Tuesday, November 5

Tag: online fashion

Myntra Launches a Plus Size Apparel Brand Sztori
BUSINESS

Myntra Launches a Plus Size Apparel Brand Sztori

The online fashion retailer Myntra is making efforts to widen its portfolio of private brands and this time it has launched a plus size apparel brand called Sztori. This brand is designed to suit a larger range of body shapes and sizes. The particular brand will offer over 225 styles and designs including, Tees, denims, tops, dresses in large to XXXXL (4 times large) sizes for men and women. The price of these apparels will range from Rs 799-1,999.  "Plus-size clothing is in great demand and it was time we offered something substantial in the category, opening up more avenues and possibilities for our customers,” said Manohar Kamath, CXO and Head Myntra Fashion Brands.  He also mentioned that this segment will account for $5-6 billion in the $40-billion Indian online fashion apparel m...
UK Based Koovs Raises 30 Cr Funding From HT Media
FUNDING

UK Based Koovs Raises 30 Cr Funding From HT Media

UK-based online fashion player Koovs plc today announced raising 3.3 million pounds (over Rs 30 crore) from HT Media Ltd and Dragon Asia Holdings Pte Ltd to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2 per cent stake in the enlarged issued share capital of the fashion portal. Similarly, the company issued 12 lakh new ordinary shares at a price of 25 pence per share to Dragon Asia Holdings Pte Ltd taking total holding in it to 19.2 per cent. "This investment shows further momentum in our Capital Raising and supports our focus on marketing in order to accelerate brand awareness and sales growth for Koovs in India. Our ambition remains t...