New Delhi: Brand Studio Lifestyle, a house of fashion brands has achieved a gross merchandise value (GMV) of Rs 1,320 crore in the previous fiscal FY23 and targets a GMV of Rs 2,000 crore in the fiscal year 2024, the company said in a media release on Saturday. This ambitious goal is driven by the…
Representative Image New Delhi: Styched, a direct-to-customer (D2C) fashion and lifestyle brand headquartered in Singapore, has acquired Zymrat, an innovative performance-wear brand. This strategic move marks Styched’s second acquisition, following its earlier success with Flatheads, which gained recognition on Shark Tank India Season 2. The acquisition was sealed through a cash and equity swap deal,…
Kolkata | New Delhi: Latha Radhakrishnan used to travel to Coimbatore city to buy gold jewellery from Tanishq‘s store there, but she now has the option to buy it closer home, as the Titan co-owned chain has opened an outlet at Pollachi. Tanishq’s store at Pollachi, about 40 km south of Coimbatore city and opened…
NEW DELHI: The Army is now going back in time to reclaim “India’s age-old wisdom in statecraft, strategy, diplomacy and warfare” to prepare for the battles of future. It has launched “Project Udbhav”, a “pioneering initiative to rediscover the profound Indic heritage of statecraft and strategic thoughts derived from ancient Indian texts”, an Army spokesperson…
In a devastating turn of events, heavy rains overnight have left parts of New York City submerged, wreaking havoc on its infrastructure and daily life. The catastrophe unfolded as torrential downpours pounded the northeastern United States, leaving New York City paralyzed and prompting Governor Kathy Hochul to declare an official state of emergency for multiple…
Readymade garment manufacturers are likely to post an 8-10 per cent increase in revenue on the back of growing domestic demand and revival of exports, a report said on Friday. Domestic demand and revival in exports have been driven by lower cotton prices and easing supply-chain disruptions, the report by Crisil Ratings said. Volume growth…
KARACHI: At least 52 people were killed and over 130 were injured in a suicide blast near a mosque in Pakistan‘s restive Balochistan province. Geo News reported that the explosion occurred near Madina Mosque in the Mastung district when people were gathering to mark Eid Miladun Nabi, the birth anniversary of Prophet Muhammad.Mastung’s Deputy Superintendent…
Peloton and athletic wear maker Lululemon have announced a five-year partnership, effectively closing the curtain on Lululemon’s recently acquired connected fitness device, Mirror. The interactive fitness company steps in to become the exclusive digital fitness content provider for Lululemon, which in turn becomes the primary athletic apparel partner to New York-based Peloton. Vancouver, British Columbia-based…
Promoters held 74.78 per cent stake in the company as of 30-Jun-2023, while FIIs owned 3.03 per cent, DIIs 14.71 per cent. Chico’s FAS will be taken private by Sycamore Partners for $938.1 million in an all-cash deal, the apparel retailer said on Thursday, sending its shares surging 63% in premarket trading. Shareholders of Chico’s…
The Kitex Group on Thursday began work on its second integrated fibre-to-apparel manufacturing cluster in Telangana. More than four months after commencing the work on its first project at Kakatiya Mega Textile Park (KMTP) in Warangal, it laid the foundation stone for the second cluster at Seetharampur in Rangareddy district near Hyderabad. Kitex, which is…
