after tax at Rs 214.92 crore in the first quarter ended June 30, 2024, impacted by higher expenses in a subdued consumption environment. The company had posted a consolidated net loss after tax of Rs 161.62 crore in the same quarter last fiscal, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. Consolidated revenue from operations stood at Rs 3,427.82 crore in the first quarter as against Rs 3,196.06 crore in the year-ago period, the company added. Total expenses in the quarter were higher at Rs 3,724.89 crore as compared to Rs 3,458.02 crore in the year-ago period. "Businesses continued to navigate through a subdued consumption environment which was further exacerbated by a prolonged heat wave and weak wedding season," the company said. Net profit at a consolidated level was impacted due to continued investments in digital-first fashion brands TMRW and losses in premi

India a key lifestyle hub for global brands; 90% of top 50 active: Report

India is emerging as a hub for global lifestyle brands, with 90 per cent of the top 50 global brands active and many others lined up for launch in the country, driven by robust online sales and a burgeoning e-lifestyle market, according to a study. Global consultancy firm Bain & Company and lifestyle e-commerce platform Myntra on Wednesday released a study drawing insights from Bain analysis, secondary research, market participant interviews, and industry sources. "India is also a key lifestyle destination for global brands90 per cent of the top 50 global brands are active in India and half of them already have India revenue greater than USD 30 million. Scaled, global fashion brands in India have demonstrated robust growth, seeing a 20 per cent uptick year-on-year over 201823," the study showed. About 50 per cent of global brands have greater than USD 30 million in revenue in India, the study E-Styling India: Decoding India's Online Fashion and Lifestyle Shopping Trends, ...

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

Indian fast fashion industry poised to reach over $50 bn by FY31: Redseer

In FY24 alone, the fast fashion sector saw a remarkable growth rate of 30-40%

Indian fashion brands are becoming hot bets for venture capital firms

The fashion and lifestyle space is India's second largest consumer category, valued at $110 billion with approximately 10 per cent online at $11 billion

Reliance Retail's JioMart to deliver groceries in 30 mins from next month

May expand half hour delivery to electronics and fashion categories

Indian Fashion retail: Booming at both ends, lagging in the middle

India's fashion retail sees polarized growth: High-end luxury and budget-friendly brands thrive as mid-range fashion struggles with stagnant sales and economic pressures

Aditya Birla Fashion and Retail shares zoom 17% on demerger announcement

Post the demerger, ABRFL's portfolio will consist of value retail (Pantaloons), ethnic wear, luxury and digital brands

ABFRL aims to demerge Madura Fashion business into separate listed entity

Move aimed to create two growth engines with distinct value creation trajectories and a well articulated capital allocation strategy

Summer fashion style goes comfortable, environmentally sustainable

Linen, cotton, khadi among fabrics that people are wearing as temperatures rise

Myntra names Venu Nair as chief of strategic partnerships and omnichannel

Nair joins Myntra's senior leadership team where he will be responsible for strengthening the online fashion retailer's existing international brands portfolio

About 45% of demand for global brands come from non-metros: Myntra's CPTO

AI and personalised shopping drive Myntra's expansion into new regions