Fashion Industry

Fashion startup STUMBL onboards Masoom Minawala as strategic advisor

Launched in December 2022, the company claims to have served more than 10,000 young women to date, with 20% becoming repeat customers

India's young fashion stalwarts Kunal Rawal, Ekaya Banaras collaborate

Men's wear couturier Kunal Rawal and luxury handloom brand, Ekaya Banaras, come together in a unique collaboration. Two of India's young fashion stalwarts have amalgamated their design sensibilities

Tata CLiQ Luxury expands its luxury fashion category with launch of Le Mill

Partnership will offer international brands in apparel, accessories, and footwear

Nykaa records 12 times jump in revenue on Day 1 of Pink Friday sale

Beauty and fashion e-commerce firm Nykaa has recorded a 75 per cent growth in gross merchandise value and a 12-fold jump in revenue on Day 1 of its Pink Friday sale, the company said on Friday. The company said that it recorded over 400 orders per minute on the first day of the sale which started on November 21. "Nykaa Pink Friday Sale has delivered a 75 per cent growth in GMV compared to the previous year. With over 400 orders recorded every minute on Day 1 this year, the total order volume reached 8 lakhs," Nykaa spokesperson said. The sale will be live until November 28 on its website, app and Nykaa stores. The number of visitors on Day 1 of Pink Friday grew by 37 per cent to 10 million, the company claimed. "A slew of unmissable brand offers led to Nykaa clocking a growth of 34 per cent in unique visitors from 4.3 million on last year's Day 1 to 5.8 million this year. Among categories that did well compared to regular days, purchases of make-up, skincare and haircare rose ...

Fashion & beauty platform Nykaa announces CFO Arvind Agarwal's resignation

The FSN E-Commerce Ventures, that runs the fashion and beauty platform Nykaa, announced the resignation of its chief financial officer (CFO) Arvind Agarwal today on November 22

Estee Lauder to buy US fashion label Tom Ford in $2.8 billion deal

The deal is the latest in a series of acquisitions by Estee Lauder, including taking control of Ordinary skincare brand owner Deciem last year for about $1 billion

In-store sales back in vogue: Apparel retailers see record revenues in Q2

Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter

Nykaa shares slump as one-year lockup period of pre-IPO investors ends

Selling pressure from pre-IPO investors feared in four start-ups this month

Aditya Birla Fashion Q2 revenue up 50%, hits lifetime high; profit rises 6x

ABFRL is aggressively expanding its network across brands with Pantaloons adding 21 outlets on a net basis and the branded business taking the store count up by 85

How immersive technology is transforming fashion and online shopping

From spray-painted dresses to feeling the texture of a fabric on screen, fashion and shopping are becoming tech-immersive

Reliance Retail's fashion-lifestyle store AZORTE to take on Zara, Mango

The company plans to ramp up the store presence across key markets over the coming months

Indian designers get lawyers on board, declare war against plagiarism

The battle is tough though, with laws limiting and the market for fakes vast

We are set to conduct the biggest fashion festive sale: Myntra CEO

Myntra platform is geared to handle 13,000 orders per minute during the online fashion retailer's festive sale event this month

ABFRL looking at FY23 with cautious optimism, says Kumar Mangalam Birla

'The Indian economy is headed towards a steady recovery and as the vaccination drives progress, consumers are expected to get back to shopping with renewed confidence'

Zilingo COO Aadi Vaidya quits in yet another high-level departure

Chief Executive Officer Ankiti Bose was dismissed in May after an investigation by an independent firm into complaints of financial irregularities

Couture gets corporate push as designers get capital, support for vision

Covid has been a game changer for the fashion industry and the ripples of its after-effects can be seen with many designers struggling to stay afloat

Reliance Retail partners with Gap Inc. to bring Gap to India

Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms

World Environment Day 2022: How fashion is destroying our environment

Aditya Birla launches digital venture TMRW in fashion and lifestyle space

TMRW will create India's largest portfolio of disruptor brands in the fashion & lifestyle space and enable the next phase of direct-to-consumer growth in India

GIC Singapore to invest Rs 2,195 cr in Aditya Birla Fashion and Retail

Post investment, GIC Singapore will own approximately 7.5% equity stake in Aditya Birla Fashion and Retail