Gautam Singhania, chairman of Raymond Mumbai: Raymond Lifestyle (RLL), the demerged entity of the ₹9,286-crore conglomerate Raymond, has appointed some top executives of India Inc as independent directors ahead of a possible listing next month. Vineet Nayar, former chief executive of HCL Technologies, GC Chaturvedi, former chairman of ICICI, Anisha Motwani, board member of Abbott,…
Representative Image The rich list and the numbers of high-net-worth individuals are going up in Hyderabad, prompting luxury brands to take note. Industry insiders said Hyderabad is now snapping at the heels of Delhi and Mumbai and is a market to watch out for. “In 2012, we had only three entrants from Hyderabad on the…
New Delhi: Shoppers Stop‘s value fashion brand Intune has entered Delhi NCR with its first outlet in Elan Miracle Mall, Gurugram, the company said in a media release. Intune currently is competing with the likes of similar value formats such as Trent’s Zudio and Landmark’s Max Fashion. Earlier, Shoppers Stop shared that it is planning…
(Representative Image) The operator of Japan’s high-street fashion giant Uniqlo on Thursday hiked its full-year net profit forecast, predicting record results despite an underwhelming performance in China. Retail behemoth Fast Retailing said it was on course to make 365 billion yen (USD 2.26 billion) in the year to August, upgrading its previous estimate of 320…
Gold demand in India fell up to 15% year-on-year in the April-June quarter, with consumers shying away from the precious metal as prices escalated. With very few wedding dates in July, demand for gold jewellery has not picked up this month either, although some jewellers said certain markets saw sporadic sales increases due to the…
NEW DELHI: Shoppers Stop, India’s oldest department store chain, plans to enter luxury retailing with large-format standalone stores that will sell brands such as Gucci and Louis Vuitton, one person aware of the company’s plans told ET. The new format will also house the Aditya Birla Group’s luxury store The Collective, the person said. The…
New Delhi: Retail conglomerate, Apparel Group has partnered with footwear brand Crocs as its retail licensee in the North and East of India, it announced in a press release on Thursday. “Our focus is to build on the success we have together achieved in the GCC region and extend it to new markets in North…
Representative image The success of Adidas‘ low-rise multi-coloured Samba and Gazelle sneakers, along with weaker sales at rival Nike, should help the German sportswear brand deliver strong second-quarter sales and its biggest profit margin in three years. Nike forecast a surprise drop in annual sales at the end of June, adding to investor worries about…
Manushi Chhillar, Miss World, Actor and Founder – Dweep New Delhi: Manushi Chhillar, a name that resonates with elegance and intellect, has been an inspiring figure since she clinched the Miss World title in 2017. Adding another feather to her crown, the beauty queen has entered the world of entrepreneurship, with the launch of her…
Textile waste is an urgent global problem, with only 12% recycled worldwide, according to fashion sustainability nonprofit Ellen MacArthur Foundation. At a factory in Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colours, pile up on a workroom floor. Jacket sleeves, collars…
