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Apparel

Aigner, Genesis part ways

Aigner, the German luxury brand, and Genesis Luxury, the up-market retailing arm of Genesis Colors, have ended their tie-up in India as their plans did not go as expected. In 2007, Genesis and Aigner had agreed to import and distribute merchandise, however, the partnership ended last month. Genesis Luxury, which ran the Aigner stores in Mumbai...

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Apparel

Burberry’s big India plans

Burberry, the 153 year old UK-based luxury brand, best-known for its signature trench coats, has announced setting up a joint venture with Indian fashion retailer, Genesis Colors to expand its presence in India. The luxury apparel major plans to invest around Rs 16.5 crore for a 51 per cent stake in the venture. They are awaiting FIPB clearance...

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