Page Industries, which licenses Jockey International’s products in India, reported smaller-than-expected profit and revenue on Thursday, hurt by high inventory costs and subdued demand. The company reported an inventory cost of 364.6 million rupees, compared to a negative 1.83 billion rupees in inventory value a year ago. Its total expenses fell just 0.5%, while raw…
Yogesh Kabra, Founder & CEO, XYXX New Delhi: Men’s lifestyle brand XYXX has announced its employee stock ownership plan (ESOP) buyback, it said in a press release on Monday. The brand introduced the ESOP programme 4 years ago and employees who have completed their tenure are eligible for the buyback. The ESOP programme is eligible…
Men’s innerwear brand XYXX, which closed the last fiscal with Rs 110 crore revenue, is targeting 50-70 per cent growth this fiscal. The brand foresees 50 per cent growth year-on-year for the next 10 years, Yogesh Kabra, founder, XYXX told ETRetail. To meet the expected revenue target, the brand is focusing on offline expansion along…
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…
