H&M will unveil another new brand next year with e-tail and pop-up label Nyden. It will be a launch with a twist as the Millennial-focused brand goes for co-creation, authenticity and speed - but not 'fast fashion'.
Benetton continues to struggle in the Indian market as it sales revenue took a hit falling 5 percent to Rs 699 crore (approx $109.2 million) with losses widening to Rs 49 crore (approx $7.7 million) for FY 2017.
Celebrity husband-wife duo Mahesh Bhupathi and Lara Dutta have initiated insolvency proceedings against India’s top jewellery manufacturer Gitanjali Gems Ltd to recover their pending dues for endorsing the brand.
Italian fashion house Valentino aims to sell around a quarter of the company in an initial public offering (IPO) which will not take place before the second half of 2018, a source close to the matter said.
For the past nine financial quarters, Raymond Group has reported increased performance. Alongside the growth, the company is keen to ensure continued employee wellbeing, says Gautam Singhania, the Chairman of Raymond.
Amazon India has claimed it outperformed Flipkart in the fashion segment for the October & November period, claiming it was the fasting growing marketplace in the country for 2017, according to a top company official.
US styling service Stitch Fix reported stronger-than-expected quarterly earnings on Tuesday, despite a 71% decline on last year. It was the first financial report since its $120 million IPO launch at the end of November.
Victoria Beckham’s brand may have lost over £8m last year but the firm is upbeat and said in accounts filed this week that it “continued to perform well in all its markets, despite a difficult trading environment”.
Voonik has reported a strong response to the childrenswear collection they first launched online on November 14 and hopes it will continue to drive growth for the business with the addition of ethnic wear.
Koovs reported a better set of results for the first half as it sold more full-price product and boosted brand awareness. But profits remain elusive and the company must close a funding round to generate marketing cash.