Metro Brands which sells shoes from brands including Fila, Crocs and Mochi, reported its fourth straight drop in quarterly profit on Thursday, hurt by high inventory costs amid slowing sales growth. The company’s net profit fell 12.6 per cent to Rs 97.81 crore in the October-December quarter, missing analysts’ estimate of Rs 122 crore, as […]
Fast Retailing stated on Tuesday that its Uniqlo business had filed a lawsuit in Japan against Shein’s owners, alleging that the Chinese fashion firm copied their round mini shoulder bag, the news agency Reuters reported. According to Fast Retailing, the petition was filed in Tokyo District Court on 28 December against Roadget Business Pte, Fashion […]
Jewellery brands are strategically establishing a robust online presence to leverage digital platforms for driving sales, writes Dipu Mehta In a landscape shaped by ever-changing consumer preferences, the Indian jewellery market has undergone a significant transformation. The dynamic world of the Indian jewellery market is akin to the changing seasons, where enduring brands stand […]
Supam Maheshwari, CEO, and Co-founder of the mother and child care ecommerce platform FirstCry, purportedly sold 6.2 million shares before the company’s upcoming initial public offering (IPO). Media sources estimate the value of the shares he sold to be more than Rs 300 crore. Maheshwari, named as a selling shareholder in the draft red-herring prospectus […]
Kidbea, a bamboo-based kids fashion brand has raised USD 1 million in funding in the Pre-series A round led by early-stage investment firm Venture Catalysts. The funding round also saw involvement from Agility Ventures and BestVantage Investments, as well as notable figures in the industry such as Sandeep Agarwal and Upasana Agarwal, founders of Droom, Ashok Bahadur, alongside […]
Although winter is the peak time for the textile industry to make sales, the traders have reported that all their hopes have been dashed to the ground due to the late arrival of the winter season. The industry which has already been facing stagnation for the last few years also failed to get relief this […]
UNIREC, a sustainable brand from India has closed a seed funding round, securing a substantial investment of USD 190,000 (1.5 Crore in INR) from BeyondSeed, a leading Singapore-based seed fund. The USD 190,000 ( Rs 1.5 Crore) seed funding, exclusively provided by BeyondSeed, is strategically allocated to help in market expansion and intensify research and […]
Across the fashion industry, focus has shifted to data driven and shorter design to delivery timelines. This trend has redefined sourcing and production processes, rendering traditional methods obsolete. “Data gives more confidence to buyers for high sell through and faster development cycles allow them to not only launch collections faster but also churn new styles […]
In 2023, the fashion industry witnessed a transformative shift towards sustainable practices, reflecting a changing consumer ethos. The demand for eco-friendly clothing saw a remarkable 25 per cent increase, indicating a growing consciousness among consumers. Sustainable fashion became more than a trend; it became a cornerstone of consumer preferences. Another significant trend in 2023 was […]
Brainbees Solutions (FirstCry), a retail platform specialising in products for mothers, babies, and kids, has submitted its Draft Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (SEBI). The initial public offering (IPO) of the company includes a fresh issue of equity shares totaling up to Rs 18.16 million and an offer-for-sale […]
