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…
NEW DELHI: Following the violence that erupted in Uttarakhand’s Haldwani during a demolition drive last week, Uttarakhand CM Pushkar Singh Dhami on Monday announced plans to construct a police station on the cleared land. Taking to ‘X’, CM Dhami wrote, “Now a police station will be constructed at the place where illegal encroachment was removed…
Representative Image New Delhi: Homegrown clothing brand Bombay Shirt Company, has raised Rs 54 crore in a Series B funding round led by Singularity and included contributions from Caratlane founder and Singularity general partner Mithun Sacheti, it said in a press release on Monday. As part of the transaction, new investors join the cap table…
