Tata Sons, the promoter of major operating companies under the Tata group has decided to acquire 2.18 percent stake in Titan Company at an estimated price of over Rs 680 crores taking its total holding to 19.59 percent. Tata Sons will acquire 2.18 percent stake from Tata Steel as a part of restructuring […]

Launched in 2004, Boom Jeans is known for its wide range of jeggings and leggings. “These are our USP and jeggings and leggings contribute most of our business. You will not find a retailer in Mumbai, who would not have our jeggings. Such is the prominence we have in this category,” says Rajesh Gala, […]

Bombay Dyeing and Manufacturing reported a marginal decline in its standalone net loss at Rs 53.37 crores for the first quarter ended June 30, 2015. The company had posted a net loss of Rs 53.63 crore in the same period of previous fiscal, it said in a filing to BSE. Total income from operations, on […]

After several online and offline players in the kids’ wear category were forced to exit, global PE firm Bain Capital sued EY (Ernst & Young) in the US court against their investment advice in domestic kids’ wear chain Lilliput. PE investors have been skeptical about the kids’ brands and retailer. However, […]

Arvind Textiles registered a 36 percent decline in net profit to Rs 58 crores for the quarter ending June 30. Net sales at the company’s retail and brands business, which accounts for 28 percent of the company’s turnover increased 14 percent to Rs 527.96 crores from Rs 462.87 crores. Losses at the retail […]

The Vietnamese government, more specific its ministry of labor, war invalids and social affairs, kicked off a campaign last week in Ho Chi Minh City to carry out major inspections of garment factories, to be completed by October. The nationwide inspections will cover 150 garment factories in 12 cities […]

REPORT The consolidated net revenues of the Prada Group for the six months ended July 31, 2015 amounted to 1,823 million euros (1,999 million dollars), with a 4 percent increase compared to the corresponding period in 2014, because of the positive performance of retail channel which more than compensated […]

Footwear major Bata India, which has reportedly been facing tough competition from physical as well as online footwear players, managed to report a 55.2 percent rise in net profit at Rs 92.2 crores for the first quarter ended June 30. The company had posted a net profit of Rs 59.4 crores during the […]

Jasper Infotech, which owns and operates the leading online marketplace Snapdeal.com, has got a fresh funding of around 500 million dollars (over Rs 3,200 crores), in a new round led by Chinese e-commerce giant Alibaba Group, Taiwanese electronics manufacturer Foxconn, along with existing investor, […]

REPORT Michael Kors Holdings revenue for the first quarter ended June 27, 2015 increased 7.3 percent to 986 million dollars from 919.2 million dollars in the first quarter of fiscal 2015. On a constant currency basis, total revenue increased 13.4 percent. Retail net sales increased 9 percent to 523.3 […]

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