lifestyle | Pixr8 News

19Jun By Gauri SinghNo Comments

News

Lifestyle Pvt Ltd Pours In Crores To Open New Stores

The Indian retail fashion brand Lifestyle is reportedly investing about Rs 140 crore for the purpose of expansion during the current financial year. The company will open new stores, the investment of which is estimated to be Rs 8 crore to Rs 10 crore per store. “We are planning to open 12 to 14 stores during the current fiscal,” said Srinivasa Rao, senior vice-president of Lifestyle Pvt. Ltd. “The investment per store will be about Rs. 8 crores to Rs. 10 crores,” he added. Founded in 1999, the company, at present, has around 70 stores all over the country. The retail firm offers a variety of national and international brands It now plans to open more stores and the funds for the same would be met from internal accruals. According to the senior vice-president, the company would be ope...

Reliance Brands Ltd Buys Out a Lifestyle Company at $30 Million

9Jun By Gauri SinghNo Comments

ACQUISITION

Reliance Brands Ltd Buys Out a Lifestyle Company at $30 Million

A subsidiary of Mukesh Ambani-led Reliance Industries Limited called ‘Reliance Brands Limited’ has bought 100% stake in Rhea Retail Private Limited and has successfully acquired it for Rs 203.46 crore ($30 million) in cash. Rhea Retail is a Delhi-based privately owned firm which was founded in 2007 and its main line of business comprises of the distribution of women's, expectant mother’s, children's, and infants' clothing and accessories. Its revenue for the year through March 2018 was Rs 200 crore, the same as the previous year. On the other hand, Reliance Brands Limited is a part of Reliance Industries Group which too began its operations in 2007. It deals in over 40 international brands and aims to launch and build international and domestic brand equity in the premium to luxury s...

18Apr By AnkitaNo Comments

FUNDING

Smytten, a Discovery Platform For Premium Lifestyle Products, Raises Funding From Rajan Anandan

Smytten, an online discovery platform for premium lifestyle products and services, has raised an undisclosed amount as funding from Rajan Anandan, prolific angel investor, and Vice President and Managing Director of Google, SouthEast Asia and India. The Team will use this round of funding for enhancing user experience, product development and expanding both user and brand base. The company is going to pay special attention to artificial intelligence and algorithmically personalise offerings on their platform. ALSO READ: Ex-Unilever and Google Executives Launched Smytten, a Platform For Premium Brands to Reach Their Target Consumers Smytten provides its customers an engaging and curated discovery trial and shopping experience for premium products and services. Within just si...

Jabong Narrows Down Gross Loss to 46.7 cr in 2015

15Apr By Press Trust of IndiaNo Comments

BUSINESS

Jabong Narrows Down Gross Loss to 46.7 cr in 2015

Online lifestyle retailer Jabong has narrowed down its gross loss to Rs 46.7 crore for 2015 on the back of lower level of discounts. The gross loss of the company stood at Rs 159.5 crore in 2014, the company's parent Rocket Internet said in an investor presentation today. The company's net revenue rose 7.1 per cent to Rs 869.1 crore for the reported year compared with Rs 811.4 crore in 2014. "Gross profit margin improved by 14 pp (percentage point) driven by lower level of discounts," the company said. For the fourth quarter of 2015, the companys gross loss declined to Rs 1.9 crore as against Rs 45.9 crore in the same quarter last year. "The increased focus on gross profit margin, unit economics and overall profitability resulted in net revenue and GMV decline in Q4 ...

15Jan By AdityaNo Comments

News

Yepme.com, an Online Fashion Brand Opened First Store in Gurgaon

New Delhi: Yepme.com, India's biggest online fashion brand brings online shopping experience on to the offline space. With its first store opened on 14th Jan’2016 at DT City Centre Mall, Gurgaon, Yepme moves to brick and mortar retailing. Vivek Gaur, CEO and Co-founder Yepme.com, said “The brand is taking a step to get closer to our customer, as customers can now experience the touch & feel of the product and the diverse range of the fresh fashion collection for both men and women. They can also try their best fit to make an intelligent purchase online or at the store. We are excited to see the response at the store and take customer interaction to the next level.” The store aims to develop a connection between its customers and the retail brand, its products and brand culture. Custo...

Here comes Fokal – India’s only platform for hiring Creative Lifestyle Service Providers!

23Sep By Saumya SunderNo Comments

Entrepreneurs Talk, Story

Here comes Fokal – India’s only platform for hiring Creative Lifestyle Service Providers!

While some say you can capture a precious moment at the flick of a click while others say that a photograph is a piece of history that you save for the future. There is something that is really enigmatic and surreal to this discovery that makes us who we are as the humankind. And then I stumbled upon my next startup discovery - Fokal. Founder Shruti tells me more about the company and her vision to establish it as a value-added portal that enables people to hire verified Creative Lifestyle service providers at the click of a button. Read on to know more about her vision for the company and how she is motivated to take her concept to the next level! Tell us more about Fokal, what makes you who you are? Fokal is an online platform where one can hire creative lifestyle service providers a...