Representative Image New Delhi: Globe Textiles India Limited (GTIL), a frontrunner in the textile industry engaged in manufacturing, supply, and trading of a wide array of textile and apparel products, including Denim jeans, Shirting fabrics, and cotton printed fabrics, has announced its ambitious plans to acquire Globe Denwash Private Limited through the purchase of shares….
Representative Image New Delhi: Aditya Birla Fashion and Retail Ltd (ABFRL), on Wednesday, has reported a rise of 16 per cent in consolidated revenue from operations in the third quarter ended December 2023 despite muted demand, it said in a regulatory filing. The company’s consolidated revenue from operations stood at Rs 4,167 crore in Q3…
Mumbai: BlueStone Jewellery, an online-first jeweller backed by Ratan Tata, plans to raise around ₹2,000 crore through an IPO, people familiar with the matter said. The startup is seeking pitches from investment bankers to underwrite and market the IPO that is likely to involve diluting a 10-15% stake, comprising a fresh issue of shares and…
Myntra New Delhi: French apparel brand, Kiabi has inked pact with Myntra to enter the India market, it said in a press release on Wednesday. The company said it will have an online brand store on the Myntra app that will help strengthen its position in the Indian fashion market. Francois Haimez, international leader, Kiabi…
Representative image Mumbai: Jewellery retailer Senco Gold has reported a 5.8 per cent growth in consolidated profit after tax at Rs 109.32 crore for the quarter ended December 31, 2023. The company’s profit after tax (PAT) stood at Rs 103.35 crore during the corresponding quarter of the previous fiscal, the jewellery retailer said in a…
Representative image Kolkata: Shying away from e-commerce platforms, leading apparel retailers in the city are coming up with their own online channels. The retailers state that higher discounts on e-commerce platforms trigger price disparity, thus affecting sales at offline stores. This has prompted the retailers to draw up a new business strategy focusing on multichannel…
JAIPUR: A special NIA court in Jaipur on Tuesday framed charges against nine accused in the beheading of Udaipur tailor Kanhaiya Lal.Two cleaver wielding men, Gaus Mohammad and Mohammad Riyaz, had entered Kanhaiya Lal’s shop masquerading as customers and hacked him to death on June 22, 2022, for a social media post supporting suspended BJP…
Ashish Dikshit, MD, Aditya Birla Fashion and Retail New Delhi: Aditya Birla Fashion and Retail (ABFRL), one of India’s largest branded fashion and retail companies, is partnering with Ingenuity to support the launch of its artisanal lifestyle brand Jaypore in the US market through the digital route, the company announced in a media release on…
BENGALURU: India’s Arvind Fashions, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter. The company’s shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks….
Abhineet Singh, Cofounder, VegNonVeg Streetwear brand VegNonVeg is eyeing to close FY25 with Rs 175 crore revenue, Abhineet Singh, co-founder, VegNonveg told ETRetail in an interaction. The brand, which clocked Rs 85 crore last fiscal, is aiming to close this fiscal with Rs 110 crore in revenue. “With the new doors opening and focus on…
