Representative Image New Delhi: Apparel brand Cantabil Retail has raised Rs 50.4 crore in Q4 FY24, said Vijay Bansal, CMD, Cantabil Retail India in a media release. The announcement comes along with Cantabil’s Q4 results. “We have further strengthened our balance sheet strength by raising ₹ 50.4 crores from marquee investors in Q4 FY24 which…
Representative Image Teen apparel retailer rue21 filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property. rue21 has attempted to sell its business, but no buyer appeared willing to pay more than the company would earn by liquidating its inventory in…
NEW DELHI: Ethnic apparel retailer Sai Silks (Kalamandir) Ltd on Wednesday said its initial share sale will open for public subscription on September 20. The bidding for the anchor investors will open on September 18. The IPO of Sai Silks (Kalamandir) Ltd (SSKL) comprises fresh issue of equity shares aggregating up to Rs 600 crore…
Uniqlo, Asia’s biggest clothing brand, has posted a 69% increase in sales while nprofit nearly tripled for its Indian unit during the year ended March 2023. The Japanese brand posted a net profit of Rs 68.38 crore with net revenues of Rs624.6 crore, according to its latest filing with the Registrar of Companies. A year…
