Luxxuberance, multi-brand handbags and luxury accessories store from Brandzstorm India, is looking to expand its retail presence across India and will be opening 40 standalone outlets over the next three years.
Superdry co-founder Julian Dunkerton needed 50% shareholder support to get back onto the struggling retailer's board and he has won his battle, getting 51.15% of the votes. The exec team has quit and he's now CEO.
Superdry aims to open around 50 brick-and-mortar retail outlets in India in the coming three years for its Superdry and Superdry Sports brands and will also launch categories such as fragrance and personal care.
Superdry may be under pressure at the moment from its unhappy co-founder, and it may have had a tough time in the summer, but its trading update on Thursday painted a picture of a company in reasonably good health.
Superdry had big news Wednesday with a new fashion fashion initiative to reach the Asos generation and a big new hire, the company having lured Tommy Hilfiger's former global head of womenswear to its brand.