India news and archive

Reliance Retail names Jeyandran Venugopal as president & CEO

Reliance Retail Ventures Ltd (RRVL), the holding company for India's foremost retailer, Reliance Retail, has announced the appointment of Jeyandran Venugopal as its new president & CEO. Venugopal, a former Flipkart executive, brings 25 years of extensive global experience in retail, e-commerce, technology, and business transformation. His...

People

Bestseller India appoints Manika Mittal to lead Vero Moda

Bestseller India has appointed Manika Mittal as the new business head for its Vero Moda brand in India, signaling a strategic reinforcement of the brand's leadership amidst an accelerated expansion phase. The company announced the appointment via its official LinkedIn handle, stating: "A new chapter begins at VERO MODA as we welcome Manika...

Retail

Desigual returns to India via Myntra partnership

Madrid – Desigual is making another attempt to penetrate the Indian market. The company, founded by Thomas Meyer, has resumed operations there through a new partnership with the Indian e-commerce platform and marketplace, Myntra. Under this agreement, the Spanish fashion multinational will once again begin selling its products in the country via...

Retail

The Bear House initiates global expansion strategy with Dubai store opening

The Bear House, one of India’s vibrant and design-forward menswear brands, has entered the international retail arena with the opening of its first overseas store at Dubai’s Al Ghurair Centre. The 1,100 sq. ft. location marks a major milestone for the Bengaluru-based label, founded in 2017 by Tanvi and Harsh Somaiya, as it takes its clean,...

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Retail

A look inside Galeries Lafayette's first department store in India

The opening of this first Galeries Lafayette in India, developed as a franchise with Aditya Birla Fashion & Retail (ABFRL), a subsidiary of the global conglomerate Aditya Birla Group, was announced in October 2025. It is part of the Galeries Lafayette group's desire to establish itself as a leading destination to promote the French 'Art de...

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Business

Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store on Sunday: a sprawling five-floor outlet in Mumbai, the country's financial capital. Its splashy foray...

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Business

V2 Retail records significant turnaround in Q2 FY26

V2 Retail, a leading value fashion retailer, delivered a robust performance in the second quarter of fiscal Year 2026, triggering a surge in its share price. The company reported a consolidated revenue of 708.6 crore, an impressive 86 percent year-over-year increase from the previous year, demonstrating strong customer demand for its...

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Business

Indian textile sector achieves 8.49 billion dollars in exports, up 10 percent

India’s textile exports to 111 countries posted a 10 percent year-on-year increase in the April–September period, reflecting the sector’s resilience despite global economic headwinds and tariff-related challenges in key markets, the Ministry of Textiles said on Wednesday. These markets together contributed 8.49 billion dollars in the first half...

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Business

Inditex ups stake in Indian joint venture for Zara

Spanish fashion giant Inditex is reportedly looking to increase its stake in its Zara joint venture with Indian group Trent Limited. According to sources for Spanish media outlet Modaes, the group is set to hold a larger majority of the capital of Inditex Trent Retail India Private Limited (ITRIPL), increasing its control from its current 65...

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Business

Despite profit growth, Trent Limited stock drops on underlying sales weakness

Trent Ltd., the fashion and lifestyle retailer from the Tata Group, saw its stock price drop over 6 percent on Monday—hitting a 16-month low—as analysts reacted to underlying softness in key sales metrics for the second quarter of fiscal year 2026. Despite reporting a strong 11.3 percent rise in consolidated net profit to 376.86 crore on a 15.9...

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Business

RSWM reports resilient Q2, returns to profit

RSWM Ltd., a prominent manufacturer of yarns and fabrics in India, reported a resilient performance in the second quarter of fiscal Year 2026, achieving a total revenue of 1,150 crore rupees despite a muted market environment. The quarter marked a definitive financial turnaround, with EBITDA soaring 85.6 percent year-over-year to 79 crore,...

Retail

Metro Brands introduces MetroActiv, featuring global athletic brands

Metro Brands Limited, India's leading footwear retailer, has launched MetroActiv, a multi-brand retail destination marking its most ambitious venture yet into the athletic footwear and sports performance category. Building on the success of introducing lifestyle brands like Foot Locker and Fila, the new concept is designed to inspire active...