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
Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter
Selling pressure from pre-IPO investors feared in four start-ups this month
ABFRL is aggressively expanding its network across brands with Pantaloons adding 21 outlets on a net basis and the branded business taking the store count up by 85
From spray-painted dresses to feeling the texture of a fabric on screen, fashion and shopping are becoming tech-immersive
The company plans to ramp up the store presence across key markets over the coming months
The battle is tough though, with laws limiting and the market for fakes vast
Myntra platform is geared to handle 13,000 orders per minute during the online fashion retailer's festive sale event this month
'The Indian economy is headed towards a steady recovery and as the vaccination drives progress, consumers are expected to get back to shopping with renewed confidence'
Chief Executive Officer Ankiti Bose was dismissed in May after an investigation by an independent firm into complaints of financial irregularities
Covid has been a game changer for the fashion industry and the ripples of its after-effects can be seen with many designers struggling to stay afloat
Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms
World Environment Day 2022: Did you know that fashion industry is one of the most polluting industries in the world? Watch the video to know about 'Waste Couture' and what you can do about it > > >
TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India
Post investment, GIC Singapore will own approximately 7.5% equity stake in Aditya Birla Fashion and Retail
This is the second investment firm that has spoken in the favour of strong governance framework days after Sequoia India, also an investor in Zilingo, spoke on the subject
The 38-year-old will also remain involved in managing fashion merchandise at Zara, the business that generates 70% of Inditex's revenues
As the tactile display and physical purchase of couture took a backseat, a slew of corporate acquisitions kept businesses afloat.
The upcoming edition of FDCI x Lakme Fashion Week, a fully on-ground event, is the first indication of the industry returning to normalcy, says Sethi