Page 2 - Fashion

Citykart raises Rs 538 crore in Series B round led by TPG NewQuest, A91

The funding will support Citykart's expansion across India's underserved markets or Bharat, with plans to scale operations, invest in innovation, and strengthen organisational capabilities

Monte Carlo Q4 results: Net loss at Rs 10.34 cr, revenue drops to Rs 206 cr

Monte Carlo Fashions Ltd on Monday reported narrowing of its net loss to Rs 10.34 crore for the March quarter of 2024-25. The company had reported a loss of Rs 17.76 crore in the January-March quarter a year ago, according to a regulatory filing from Monte Carlo Fashions. Its revenue from operation was marginally down at Rs 205.93 crore in the March Quarter against Rs 206.52 crore in the corresponding quarter a year ago. Total expenses of Monte Carlo Fashions in the March quarter were down 4.6 per cent to Rs 228.11 crore. For the financial year ended March 2025, Monte Carlo Fashions' profit was up 35.4 per cent to Rs 81.17 crore, from Rs 59.94 crore a year ago. In FY25, total consolidated income of Monte Carlo Fashions rose 4.23 per cent to Rs 1,135.58 crore. Shares of Monte Carlo Fashions Ltd on Monday settled at Rs 610.80 on BSE, up 0.93 per cent.

E-commerce giants Flipkart, Amazon deepen fashion push in smaller cities

Flipkart's ethnic wear and Amazon's Serve store are driving fashion growth in Tier 2 and 3 cities with rising Gen Z demand and expanding customer bases

₹4,000 for a jhola? Nordstrom's 'designer bag' leaves desis in shock

An everyday Indian jhola, usually sold for ₹100, is now retailing at ₹4,000 in the US-triggering disbelief, memes, and business ideas from desis online

Luxury fashion firm Purple Style Labs raises $40 mn in Series-E funding

This funding will fuel the firm's expansion plans, both domestically and internationally, while strengthening its omnichannel capabilities to bolster shopping experience for Indian fashion globally

Fashion-tech brand Virgio aims to invest $1 mn across 16 stores under plan

On the international front, the fashion-tech brand plans to open two stores in Dubai. It is currently scouting locations and aims to begin operations by the end of 2025

US Polo eyes Rs 3,000 cr revenue in India, steps up marketing investments

Having entered India in 2009, the country has become USPA's third-largest market, following the United States and West Asia-Turkey

After Zara exit, Purple Style Labs leases Mumbai's Ismail Building

The luxury fashion brand will pay a monthly rent of Rs 3 crore for the first year of the lease period

BigBasket to power Tata Neu's quick commerce drive, says Hari Menon

Neu Flash currently offers categories such as groceries, electronics, fashion, health, beauty, and baby care

Biggest trend for brides and grooms: Wedding wear reflects individuality

The biggest trend for the bride and groom is 'being yourself', with wedding wear becoming an expression of individuality, writes Asmita Aggarwal

Minimalist maximalist Sabyasachi Mukherjee on wedding couture's evolution

From the colour red and his first bridal lehenga to how the narrative around wedding couture has changed, Sabyasachi Mukherjee takes Akshara Srivastava through his creative journey

Whizzo raises $4.2 mn from Lightspeed to transform textile manufacturing

The investment will advance Whizzo's materials science R&D, establish a cutting-edge design lab for fashion textiles, and boost its supply chain across India, Vietnam, China, Bangladesh, and Indonesia

'Virasat aur Vikas' in clothes and food: Embracing global and desi vibes

How we've shifted from loving all things Western to embracing global, desi, and global desi vibes -- with fewer value judgments

Premium products drive Republic Day sales growth amid urban slowdown

Retailers and durable goods companies report that sales during the Republic Day weekend grew by approximately 10-15 per cent compared to the same period last year

Alibaba to sell intime department stores for $1 billion amid restructuring

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud operations

Nykaa Fashion's CEO Nihir Parikh quits company with immediate effect

Nykaa Fashion chief executive officer Nihir Parikh has resigned and has been relieved with immediate effect, a regulatory filing said on Thursday. Nykaa Fashion is the fashion vertical of FSN E-commerce Ventures Ltd. "Nihir Parikh has resigned effective December 05, 2024, on account of personal commitments. He has been relieved from the services w.e.f. (with effect from) close of business hours of December 5, 2024," FSN E-commerce Ventures said in the filing. The fashion vertical accounts for less than 10 per cent of the company's revenue. The beauty segment of the company accounts for the majority of the revenue. Nykaa Fashion is still a loss-making vertical. The company has posted a consolidated net profit of Rs 12.97 crore and revenue of Rs 1,874 crore for September 2024 quarter.

Abercrombie & Fitch expands into India via partnership with Myntra Jabong

American lifestyle retailer Abercrombie & Fitch Co. on Thursday announced a multi-year franchise partnership with Myntra Jabong, the business-to-business wholesale arm of fashion and lifestyle e-commerce platform Myntra. The collaboration aims to expand Abercrombie & Fitch's retail presence in India through physical stores and e-commerce platforms, enhancing its brand reach in the region. "Over the life of the franchise agreement, Myntra Jabong will build a brick-and-mortar retail store presence in the country, regional e-commerce sites and branded digital storefronts operated by a network of licensed and independent third parties," a company statement said. Abercrombie & Fitch Co. CEO Fran Horowitz expressed enthusiasm about engaging with Indian customers and said India is an incredibly dynamic and diverse market where the brand sees "tremendous long-term potential". Store presence will be built starting from top metros, including Delhi and Mumbai, which would be among ...

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

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

Nykaa to scale up beauty, fashion biz in next 3 years: CEO Falguni Nayar

Moreover, Nykaa aims to grow its fashion business by 2.5x-3x over the next three years, as it looks to become Ebitda positive in the near future