Madura news and archive

ABFRL posts Rs 70 crore profit in Q3

Aditya Birla Fashion & Retail posted 100 per cent growth in net profit to Rs 70 crore for the third quarter of the financial year 2018-19, ending December 31, 2019. The company had posted a net profit of Rs 35 crore during the corresponding period last year. Aditya Birla Fashion & Retail will see its lifestyle brands continue their growth...

Retail

Madura is keen to run Forever 21 retail stores in India

American fast fashion brand Forever 21 is looking at an aggressive role in India and it is believed that Madura Fashion & Lifestyle has emerged as a strong contender to get the India rights for running the physical stores. For the past three years, Forever 21 has had a partnership with DLF Brands. Even online fashion portal Myntra is in talks...

Fashion

Madura apologises to KVIC for using Khadi trade name

Madura Fashion and Lifestyle has apologised to Khadi and Village Industries Commission (KVIC) for using its trade name ‘Khadi’ without permission to promote a new range of apparel under its brand Peter England. The Aditya Birla Group’s company has since removed the word ‘Khadi’ from all its promotions. Madura acknowledged the national importance...

Retail

Trendin to launch mobile app to tap smartphone users

Trendin.com, the online venture of Aditya Birla Group-owned Madura Garments, is working with start-ups specialising in analytics to launch a smartphone app. The move comes at a time when leading fashion portal Myntra shut its portal to become app-only format. Madura Fashion and Lifestyle owns and sells apparel under labels such as Louis...

Retail

Oxford to ink franchising deal with Madura Garments

The University of Oxford is said to be in talks with Madura Garments to ink a franchising deal to sell its apparels in India. Oxford, a wholly owned arm of the British university runs a successful branded merchandise business across theworld. The company plans to retail categories like fashion apparel, accessories, education-related products...

Apparel

Allen Solly to introduce ‘Color Lab’ in more stores

Allen Solly, the well known clothing brand from the Madura Fashion and Lifestyle is targeting Rs 650 crores revenue this fiscal. It’s witnessing high demand and strong growth in business with innovative activities like the just introduced ‘Colour Lab’. The Colour Lab innovation, started especially to attract young consumers, will be available at...

Apparel

Planet Fashion plans aggressive retail expansion

Planet Fashion, a retail initiative of Madura Fashion & Lifestyle, is expecting 20 percent growth in revenue during the current fiscal to Rs 361 crores. Planet Fashion’s COO- International Business & Trade Sales Shoaib Farooqi says: "We expect our revenue to grow by 20 percent to Rs 361 crores during the current fiscal... last year our revenue...

Apparel

Madura plans more ‘The Collective’ stores

Madura Fashion and Lifestyle is looking at doubling the number of its multi-brand premium retail stores ‘The Collective’ in the next 12-18 months, signalling an improvement in prospects. The company, which operates seven stores in Delhi, Chandigarh, Mumbai and Bangalore, will invest close to Rs 50-60 crores in adding another seven. It now plans...

Apparel

Madura to launch 50 Van Heusen stores next fiscal

Aditya Birla Group firm Madura Fashion & Lifestyle has announced its retail expansion plans for leading apparel brand Van Heusen. The company plans to open 50 new stores by the end of next fiscal. The brand, which is looking for a jump of 16-18 per cent in sales turnover in 2013-14, is also planning to expand reach in the Northeast by doubling...

Apparel

Madura F&L receives retail recognition

Madura Fashion and Lifestyle (Madura F&L) has won a series of accolades at the recent Star Retailer Awards, organised by Franchise India. It’s the only award-of-its-kind for the retail industry. Madura F&L was presented with the ‘Fashion Retailer of the Year’ award. Ashish Dikshit, CEO, Madura F&L and the driving force behind Madura F&L, was...

Apparel

Van Heusen unveils X-Lifestyle brand collection

Madura Fashion & Lifestyle has unveiled a range of fashion formals called X-Lifestyle for professionals, under its premium brand Van Heusen. Madura is also looking at attaining a Rs 1,000 crores brand tag in the next three to four years and launch of X-Lifestyle is a step towards it. X-Lifestyle by Van Heusen breaks decades-old conventions of...

Apparel

Madura inks retail JV with Hackett London

In a bid to scale up its high-margin luxury business, Madura Fashion and Lifestyle has inked a JV with British luxury menswear and accessories brand Hackett London. Through this agreement, Madura will initially open three stores in Delhi, Bangalore and Chandigarh. Madura Garments is a unit of Aditya Birla Nuvo. A leading Indian apparel and...