Michael Kors parent Capri Holdings Ltd on Friday raised its annual forecasts for the second time after trouncing Wall Street estimates for quarterly results, as shoppers splurge on its high-end clothes and bags.

​Raymond Ltd managed to narrow its net loss to Rs 157 crore ($21.2 million) for the quarter ended June 2021, as against a net loss of Rs 248 crore it had reported in the year-ago period.

Shoppers Stop Ltd reported a net loss of Rs 105 crore ($14.2 million) for the first quarter ended June 2021, as against a net loss of Rs 120 crore it reported in the year-ago period.

German sportswear company Puma said on Thursday it remained concerned about the strain the coronavirus pandemic is putting on its supply chain, but reiterated its mid-term outlook remained positive.

​Norlanka Brands, the retail arm of the PDS Multinational Group, has acquired a majority stake in British kids wear brand, Lilly + Sid, and plans to launch the brand in India this month.

Australia, a country known for punching above its weight in sport, literature, cinema, media, wine and the pursuit of happiness, has tended to underperform when it comes to fashion. One major exception is Zimmermann. 

India’s leading organisation in hosiery and knitwear segments Dollar Industries managed to strike the right balance between employees’ safety and efficiency, according to managing director Vinod Kumar Gupta.

AZ Factory, the fledgling fashion house founded by Alber Elbaz, will stage a special homage show to the late designer that will close out this autumn’s Paris Fashion Week on Wednesday evening, October 5.

Spanish fashion brand Mango shared on Monday a revised forecast for the year, with profits now expected to exceed 2019 results.

​SMCP’s CEO hailed its “strong momentum” globally and its “solid progress” on its One Journey strategic plan on Tuesday as he reported the premium fashion retail giant’s Q2 sales figures.

Uncertainties arising out of the pandemic still persist despite expectations of domestic market coming back to form as the second wave of Covid-19 recedes, according to Arvind Ltd chairman Sanjay Lalbhai.

Raymond Ltd has strengthened its board by inducting S L Pokharna, president group commercial and supply chain, as a non-executive director with effect from July 23, 2021.

​Japanese apparel retailer Uniqlo plans to strengthen its presence in India with the launch of its official online store exclusively for the Indian market. 

Sales at Giorgio Armani jumped 34% in the first half of 2021 as business in China and the United States helped the Italian fashion group bounce back.

Menswear brand Jack & Jones has opened a new concept store measuring over 1,855 square feet in Surat, its first brick-and-mortar outlet in the city.

On Friday, the High Court heard a plea seeking the ban the re-entry of Chinese fast-fashion brand Shein into India with Amazon. The court adjourned the matter to a hearing set for August 20.