Sunday, June 23

Tag: clothes

Apparel Brand Supreme acquired by VF Corp for $2.1 billion
ACQUISITION

Apparel Brand Supreme acquired by VF Corp for $2.1 billion

VF Corp, the owner of Vans, Timberland, and The North Face clothing brand has acquired the famed streetwear brand Supreme in a deal worth $2.1 billion. The Carlyle Group and Goode Partners, are selling their stakes in the Supreme brand. This deal comes three years after private equity firm The Carlyle Group bought a 50% stake in the streetwear brand for $500 million, which valued Supreme at $1 billion. This is the same Carlyle Group who owned 50% stake for $500m in Beats Electronic and sold their stake to Apple for $3 billion just after eight months of the deal. Supreme sells apparel, accessories and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital. The Supreme brand’s founder, James Jebbia and the senior leadership team of ...
E-commerce Firm Flipkart Invests $35 Million in Arvind Fashion
FUNDING

E-commerce Firm Flipkart Invests $35 Million in Arvind Fashion

Walmart owned Flipkart Group said that it has invested $35 million (₹260 crores) to acquire a significant minority stake in Arvind Youth Brands, a subsidiary of Arvind Fashions Ltd (AFL). Walmart owned Flipkart group has subsidiaries including Flipkart, Myntra, and PhonePe ranging from eCommerce to digital payment space. Arvind Youth Brands which owns the clothing brand Flying Machine have a 40-year legacy and the group started selling its merchandise on Flipkart and Myntra for more than six years. Through this investment, Flipkart Group and Arvind Fashions will work collaboratively to identify opportunities and synergies to innovate and develop products with strong value propositions at attractive price points, the companies said in a joint statement. Kalyan Krishnamurthy, th...
ShopClues Expanding its Fashion Business To Hit Profit Goal
News

ShopClues Expanding its Fashion Business To Hit Profit Goal

ShopClues is expanding its fashion business by bringing on board more local brands and enhancing product offerings, a move that will steer the e-commerce marketplace towards overall profitability. ShopClues, which focuses on value and mid-price segments, aims to hit overall profitability by the first half of 2018- 19. Talking about the lifestyle segment, ShopClues Co-Founder and Chief Business Officer Radhika Aggarwal said the current size of Indias apparel and lifestyle market is estimated to be over USD 90 billion but only 2 per cent of this is online. "However, this (lifestyle) is also the fastest growing category and reaches 24 per cent of online consumers in India," she told Pixr8. The lifestyle segment is fast growing with intense competition among not just fashio...
A 360 Degree View Of Numero Uno’s Delhi Head office
Story

A 360 Degree View Of Numero Uno’s Delhi Head office

Nestled in the serene environment of Gwal Pahari, Gurgaon, the headquarters of the renowned clothing brand Numero Uno is a classic example of reflecting the business operations of a company into its work space and culture. Oozing an intense look, the office sports an Industrial appearance with raw ceiling and exposed wiring and ducts. The raw masculinity of the office is complimented by colours including Blue, Green, White and Grey being used extensively. Fetching the inspiration to go green as well as set up a productive environment, the company fused the open spaces, work stations and planters for a healthy creative environment. The office’s cafeteria “cafe Uno” is a self service break out area with a Table Tennis table. The overall openness and ability to interact freely w...
IndusDiva Unveils Khadi Originals; To Be Available on Myntra
News

IndusDiva Unveils Khadi Originals; To Be Available on Myntra

ANI- Online ethnic wear fashion brand IndusDiva announced its association with Haresh C Shah for Mumbain Khadi Village Industries Association (MKVIA) to unveil Khadi Originals. Khadi Originals is a collection of fusion apparels which is all set to recapture the original ethos of Khadi. It is not merely a fabric; it's a thought, a reflection and above all a way of life. True to its fluid yet structured character, Khadi Originals is a classy mix of earthy elegance, minimalistic chic and subtle sophistication. Crafted for men and women with discerning tastes, the silhouettes are simple, easy and comfortable in hues that vary from earthy and monochromes to pastels. Inspired by nature, these unique creations make for all-season clothing. Khadi Originals from IndusDiva will retail a ran...
Now A Fashion App Will Set Up Trial Rooms For Shoppers at Janpath
Story

Now A Fashion App Will Set Up Trial Rooms For Shoppers at Janpath

For the first time find a trial room in middle of a street shopping area organised by the instant advice fashion app, Styledotme.  You now get to try an outfit before you buy from the streets and get instant fashion advice from our influencers and fashion experts. With a footfall of over 5,000 shoppers every day across more than 150 shops, Janpath is one of the most flocked-to street shopping places. What it lacks, however, is a trial room, that leaves most shoppers in a state of confusion - "to buy or not to buy". Apart from advice, many interactive and exciting activities have been planned to entertain shoppers. Speaking about the event, StyleDotMe founder Meghna Saraogi said in a statement: "Through the StyleDotMe app, shoppers at Janpath will be able to take pictures of themse...
Now You Can Call Darji (Tailor Master) at Home
Story

Now You Can Call Darji (Tailor Master) at Home

“Fashion is about good energy. It’s about feelings. That’s what I have to give the people, good energy and good feelings.” – Adriana Lima With the same passion for fashion and knowledge of the art of tailoring, Reshapeattire was brought into existence. There is a huge market for us to buy new clothing online but none to reshape or resize our existing clothes. After closely analysing the market, the founder figured out that this need of the consumers was yet to be catered. Hence, the founder came up with Reshapeattire.   THE COURSE OF RESHAPEATTIRE “I had noticed it among my friends & acquaintances that clothes got thrown quite often because of fluctuating body weight. I found it odd there was nothing in the market where we could ‘fix-up that old jeans’ or ‘resize that old...