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Paytm parent's quarterly loss widens as expenses surge
India's One 97 Communications Ltd, the parent of fintech firm Paytm, on Friday reported a wider fourth-quarter loss due to higher expenses related to payment processing, marketing and employee benefits.
Fashion
Business
Alibaba and Antfin sell entire stake in Paytm Mall
Chinese business giant Alibaba and its affiliated business Antfin sold their entire stake in e-commerce business Paytm Mall for Rs 42 crore which has led to a significant decrease in the business’ value.
Fashion
Business
Fashion brand Bostreet launches on Myntra
Bostreet, a women’s fashion brand has launched its first collection exclusively on fashion -ecommerce platform Myntra with over 1000 styles.
Fashion
Business
High Street Essentials raises Rs 40 crore in funding from Stride Ventures
High Street Essentials Pvt. Ltd (HSE) which owns fashion brands Faballey, Indya has raised Rs 40 crore ($5.2 million) from Stride Ventures.
Fashion
Business
Design
MoonRay partners with The Style Story for Mumbai event
Womenswear and accessories brand MoonRay traveled to Mumbai to launch its latest collection in the metro at a collaborative event with The Style Story as the young brand continues to expand its distribution base.
Fashion
Design
Jacquemus unveils collaboration with Nike
Parisian designer Simon Porte Jacquemus has designed an accessories and ready-to-wear collection with the US sports giant, available exclusively on his label Jacquemus’s e-shop from June 28.
Fashion
Design
Tom Ford stepping down as Chairman of the CFDA
Tom Ford is stepping down as Chairman of the CFDA, bringing down the curtains on a three-year term at the organization, American fashion’s governing body, in a major suprise.
Fashion
Design
New skincare brand Aminu pursues sustainability from products to packaging
Newly launched natural skincare brand Aminu is pursuing sustainable packaging options for its eco-friendly products as consumers increasingly value sustainability in beauty.
Beauty
Retail
Appointments
Vishal Fabrics Ltd elevates Vinay Thadani as CEO
Leading denim manufacturer Vishal Fabrics Limited has elevated Vinay Thadani to the position of chief executive officer of the organisation.
Fashion
Appointments
Bottega Veneta hires footwear designer Safa Sahin
The Turkish designer, who had been head of sneaker design at Balmain since 2019, is joining Bottega Veneta as a consultant designer for footwear. He will work alongside creative director Matthieu Blazy.
Luxury
Appointments
Loro Piana poaches new CCO Marco Giacometti from Valentino
The cashmere specialist owned by LVMH has appointed as chief commercial officer Marco Giacometti, who held the same post for two years at Valentino and is a highly experienced luxury industry executive.
Luxury
Appointments
Louis Vuitton names Deepika Padukone as first Indian brand ambassador
Louis Vuitton has named Bollywood star Deepika Padukone as a ‘House Ambassador’ as the actor deepens her relationship with the LVMH brand.
Luxury
People
Trends
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