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.
Small and medium business-to-customer shopping fairs have been restarting over the past month as local lockdowns lifted across India, but the continued second wave of the virus has seen numerous events cancelled again.
Fast Retailing has cut its annual profit outlook as extra Covid restrictions in Japan and elsewhere dented footfall. But its nine-month and Q3 performances were broadly strong and Theory improved in the latest quarter.
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.
Let’s Dress Up (LDU) has raised $300,000 (Rs 2 crore) in a pre-Series A round from Titan Capital and other marquee investors like Sequoia Capital, Lykke Capital, Hauz Khas Ventures, and serial investor Sweta Rau.