In its unaudited results for the quarter ending September 2014, V-Mart Retail the retail chain has said it plans to open 25 stores in FY’15. It maybe noted that V-Mart had opened 23 stores in FY’14. Meanwhile, the company reported a growth in sales of 18 percent on year-on-year basis in […]

Reliance Industries (RIL) and China-based Shandong Ruyi Science and Technology Group (Ruyi) have entered into a definitive agreement for setting up a joint venture (JV) in textiles. As per the agreements, RIL will transfer its existing textile business into a newly incorporated joint venture company, […]

With audiences’ interest in cricket diminishing because of various scams exposed during the IPL season and the ICC Cricket World Cup 2015 being held outside India, the knitwear industry from Ludhiana and Tirupur are expecting over 50 percent decline in orders for cricket apparel merchandise against […]

REPORT_ In the first nine months of FY2014 from February 1 to October 31, 2014, Inditex’s revenues increased 7 percent to 12.7 billion euros (15.8 billion dollars). In constant currency terms, sales growth was 10.5 percent, while like-for-like sales growth during the period was strong. EBITDA […]

PE investors like Kalaari Capital, Accel Partners, who remained invested in e-commerce platforms such as Snapdeal, Flipkart, are already raking in profits. The buzz is that Bangalore-based venture fund Kalaari may execute a secondary sale of shares worth 100 million dollars (over Rs 610 crores) in Delhi-based […]

Big names from India’s apparel retail industry like Aditya Birla Retail, Bharti Retail, Reliance Retail to Future Group are focusing on high margin private labels at their stores, which are making an adverse impact on the sales of popular brands. Not only offline retailers but online fashion portals […]

Though Zodiac Clothing Company’s reports low profit and income from operations in the September quarter, compared to the same quarter in 2013, Anees Y Noorani, VC & MD of the company is optimistic about the growth by focusing on branded business. Apart from investing in its own retail business, […]

Leading fashion e-retailer Myntra, now a part of Flipkart, is looking at adding more private labels to increase margins. Fashion is considered high margin business offline, as well as online, and e-commerce companies along with brick and mortar firms are increasing fashion merchandise offered by them. […]

Future Lifestyle Fashions, part of the Kishore Biyani-led Future group increased its stake in clothing brand 'Mineral' to 37 percent for an undisclosed sum. “The company has made further investment in Mineral Fashions, a designer label from Priyadarshini Rao to increase its total stake from 22.70 […]

Madura Fashion & Lifestyle, a part of Aditya Birla Group plans to establish a greenfield garment manufacturing unit in Odisha. It has finalized six to eight acres of developed land in Mancheswar industrial area in the city along with other incentive and concessions for developing the facility. The largest […]

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