​Hermès became the latest luxury group to announce a rebound on Friday as the upscale leather goods and fashion maker saw its sales soaring during Q2 and the first half as a whole.

Selfridges is for sale with a formal auction process about to start. It hasn’t been announced by its owners, the Westons, but a news report said Credit Suisse will be canvassing prospective buyers “imminently”.

Entrepreneur and yoga guru Ramdev has announced that he has no plans for a Patanjali initial public offering this year but could take a decision on the matter by the end of the current 2022 financial year.

BigBasket plans to launch express online delivery, as fast as one hour in some areas, as the business expands its omni-channel services following its recent investment from Tata Digital.

​In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant. 

​Etro is looking to future-proof its business and has revealed a “strategic partnership” with L Catterton Europe that it said will be the “start of a new phase of growth”

Clothing brand Naushad Ali has reopened its flagship store in Pondicherry in line with relaxing retail restrictions and has launched a range of new product categories in the store including bags and fragrances.

As the second wave of Covid-19 continues in India, local authorities in Noida and Ghaziabad are witnessing large crowds at local markets despite this violating local regulations. 

Couturier Manish Malhotra has joined forces with whisky brand Blenders Pride and stepped into packaging design to create a limited-edition box design to celebrate his 30 years in fashion.

Jaipur-based designer and entrepreneur Nivedita Mathur has launched a womenswear, homeware, and furniture brand ‘Plumarii’ online, featuring hand embroidery and a relaxed aesthetic.

Fashion school the Indian Institute of Fashion and Design has partnered with the Fashion Design Council of India as an institutional member, which will give its students wider connections in the Indian fashion industry. 

Companies around the world must boost sustainability efforts, not just for the planet, but also for their bottom line as consumers globally believe businesses are responsible for a whole host of sustainability issues.

D-Mart’s parent company Avenue Supermarkets Limited saw its standalone revenue from operations increase by 31.27% in the first quarter of the 2022 financial year. 

H&M Group is on the recovery trail with Q2 profit that was better than expected and Q3 having started well as its stores globally bounce back and online remains strong.

India’s e-commerce market is expected to grow significantly with a strong adoption of online services across the country, which will contribute to it becoming the world’s third largest digital economy by 2030.

E-commerce giant Flipkart has opened its first grocery fulfilment centre in Coimbatore, Tamil Nadu, to meet growing demand for online fast-moving consumer goods in the region.