Representative image LONDON: Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about 52 million pounds ($66 million). MATCHES offers products from more than 450 designers and generates the majority of its revenue internationally, with…
Representative image Dubai: Indian apparel manufacturers are looking to hold exhibitions in world markets like Australia, the US and the UK which have strong diaspora to expand into new geographies, an industry official said. Speaking with PTI after holding the inaugural edition of the annual exhibition in the city, Clothing Manufacturers Association of India (CMAI)…
Arvind Fashions, which sells products of brands such as Arrow, Tommy Hilfiger and Calvin Klein, aims to become a zero-debt company in the next two years on the back of higher cash flow and focus on franchise-based expansion, said vice chairman Kulin Lalbhai. The Bengaluru-headquartered company has rationalised its brand portfolio, reducing it to five…
Sales of used luxury items in India are soaring, reflecting the growing aspirations of young shoppers and consumers in tier-II and tier-III markets, and fuelling a previously untapped market. Despite signs of a slowdown in the global market for luxury goods, India’s Luxepolis, which claims to have an online user base of 3.5 million, recorded…
NEW DELHI: Canada experienced a historic surge in population during the first nine months of the year, primarily fueled by ‘international migration,’ surpassing the total growth for any previous full year, including the record set in 2022, according to official data released on Tuesday.As of October 1, Canada’s population was estimated at 4,05,28,396, marking an…
Representative image India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said. India, home to 90% of the world’s diamond cutting and polishing industry, is critical to the implementation of…
Representative image New Delhi: Japanese sportswear brand, ASICS plans to expand into the Indian market with the addition of 50 new stores by 2025, the company said in a press release on Wednesday. Asics India has recently launched its 100th store in India and plans to open its first mono-brand store in 2026. “India is…
Mumbai: Malabar Gold & Diamonds, a leading jewellery retailer, partners with Rand Refinery, one of the world’s foremost gold and silver refiners, to source 100% traceable ‘RandPure’ gold. Malabar Gold & Diamonds, MD – International Operations, Shamlal Ahamed, received the first shipment of 100% traceable and ethically sourced, ‘RandPure’ gold from Praveen Baijnath (CEO –…
Representative image After a lull of eight months, the domestic diamond trade is witnessing early signs of recovery as US consumers have started buying solitaires of more than one carat, helping revive the market which accounts for more than half of India’s diamond exports. “Natural diamond jewellery sales were up 5.1% by units and 4.7%…
Tokyo: A second-hand pop-up store in Tokyo by casual clothing giant Uniqlo was a first for the Japanese firm, but also a sign that a local aversion to used garments may finally be fading. Uniqlo is a major player in an industry blamed for immense carbon emissions and other pollutants like microplastics. It has ridden…
