Representative Image ASOS has agreed to sell its Topshop and Topman brands to a new joint venture with the holding company of Danish billionaire Anders Holch Povlsen in a deal valuing them at 180 million pounds ($237 million), the British online retailer said. Shares in ASOS soared 18% on Thursday after news of the sale,…
Representative Image Toniq Retail Brands, a multi-brand fashion company, has acquired Puducherry-based accessories brand Ayesha Accessories. Founded by Jacqueline Kapur, Ayesha Accessories is known for its in-trend and affordable range. Toniq has acquired both the Ayesha brand as well as its current retail footprint. The acquisition “strengthens Toniq Retail Brands portfolio to seven distinct brands…
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…
Mumbai: Online fashion retail brand KingsCraft Online Brands on Friday said it is eyeing Rs 50 crore revenue from its newly launched e-commerce platform Underrated Club in this fiscal. The Pune-based company, which started operations this year, also said it is looking to venture into offline segments as well with plans to set up 50…
A new U.S. crackdown on customs brokers handling billions of dollars in inexpensive online shopping orders from giants like China-linked Shein and Temu is likely to cause delivery delays and bottlenecks, industry experts said. U.S. Customs and Border Protection announced late last week it suspended “multiple” brokers from an expedited clearance program for those duty-free,…
Zara will expand its live shopping broadcasts to the UK, Europe and the United States this year, testing a format that is already wildly popular in China but one with which Western shoppers are less familiar. The fast-fashion brand, whose parent Inditex reports quarterly results on Wednesday, is investing in new ways to engage shoppers…
Ravi Malani, COO and Co Founder, Zavya Zavya, a jewellery brand, has announced the appointment of former Snapdeal senior leadership team member, Ravi Malani, as its new co-founder. Ravi Malani, co-founder of Zavya, said in a statement, “I’m thrilled to become a part of Zavya’s goal of fabricating everyday fine jewellery accessible and elegant for…
Maruthy Ramgandhi New Delhi: D2C men’s fashion wear brand Snitch has appointed Maruthy Ramgandhi as the chief technology officer (CTO), it announced in a press release on Wednesday. Ramgandhi comes with 18 years of experience in launching customer experience and data-driven delivery products in e-commerce space. He has previously worked with companies like Stumbl, Amazon,…
Mumbai: Fashion brand Powerlook Apparels on Monday announced the opening of its two new offline stores in the city and said it plans to invest Rs 50 crore in expanding the number of such outlets in the country to 50 by 2027. The fashion brand currently has a presence on leading e-commerce websites Myntra and…
Representative image Mumbai: India’s Vishal Mega Mart is planning a $1 billion initial public offering that would value the budget supermarket chain at up to $5 billion with some of the proceeds earmarked to add stores, two people with direct knowledge of the plan said. Switzerland’s Partners Group and India’s Kedaara Capital, which together have…
