Lovable news and archive

Lovable bets big on lingerie segment’s prospects

Lovable is among the premium segment innerwear brands in India. For summer, the brand launched mass premium products, for department stores, and created high-end and fashionable lines. “We also do classic products that can be sold on a mass scale. Lovable has 70 percent classics and modern classics and 30 percent high fashion. We do major...

Fashion

Lovable to open EBOs starting with Mumbai and Delhi

Popular among women for its premium lingerie range, Lovable enjoys a market share of around 20 percent in India. The brand is growing at 25 percent a year and over the next three years it plans to push the growth rate up to 35 percent. In February, this year private equity arm, Nalanda Capitalincreased its stake in Lovable from the earlier 5.06...

Fashion

Lovable to introduce high-end foreign lingerie label in India

Leading innerwear brand Lovable may be cautious about the future owing to economic uncertainty. However, it’s planning to expand its product mix to boost growth. “The category is growing and we are planning to increase our product capacity to 3,000 pieces by the end of next year from current 600 to 700 pieces a day,” says Ashok Reddy, Director,...

Apparel

Nalanda Capital acquires stake in Lovable Lingerie

Singapore-based private equity firm Nalanda Capital has picked up more than five percent or about Rs 23-25 crores worth stake in Mumbai-based Lovable Lingerie. Nalanda picked up stake in the women’s innerwear manufacturer over the past two quarters. This deal got through, while the company is already holding its five-year-old investment in Page...

Apparel

Lovable Lingerie net profit up by 7.39%

Lovable Lingerie announced its financial results for the period ended June 30, 2012. The company has posted net profit of Rs 75.194 million for the quarter ended June 30, 2012 as compared to Rs 70.022 million for the quarter ended June 30, 2011, representing an increase of 7.39 per cent. Total income was at Rs 527.610 million for the quarter...

Fashion

BRIC nations to lead global lingerie industry

There is no doubt that despite the global lingerie industry struggling hard to clock in positive growth figures, recession has not allowed it to improve its standing much. And this has been confirmed by a recent study, which indicates that the lingerie market recorded a meager 0.4 per cent growth in the previous year and 0.7 per cent in the last...

Apparel

Sunil Shukla quits Lovable Lingerie

Sunil Shukla, Chief Financial Officer (CFO) and Compliance Officer at Lovable Lingerie has quit. Vinay Reddy, Chairman and Managing Director will now handle his portfolio and head the finance and accounts department until company finds a replacement. Megha Maheshwari, Company Secretary at Lovable would work as Compliance Officer in place of...

Fashion

Lovable Lingerie launches IPO to scale up operations

Mumbai-based Lovable Lingerie, a leading international women’s innerwear brand, has entered the Indian capital market with an initial public offer (IPO). The company has launched an IPO of 45,50,000 equity shares at a face value of Rs 10 each for cash at a price band fixed of Rs 195 and Rs 205 per equity share. The closing date is March 10,...