Textile and hosiery firm Dollar Industries Limited will invest around Rs 200 crore (approx $31.3 million) to strengthen its position in the north and west Indian markets by acquiring local players from the regions.
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.