New Delhi: Ethnix by Raymond, an ethnic wear brand is charting a course for rapid expansion with plans to significantly increase its retail presence to 250 stores by the end of this fiscal year 2024-25 across India, a company’s senior official said. The ethnic wear brand is aiming to open over 130 stores this fiscal…
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…
The export of plain gold jewellery continues to soar, marking a significant 27.45% increase, reaching USD 342.27 million in April 2024, compared to USD 268.56 million in the same month the previous year. The overall exports of gems and jewellery declined 11.37% to USD 2074.85 million in April 2024, as compared to the same period…
NEW DELHI: Large public sector companies have spent a little over Rs 50,200 crore towards capital expenditure in April FY25 alone, which is nearly 6.5% of their full fiscal target of nearly Rs 7.8 lakh crore, an official said.The pace albeit is slower than Rs 54,177 crore capex spent in April FY24, about 7.3% of…
CHENNAI: French carmaker Citroen and its parent Stellantis will not apply for investments and benefits under India’s ambitious new electric vehicle policy for foreign carmakers. Their focus will be on making green vehicles locally, rather than go for subsidised imports, said Thierry Koskas, Citroen CEO and Stellantis chief sales & marketing officer.“Our strategy is to…
Fitch Ratings Agency on Wednesday cut China’s sovereign credit outlook to negative, pointing to escalating risks surrounding the country’s public finances. This decision, which Beijing quickly labeled as “regrettable,” underscores the mounting concerns over China’s economic stability, especially amid a persistent property sector crisis threatening broader financial repercussions.Economic headwinds and policy responsesChinese authorities have been…
Adrian Bosshard, Global CEO Rado New Delhi: India has emerged as the second largest market for Swiss luxury watch brand Rado, said Adrian Bosshard, Global CEO, Rado in a chat with ETRetail. He stated that China, India, UAE, US, and Switzerland are the top-performing markets for Rado. Commenting on Rado’s growth in India, Bosshard said…
Representative image Luxury eyewear maker EssilorLuxottica on Thursday reported third-quarter revenue of 6.3 billion euros ($6.68 billion) with Asia-Pacific sales growth of 11.75% bolstered by China. The third quarter was a “slight deceleration” compared to the first-half due to a weaker sun (glasses) retail business in the EMEA region and North America, the Ray-Ban owner…
New Delhi: The footwear industry is likely to register a moderate growth of 7-8 per cent in the current fiscal against 28 per cent in FY23, a report by Icra said on Thursday. The industry witnessed a muted revenue growth in the first half of FY24, mainly on account of factors like sluggish volume growth…
LONDON: Jewellery retailer Pandora raised its growth targets on Thursday, saying investments in the brand and store network were paying off, although it sounded a note of caution on China. Pandora’s shares jumped 5.9% in early trading after the company gave its updated outlook, ahead of a capital markets day in London on Thursday, and…
