
Spencer’s Retail reported a net loss of Rs 42.47 crore in the fourth quarter of the 2022 financial year. Both the business’ revenue and expenses were also down year-on-year.
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Spencer’s Retail reported a net loss of Rs 42.47 crore in the fourth quarter of the 2022 financial year. Both the business’ revenue and expenses were also down year-on-year.
Artist and activist Kalki Subramaniam has created a capsule line of sarees featuring her artwork and will officially launch the collection at an event in Chennai this June as part of Pride Month celebrations.
Sales for the Italian luxury group, recently listed on NYSE, increased by over 25% to €377.6 million in Q1 2022, driven by a stellar performance on the US market, where sales grew by 85%.
V2 Retail aims to tap into its customers’ growing demand for e-commerce by expanding its presence online and is confident that this Eid festive season will yield strong sales following the challenges of Covid-19.
Textiles and paper business Century Textiles saw a return to profitability in the recent March quarter with 45% year-on-year revenue growth after reporting a loss during the same time period a year ago.
Defence start-up Aroo has developed the first-ever Indian-made ‘Extreme Cold Weather Clothing System’ for the Indian Army and, following testing, is manufacturing the clothing in Bengaluru.
Athleticwear maker Lululemon announced on Tuesday the appointment of Phil Dickinson as senior vice president, global creative director and Simon Atkins as senior vice president of footwear.
Two big names in luxury announced a “strategic partnership” on Tuesday that has both a US-specific and global angle. Farfetch and Neiman Marcus Group are linking up “to revolutionize integrated luxury retail”.
Apparel and textiles major Raymond Ltd is reportedly in talks with Denmark-based retail group Bestseller for the sale of its apparel retailing brands of Colorplus and Park Avenue.
Jewellery brands Sangeeta Boochra and Nimai have joined forces to open a joint flagship store in Mumbai and plan to take the collaborative concept to more Indian cities.