Future Lifestyle Fashions (FLFL) reported a net profit of Rs 6.14 crore for the fourth quarter ended March 31, 2015, helped by lower expenses. The company had posted a net loss of Rs 186.66 crores in the same quarter last year. Net sales during January - March period stood at Rs 782.95 crores, up 11.72 […]

Levi Strauss & Co. has decided to unveil new products in India, simultaneously with their launch globally. The company is focusing on its denim portfolio to grow its business in the country. The company is looking forward to increase its same-store sales by more than 10 percent this fiscal year, ending […]

Reliance Brands, an arm of Reliance Industries has signed a long-term franchise agreement with 130-year-old Dutch lingerie maker Hunkemöller International, which will enter India by March next year. The company aims to launch 20 Hunkemöller single-brand stores in India in the first five-years. Lingerie […]

NDTV Ethnic Retail, which operates NDTV group's e-commerce venture IndianRoots.com has got five million dollars (over Rs 31 crores) in funding from KJS group at valuation of 85 million dollars (Rs 540 crores) for the vertical. The company will utilize funds to build its logistics, marketing and delivery […]

Bollywood actor Akshay Kumar and businessman Raj Kundra-promoted home shopping channel Best Deals TV aims to raise Rs 100 crores through second round of funding. The channel, launched in March this year has already raised Rs 30 crores in the first round when the promoters divested 15 percent stake to […]

As Narendra Modi-led NDA government decides on allowing 51 percent FDI in multi brand retail, the Confederation of All India Traders (CAIT) has appealed to the government to stick to its election manifesto. The BJP in its election promise had expressed its opposition to the foreign investment policy. […]

The Delhi High Court has directed the government to consider a plea by the Retailers Association of India (RAI), before taking a call on foreign investment in ecommerce and physical retail. According to the association, the rules of FDI must be same for both. The order has the potential to reopen policy […]

Dutch lingerie maker Hunkemöller International BV is coming to India, for the first time in its 130-year history. The company has signed a long-term franchise agreement with Reliance Brands, an arm of Navi Mumbai-based Reliance Industries, on May 19. Starting from January 2016, Reliance Brands will […]

REPORT Mothercare’s worldwide sales were up 1 percent at 1,203million pounds (1,868.8 million dollars) for the 52-week period to 28 March 2015. Total international sales went up 2.2 percent but total UK sales were down 0.9 percent. Group sales, which reflect total UK sales and reported revenues from […]

REPORT Marks & Spencer (M&S) for the full year ended March 28, 2015 said that the group sales went up 0.4 percent to 10.3 billion pounds with underlying profit before tax improving 6.1 percent. But analysts earlier expectations regarding general merchandise sales, which includes fashion missed their […]

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