In an era where climate action and responsible business practices are paramount, sustainability is no longer a peripheral concern but a strategic necessity. In an interaction with ET Online, Naresh Tyagi, Chief Sustainability Officer at Aditya Birla Fashion and Retail (ABFRL), and Chairman of the expert committee on sustainable practices at the Indian Chamber of…
Representative Image MUMBAI: Leading designer brands from Tarun Tahiliani and Abu Jani, Sandeep Khosla to Sabyasachi and Rahul Mishra recorded a surge in sales of wedding and occasion wear in 2023-24, ranging between high double-digits and triple digits, bucking the overall trend of lacklustre demand as a sharpening focus on premiumisation added sheen to their…
Representative image Amid positive indicators for the economy such as slowing inflation and progress of the southwest monsoon, here’s another that reflects optimism: inner wear sales. Leading companies such as Page Industries, which has the rights for the Jockey brand in India, Aditya Birla Fashion and Retail, Arvind Fashions and Rupa & Co. have attested…
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL). Its…
Representative image New Delhi: Ethnic-wear brand TCNS Clothing, reported a net loss of Rs 63.60 crore in the quarter that ended March 31, 2024, according to its BSE filing. The company reported a loss of Rs 28.12 crore during the same quarter last year. Aditya Birla Fashion and Retail acquired a 51 per cent stake…
Mumbai: Spanish fashion company Inditex said it will launch youth clothing brand Bershka and Zara Home in India this year. “Bershka will open its first store in Mumbai Palladium, and Zara Home will open in Bangalore,” it said in its latest annual report. Inditex had launched fast fashion brand Zara in 2010 and premium clothing…
Paridhi Joshi, Assistant Vice President, FNP – Retail New Delhi: Gifting brand FNP (formerly Ferns N Petals) has appointed Paridhi Joshi as assistant vice president (AVP) – retail, it announced in a press release on Wednesday. Joshi comes with an experience of 14 years in the retail industry. She has previously worked with Mensa Brands,…
Representative image Aditya Birla Fashion and Retail Ltd on Thursday reported a consolidated net loss of Rs 200.34 crore for the second quarter ended September 2023. The company had a net profit of Rs 29.42 crore during the July-September quarter of the previous fiscal, according to a regulatory filing from Aditya Birla Fashion and Retail…
Representative Image With Indian consumers continuing to go slow on discretionary spending amid sticky inflation, companies across segments in the country are reporting tepid numbers. Lukewarm demand trends have become the norm for businesses ranging from fashion retailers to quick service restaurant (QSR), ToI reported on August 17. The demand situation is posing a challenge,…
