Representative image Homegrown premium fashion label Rare Rabbit, which raised its first external funding this year, zoomed past the Rs 600-crore revenue milestone in FY24 while its net profit more than doubled. Bengaluru-based Radhamani Textiles, which owns men’s fashion brand Rare Rabbit and women’s brand Rareism, closed FY24 with Rs 637 crore in operating revenue…
New Delhi: Noel Tata-led Trent is launching its value fashion brand Zudio in Dubai next month, the retailer’s maiden attempt to enter the overseas market to cash in on the large Indian diaspora. The first Zudio store in Dubai will be located in Silicon Oasis Mall. The Zudio format now contributes more than a third…
Manushi Chhillar, Miss World, Actor and Founder – Dweep New Delhi: Manushi Chhillar, a name that resonates with elegance and intellect, has been an inspiring figure since she clinched the Miss World title in 2017. Adding another feather to her crown, the beauty queen has entered the world of entrepreneurship, with the launch of her…
The Pant Project, a fashion brand specialising in custom-made and ready-to-wear pants, has raised $4.25 million in its maiden funding round led by Sorin Investments, an early-stage investment firm founded by former KKR India chief executive Sanjay Nayar. The round also saw participation from marquee investors MGA Ventures, Huddle, Dexter Ventures, and Indian Silicon Valley,…
Online women’s fashion brand The Loom, which has recently opened its first store in Delhi, is eying 10 per cent revenue from the offline channel this fiscal, Komal Goel and Aman Goel, co-founders, The Loom. By this fiscal end, the brand plans to open 5 company-owned, company-operated stores in Delhi, Noida, Gurgaon, Bangalore, and Mumbai….
(Representative Image) Spanish fashion retailer Tendam reported on Thursday a 10 per cent rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering. The owner of the Women’s Secret, Cortefiel and Springfield chains is ready to launch an IPO on the…
MUMBAI: Spain’s Inditex, the owner of fashion brand Zara, saw its slowest ever sales growth in India, excluding the pandemic year, in FY24 as the world’s largest fashion group faced rising competition from global rivals in the clothing market that is increasingly getting cluttered. Inditex Trent, its joint venture with Tata that runs 23 of…
Fashion brand Beyoung said it has entered into physical retailing with its first store, part of its plan to open 300 outlets within the next three years. So far, the brand captured a large part of the online market in tier 2-4 cities and said it has a broader target to strengthen its omnichannel presence…
Raghav Pawar and Amar Pawar, cofounders of the company New Delhi: Direct-to-consumer (D2C) fashion brand Powerlook is aiming to achieve a gross merchandise value (GMV) of Rs 300 crore this financial year 2024-25, clocking over two times growth against last year, the company said. The fashion brand which has presence on platforms like Myntra and…
TOKYO: Japan’s Fast Retailing Co reiterated on Thursday its forecast for a third year of record profits, as the Uniqlo owner ramps up an expansion into North America and Europe to take on entrenched rivals H&M and Zara owner Inditex. Its ambitious growth moves in Western markets comes as sales in its home market weaken,…
