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LVMH to integrate Christian Dior Couture

The European multinational luxury goods conglomerate LVMH has announced that it is going to integrate the entire Christian Dior brand within the luxury group. The move is part of twofold strategic project. Bernard Arnault, Chairman and Chief Executive of LVMH, is also the Chairman and majority shareholder of Dior. Along with streamlining the business and simplifying its structure for the market’s benefit, the move will also allow the strengthening of LVMH’s fashion and leather goods […]

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India’s Reliance Retail sees 40.4% surge in profit

Reliance Retail, retail arm of Reliance Industries Ltd. (RIL), has announced 40.4 per cent increase in profit before depreciation, interest and taxes (PBDIT) for the financial year 2016-17 at Rs. 1,203 crore as compared to Rs. 857 crore in the corresponding period last year. The retailer noted a 60.2 per cent year-on-year increase to Rs. 33,765 crore from Rs. 21,075 crore in terms of revenue for the financial year 2016-17. Its PBDIT also noted 65.6 […]

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East Club London forays into South America market

Menswear brand East Club London is expanding beyond Europe and has forayed into South America market with its first store situated at the exclusive Polanco district in Mexico City. The new retail space in Mexico boasts of an exclusive bar area where customers can take a closer look at the collections. Inspired by colonial Indian and South East Asia, the fashion brand combines classic gentleman style with contemporary design and tailored fits, creating suits, shirts, […]

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Target’s Chief Innovation Officer to step down

Casey Carl, the Chief Innovation and Strategy Officer of discount retailer Target will step down next month. This has been announced by the company. The retailer has seen a series of exits from the company like heads of stores, marketing, human resources and its chief digital officer in the last 18 months. Target, which has been noting decline in its comparable sales for the last three quarters, is under pressure to improve its sales performance. […]

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NIKE bags first denim patent

American sportswear giant NIKE gas bagged patent for its athletic denim. The intellectual property wing of the retailer entered this new category. The patent also covers the term “artificially reinforced denim” which refers to a hybrid jeans-jogging pant. The patent also details a denim fabric that provides “high tenacity” and “moisture management,” in addition to stretch in various proportions. Such denims would note separate but seamless performance zones with the rear, thigh and calf areas […]

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Online fashion retail to touch US $ 30 billion by 2020: Report

India’s consumer spending is now heavily influenced by ‘mobile’ where fashion retail/shopping is emerging out as a key segment thriving in the digital era, as per the report by The Boston Consulting Group (BCG) and Facebook titled ‘Fashion Forward 2020’. The report mentions that the Indian fashion market is currently estimated at US $ 70 billion, where online contributes to about 5 per cent of the total at around US $ 4 billion. The report further highlights that […]

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Jimmy Choo is up for sale!

British fashion luxury brand, dealing mainly in footwear and accessories – Jimmy Choo has decided to seek offers following a new review of its strategic process and explore potential options for the business’s future. A major move for the brand, the sale is being backed by Jimmy Choo’s main shareholder JAB Holdings, which also invests heavily in luxury firm Coty and Krispy Kreme donuts. Also Read – Agent provocateur files for chapter 11 bankruptcy The […]

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Future Group announces demerger of home retail business

India-based Future Group has announced demerger of its home retail and e-commerce home retail businesses into a single entity. The newly formed entity would be called Praxis Home Retail. It will on core format of small and big retail stores. “This is demerger of the home retail business. We are separating the speciality retail and would concentrate on the small-store and big-store retail,” Future Group CEO Kishore Biyani was quoted as saying by a leading […]

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Apparel retailer Bebe to shut all its stores

Barely a month after announcing its plans to explore strategic alternative options to boost the brand’s presence and sales by cutting down on positions, international apparel retailer Bebe Stores Inc. has announced that it will be shuttering down all of its stores by the end of May, this year. The struggling fashion retailer has planned to liquidate all merchandise and fixtures present within the stores, it disclosed in a regulatory filing on Friday. Also Read […]

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Aritzia now in Los Angeles!

Beloved Canadian fashion boutique Aritzia has announced its arrival in Los Angeles (California, US) by launching its first flagship store at the Westfield Century City. While the new flagship marks Aritzia’s first permanent LA outpost, this isn’t the first time the Vancouver-based brand has come to Southern California. At the end of last year, Aritzia had opened up a pop-up shop on Melrose Avenue, providing Angelenos with a taste of the retailer’s well priced but […]

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London gets its own Modest Fashion Week

Luxury fashion designers and high street retailers are both looking up to the growing demand and power of Muslim or just a generally conservative consumer, which lead to the dawn of new and extremely fashionable era in the ‘modestwear’ segment. To tap onto this booming segment, Modest Fashion Week is now making its way to London. Earlier, it used to be held in destinations such as Middle East, Istanbul, and Turkey… Marking its presence in […]

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H&M revives its India strategy, plans to open a store every month

In view of rising competition from global rivals like Zara and GAP in India, Swedish fashion retailer Hennes & Mauritz (H&M) is moving towards expansion plan in the country. The retailer is planning to increase its sales by opening brick and mortar stores. It aims to add six to eight over stores by the end of this year. H&M has started 16 stores since it ventured into Indian market 18 months ago. “Worldwide, sales through […]

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Walmart to organize ‘Open Call for US Products’

US-based leading multinational corporation, Walmart is organizing an ‘Open Call for US Products’ on 28th June, 2017 in order to meet its commitment to purchase an additional US $ 250 billion in US products through 2023. The exchange of goods will take place in Bentonville, Arkansas (USA). Companies who want to sell US products to Walmart can participate in the drive. It may be worth noted that with reshoring and FDI (Foreign Direct Investment) announcements, US has […]

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Renown to target youth with new low-priced clothing brand

Japan-based Renown will be launching a brand of affordable clothing, next Spring, to grow a youth base of consumers, thereby hoping to bounce back from struggling sales of department stores. A rough outline of the brand will be released by the company today. The clothes will target men and women in their 20s and 30s. The clothes are likely to have price levels on par with those sold by Zara and Fast Retailing’s Uniqlo. These […]

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India’s national capital gets first flagship store of ‘Not So Serious’

New Delhi, India has become home to the first flagship store of ‘Not So Serious’, a label by designer Pallavi Mohan. The brand is a premiere name in the Indian fashion fraternity. Currently, the fashion brand retails from leading stores in US, UK, Mumbai, Kolkata, Hyderabad, Bangalore, Goa and Jaipur in India. The store also has its presence online at Anthropologie.com, PerniasPopupShop.com, Exclusively.com and DateTheRamp.com. The Not So Serious label was launched by Pallavi Mohan […]

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