Beauty retailer Nykaa and its fashion arm Nykaa Fashion have launched accessories brand Ceriz on its platform March 11, as Ceriz continues to expand across India and Nykaa Fashion increase its brand selection.
Lingerie specialist Wacoal and sportswear group Descente Ltd have partnered up for a business alliance that will extend to design, manufacturing, distribution, in the areas of ‘beauty, health and comfort’.
Japanese intimates giant Wacoal reported a mixed set of results with sales broadly flat but operating profit up, although net profit fell. Yet investors seemed pleased as the shares rose after the announcement.
The ubiquitous athleisure trend is expected to be central to the growth of the global intimate apparel market over the next five years with sports bras becoming a leader among versatile and fashionable innerwear.
Lingerie manufacturer Wacoal is reading its entry into India, as it invests 200 million Indian rupees (around $2.9 million at current currency exchange rates) to open 75 stores over the next five years.