New Delhi: The footwear industry is likely to register a moderate growth of 7-8 per cent in the current fiscal against 28 per cent in FY23, a report by Icra said on Thursday. The industry witnessed a muted revenue growth in the first half of FY24, mainly on account of factors like sluggish volume growth…
LONDON: Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and store network were paying off, although it sounded a note of caution on China. Pandora’s shares jumped 5.9% in early trading after the company gave its updated outlook, ahead of a capital markets day in London on Thursday, and…
New Delhi: Top executives from the fashion and apparel industry on Thursday highlighted the importance of a strong and transparent supply chain for fashion businesses and the increasing role of technology and data in brand building. The industry experts were speaking at ETRetail’s inaugural edition of the Fashion and Apparel Innovation Summit held on October…
North Sikkim’s South Lhonak glacial lake, the epicentre of the massive flash flood that ravaged the region on Wednesday, had been literally bursting at the seams after more than tripling in size from 0.42 sq km to 1.35 sq km in less than three decades. As Lhonak grew between 1990 and 2019 into a giant…
NEW DELHI: Google on Thursday launched its official doodle for the opening day of ICC Men’s World Cup 2023 in India.Open Google on your smartphones, laptops, tablets, etc., and the first thing that pops up will be the Google doodle where two ducks are seen running across the stumps and playing cricket. It is the…
Lab-grown diamonds are set to acquire a new sparkle this festive season, amid growing acceptance among customers, according to industry executives. With the introduction of buyback schemes by manufacturers and expansion of the store network, up to 60% year-on-year growth is expected during this period, they said. Even high-net-worth individuals (HNIs) have taken a shine…
New Delhi: Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in…
Fair trade regulator CCI on Tuesday approved the acquisition of 1.74% equity stake of Lenskart Solutions by Kedaara Capital Fund III LLP. Lenskart Solutions is into the business of eyewear products, while Kedaara Capital Fund III LLP is a Sebi-registered Alternative Investment Fund (AIF). The latter is part of the Kedaara Group. In a tweet…
BENGALURU: UK’s struggling fashion retailer Superdry said on Wednesday it would sell its intellectual property assets in South Asia to Reliance Retail, India’s largest retailer, for 40 million pounds ($48.27 million) via a joint venture. Superdry – which has been grappling with weak orders from wholesale partners cautious on stock levels and liquidity – said…
New Delhi: ETRetail is all set to present its inaugural Fashion and Apparel Innovation Summit 2023 (FAIS 2023) on October 5th at the Hyatt Regency in New Delhi. This summit promises to be a defining moment for the fashion and apparel industry bringing together more than 30 Fashion, Lifestyle, Footwear & accessories brand leaders, celebrities,…
