Lab-grown diamonds are set to acquire a new sparkle this festive season, amid growing acceptance among customers, according to industry executives. With the introduction of buyback schemes by manufacturers and expansion of the store network, up to 60% year-on-year growth is expected during this period, they said. Even high-net-worth individuals (HNIs) have taken a shine…
New Delhi: Reliance Brands through its wholly owned subsidiary in UK (RBUK), has on Wednesday signed a definitive agreement to enter a joint venture with UK-based Superdry PLC, marking a significant new chapter in its partnership with Superdry PLC. Reliance Brands Limited (RBL) is a subsidiary of Reliance Retail Ventures Limited and began operations in…
Fair trade regulator CCI on Tuesday approved the acquisition of 1.74% equity stake of Lenskart Solutions by Kedaara Capital Fund III LLP. Lenskart Solutions is into the business of eyewear products, while Kedaara Capital Fund III LLP is a Sebi-registered Alternative Investment Fund (AIF). The latter is part of the Kedaara Group. In a tweet…
BENGALURU: UK’s struggling fashion retailer Superdry said on Wednesday it would sell its intellectual property assets in South Asia to Reliance Retail, India’s largest retailer, for 40 million pounds ($48.27 million) via a joint venture. Superdry – which has been grappling with weak orders from wholesale partners cautious on stock levels and liquidity – said…
New Delhi: ETRetail is all set to present its inaugural Fashion and Apparel Innovation Summit 2023 (FAIS 2023) on October 5th at the Hyatt Regency in New Delhi. This summit promises to be a defining moment for the fashion and apparel industry bringing together more than 30 Fashion, Lifestyle, Footwear & accessories brand leaders, celebrities,…
Swades actress Gayatri Joshi and husband Vikas Oberoi are currently in Italy, where their vehicle met with an accident. Their car was involved in a multiple-car collision.According to reports, Gayatri and Vikas’ car crashed into other vehicles and a camper car. The accident reportedly took place as a Lamborgini and Ferrari tried to overtake a…
The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian gem and jewellery exporters, has reaffirmed its commitment to facilitating cooperation to address the G7’s concerns with regard to industry compliance. The commitment from the industry comes following the visit of a high-powered delegation from G7 countries to Mumbai and Surat in…
NEW DELHI: Prime Minister Narendra Modi on Tuesday said Telangana chief minister K Chandrashekar Rao wanted to join the BJP-led National Democratic Alliance after the Hyderabad Municipal Corporation elections, but he turned down the request of the Bharat Rashtra Samithi (BRS) supremo. At a rally in poll-bound Telangana, PM Modi said: “Let me tell you…
Mumbai: Cotton, PV-dyed yarn and ready-to-stitch fabric producer Sangam India expects to achieve a revenue of around Rs 4,000 crore by 2024-25, following capacity expansion at its seven production units in Bhilwara in Rajasthan, a top company executive has said. “We recorded Rs 2,730 crore revenue in FY23, and this financial year we are expecting…
DEORIA: Six people, including two women, were killed in violence apparently stemming from an already resolved land dispute in Fatehpur village, 20 km from the district headquarters, on Monday morning. Five of the deceased were from the same family. Fourteen people have been detained by police.Post-mortem examinations of the six bodies had been conducted by…
