Despite the euphoria around e-commerce in India, only 39 million people which is a small fraction of India’s 1.2-billion population, actually shop online, says a recent study by global management consultancy firm A T Kearney. India's e-commerce market grew 27 percent in 2014 to 3.8 billion dollars (over […]

While Alibaba’s fund deal may have fallen apart, ecommerce marketplace Snapdeal is set to announce an initial public offering (IPO) in the US at a valuation of 5-6 billion dollars (over Rs 31,000 to Rs 37,000 crores). Sources claim that the company has appointed merchant bankers for the probable listing […]

The Future Group has decided to pump in over Rs 500 crores in 2015-16 to grow retail network. The company aims to open 20 stores of Big Bazaar, six to seven stores of Central and 10 Brand Factory stores, while increasing the store count of its convenience format chains such as Big Apple, KB’s and Nilgiris […]

REPORT LVMH Moët Hennessy Louis Vuitton, recorded a 16 percent increase in first quarter 2015 revenue to 8.3 billion euros (8.7 billion dollars). Organic revenue growth was 3 percent compared to the same period in 2014. The Group witnessed positive momentum in Europe and the United States. The fashion […]

Blackberrys, the brand synonymous to sharp menswear is manufactured and retailed under Mohan Clothing. Having traversed a long journey, the brand is well established and now retailed across India through over 1,000 MBOs, large format stores and EBOs. Elaborating on the journey so far, Nikhil Mohan, […]

Leading Indian fashion portal Jabong is now a part of a new holding firm called Global Fashion Group (GFG), along with four other online fashion startups backed by tech incubator cum investor Rocket Internet and Swedish investment firm Investment AB Kinnevik. The group has roped in Romain Voog, former […]

Marketplace model ShopClues.com has recorded gross merchandise value (GMV) run-rate of 400 million dollars (around Rs 2,500 crores) last month and now the company plans to aggressively increase it in a year. The company had ended FY14 with GMV of Rs 350 crores and its actual net revenue was around Rs […]

Leading Indian marketplace, Snapdeal.com is looking at triple clothing sales on its platform, over the next 12 months, against value of garments sold in the previous year. It expects to do this driven by heavy discounts, rise in m-commerce and rising number of customers shopping online. The company […]

Gurgaon-based Relevant e-solutions, owner of Roposo.com, a fashion-focused social network, has raised Series A investment. It’s led by the technology venture investor Tiger Global. Previous investors, Indian Quotient and Binny Bansal, Co-founder and COO - Flipkart.com also participated in this round. […]

Leading textile and apparel company Raymond is set to acquire Robot Systems, a wholly-owned subsidiary of Gokaldas Exports, for an undisclosed amount. Silver Spark Apparel, a unit of Raymond, has entered into a share purchase agreement with Gokaldas Exports, Robot Systems and Gautam Chakravarti for […]

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