Fashion Portals

France moves to suspend Shein after childlike sex dolls found online

France has started action to suspend Shein after banned items like childlike sex dolls and weapons were found on its website, just hours after the Chinese retailer opened its first Paris store

Shein's first permanent stores in France spark backlash: What it means

The opening of permanent stores represents a major milestone for the company, which until now has relied primarily on temporary pop-up shops worldwide as a marketing strategy

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

Burberry's new CEO Schulman faces outlet store and pricing dilemmas

Schulman, the company's fourth CEO in 10 years, previously held the top job at Coach and at Michael Kors, and is expected to set out a new strategy for Burberry at half-year results on Nov 14

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

Meesho building portfolio to tap next billion users: CXO Utkrishta Kumar

Annual transacting users surged 80% to 140 million; orders up 135% to a record 910 million in CY22

Nykaa's strong performance in Sept quarter bucks new-age tech bloat

Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk

Away from office, on the job

While there is a reason the siesta happens in the middle of the day but its benefits are not equal for all and some of us cannot sleep in the daylight

Entertain and inform: Customers want more than what traditional stores give

It is no longer about digital versus offline retail, or about creating an omnichannel brand

Fashion portals on profit highway

Fashion portals seem to be doing better than their peers. With margins of 20 to 60 per cent, the category is being perceived as a money churner.