StyleCracker, a Mumbai-based fashion styling platform that offers personalised fashion experience to users, has got one million dollars (around Rs six crore) funding from four high net worth individuals in its first round of funding. The company aims to utilise the money to strengthen its technology […]

After getting a funding boost of 500 million dollars (over Rs 3,300 crores), Snapdeal Chief Executive Kunal Bahl is certain that his company would grab the top spot sales overpowering Flipkart, by March 2016. The company claimed that it achieved 4 billion dollars (about Rs 26,000 crores) in total value […]

Three years after the disastrous blaze at Tazreen Fashions that claimed the lives of 112 garment workers, a Bangladesh court on Thursday finally charged more than a dozen people with homicide. Among those accussed are the two factory owners Delwar Hossain and his wife Mahmuda Akte as well as eleven […]

REPORT Gap said that net sales for the four-week period ended August 29, 2015 decreased 3 percent to 1.20 billion dollars compared with net sales of 1.23 billion dollars for the four-week period ended August 30, 2014. On a constant currency basis, August 2015 net sales were flat compared with last year. […]

Textiles-to-telecom conglomerate Aditya Birla Group’s consolidated revenue has crossed Rs 2.5 lakh crores mark with a growth of 9 percent in the latest fiscal. Group Chief Kumar Mangalam Birla said in his annual letter to the shareholders of Aditya Birla Nuvo. Global operations accounted for more than […]

Rocket Internet-backed, leading Indian online fashion firm Jabong was the worst performer in the first quarter compared to Southeast Asian lifestyle e-commerce firm Lazada and Latin American e-commerce marketplace Linio. Last year, in the same quarter Lazada reported the biggest EBITDA loss margin with […]

During a meeting last Wednesday in Dhaka between US ambassador to Bangladesh Marcia Stephens Bloom Bernicat and the Bangladeshi prime minister Sheikh Hasina, the US envoy reaffirmed her country's commitment in terms of helping improve Bangladesh's ready-made garment (RMG) sector. "We are committed to […]

Competition Commission of India (CCI) has cleared the proposed Rs 750 crores multi-tier merger deal between Future Group and Bharti Retail, announced in May this year. Future Group promoters would hold 46-47 percent stake each of the two new entities and the rest would be with public shareholders. Under […]

REPORT The consolidated turnover for the first semester reached 2, 299 million euros (2,593 million dollars), an increase of 21percent at current exchange rates. Excluding consideration of the positive currency impact, the growth amounts to 9 percent. The operating income was up 20 percent and amounted […]

Snapdeal may have bagged a funding of 500 million dollars (over Rs 3,200 crores) at a valuation of 4-4.5 billion dollars (over Rs 26,000-29,300 crores), but its annual losses escalated five times from Rs 270 crores in March 2014 to around Rs 1,350 crores in March 2015. The main reason behind this is […]

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