FASHION AND LIFESTYLE BRANDS
No separation, Meghan Markle set for big splash in 2025; here's what the Duchess of Sussex's plans are
Suits star Meghan Markle, who took a big break after being a part of the Royal family, may finally return to the Hollywood scene after a major sabbatical. She will also be lunching her fashion brand in 2025, as per reports. What more does the Duchess of Sussex have in store for us?
While celebrity-branded products are raking it in globally, why are big bucks evading brands of Indian stars?
Global celebrity brands like Fenty Beauty and Air Jordan shoes have been very successful in India. However, Indian celebrity brands often fail to make a mark. This is due to factors such as misaligned positioning, poor quality, and high pricing. Some Indian brands like Kay Beauty and Ed-a-Mamma have seen success through clear synergies and strategic partnerships.
Are they getting ready for re-rating as a group? 6 companies from the Aditya Birla stable
In the last few years, the overall re-rating in the Indian markets has largely been sector-based. But there has been a re-rating based on ownership as well. The Tata Group is a prime example. A number of Mahindra Group companies have also been re-rated. In the context of the Tata Group, let¡¯s see what this means for shareholders. Till a few years back, despite being listed for decades, the overall returns on Tata Group stocks ¨C barring one or two companies ¨C were not very high. But, under new leadership, the house was ¡°put in order¡±. The result: In the last five years, most group stocks have made up for their past underperformance ¨C and market capitalization has gone up multiple times.Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
What is Donald Trump's net worth? Here's how the Trump family spend their money
According to recent reports, the net worth of US President- elect Donald Trump is pretty huge and his whole family has their highlighting ways of spending their huge fortune.
Tata Cliq FY24 revenue falls on exiting electronics category, loss narrows
Tata Cliq, rebranded as Tata Cliq Fashion, saw a 42% sales drop in FY24, reaching Rs 247 crore, following its exit from the electronics category. While losses narrowed, the company's revenue decline raises concerns about its future in the competitive e-commerce market. The company is pivoting to a fashion-focused platform and expanding its beauty segment with Tata Cliq Palette.
Reliance Brands' MD Darshan Mehta, key for premium business, likely to step down
Darshan Mehta, Managing Director of Reliance Brands, is stepping down after almost two decades. Mehta will transition into a mentorship role within the Reliance Group, guiding future leaders and exploring new business ventures. A team of senior executives will manage Reliance Brands until a successor is appointed.
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General Atlantic set to leave House of Anita Dongre
Indian fashion design company House of Anita Dongre (HOADPL) is buying back a nearly 40% stake from US private equity firm General Atlantic. This comes after reports of declining revenue and a strategic shift in the company's operations, including store closures and brand shutdowns.
A winter wish to warm up buyers
Indian retailers are preparing for the upcoming winter shopping season despite a slowdown in consumer spending. They are ensuring ample inventory to avoid missing sales opportunities. While demand for winter wear has been unpredictable in recent years, retailers remain optimistic about sales. They are hoping for a strong winter to boost sales of seasonal products.
Reliance Retail's shutting down Centro outlets temporarily
Reliance Retail is temporarily closing its Centro stores across India to revamp the format. The company plans to prioritize its own brands, like Azorte and Yousta, potentially phasing out some of the 450 local and global brands currently sold.
ABFRL Q2 Results: Firm posts net loss of Rs 215 crore
Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter due to higher depreciation and interest costs. Despite this, the company saw revenue growth driven by newer businesses and established brands. ABFRL recently announced the de-merger of its Madura business into a separate listed entity, ABLBL.
Trent Q2 Results: Standalone profit rises 46% to Rs 423 crore
Trent Ltd, a Tata Group company, reported strong financial results for the second quarter of FY25. The company's revenue grew by 39% year-on-year. Net profit also increased by 46.18% during the same period. Trent Ltd expanded its store network, adding 43 new stores in Q2 FY25. The company now operates over 800 large-format fashion stores across 184 cities.
Premiumisation driving festive sales: Amazon
Premiumisation is driving festive e-commerce sales in India, with Amazon reporting significant growth in categories like jewellery, beauty, ethnic wear, and watches. While premium segments grow, Amazon also sees rising sales in affordable fashion. Speed, selection, and value remain key competitive factors.
Rare Rabbit posts 69% jump in FY24 revenue to Rs 637 crore
Bengaluru-based Radhamani Textiles, which owns men¡¯s fashion brand Rare Rabbit and women¡¯s brand Rareism, closed FY24 with Rs 637 crore in operating revenue ¨C a year-on-year jump of 69%.
Fashion and lifestyle brand Zouk raises $10 million in round led by Aavishkaar Capital
Existing investors Stellaris Venture Partners, Titan Capital Winners Fund, Sharrp Ventures and the JJ Family also participated. The D2C player will use the funds to expand the network of exclusive outlets, bolster marketing and supply chain capabilities, and hire talent. The company has raised a total of $14.5 million to date.
Reliance Retail expands AZORTE with 12 new stores in India
Reliance Retail's AZORTE has expanded its offline presence by opening 12 new stores in cities like Jaipur, Udaipur, and Bangalore, highlighting its commitment to reaching new markets and customers.
Fabulous Lives Of Bollywood Wives: Who is Riddhima Kapoor's husband, Ranbir's brother-in-law Bharat Sahni?
Sahni serves as both the owner and managing director of WearWell, a company specializing in garment production and exports. As noted on the company¡¯s website, WearWell brings in an annual revenue of $30 million, which is approximately ?252 crore.
Mothercare, RIL co ink deal to strengthen South Asia presence
Mothercare and Reliance Brands Holding UK have formed a joint venture to manage the Mothercare brand in India, Nepal, Sri Lanka, Bhutan, and Bangladesh. Reliance Brands will acquire a 51% stake in the new entity, with Mothercare holding 49%. This agreement strengthens Mothercare's operations in South Asia.
How the bottom-of-the-pyramid strategy worked out for Zudio
Tata Group's Trent has launched Zudio Beauty in Bengaluru, expanding into affordable beauty products, after the success of Zudio apparel stores. The company plans to open more stores in top cities. Zudio, known for trendy low-priced clothing, has significantly boosted Trent's revenue and is now entering the beauty segment to replicate its previous success.
Can a brand synonymous with sports cars become a fashionable success?
John Elkann, CEO of Exor, emphasized Ferrari's status as a lifestyle brand at a Paris event. Originating in the 1940s, Ferrari now offers high-end fashion lines to broaden its appeal beyond car enthusiasts. Ferrari's latest collections feature unique materials and aim to attract more female clients while showcasing the prancing horse logo.
SpaceMantra pulls out resolution plan for Future Lifestyle
SpaceMantra withdraws its ?490 crore bid for Future Lifestyle Fashions days before winning creditors' vote, citing delays and value erosion. Creditors, including lead lender SBI, face hurdles in recovery as the consortium fails to comply with payment obligations, risking only the ?2 crore deposit.
Sara Tendulkar's haute pursuits: Balancing glamour and 'Sara-Time'
Classic style choices are seamlessly interwoven into fashionista Sara Tendulkar¡¯s life. But the luxury she cherishes is her ¡®Sara-time¡¯
Future Lifestyle lenders approve resolution plan of Space Mantra & Guptas' consortium
Future Lifestyle Fashions Ltd's lenders have approved a resolution plan from a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta. The approval comes as the company undergoes insolvency resolution, with State Bank of India leading the creditors. Details of the plan remain undisclosed, pending an extension order from the National Company Law Tribunal.
Gentlemen's League 2024: A landmark event in men's luxury fashion and lifestyle
The 6th edition of the Gentlemen's League in New Delhi showcased cutting-edge men's fashion and luxury lifestyle experiences.
Gen Z Power: The ¡®swipe-up¡¯ generation is exciting business opportunity for Myntra, CMO says
Myntra's CMO Sunder Balasubramanian highlights the immense business opportunity in targeting Gen Z, who represent over 200 million individuals in urban India, with 60 million already shopping online. Myntra has doubled its Gen Z customer base from 8 million to 16 million in just over a year and aims to add another 20-25 million in the coming years.
Blinkit, Zepto pilot returns, exchanges to ace fashion ecommerce
Quick commerce is spreading its wings to include consumer electronics, lifestyle, and fashion in its scope. The main players in the space are looking to address one of the biggest pain points of online fashion shopping¡ªreturns and exchanges.
Two women entrepreneurs redefine men's fashion and luxury living with Gentlemen's League
From premium cigar lounges by Cingari to luxury cocktails crafted by Angad Gandhi, the event is designed to offer a holistic experience for men who appreciate the finer things in life.
A century old Raymond Group is planning 2 listings by end of 2025
Raymond Ltd., an Indian conglomerate, plans to list its apparel and real estate units by 2025 to boost shareholder value. The move aims to dismantle its conglomerate structure that led to subdued valuations. Raymond Lifestyle, known for men's suits, will expand in the Indian and wedding wear market, with targets for significant growth and new stores.
Trent to Open first Zudio store in Dubai next month
Retailer Trent, led by Noel Tata, is launching its first overseas Zudio store in Dubai next month, targeting the Indian diaspora. The store will be located in Silicon Oasis Mall. Following significant growth in India, Zudio now contributes over a third of Trent's total revenue. Expansion plans will depend on the store's performance.
Here's why Sudip Bandyopadhyay is bullish on Raymond
?If you compare FY24, Raymond, the lifestyle piece was about 3450 crore top line, whereas Vedant was about 1368 crore top line. And of course, the EBITDA margins were about 20.9% for Raymond's branded lifestyle piece and do not forget that Vedant, you get, say, about 37-time EBITDA multiple as far as valuation is concerned and it is kind of expanding further. Under the circumstances, I think Raymond Lifestyle will be a stock to really-really watch out for.
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