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Future Group to sell Laura Ashley’s merchandise in India

Future Group, a prominent player in the Indian retail and fashion sector, has scripted a deal with the UK clothing and homeware retailer Laura Ashley, a Welsh textile design company now controlled by the MUI Group of Malaysia which runs about 450 stores globally, to make and sell its merchandise in the Indian market. “We are trying to bring aspirational products within HomeTown as there is enough potential in the market. We are reworking on […]

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Indian fashion retailers for digital measures to retain market potential

Fashion retail shops progressively want to retain potential purchases lost due to unavailability of products, ranges or sizes. It is estimated that as much as a fifth of sales are lost as customers don’t find their size or product in stock. For that matter, they are creating digital networks to cover the same. India’s largest value-fashion brand by revenue, Max, estimated nearly 10 per cent of its customers are lost due to non-availability of products. Consequently, […]

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Brand Factory raises Rs. 115 crore revenue during 3-day ‘Free Shopping Weekend’

Future Group’s fashion discount chain, Brand Factory recorded a business of Rs. 115 crores during the 3-day Free Shopping Weekend mega sale event that it recently organized; exceeding its expectations of doing Rs. 100 crore business, said a Future Group spokesperson. During the sale, customers shopped for merchandise worth Rs. 5,000 by paying Rs. 2,000 (note). Several other freebies like a free shirt and a Rs. 1,000 voucher were also offered. According to the spokesperson, around 25 per […]

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Brand Factory to touch Rs. 3,500 crore turnover by FY 2020

India-based Future Group firm Brand Factory is expecting a three-fold jump in turnover to Rs. 3,500 crore by fiscal year 2020 as it is increasing its reach across the country. The company, which reported a turnover of Rs. 950 crore in 2015-16, is looking at closing the current fiscal with net sales of Rs. 1,500 crore. Suresh Sadhwani, CEO, Brand Factory told a leading Indian daily, “We are expanding at a fast pace and are looking at […]

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