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.
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.
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.
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.
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.