Textiles business Arvind Limited reported that its consolidated net profits dropped by 11.62% year-on-year in the third quarter of the 2023 financial year. The business’ revenue from operations was also down.
The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
Ralph Lauren Corporation is taking its sustainability efforts to the next level with the introduction of its first Cradle to Cradle (C2C) certified gold cashmere sweater and cashmere recycling program.
Two influential couture houses concentrated on ball room clothes this season. Though where Elie Saab focused on a royal wedding soirée in Thailand, Viktor & Rolf sent their cast to a contemporary surrealist ball.
The Italian luxury group reached 1.49 billion euros in 2022 with an increase of 15.5%, but it sees its progress slowing down in particular in the fourth quarter (-0.5%) penalized by the anti-Covid policy in China.
Multi-brand fashion and lifestyle retailer Shoppers Stop saw its consolidated revenue from operations increase to Rs 1,137.07 crore in the third quarter of the 2023 financial year but net profit was down by 18.86%.