Puma stood by its full-year outlook on Tuesday and reported a stronger than expected third-quarter profit margin, reassuring investors and boosting its shares after a stronger euro dented the German sportswear brand’s quarterly earnings. Shares in the company gained 4% in early trading. The stock dropped 10% in a day earlier this month after analysts…
New Delhi: D2C essential menswear brand DaMENSCH is planning to open 100 stores by the end of 2024, the company shared in a media release on Wednesday. Within a span of 12 months, the homegrown innerwear brand has opened 25 exclusive retail outlets in India. On the recent launch of its 25th store, Gaurav Pushkar…
Amar Nagaram, founder and CEO, Virgio Within a year of having raised $37 million at a $160 million valuation, Virgio, a fashion startup set up by former Myntra chief executive Amar Nagaram, is shutting its fast fashion business. With about $25 million left in the bank, the firm has been eyeing a pivot for the…
Levi Strauss & Co president Michelle Gass said India is now the largest market for them within Asia and sixth largest globally. The San Francisco-based jeans maker, which opened its first door in the country three decades ago, said the country is the fastest-growing major economy in the world in 2023, and it expects significant…
New Delhi: Top executives from the fashion and apparel industry on Thursday highlighted the importance of a strong and transparent supply chain for fashion businesses and the increasing role of technology and data in brand building. The industry experts were speaking at ETRetail’s inaugural edition of the Fashion and Apparel Innovation Summit held on October…
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: Menswear brand Arrow has appointed Anand Aiyer as its new chief executive officer (CEO), the company announced in a media release on Thursday. With over 24 years of experience in the fashion and retail sector, Aiyer’s tenure marks a pivotal moment in the company’s journey, ushering in a new era of growth and…
LONDON: Extreme heat and flooding could erase $65 billion in apparel export earnings from four Asian countries by 2030, as workers struggle under high temperatures and factories close, research from Schroders and Cornell University showed on Wednesday. The study also mapped out the supply chains of six unidentified global apparel brands operating in the four…
All India Football Federation on Thursday announced Reliance Retail‘s Performax activewear as the official kit sponsor for the Indian football team. The Indian team will debut the new kit during the 49th King’s Cup 2023 being held in Thailand between September 7 and 10. Team India is sto kick off the tournament by taking on…
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…
