Beyoung, an Indian D2C fashion brand, said it has received a strategic investment from the Royal Office of Sheikh Tahnoon Bin Saeed Bin Tahnoon Al Nahyan. The Royal family has made significant investments in the global start-up ecosystem with sectors spanning across real-estate, retail, genomics and deeptech. This strategic investment marks a pivotal moment in…
Representative image Kolkata: Shying away from e-commerce platforms, leading apparel retailers in the city are coming up with their own online channels. The retailers state that higher discounts on e-commerce platforms trigger price disparity, thus affecting sales at offline stores. This has prompted the retailers to draw up a new business strategy focusing on multichannel…
MADRID: Swedish fashion retailer H&M announced on Friday a plan to close down more than a quarter of its stores and lay off as many as 588 workers in Spain, home of its bigger rival, Zara owner Inditex, local unions said. The company will carry out the layoffs for unspecified organizational, productive and economic reasons,…
Representative image The Directorate General of Foreign Trade (DGFT) has urged the Gem & Jewellery Export Promotion Council to popularise jewellery exports through e-commerce and to position India as a top supplier, design creator and value-adding hub for gold jewellery. Santosh Kumar Sarangi, Director General of DGFT said, “India stands as one of the largest…
Fast fashion brand focussed on gen Z, Newme, on Wednesday told ET that it has raised $5.4 million (Rs 45 crore) in a seed funding round led by Fireside Ventures. The Bengaluru-based startup, which currently sells its own brand of clothing across both online and offline outlets was founded in 2022. It had in the…
Representative image Dubai: Indian apparel manufacturers are looking to hold exhibitions in world markets like Australia, the US and the UK which have strong diaspora to expand into new geographies, an industry official said. Speaking with PTI after holding the inaugural edition of the annual exhibition in the city, Clothing Manufacturers Association of India (CMAI)…
