REPORT LVMH Moët Hennessy Louis Vuitton posted revenue of 16.7 billion euros (18.4 billion dollars) in the first half of 2015, representing an increase of 19 percent. Organic revenue growth was 6 percent compared to the same period in 2014. The group recorded strong growth in Europe and the United States. […]

Reliance Retail, the retail division of Mukesh Ambani-led Reliance Industries, has reported around 19 percent rise in profit before depreciation, interest and taxes (PBDIT) in the first quarter of fiscal 2016. The company has been performing well amid tough competition from ecommerce firms and low consumer […]

Flash fashion website has attracted 50 million dollars or Rs 300 crores in funding, through a fresh round led by US-based investment fund Morgan Creek Capital. The e-tailer also got 10 million dollars from, China's largest flash sale retailer listed on the NYSE, where Morgan […]

The country’s largest online marketplace IndiaMart that provides a platform to connect buyers with suppliers, aims to grow its business by partnering with MSMEs from an estimated Rs 20,000 crores in 2014-15, to Rs 30,000 crores in FY-16. The platform has also signed in actor Irrfan Khan as the company’s […]

REPORT In the second quarter of 2015, Puma’s consolidated sales improved by 7.6 percent currency adjusted to 772.7 million euros (844.8 million dollars). This positive development was primarily driven by the growth in footwear sales across all regions. In reported terms, consolidated sales rose by 18.5 […]

REPORT Reporting its financial results for the second quarter, VF Corporation said that revenues rose 10 percent on a currency neutral basis driven by growth in Outdoor & Action Sports and Jeanswear coalitions, and international and direct-to-consumer businesses. On a reported basis, revenue increased […]

Rocket Internet-backed online fashion platform Jabong's loss before interest, tax, depreciation and amortisation widened to Rs 113.9 crores in the quarter from Rs 69.4 crores a year earlier. Its net revenue grew nearly 36 percent to Rs 199.2 crores along with GMV increasing 54 percent to Rs 355 crores. […]

The NDA government has informed the Parliament that it has no plans to bring in foreign direct investment (FDI) in e-commerce. “No such proposal is under the consideration of the government,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha. "The term 'e-commerce […]

Three popular brands under the umbrella of Madura Fashion and Lifestyle, a unit of Aditya Birla Group company Aditya Birla Nuvo have managed to cross the Rs 1,000 crores revenue mark in terms of consumer price in fiscal 2015. Fiscal 2016 will see two brands from Arvind’s retail unit Arvind Lifestyle […]

TT, announced its Q1 results for the fiscal year 2015-16 where its turnover increased from Rs 152.74 crores in the first quarter of 2014-15 to Rs 187.33 crores. Net profit increased from Rs 0.76 crores to Rs 1.56 crores a rise of 23 percent and 103 percent in top line and profits respectively. Commenting […]

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