ONLINE FASHION
Designer Gaurav Gupta takes on fashion fakes
Fashion designer Gaurav Gupta is combatting counterfeit luxury products in India, filing nine lawsuits in the Delhi High Court. Gupta, whose designs are worn by stars like Beyonce and Cardi B, seeks ₹2 crore in damages from each counterfeiter and aims to secure restraining orders. The court has upheld Gupta's intellectual property rights, leading to destruction of counterfeit goods and payment of damages. His legal efforts set a precedent for protecting designers' rights against a growing global counterfeit market projected to reach $81 billion by 2026.
‘It’ designer Gaurav Gupta takes on counterfeiters, files 9 cases with Delhi High Court suing them for Rs 2 crore each
Designer Gaurav Gupta is taking a leading role in combating counterfeit luxury products in India. He has filed nine cases with the Delhi High Court against counterfeiters, seeking Rs 2 crore in damages from each and aiming for restraining orders. Gupta, whose designs have been worn by celebrities like Beyonce and Mindy Kaling, has seen three cases ruled in his favor, with interim injunctions in the other six.
Suitable Swimsuits: Indian swimwear brands see soaring demand amid travel boom
Indian women's swimwear market is booming, driven by a surge in demand and travel. Brands like Spirit Animal and Shivan & Narresh lead the way, offering inclusive and stylish options. Entrepreneurs such as Nadi Nadi and House of Malabaar are capitalizing on the trend, while social media and body positivity further fuel growth. Innovations like econyl fabric highlight sustainability. As more Indians travel, the demand for fashionable, functional swimwear is set to soar, creating a vibrant market.
China's landfills brim with textile waste as fast fashion reigns and recycling takes a back seat
In China, the world’s largest textile producer and consumer, more than 26 million tons of clothes are thrown away each year, according to government statistics. Most of it ends up in landfills.
Skincare brand mCaffeine partners with GoKwik to boost D2C revenue
mCaffeine and GoKwik have partnered to enhance the online shopping experience and drive revenue growth. Leveraging GoKwik's tech solutions, mCaffeine aims to expand its market share and D2C footprint. The collaboration promises better shopper satisfaction and increased revenue for both brands.
Nykaa expects consolidated revenue to rise 22-23% in April-June quarter
In a BSE filing on its quarterly revenue update for the April-June quarter of FY25, Nykaa said for the consolidated entity, the GMV (Gross Merchandise Value) growth for the quarter is seen to be in the mid-20s year-on-year.
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Putting the desi in design: India seems to be the flavour of global fashion
At the Paris Haute Couture Week, Rahul Mishra made his ninth appearance and Vaishali Shadangule released her collection ‘Satori’. Kartik Kumra showcased at the Menswear Fashion Week in Paris while Dhruv Kapoor returned to the men’s fashion week in Milan. And Mayyur Girotra showcased at the New York Pride. This is the runway. The red carpet is another story. And Hema Bose is the lead writer of that tale.
Video commerce offerings gain traction, Indians spent over 2 mn hours video shopping: Flipkart
Flipkart announced on Thursday that its video commerce platform has seen significant adoption, with Indian customers spending over 2 million hours on it from June 2023 to May 2024. The increase in usage highlights the growing trend of video commerce in India, driven by tech-savvy and digitally inclined consumers.
Fast fashion retailer Shein filed for London listing in early June, say sources
The Chinese-founded company, which was valued at $66 billion in a fundraising round last year, had started engaging with its financial and legal advisors to explore a listing on the London Stock Exchange early this year, sources told Reuters in May.
Shoppers Stop aims to open 60 new INTUNE stores in FY25
Shopper Stop plans to open 60 new INTUNE stores this fiscal, aiming to capitalize on mass premium opportunities in India's value fashion sector. With strategic investments in merchandising and analytics, the retailer is expanding its private labels and beauty brands to cater to evolving consumer preferences and growing brand consciousness.
Virat Kohli and Accel-backed WROGN gets Rs 125 crore from Aditya Birla's TMRW
TMRW House of Brands, a venture of Aditya Birla Group, has invested Rs 125 crore in WROGN, a youth brand in casual wear founded by Anjana and Vikram Reddy in 2014. The investment adds another leading fashion brand to TMRW's portfolio, enhancing WROGN's growth trajectory in the competitive fashion industry.
SEO skills are a must for freshers to thrive in the modern job space
Professionals need SEO skills to drive organic traffic and improve website visibility. Employers value fresh talent with SEO expertise for innovative ideas, cost-effective strategies, and enhancing online presence.
11 Swarovski Jewelry must-haves for fashion enthusiasts
Delve into the world of Swarovski jewelry to highlight the top 11 must-have pieces for fashion enthusiasts. From classic designs to contemporary statements, these carefully selected pieces promise to add a touch of sophistication and sparkle to any outfit. Whether you’re a long-time Swarovski fan or new to their dazzling creations, this guide will help you curate the perfect collection.
Amazon Sale 2024 - Smartwatches and watches under 499 for men, women, and kids
Watches are timeless fashion accessories that can easily elevate your whole look. Evolution throughout the past decades has made them even more stylish, functional, and minimalistic. Amazon has slashed the prices of some of the best-selling smartwatches and watches and is providing massive deals on trending brands. So grab your phone because it is time to make the most out of this Amazon Sale.
“EORS is going to be a game changer”: Uptownie’s Co-Founder Shivani Agarwal on the fashion brand’s partnership with Myntra
Myntra, a popular e-commerce platform, offers a vast selection of women's western wear, including trendy tops. Uptownie, a well-loved brand on Myntra, provides affordable and trendy fashion for Indian consumers. The ongoing End Of Reason Sale on Myntra presents great deals on Uptownie's viral products.
As retail sales growth slow, retailers to cut deep discounts to drive profits
Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England
Temu will have to comply with tougher EU online content rules, EU says
Temu, a fast-fashion e-commerce retailer under the PDD Group, is required to comply with strict EU online content rules as a very large online platform (VLOP) under the Digital Services Act (DSA), facing penalties of up to 6% of their global annual turnover for violations.
New-age consumer brands trend on deal street
Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the 3rd major deal in the space after Peak XV Partners’ Mokobara investment and Lighthouse’s bet on Safari.
Ethnic fashion brand Libas raises Rs 150 crore from ICICI Venture
Libas started going offline about 18 months ago and operates 15 store across the country. It plans to open 200 stores by 2026. “The organised Indian apparel sector is expected to grow significantly in coming years and this investment will fuel expansion across categories, and geographies with a strong focus on omnichannel experience,” said Sidhant Keshwani, founder and CEO of Libas.
Myntra gained market share, scaling beauty and home decor: CEO Nandita Sinha
Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.
GoKwik clocks $20 million in FY24 sales, expects to double in current year
Ecommerce enabler GoKwik has over 4,000 ecommerce brands in its network including Lenskart, Neemans, Man Matters, Purplle and Shoppers Stop, across categories of fashion, beauty, health and nutrition.
Reliance Retail partners with UK-based fashion retailer ASOS
India's largest retailer, Reliance Retail, has signed a long-term licensing agreement with UK's leading online fashion retailer ASOS, bringing the brand to India. Reliance Retail will be the exclusive retail partner for ASOS across all online and offline channels in India, introducing its curated portfolio of fashion-led own brand labels through a multi-channel presence and diverse retail formats.
Reliance Retail partners with ASOS to bring brands like ASOS Design to India
Reliance Retail and ASOS have announced a long-term partnership to establish a multi-channel presence for ASOS's own brands in India. Reliance Retail will manage all online and offline channels, including exclusive brand stores, multi-brand store expressions, and digital commerce platforms. This marks ASOS' first country-wide exclusive retail partnership.
Fashion brand Beyoung enters physical retailing, eyes 300 stores
Beyoung expands offline with first store in Bhilwara, Rajasthan, aiming for 300 outlets to increase GMV. H&M, Puma lead online sales. D2C market to hit $100 billion by 2025. Mandar Dandekar emphasizes omnichannel strategy. Phygital Retail Convention in Mumbai discusses D2C brand growth.
Shein steps up London IPO preparations amid US hurdles to listing
Shein pivots to a London IPO from New York, facing U.S. regulatory challenges. The online retailer, valued at $66 billion, navigates hurdles with plans for a dual U.S. listing post-London float, monitoring the political climate.
Shiprocket expands services to boost revenue beyond shipping
Shiprocket, an ecommerce logistics startup, expands revenue streams beyond shipping to include marketing, sourcing, payments, and lending services. Praful Poddar, the chief product officer, outlines the company's revenue sources and growth strategies in detail.
Ebitda positive for last two quarters, says Myntra
Myntra posts strong growth, staying EBITDA positive. GMV growth 2x online fashion market. MAU reaches ~60M by 2023 end. Emphasis on non-apparel, premium fashion, Beauty, and Gen-Z.
Nykaa has huge lead, edge to actively defend its turf: Founder Falguni Nayar
Nykaa, led by Falguni Nayar, plans to stay competitive in the beauty and fashion retail sector with a focus on customer expectations and market leadership against Indian conglomerates and new entrants like Tata Cliq Palette.
NCLT approves Aditya Birla group plan to merge NBFCs: Sources
Aditya Birla Group plans to consolidate its non-banking finance companies (NBFCs) to create better synergies and ensure optimal utilisation of resources and greater economies of scale, following approval by the National Company Law Tribunal (NCLT).
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