DLF to build another luxury mall

Keeping a million or so footfalls each month at its two premium properties in the national capital – the Promenade and the Emporio – DLF, now has plans to set up another luxury mall in the Delhi-NCR region. Pushpa Bector, Senior Vice President with DLF Utilities who also heads DLF Promenade, said they are happy […]

Lenovo to open 4 stores in Mumbai

MUMBAI: In a bid to strengthen its retail foothold in India’s commercial capital, PC maker Lenovo has announced the launch of 4 new stores in Mumbai. As one of the largest exclusive PC retailers with over 1000 stores across the country, the expansion is in tandem with Lenovo’s overall plan to build a strong retail […]

Indian apparel brand Crusoe eyes Rs 2bn revenue by FY’16

Indian men’s innerwear brand Crusoe is planning to grow its revenue to two billion rupees by FY’16. The brand owned by Coimbatore-based Jagannath Textile Co. Ltd. proposes to launch 100 exclusive outlets, including company-owned and through franchise route, by end of the current fiscal. The company already marks its presence in men’s casual wear segment, […]

Designer Raghavendra Rathore launches his new label ‘Club J’

Designer Raghavendra Rathore popularly known for his made-to-measure bandhgalas and achkans, has brought his signature style to the world of denim by launching a new label, Club J. Club J’s emphasis on classic styling and amazing European cuts, crests, logos, family totems and the overall essence of lineage gives it an altogether different look. Apart […]

Eminence: Plans exclusive stores by October

After establishing its presence through about 1,100 MBOs across India since its launch in 2009, Eminence, the popular innerwear label from France is now looking at setting up exclusive stores. Sunil J Pathare, Vice Chairman and Managing Director, Maxwell Industries, who brought the well-known brand to India says, “Initially, we intend to be present in […]

General Atlantic in talks to acquire stake in Snapdeal

BANGALORE: Online retailer Snapdeal is close to sealing a deal to raise $80-100 million (Rs 440-550 crore), in the process potentially snagging private equity investor General Atlantic Partners which was once in funding negotiations with rival Flipkart. Snapdeal’s existing investors Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners will also participate in this […]

Local single-brand retailers like Fabindia, Hidesign, Nalli to access foreign funds

NEW DELHI: The government has exempted Indian single brand retailers from the purview of a controversial provision that restrained them from raising funds from foreign private equity funds and overseas investors. This clarification paves the way for single brand retailers such as Fabindia, Hidesign, Nalli, Gitanjali Gems, Lilliput, and Gini & Jony to access foreign […]

Arvind eyes Debenhams, Next’s business

MUMBAI: Arvind’s Sanjay Lalbhai may acquire the operating stores and rights of British fashion retailers Next and Debenhams from Planet Retail, triggering another retail industry consolidation , said two sources directly familiar with the developments. Arvind’s wholly owned subsidiary Arvind Lifestyle Brands is holding advanced talks to buy a large portfolio of retail assets, including […]

French luxury brand Triangle enters India

The French luxury brand, Triangle, has entered India in alliance with Delhi-based FX Entertainment, a distributor of audio/video brands in the Indian market. Under the agreement, FX Entertainment has been appointed as the exclusive distributor for Triangle’s super premium range of loudspeakers for the Indian territory. Triangle products will be retailed by the distributor through […]

Global luxury brands opt for ‘sale’ route to woo customers

After the rush to declare early discount sale by most global and domestic apparel brands and retailers, to clear inventories and make way for the fresh stocks, global luxury giants like Chanel, Christian Dior and others too have joined the fray. Most have opted for sale or low price-tags on select items to attract first […]