Daniel Wellington this week debuted its new Quadro collection, as it unveiled a brand-new ambassador, Tina Kunakey, for its watches in the latest moves from one of Scandinavia’s fastest growing accessories marques.
The CEO of Sergio Rossi is now a shareholder alongside Chinese group Fosun, which has recently acquired the Italian footwear label, and tells FashionNetwork.com how the operation unfolded, outlining his future plans.
Digital payments firm Bharatpe has announced the acquisition of Payback India from American Express and ICICI Investments Strategic Fund for an undisclosed amount.
Fosun Fashion Group (FFG), the owner of Lanvin, has acquired Italian luxury shoemaker Sergio Rossi, in the latest acquisition by the rapidly growing Chinese group.
Cantabil Retail India Ltd witnessed a 60 percent rise in its net profit at Rs 7 crore ($1 million) for the fourth quarter ended March 2021, as against a net profit of Rs 4 crore it had reported in the year-ago period.
Bata India Ltd reported a 23 percent fall in consolidated net profit at Rs 29 crore ($4 million) for the fourth quarter ended March 31, as against a net profit of Rs 38 crore it posted in the year-ago period.
Speculation over the future of Italian fashion group Armani came to the fore on Wednesday after the Milanese brand said it had no interest in a tie-up with car maker Ferrari, as proposed in a plan by investment banks.
Inditex bounced back with a vengeance in Q1 with the Spanish fashion retail giant reporting higher profits and saying its sales grew 50% year-on-year. Sales in Q2 so far have also exceeded those of Q2 2019.
Bella Casa Fashion & Retail Ltd witnessed a 94 percent rise in its net profit to Rs 2 crore ($274,019) for the fourth quarter ended March 2021.
Dabur India Ltd witnessed a 34 percent jump in its consolidated net profit at Rs 378 crore ($51.7 million) during the fourth quarter ended March 31, as against Rs 281 crore in the year-ago period.
Walmart Inc-owned Indian e-commerce firm Flipkart is in talks to raise at least $3 billion from investors including Japan's SoftBank Group Corp and several sovereign wealth funds, reports say.
Newly launched Gulf-based startup Opontia has raised $20 million to help it to finance acquisitions of e-commerce brands in the Middle East and Africa, its chief executive said on Monday.
Fast-moving consumer goods giant Emami has increased its product prices by 4% on average this fiscal year in a move designed to retain its profit margin and has launched rural expansion project ‘Khoj’ in Uttar Pradesh.
Digital payments firm Paytm managed to narrow its consolidated loss to Rs 1,704 crore ($233 million) in 2020-21, as against a loss of Rs 2,943 crore it reported in the financial year 2019-20.
Body Shop owner Natura &Co has unveiled Fable Investments, a investment vehicle set up to support beauty, health and wellness companies. And its first investment is in Britain's Perfumer H.
