Arvind Fashions

The retailer is already in advanced stage talks to take over Sephora India rights from Arvind Fashions, which also gives it access into the premium beauty and personal care space offline

According to the technical analyst from Anand Rathi, Arvind Fashions can rally to Rs 440, while CAMS can surge to Rs 3,650 within a year's time.

Reliance Retail will be the official retailer for Gap in India, mixing exclusive stores and digital commerce platforms.

Having raised funds to deleverage, it had exited certain brands to focus on only six marquee ones: US Polo Association, Arrow, Flying Machine, Calvin Klein, Tommy Hilfiger and beauty brand Sephora

Six high-conviction brands on which it now wants to build profitability include US Polo Association, Tommy Hilfiger, Calvin Klein, Arrow, Flyi­ng Machine and Sephora

With this fundraise, the company completes the capital requirement needed for growth and navigating any uncertainties

The investors who participated in the fundraise are Akash Bhanshali, existing shareholders including ICICI Prudential Mutual Fund, various foreign institutional investors

The company would receive cash consideration estimated at about Rs 150 crore upon the closure of transaction and thus, will fully recover the capital employed in the business

This was helped by higher revenue from operations.

Arvind Fashions Ltd (AFL) on Wednesday reported a consolidated net loss of Rs 65.62 crore in the third quarter ended December 31, 2020. The company had posted a net loss of Rs 48.26 crore in the year-ago period, AFL said in a BSE filing. Its net sales during the period under review was at Rs 911.13 crore. It was Rs 1,062.28 crore in the year-ago period. Commenting on the results AFL MD and CEO J Suresh said with better than expected sales recovery through improved footfalls during the festival period which has resulted in significantly improved profitability and a cash breakeven for continuing business in Q3 FY21. "Our focus on digital and omni-channel initiatives and a deep cost focus continue to deliver robust outcomes. At the back of strong Q3, we expect H2 FY21 to be significantly better in terms of sales & profitability growth, he added. Arvind Fashions said its board has also approved issue of equity shares for an amount up to Rs 200 crore on rights basis. "The board ...

Trading longs should be held on with the stop loss of 12,700 levels. We expect midcaps to outperform in the coming days.

Appoints Shailesh Chaturvedi as MD and CEO with effect from February 2021

All that happened in the markets today

Yesterday, the company's right entitlement (RE) witnessed huge sell-offs

The companies said this investment builds on the long-standing engagement between the two organisations that have been working together for several years

Revenue from operations fell 39.22 percent to Rs 710.46 crore during the quarter under review

All that happened in the markets today

Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary which will own the Flying Machine brand

The board has approved the rights issue of up to 3,99,79,347 equity shares of face value of Rs 4 each at an issue price of Rs 100 per equity share

The company is also taking steps including slashing expenditure to manage adverse impact from sharp decline in demand and disruption in operations