Shein’s revenue growth slows in first half amid IPO plans, The Information reports – ET Retail

Representative image Online retailer Shein‘s revenue growth slowed to 23% in the first half of this year, from 40% last year, The Information reported on Tuesday, citing two people familiar with the matter, as it prepares for a highly anticipated listing in London. The deceleration in growth coincides with rising competition from Chinese bargain shopping…

Read More

India’s organised retail apparel sector to clock 8-10 % growth this fiscal – ET Retail

Representative image The organised retail apparel sector in India is projected to see 8-10 per cent revenue growth this fiscal, riding on higher demand stemming from a normal monsoon, easing inflation, festive and wedding season and increasing preference for fast fashion, a report showed on Tuesday. Retailers in the country are adjusting business strategies, enhancing…

Read More

The Pant Project raises $4.25 million in maiden funding round – ET Retail

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,…

Read More