EssilorLuxottica EssilorLuxottica has agreed to buy streetwear brand Supreme from VF Corporation for $1.5 billion, both companies said on Wednesday, marking the first acquisition of an apparel company for the French-Italian eyewear maker. In a separate statement, EssilorLuxottica said it had agreed to buy an 80% stake in family-owned Heidelberg Engineering, a German company specialising…
New Delhi: Online-first fashion accessories startup Miraggio is planning to foray into the offline space with the launch of five new exclusive brand outlets this fiscal, the company’s founder and CEO Mohit Jain shared with ETRetail. In addition to exclusive stores, the company is also expanding its presence across multi-brand outlets, he added. Started in…
New Delhi: Singapore’s Temasek and US-based Fidelity have invested around USD 200 million in eyewear company Lenskart via a secondary share sale. ET last month reported that the deal was in advanced discussions, valuing Lenskart at about USD 5 billion. Temasek already owns a 5.5 per cent stake in the startup and reportedly led the…
Abercrombie & Fitch raised annual sales growth forecast and beat first-quarter estimates on Wednesday, expecting new and on-trend apparel and accessories to drive demand at its Hollister and namesake brands, sending its shares up about 13%. Refreshing styles in low-rise baggy pants and wide-leg jeans to appeal to picky shoppers and relying less on discounts…
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said. To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of…
Representative Image Mumbai | New Delhi: From safa and mala to jooti and brooch, the quintessential Indian wedding is now incomplete without a touch of royalty for the bridegroom and even his immediate family and friends, making such accessories make-or-break accompaniments for wedding collection brands. “While it (accessories) accounts for just 7-8% of the wedding…
New Delhi: Sports performance brand ASICS India‘s profit increased 37.74 per cent to Rs 55.11 crore for FY23, and its revenue from sales grew 35.85 per cent to Rs 340.85 crore, according to data accessed by business intelligence platform Tofler. For FY22, it had reported a profit of Rs 40 crore, while its sales revenue…
New Delhi: Bagzone Lifestyles, the parent company of fashion accessories brand Lavie has raised USD 9 million in a funding round by First Bridge India Growth Fund, shared a top official of the company. This is the first external funding for the bootstrapped startup, said Ayush Tainwala, CEO, Bagzone Lifestyles. He declined to share the…
