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Warren Buffett's Berkshire reveals $900 mn Amazon stake

Warren Buffett's Berkshire Hathaway had shares worth $904 million in e-commerce giant Amazon at the end of March 31, the media reported citing a regulatory filing.

Alibaba beats revenue expectations on cloud boost

Alibaba has invested in new business lines such as cloud computing as a boom in its core e-commerce has peaked and its top line growth is slowing.

Piecemeal policy by FDI can hurt industry's growth prospects: Amit Agarwal, Amazon India chief

A small group of disgruntled and motivated voices making the most noise, hurting e-commerce, said Agarwal.

‘India needs enabling e-comm policy’

“India could probably do more to think about a policy landscape that is far more enabling for an industry which is still so early in its evolution,” said Amit Agarwal in an interview.

Ecommerce companies Flipkart, Amazon log out of deep discounts

Online marketplaces treading cautiously after February tweak in ecommerce policy.

MobiKwik starts household goods insurance products

MobiKwik offers cover for household goods.

Amazon says OTT players' focus on original content to drive uptake of Fire TV stick; eyes partnerships

Amazon said that the growing focus on original content by regional and international over-the-top players will help grow the streaming device category and drive uptake of its Fire TV stick.

Amazon wades into British food delivery battle with Deliveroo funding

Deliveroo said on Friday that Amazon was the lead investor in a new $575 million funding round, joining its existing investors to further develop the company's technology and expand its reach.

Voonik eyes a remake, to sell only private labels

Voonik, in an email to sellers, said it was moving to a single-brand retail model in the coming weeks, and all products that sellers manufacture would be sold under the Voonik brand.

The Middle East is calling Indian sellers on Amazon

The global selling programme itself is expected to generate $5 billion in sales for Amazon India, country head Amit Agarwal said last month.

First-quarter results: Flipkart shakes Walmart's global earnings cart

US giant's gross profit rate, operating income drop due to Flipkart's inclusion in this year's financial performance.

Amazon faces backlash for selling shoes, rugs with images of Hindu gods

The episode is reminiscent of an incident in 2017 when the Indian government took Amazon to task after its Canadian website was spotted selling doormats resembling India’s flag.

E-tailers may see sales growth dip to 26%: Study

According to Forrester’s previous estimates, the online retail market would have been $73 billion in size by 2022. The revised growth estimates predict the segment to grow to about $69 billion by the same period.

FIR against e-tailer for using ads with pictures of gods

An FIR has been lodged against e-commerce giant Amazon for allegedly allowing display of some products that have pictures of Hindu gods on its website. The FIR was lodged on a complaint by Bajrang Dal activists in Noida’s Sector 58 police station.

Google tracking your online purchase history

Every time you get a receipt on your Gmail account, Google adds it to your list of purchases.

Amazon withdraws 33 products after protest

Some 1.47 lakh people lodged their protest online on Change.org, and #BoycottAmazon trended with over 33,000 tweets on Twitter.

Alibaba faces consumer complaints in Europe

"If Alibaba wants to trade on the European market, it must respect the rules that apply here. That is not negotiable," said Sandra Molenaar, head of the Dutch consumer association Consumentenbond.

Amazon launches flight booking service in India

People in India can now use Amazon to book their domestic flights in addition to shopping, money transfers, utility bill payments, mobile recharges -- all through one single app, the e-commerce giant announced on Saturday.

India looks to fight alone at WTO on global e-commerce rules

The pressure on India, as regards global rules for e-commerce trade, is evident at most global gatherings. Much to its embarrassment, the government had to drop a mention of the issue in a declaration issued after the mini-ministerial meeting hosted by it here last week, with only South Africa on its side.

GOQii sends legal notice to Flipkart against deep discounts

In a legal notice sent to the Walmart-owned online marketplace on Saturday, GOQii said such discounting of its products also violates the foreign investment policy in ecommerce.

Nirav Modi to make another bail plea in UK court on May 8

Modi is to appear before Chief Magistrate Emma Arbuthnot at Westminster Magistrates' Court in London on May 8 for a third attempt.

India's Q1 gold demand up 5 pc at 159 tonne: WGC

In terms of value, there was a 13 per cent growth during the quarter at Rs 47,010 crore compared to Rs 41,680 crore in the same period last year.

PNB ruined Gitanjali Gems to hide its misdeeds: Choksi

Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank intentionally "destroyed" Gitanjali Gems, the luxury brand owned by him, with an aim to hide its "own wrongdoings".

Titan Company expects 20% growth in FY20; opens Taneira outlet in Hyderabad

Tata group firm Titan Company Limited expects to grow at 20 per cent during the current fiscal, said a top executive of the firm here on Monday. Titan Company managing director Bhaskar Bhat also said the company plans to open 14 outlets of 'Taneira', the group's premium sarees and ethnic wear category during FY20 taking the total to 18 by the end of the year.

Jewellers expect better glitter this Akshaya Tritiya

World Gold Council managing director Somasundaram PR said this Akshaya Tritiya looks more optimistic than last year as the market has settled down after policy changes including note-ban and GST which had hit the industry very badly.

Auction house finally hands over Rs 54 cr cheque to I-T dept raised from Nirav Modi’s paintings

Saffronart hosted a sale of Modi's 68 artworks, out of which 13 lots remained unsold.

Akshaya Tritiya: Why investing in gold could be a good option

If you are one of those who has been buying gold on this day every year, here's something to feel happy about. Though, gold has not generated any meaningful return over the past 5-7 years, it doesn't look as bad in the long term.

Major jewellers see higher sales on Akshaya Tritiya

M P Ahammed, chairman of Malabar Group, said that sales were up by about 25% compared to the previous year. “The demand was higher for diamond and studded jewellery,” he said.

Akshaya Tritiya brings 30% rise in footfalls for jewellers

The auspicious day last year saw a tepid response from customers at the back of corruption and shutting down of jewellery chains. This year, however, consumers have regained confidence in the industry.

Nirav Modi set for fresh bail plea in UK court

Fugitive diamond merchant Nirav Modi will file a third bail plea Wednesday before a UK court, which has already rejected his bail twice before as he fights his extradition case in the Punjab National Bank fraud and money laundering case amounting to up to $2 billion. It remains unconfirmed whether Modi will appear in person or via videolink.

Nirav Modi denied bail for third time after judge hears he ‘lured witnesses to Egypt’ to prevent testimony

Clare Montgomery QC, representing Nirav, upped his bail security offer to £2 million (about Rs 18 crore) and offered for him to be subjected to a 24-hour curfew at a special bail hearing at Westminster magistrates' court.

UK court denies bail to Nirav Modi for third time

A UK court on Wednesday denied bail to Nirav Modi for the 3rd time, saying the fugitive diamond merchant who is the main accused in PNB fraud and money laundering case would fail to surrender. Nirav Modi's defence team doubled the bail security to 2 million pounds & offered he would stay on 24-hour curfew at his London flat but the judge was not convinced.

PC Jeweller gets board's nod for export division demerger

The export division's turnover stood at Rs 2,690.37 crore as on March 31, 2018, which is 28.35 per cent of PCJL's turnover.

Nirav Modi, Mehul Choksi's 13 luxury cars on auction

Thirteen luxury cars owned by fugitive diamantaires Nirav Modi and his uncle Mehul Choksi went on online auction by the Metals & Scrap Trading Corporation, here on Thursday.

Gold rises Rs 150 on jewellers' buying, weak rupee

Traders said besides increased buying from local jewellers, a depreciating rupee which slumped to Rs 70 against the dollar aided the uptrend.

Forget pens and t-shirts, PM Modi jewellery sparkle this season

Rajkot jeweller says he’s already got orders for 4,000 rings from retailers.

Mehul Choksi seeks dismissal of ED plea to declare him as fugitive

In a petition filed Wednesday through advocate Vijay Aggarwal, he said he was unable to return to India due to persistent health problems.

Nirav Modi's bail application rejected by London court

The 48-year-old is been behind bars at Wandsworth prison in south-west London since his arrest last month​​.

Trade bodies make conflicting remarks on raids involving hallmarking

An official in BIS’s Delhi headquarters said he was not aware about any such raids.

Nirav Modi to appear for remand hearing via videolink from jail on Friday

The hearing this week takes place as per the 28-day time frame for judicial remand in such cases.

Titan Q3 net profit up 46 pc to Rs 411.09 crore

Total income during the quarter stood at Rs 5,934.11 crore, up 35.34 per cent as against a total income of Rs 4,384.4 crore in the year-ago period, the company said in a BSE filing.

Nirav Modi to make another bail plea in UK court on May 8

Modi is to appear before Chief Magistrate Emma Arbuthnot at Westminster Magistrates' Court in London on May 8 for a third attempt.

Delhi HC restrains Ludhiana apparel co. from selling counterfeit Under Armour products

The Delhi Court in its order froze the manufacturing unit of the infringer directing it to maintain status quo on title, possession, and construction thereof until further orders.

Future Lifestyle Fashion Q4 net up 40% to Rs 36.4 cr

Same store sales growth grew 9% while EBIDTA margin dropped 80 basis points at 9.2% during the fourth quarter.

Shoppers Stop's Q4 net profit falls 45% to Rs 11.45 crore

The company had posted a net profit of Rs 20.78 crore in the same quarter a year ago.

Raymond Q4 net up 24.2% at Rs 67.70 crore

Its total income during the period under review stood at Rs 1,837.11 crore, up 10.99 per cent, as against Rs 1,655.12 crore in the corresponding quarter last fiscal.

Gucci to add sparkle with high-end jewels, Kering's Pinault says

Jewellery has been one of the best performing corners of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the 18 billion euro global market were set to progress 7 percent this year.

Alcis Sports is turning plastic bottles into lightweight T-shirts

Each t-shirt saves approximately 27 litres of water, uses 50% less energy to produce and reduces carbon emission by over 54%.

India's Q1 gold demand up 5 pc at 159 tonne: WGC

In terms of value, there was a 13 per cent growth during the quarter at Rs 47,010 crore compared to Rs 41,680 crore in the same period last year.

Actress Sara Ali Khan is Puma India’s new face

The association kicked off today with a brand activation in Mumbai with Khan spray-painting the brand’s signature campaign message– Do You – as graffiti on Carter Road.

Shoppers Stop to relist on Amazon

In February, Shoppers Stop had delisted itself from the US based online giant, that owns 5% in the department chain to comply with the amended foreign ownership rules.

PNB ruined Gitanjali Gems to hide its misdeeds: Choksi

Key accused in the PNB fraud case, Mehul Choksi on Thursday said the state-run Punjab National Bank intentionally "destroyed" Gitanjali Gems, the luxury brand owned by him, with an aim to hide its "own wrongdoings".

Bombay Dyeing posts net profit of Rs 1,253.33 cr in Mar quarter

Its total income during the period was Rs 2,791.08 crore. It was against Rs 765.21 crore in the corresponding quarter a year ago.

Titan Q1 profit jumps 31% YoY to Rs 349 crore

Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64 crore in the year-ago quarter.

Lenskart puts aside Rs 71 crore to build its contact lens unit

Lenskart will spend on product innovation, backend integration and enabling trials, while positioning it as a fashion category.

Under Armour to open stores, take on Nike, Adidas

The company has roped in former Adidas veteran Tushar Goculdas, as MD of its India operations.

Richemont sells luxury leather bagmaker Lancel to Piquadro

Richemont, the owner of Cartier jewellery as well as watch brands including Piaget and IWC, said the deal would have no material impact on its balance sheet, cash flow or results for year ending 31 March 2019

Meet Kuruvilla Markose, the man who has put Titan’s digital transformation on the fast track

Markose seems to have segued into his role pretty well. He has spent all of his two decade long career in Tata Group. He has been in customer facing roles across different group companies.

Lenskart hires senior executives for top posts

The Faridabad-based company has named Oliver Kaye, who formerly led global apparel and accessories retailer The Gap’s Indian operations, as its chief operations officer and chief business officer,

Adidas seals partnership with singer Beyonce

Adidas, which also has a partnership with Kanye West, said on Thursday it will work with Beyonce on creating performance and lifestyle products, including signature footwear and clothing.

Titan Company expects 20% growth in FY20; opens Taneira outlet in Hyderabad

Tata group firm Titan Company Limited expects to grow at 20 per cent during the current fiscal, said a top executive of the firm here on Monday. Titan Company managing director Bhaskar Bhat also said the company plans to open 14 outlets of 'Taneira', the group's premium sarees and ethnic wear category during FY20 taking the total to 18 by the end of the year.

Jewellers expect better glitter this Akshaya Tritiya

World Gold Council managing director Somasundaram PR said this Akshaya Tritiya looks more optimistic than last year as the market has settled down after policy changes including note-ban and GST which had hit the industry very badly.

Auction house finally hands over Rs 54 cr cheque to I-T dept raised from Nirav Modi’s paintings

Saffronart hosted a sale of Modi's 68 artworks, out of which 13 lots remained unsold.

Khadi demand surges due to elections, sales up 29 pc in FY 2018-19

The chairman of Khadi and Village Industries Commission (KVIC), Vinay Kumar Saxena, told that after 2013-14, the khadi business registered a four times growth in the last five years.

Ecommerce bandwagon turns lifeboat for global brands

Online channels are a second chance for global brands that may not be doing well in brick-and-mortar.

For the rest of the year we will be on target: Bhaskar Bhat, Titan

Titan MD explains why jewellery sales failed to keep pace with target in Q1

Attention, fashion Nazis! Alexander McQueen, Yves Saint Laurent are coming to India

The first of these stores is likely to come up at DLF’s Chanakya mall in Delhi.

After demonetisation & GST, Indian luxury market now hit by stock and currency fluctuations

The overall market contraction has translated to cut downs in sales teams on the shop floors or staffers foregoing incentives after hanging on to their jobs.

Xiaomi leads India wearables market in Q3 2018: Report

Xiaomi and GOQii are followed by Titan, Samsung and Fossil in terms of market share.

Akshaya Tritiya: Why investing in gold could be a good option

If you are one of those who has been buying gold on this day every year, here's something to feel happy about. Though, gold has not generated any meaningful return over the past 5-7 years, it doesn't look as bad in the long term.

Baggit's mass media campaign: What's in this bag?

Baggit launched its first mass media campaign, with a Bollywood face. Is it enough to stem the tide in this suddenly hypercharged category?

We are growing because of tailwinds in all sectors: Dilip Piramal, VIP Industries

“It will be a long time before Bangladesh starts to make a bigger contribution in our working.”

Footwear is biggest story for us: Biyani

Elaborating on the trend he said that while women have a minimum of 20 pairs of footwear on an average, men are moving towards owning 20 pairs. “Footwear is the biggest story for us,” he added.

PV Sindhu signs approximately Rs 50 crore deal with Li Ning

"Sindhu's deal is one of the biggest in world badminton. It is close to Rs 50 crore for sponsorship and equipment," director of the firm which is the multi-national exclusive partner of Li-Ning in India said.

Major jewellers see higher sales on Akshaya Tritiya

M P Ahammed, chairman of Malabar Group, said that sales were up by about 25% compared to the previous year. “The demand was higher for diamond and studded jewellery,” he said.

Akshaya Tritiya brings 30% rise in footfalls for jewellers

The auspicious day last year saw a tepid response from customers at the back of corruption and shutting down of jewellery chains. This year, however, consumers have regained confidence in the industry.

Nirav Modi set for fresh bail plea in UK court

Fugitive diamond merchant Nirav Modi will file a third bail plea Wednesday before a UK court, which has already rejected his bail twice before as he fights his extradition case in the Punjab National Bank fraud and money laundering case amounting to up to $2 billion. It remains unconfirmed whether Modi will appear in person or via videolink.

Alpha Capital invests Rs 80 crore in ethnic wear brand Shree

The brand plans expansion into Kerala, Tamil Nadu, Karnataka, Maharashtra, Gujarat, Punjab, Uttar Pradesh, Himachal Pradesh, Haryana and Madhya Pradesh.

Fab India expanding retail presence

Singh said an experience centre usually rakes in over Rs 1 crore per month in revenue. “By the end of this year, 30% of our retail space will be occupied by experience centres,” Singh said.

Relaxo eyes Rs 2,500 crore turnover this fiscal

The company also plans to open 50 standalone outlets in the current fiscal, taking total count to over 350 stores.

Nirav Modi denied bail for third time after judge hears he ‘lured witnesses to Egypt’ to prevent testimony

Clare Montgomery QC, representing Nirav, upped his bail security offer to £2 million (about Rs 18 crore) and offered for him to be subjected to a 24-hour curfew at a special bail hearing at Westminster magistrates' court.

UK court denies bail to Nirav Modi for third time

A UK court on Wednesday denied bail to Nirav Modi for the 3rd time, saying the fugitive diamond merchant who is the main accused in PNB fraud and money laundering case would fail to surrender. Nirav Modi's defence team doubled the bail security to 2 million pounds & offered he would stay on 24-hour curfew at his London flat but the judge was not convinced.

Titan makes Rs 145 crore provision towards IL&FS investment

Titan said it has set aside its entire investment amount of Rs 145 crore in IL&FS as impairment value. The company had put in that amount in inter-corporate deposit (ICD) which was due for maturity in November and December last year.

Titan Q2 net rises 8 pc to Rs 301.11 cr

Titan said as on September 30, 2018, as a part of treasury operations, it has invested in inter-corporate deposits amounting to Rs 145 crore with IL&FS and its subsidiary.

Richemont highlights volatile consumer demand as net profit falls

"Amidst growing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environment, we maintain confidence in our ability to realise our long term ambitions," the maker of IWC watches and Cartier jewellery said in a statement on Friday.

Nike's plan for better-fitting kicks: Show us your feet

The sneaker seller will add a foot-scanning tool on its app this summer that will measure the length, width and other dimensions of customers' feet after they point a smartphone camera to their toes.

Killer Jeans maker keen to acquire children’s brand

The company has clocked CAGR of 14% in the last decade and with acquisitions and increasing retail penetration, hopes to grow at CAGR of 20% YOY in the next five years.

Now, 11 companies in race for Pepe Jeans India

Reliance Retail, Future and PE giants among cos looking to acquire clothing major.

LVMH pairs up with Rihanna for new fashion brand

Fenty - after the "Umbrella" hitmaker's full name, Robyn Rihanna Fenty - will build on the singer's existing joint venture in cosmetics with LVMH, with a full range of clothing, shoes and accessories.

Katy Perry criticised for racist 'blackface' shoes; online retailers pull designs

The shoes from Katy Perry Collections comes in two shoe colours.

Future Group exits JV with Skechers

Last year, Future Group, which also owns footwear brands such as Lee Cooper, Converse, and Clarks, said it expects to clock Rs2,500 crore in revenue from footwear sales in 2019.

Skechers USA purchases minority shares of its Indian JV

The Skechers India subsidiary will continue operating under its existing structure and from its existing headquarters location in Mumbai.

Adidas elevates India head Dave Thomas, assigns him to look emerging markets

He is replacing Martin Shankland, who has been elevated to the Adidas executive board responsible for global operations effective.

A gift from Adidas: Swapna Barman gets customised shoes to fit 12-toed feet

Barman was born with six toes in both feet which made it difficult for her to fit into regular shoes.

Brand Titan is top of the pops in terms of growth but all brands are growing: Bhaskar Bhat

Benefits of formalisation of economy are disproportionately in our favour, says Titan MD

Gucci-fever helps Kering beats sales forecast in Q4

Kering said sales rose 21.4 percent year-on-year to 4.26 billion euros ($5.25 billion) between October and December, up 27.4 percent on a comparable basis.

Luxury spending in India sees a 4% growth rate from 2013 to 2018

Demand is expected to be strong owing to country’s favourable demography & long-term economic prospects.

Titan ties up with American watchmaker FTS

As part of the partnership, Titan will further extend its support to FTS by supplying quartz movement kits and training the US engineers.

Adidas says supply chain problems to rein in sales growth

Adidas said currency-neutral sales growth would slow to between 5 and 8 percent in 2019, from 8 percent in 2018, with supply issues accounting for a 1-2 percent fall as it struggles to meet strong demand for mid-priced apparel.

PC Jeweller gets board's nod for export division demerger

The export division's turnover stood at Rs 2,690.37 crore as on March 31, 2018, which is 28.35 per cent of PCJL's turnover.

Leather brand Kompanero to open exclusive stores in Europe

The company already has a presence in Europe, Japan, and Korea via distribution networks.

VOI Jeans India to double its revenue to Rs 100 cr in 2 years

The company will also invest Rs 20 crores in the next two years to open 20 exclusive outlets as well as for growing the business.

Now, Kohli's athleisure brand scores a century

Kohli gets to keep 10% of that amount as royalty according to the terms of the agreement with Puma, said sources.

ABFRL Q4 net profit up 79% to Rs 203 cr

The company has reported a 9 percent increase in revenue from Rs 1,754 crore to Rs 1,915 crore, with a decline in EBITDA in Q4 FY19 due to rise in marketing spends.

Ralph Lauren's N.America woes cloud profit beat, shares down nearly 8%

Same-store sales in North America recorded its sixth quarter of decline in the last two years, falling 4% in the fourth quarter ended March 30.

Growth is going to come from both premium segments and move into tier 3, tier 4 towns: Sandeep Kataria, Bata India

“We have also been able to improve our operating margins by more than a 1%."

JD Sports posts higher FY profit in tough retail space

The company has bulked up over the past year with the purchase of U.S.-based Finish Line and smaller rival Footasylum, and has gained from the "athleisure" trend, which sees people sporting gym clothes at work, school and other social occasions.

Shoe store charges Rs 3 for bag, fined Rs 9,000

The firm was directed to refund Rs 3 wrongly charged for the paper carry bag; pay Rs 3,000 as compensation for mental and physical harassment.

Italian denim brand Replay to open 4 stores this year

The brand’s offerings in the Indian market include a wide range of denim, casual wear, footwear and accessories for men and women.

How Radhika Piramal is steering VIP Industries towards bigger and global roads

Piramal’s daughter Radhika must be given the credit for creating VIP Industries as it looks today.

Richemont posts solid watch and jewellery sales for its full year

Net profit at Richemont more than doubled to 2.79 billion euros ($3.12 billion) in the full year, primarily due to an extraordinary gain of 1.38 billion euros linked to its Yoox Net-A-Porter Group (YNAP) acquisition.

Textiles major Arvind reports muted revenue growth in Q4 FY19

"Denim volumes were lower by 30 lakh metres in the year-on period although they grew by the same number compared to sequential quarter," it said in a statement.

Racism row: After 'Blackface' sweater, Gucci faces Twitter ire for selling 'Indy Full Turban' at $790

The turban has also caught the attention of Twitter users for its high price.

Raymond Weil expects India to be among top 5 market globally in next 4-5 years

Raymond Weil sees huge 'potential' in the Indian market, which ranks around 12 to 13 in its overall global sales, said Raymond Weil Director Olivier Bernheim.

Scorching summer could not cut it for the sunglass division of Titan Eyeplus

“Sunglasses form one-third of our sales. Our country is hot and humid but the penetration of sunglasses is still low. The year-on-year growth is a high single digit. There is still snob value attached to wearing a sunglass,” said Gupta.

From LVMH to Gucci, billionaires come to Notre-Dame's rescue; questions about needy, taxes arise

More than $960 million has come in from French families and international corporations.

3 Indian cos among global fastest growing luxury brands: Report

According to the report, Titan had a sales growth of 23.6 percent in the financial year 2017 and a CAGR of 19.7 percent between the financial year 2015-17, emerging as the fourth fastest growing global luxury goods company.

The key to luxury experiences is story telling: Manmeet Vohra

Manmeet Vohra is a leading name in the luxury and lifestyle industry.

Fashion company Nine West files amended bankruptcy plan

Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it will also receive a three-year purchase commitment from Belk Inc for an assortment of merchandise across the company's businesses.

High-end fashion trumps jewellery spending in 2018

Affluent Indians' spending on high-end fashion and electronics has grown, and even surpassed jewellery spends, finds a report.

JD Sports to buy Footasylum at half its float price

Footasylum shares jumped 74 percent on Monday, trading slightly below JD's all-cash offer price of 82.5 pence per share. The company's initial public offering was priced at 164 pence in November 2017.

How Sivaramakrishnan Ganapathi knit the biggest revival story of India’s apparel export industry

Gokaldas Exports was once a cautionary tale — of a high profile private equity buyout gone wrong. By sticking to its knitting, it now appears to have turned a corner under a new owner.

Back to the future: Puma revamps 32-year-old RS-Computer shoe

The newer version retains the predecessor’s look.

Adidas appoints new General Manager for India

Singh has been with Adidas for over 14 years, most recently as senior vice president of Global DTC & Franchise.

Indian Terrain signs MS Dhoni as brand ambassador

"Our brand is represented by the ‘Spirit of Man’ logo and we believe that Mahendra Singh Dhoni truly exemplifies all the attributes that our brand stands for," company's Founder Chairman said.

Puma edges past rivals in India sales to emerge as top sportswear brand

Puma reported sales of Rs 1,157 crore for a period of 12 months ending December 2018 up from Rs 958 crore for the corresponding period a year ago. India is the only market globally where the German sports lifestyle brand has surged ahead of sportswear giants such as Nike and Adidas.

Puma goes up-market with joint collection with Porsche

Puma announced it was replacing German rival Adidas as Porsche's partner last month, and they presented the first shoes and garments at an event at a nightclub in Berlin on Thursday, which will go on sale on March 1.

Nike stumbles into social media storm after basketball star's shoe splits

Zion Williamson, a 6-foot-7-inch freshman forward for the Duke Blue Devils who is anticipated to be the top 2019 NBA Draft pick, suffered a mild sprain to his right knee because of the incident, according to his coach Mike Krzyzewski.

This hi-tech shoemaker shows the way to visually challenged

‘LeChal’, according to Krispian, helps the visually impaired navigate with the help of high-end sensors and vibration motors embedded inside the pods of soles that guide the wearer in the right direction.

Crocs doesn't see local manufacturing viable in India

Teffner's statement echoes with several other foreign footwear and apparel brands that have localised manufacturing of products that can easily be made in India. For the more premium part of their portfolio that requires hi-tech manufacturing processes, these companies still rely on imports.

India among top 6 markets for Crocs: CFO Carrie Teffner

“India will grow as one of the top-tier markets because we know the potential here is fantastic,” Teffner said in an interview with ET here on Tuesday. Globally, Crocs sells 55 million pairs of footwear every year.

Will India’s diamond cutting operations shift to Israel, Belgium?

India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the world are polished here.

Pride and pique as Louboutin takes Pakistan 'chappal' global

A post on French shoe designer Christian Louboutin's Instagram last month announcing the release of the shoe sparked a social media frenzy in Pakistan, with fans praising homage to the country's rich artisan traditions- and critics rolling their eyes. The "Imran"-a flamboyant sandal with metal stud is inspired by the country's traditional Peshawari chappal.

Onitsuka Tiger targets 12 stores in India by 2020

As per its strategy, it will build up a sales network by adding 3-4 stores every year on franchise model to cash in on increasing and growing appetite for luxury things.

India in the top five markets for Spanish luxury brand Lladro

The Valencia-based brand entered India 13 years ago with limited edition sculptures of Hindu gods and classic pieces like cherubs and ballerinas

Nike is no. 1 in the global sneaker market

Nike is number 1 in the global sneaker market with sales of $22.3 billion. It is followed by Adidas and Asics.

Nirav Modi, Mehul Choksi's 13 luxury cars on auction

Thirteen luxury cars owned by fugitive diamantaires Nirav Modi and his uncle Mehul Choksi went on online auction by the Metals & Scrap Trading Corporation, here on Thursday.

Gold rises Rs 150 on jewellers' buying, weak rupee

Traders said besides increased buying from local jewellers, a depreciating rupee which slumped to Rs 70 against the dollar aided the uptrend.

Forget pens and t-shirts, PM Modi jewellery sparkle this season

Rajkot jeweller says he’s already got orders for 4,000 rings from retailers.

Mehul Choksi seeks dismissal of ED plea to declare him as fugitive

In a petition filed Wednesday through advocate Vijay Aggarwal, he said he was unable to return to India due to persistent health problems.

WK lifestyle to enter Indian mobile phone accessories market

"We are planning to open around 200 stores in the next two years," WK lifestyle India Director Rohit Sahni told .

Crocs to cross 100 stores mark in India

India is one of the fastest growing markets for Crocs and sixth largest globally and the company is turning towards India to fuel its next phase of growth.

Under Armour to open 10 stores in India this year

The company believes that it was the right time for them to enter the Indian market.

Nirav Modi's bail application rejected by London court

The 48-year-old is been behind bars at Wandsworth prison in south-west London since his arrest last month​​.

Trade bodies make conflicting remarks on raids involving hallmarking

An official in BIS’s Delhi headquarters said he was not aware about any such raids.

Nirav Modi to appear for remand hearing via videolink from jail on Friday

The hearing this week takes place as per the 28-day time frame for judicial remand in such cases.

Sneaker Speak style culture giving a push to premium sneaker market in India

The country is seeing a rise in the subculture of sneakerheads — people who collect, trade or admire sneakers.

World's 'most expensive' pair of shoes has arrived, for Rs 123 cr!

The pair is created in collaboration with UAE-based brand Passion Jewellers.

India can be one of the fastest growing markets for Under Armour: COO

The company will be opening 10 stores in the country during the first year and will assess the roadmap for expansion after seeing the growth. The company believes that it was the right time for them to enter the Indian market.

We will continue to be associated with cricket, no intent to scale back: Dave Thomas, MD, Adidas-India

The new stores are bigger and better. Our online business is growing at a healthy pace. It is a fast-growing channel.

Liberty shoes forays into lifestyle retail

Liberty Lifestyle has introduced its first range of perfumes, commencing its entry into fast growing fragrances segment, the company said in a statement.

Why luxe brands are all using the same font

Shortly before London Fashion Week, Burberry Group Plc unveiled a new version of its logo before the first runway collection under new Chief Creative Officer Riccardo Tisci.

Lululemon posts strong sales, tops estimates in 4Q

The Vancouver, British Columbia-based company said it earned net income of $218.5 million, or $1.65 per share, in the fourth quarter. Earnings, adjusted for pretax expenses, came to $1.85 per share.

The focus will be on entering new markets in Southeast Asia: Dilip Kapur, Hidesign

Spread over two levels, the Sarajevo store exudes the values of Hidesign: luxury, heritage, craftsmanship, and warmth - all of it natural.

Brazilian slipper brand Havaianas to invest $20 mn in India

Havaianas plans on aggressively focusing on 10 top cities to speed up the distribution and achieve its full potential.

India had higher sales growth than our global average in 2018: says Monachon, VP-Omega

Jean-Claude Monachon, vice president of Omega and head of product and customer service, engages in a quick chat about the Swiss watchmaking company’s performance in India during his recent visit to Bengaluru to launch a line of women’s timepieces.

Ikea to set up centralised call centre in Hyderabad

Antoni said Ikea will also be setting up its centralized distribution hub on Pune’s outskirts to cater to all its India stores. While to begin with, a nearly 200,000 sft leased warehouse will open in Pune by October-November 2017.

Ikea to open India distribution centre in Pune by December

The one-lakh square feet warehouse will supply Ikea products to all the upcoming stores in the country. The company plans to open 25 stores.

De Beers to invest $140 million for marketing in India, US, China

The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets like US, China and India.

DLF Brands to close down women’s accessories brand Claire’s in India

The company has filed for Chapter 11 in the US and that is the reason we are closing the stores, said Timmy Sarna, chief executive of DLF Brands.