Representative image New Delhi, Motisons Jewellers, a Jaipur-based retail jeweller company, has garnered Rs 33 crore in its pre-IPO (initial public offering) funding round. The company saw participation from individual and institutional investors, including Sunil Kothari & Sons, Manish Parakh, Isha Parakh, Manish Parakh HUF, Rajesh Kumar Kabra, and Jagdamba Coal House, Prabhudas Lilladhar Advisory…
New Delhi: Footwear retail chain Metro Brands on Thursday reported a 13.18 per cent decline in consolidated net profit to Rs 67.62 crore for the September quarter. The company had posted a net profit of Rs 77.89 crore during the year-ago period, Metro Brands Ltd (MBL), earlier known as Metro Shoes, said in a regulatory…
All India Gem And Jewellery Domestic Council (GJC) is not in favor of banning the import of rough natural diamonds until December 15, a top official said. The GJC board will meet to deliberate on the issue in order to prevent a hardening of the price of the precious stone in the domestic market ahead…
Representative image US based Anne Klein and Canada based Herschel Supply has partnered with Apparel group for India entry. Apparel group sells brands such as Aldo, Canadian lingerie and sleepwear brand, la Vie en Rose, Charles & Keith and Bath & Body Works in India. The products will be available on e-commerce platform Myntra. Additionally,…
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…
New Delhi: Top executives from the fashion and apparel industry on Thursday highlighted the importance of a strong and transparent supply chain for fashion businesses and the increasing role of technology and data in brand building. The industry experts were speaking at ETRetail’s inaugural edition of the Fashion and Apparel Innovation Summit held on October…
Representative Image Higher discounts following a demand slowdown and increased advertising and promotion expenses to support revenue growth are likely to pressurise profit margins of fashion retailers in FY2024, according to an analysis by ICRA. The operating profit margins of 11 listed retail entities, which accounts for 23% of industry revenue, will moderate by close…
The World Gold Council on Wednesday announced that its members, who represent the majority of the global large-scale gold mining industry, have committed to providing enhanced transparency in the gold supply chain. All 33 World Gold Council members with operating mines, who collectively produce 1,300 tonnes of gold per annum, have committed to publishing the…
Representative Image New Delhi: Aditya Birla Fashion and Retail plans to raise Rs 750 crore on or after September 4 through debt bonds, the company said on Thursday. The company will raise funds on a private placement basis, Aditya Birla Fashion and Retail (ABFRL) said in a regulatory filing. “The Company proposes to raise funds…
Gap Inc.’s latest turnaround plan looks awfully familiar so far. To shake itself from a funk that has lasted 20 years, the retailer has routinely pinned its hopes on chief executive officers who promised fresh ideas. There was someone from Disney and then a drugstore retailer. One had a consulting background and another knew supply…
