Asian markets were quite active Wednesday, with Uniqlo-owner Fast Retailing Co Ltd saying it is strengthening oversight of its garment and textile suppliers, after problems with working conditions were recently found at two suppliers in China. Besides the Japanese apparel retailer said it would start […]

Tata Group company Titan, which already enjoys strong presence in jewellery business, is said to be finalizing an investment of about 30 million dollars (over Rs 186 crores) in popular jewellery portal Caratlane.com. Sources suggest that the deal would fetch valuation of Rs 1,200 crores to Caratlane. […]

European stocks dropped sharply on Tuesday, weighed by growing concerns over Greece as talks with its euro zone partners broke down on Monday after Athens rejected a proposal to extend its bailout, reported ‘NASDAQ’. It is worth to remember that markets in the Old Continent were nervous as Greece's […]

Leading online marketplace Snapdeal.com is said to be eyeing acquisition of Exclusively.in to gain a strong foothold in the high margin fashion space. Competition among Flipkart-Myntra duo, Amazon and Snapdeal as well as Jabong is heating up and each one is trying to grow its fashion portfolio. Exclusively.in […]

Leading e-marketplace Snapdeal, which raised funds from Japan’s SoftBank, plans to raise more funds to aggressively pursue its growth plans. Sources say that the e-retailer is aiming for a funding boost of around 400 million dollars (Rs 2,500 crores) at a valuation of 5 billion dollars (above Rs 31,000 […]

Cantabil Retail India has reported a standalone total income from operations at Rs 40.08 crores and a net profit of Rs 1.41 crore for the quarter ended December 2014. Other income for the quarter was Rs 0.35 crore. For the quarter ended December 2013 the standalone total income from operations was Rs […]

Safexpress, India’s largest supply chain & logistics firm servicing the apparel, fashion and textile industry in a big way, has inaugurated new ultra-modern warehousing facility at Udaipur. Spanning over an area of 4,500 square feet, this logistics park is a part of company’s strategy of developing […]

REPORT In comparison with last year, consolidated sales in the fourth quarter at Puma recovered and rose from 698.3 million euros (797 million dollars) to 750.8 million euros (856.8 million dollars), which represents a currency adjusted increase of 6.3 percent. For the full year, consolidated sales […]

Future Retail, part of the Kishore Biyani led Future Group that operates Big Bazaar and Food Bazaar reported a stand-alone net profit decline of 75.52 percent to Rs 5.32 crore for the fourth quarter ended December 31, 2014. The group has been dealing with the debt issue for quite some time and also […]

Shanghai-based La Chapelle Fashion Co., Ltd (6116.HK), one of the largest fashion apparel companies in China, has announced it has entered an equity transfer agreement and a capital injection agreement with the ever-expanding online fashion retailer Hangzhou Anshe E-Commerce Company Limited, better […]

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