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E-tailers say offline peers should also come under draft e-commerce policy

Attended by representatives of Amazon India, MakeMyTrip, Paytm, Snapdeal, Netflix and others, the industry executives have suggested to the government saying current draft should be split in two broad parts--commerce and data separately, people present in today's meeting said.

Startups mop up $7 bn from PEs, VCs in 2018

The report covers sectors such as travel and hospitality, edutech, payments and wallets, fintech and healthtech, among others, as part of the e-commerce and consumer internet segment.

Alibaba invests $693 mln for stake in Chinese courier STO Express

Shares in STO Express shot up when trading opened and immediately hit the upper 10 percent limit on the Shenzhen Stock Exchange, according to Refinitiv data.

Amazon drops products from its desi Global Store

Indian consumers will find it hard to buy goods from the US directly via Amazon’s Global Store in India because of the recent FDI norms for online retailers

VCs click on smaller, niche e-tailers

VC firms like SAIF Partners, Sequoia Capital India and Matrix Partners India are making about half a dozen early bets on a new set of e-commerce companies

Amazon lifts restriction on sellers criticized as anti-competitive: Source

Amazon had enforced its policy in the past by threatening to remove merchants who violated the contract clause

Snapdeal, Shopclues, others form lobby group

The founding members also include digital-first fashion brands like Bewakoof, Breya and Rustorange.

Telcos ask etailers to stop sale of signal boosters

COAI has noted that the specifications of boosters and repeaters sold online claim that these devices enhance signals across the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz licensed spectrum bands.

Average ecomm salary hikes set to go down in 2019

Compensation experts Aon, Willis Towers Watson and Mercer estimate average hikes at India’s ecommerce and startup companies in 2019 to be between 9.5 and 11.5%

Flipkart's biggest backer Lee Fixel to quit Tiger Global after 13 years

Lee Fixel, who joined Tiger Global in 2006, will invest his own money and "may start an investment firm in the future,"

Sonia Dhawan gets bail in PayTm case; Court says don't pressurise witnesses

Dhawan pleaded that the other two co-accused say Roopak Jain and Devendra Kumar have already been given bail.

Draft e-commerce policy will wreak havoc on Indian startups

The policy will end up harming startups, raising market entry barriers and preventing them from innovation.

Lee Fixel to leave Tiger Global, set to hunt alone in India and beyond

Lee Fixel was the most important investor in Flipkart, working through close aide Kalyan Krishnamurthy.

Enforcement Directorate probing if Amazon, Flipkart violated foreign exchange law, High Court told

Investigation has been initiated against e-commerce giants Amazon and Flipkart for alleged violation of foreign exchange law, the Enforcement Directorate (ED) Monday informed the Delhi High Court.

Amazon's second headquarters clears blocks in Virginia funding vote

Amazon in February abruptly scrapped plans to build part of its second headquarters in the New York borough of Queens after opposition from local leaders angered by incentives promised by state and city politicians.

Did American tabloid pay $200K to Lauren Sanchez's brother for private Jeff Bezos texts?

Bezos has said AMI threatened to publish explicit photos of him unless he stopped investigating.

Instagram moves into e-commerce with shopping button

"We're introducing Checkout on Instagram," the Silicon Valley based division of Facebook said in an online post.

Robots help Flipkart sort packages to streamline supply chain

The robots, dubbed automated guided vehicles (AGVs), pick products from a conveyor belt, scan them and then drop them down a chute that’s assigned to a particular pin code.

PhonePe unveils Rs 500 crore marketing push, its largest yet

PhonePe will be one of the broadcast co-sponsors of the Indian Premier League (IPL), for which it has spent over Rs 100 crore. It has also roped in actor Aamir Khan as its brand ambassador.

Amazon to introduce mobile ads, in a threat to Google, FB

Amazon has hit on a new way to grab a chunk of the $129 billion digital advertising market now dominated by Google and Facebook: sell video spots on the e-commerce giant’s smartphone shopping app.

Kalyan Jewellers aims 25 pc revenue growth from jewellery advance purchase schemes

"Kalyan Jewellers is eyeing significant growth in its base of jewellery purchase advance scheme. ...We believe that there is a potential to grow our revenues from our jewellery advance schemes by 25 per cent," the company's Executive Director Rajesh Kalyanaraman said in a statement.

Nirav Modi invested PNB scam funds in US firm he bought in 2010

ED officials said Nirav purchased Bailey Bank & Biddle through a shell company and his brother Nehal was made one of the directors in the jewellery retailer.

Exports of gem and jewellery declines by 1.59%

Exports of gem and jewelley has fallen by 3.64% to $36.03 billion in the period April to February of FY19.

Nirav Modi entered UK on investor’s ‘golden visa’

Sources told TOI that Nirav Modi flew in from New York towards the end of February — after the Rs 13,000 crore PNB scam had blown up and he was spotted at a luxury hotel in New York. Modi’s passport was revoked in February, but the golden visa was, apparently, issued a few years ago. Revocation of passport does not affect the validity of visa.

PNB fraud: Mumbai court issues non-bailable warrant against Nirav Modi's wife

The warrant against Ami Modi was issued by Special Prevention of Money Laundering Act (PMLA) Judge M S Azmi after he took cognisance of the supplementary chargesheet filed by the Enforcement Directorate (ED) against Nirav Modi (48) and other accused a few days ago.

GJEPC asks banks to adopt its KYC databank to finance diamond trade

It also culls news appearing about its members on a daily basis giving banks more teeth to disburse.

UK court issues arrest warrant against Nirav Modi: Officials

The ED and the CBI are investigating Modi, his uncle Mehul Choksi and others in the $2 bn PNB scam case.

Cornered in UK, Nirav Modi’s arrest imminent

There is no danger of him leaving the UK in the meantime as he does not have any travel documents. He won’t be arrested till the UK authorities get these documents that the CBI and ED are bringing,” the government source added.

ED to sell 173 paintings, 11 vehicles of Nirav Modi

The ED will put on sale the 173 paintings of Modi which are valued at Rs 57.72 crore and eleven vehicles that include Rolls Royce, Porsche, Mercedes and Toyota Fortuner.

Nirav Modi arrested in London but may get bail like Vijay Mallya

Nirav Modi is likely to get a bail but authorities in UK might put conditions on his movement.

PNB scam: Nirav Modi arrested in London

The United Kingdom had responded to a Red Corner Notice issued by the agency against Nirav Modi last year, they added. The RCN was issued in June 2018 on a request from the agency to the Interpol.

Silver demand to hit 4-year high on cash payout to farmers

Purchases are set to rise to about 6,590 tonnes, beating the 6,442 tonnes bought in 2018 and marking the best year since record consumption in 2015, Chirag Sheth, an analyst for the London-based research firm, said in an interview in Mumbai. Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.

CBI making all efforts to get Nirav Modi extradited from UK

The CBI and the ED are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption

Nirav Modi to be held in one of England's most overcrowded jails

Nirav Modi will be lodged at the prison until he appears for his first case management hearing on March 29

Nirav Modi arrested from London while trying to open bank a/c

A London court on Wednesday rejected the bail application of fugitive diamantaire Nirav Modi and termed him a flight risk after he was arrested a day earlier from a bank here.

Nirav Modi’s extradition case may move much faster than Vijay Mallya’s

CBI and Enforcement Directorate officials expect the process of Nirav Modi’s extradition to be a “much faster” affair than the exercise to bring back Vijay Mallya and feel it should not take more than six months

Nirav Modi's surrender plan hatched with Mallya lawyer goes awry

Nirav Modi through his lawyer Anand Doobay had set up an appointment at 9am on March 25 at a central London police station.

Remanded till March 29, Nirav Modi spends Holi in overcrowded jail

Fugitive diamond merchant Nirav Modi, arrested here on fraud and money laundering charges, spent Holi on Thursday behind bars in one of England’s most overcrowded jails.

From plastic surgery to citizenship of Vanuatu: Fugitive Nirav Modi planned it all

The controversial diamond trader fled the country along with his uncle Mehul Choksi in January 2018 after cheating Punjab National Bank of Rs 13,578 crore.

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.

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.

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.

Dress like Kendall or Kylie: Forever 21 launches exclusive Jenner collection in India

It is time to bring back the grunge with Kendall and Kylie's off-duty collection.

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,

VisionNxt initiative to help handloom sector make products as per market requirement: Textiles Minister

Textiles Minister Smriti Zubin Irani Tuesday launched three projects of National Institute of Fashion Technology (NIFT) including VisionNXT, a trend forecasting initiative.

India's apparel exports estimated to de-grow by 4-5% in FY2019

Going forward, steps taken by the Government of India to address the challenges will remain crucial for a broad-based recovery across the sector.

Classic white sneakers are back in vogue

Classic white sneakers are back, with their cachet and business booming in India on the strength of renewed love for retro.

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.

Trump targets Nike as Kaepernick ads spark boycott calls

The footwear and apparel maker's campaign this week further stoked a national debate over social justice that Kaepernick and other NFL players sparked with their protests aimed at addressing police brutality against minorities, racial injustice, and reforming the criminal justice system.

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.

Government clears scheme to rebate central, state embedded taxes for textiles sector

The decision was taken at a meeting of the Union Cabinet chaired by Prime Minister Narendra Modi here.

Grasim to buy Soktas from Turkish promoters

The unit, Soktas India, sells fabrics under three names — Soktas, Giza House and Excellence by Soktas — and has a 10-million-metre manufacturing facility in Kolhapur. In fiscal 2018, Soktas India reported an operating profit of Rs 31 crore on a revenue of Rs 186 crore. The purchase will be financed through internal accruals.

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.

Adidas rejigs ops in India to bring down cost

Apart from shutting down non-performing stores, the world’s second-largest sportswear firm has also moved key verticals, including Originals, Football and Premium Running out of India to places like Dubai, said sources.

Reliance plans major expansion of fashion store business

Reliance's plans to diversify into e-commerce and expand in fashion come on the heels of India's new foreign investment curbs that have dealt at least a temporary blow to Amazon and Flipkart.

Arvind Fashions jumps 5% over its listing price of Rs 591.75

The retailer has a strong portfolio of fashion brands, which predominantly focuses on men casuals.

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.

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.

Is organic apparel next big thing in global market?

The United States and Europe are major markets of organic apparels for Indian textile manufacturers.

Crocs to outsource manufacturing of clogs, other footwear

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

Global sportswear giants reduce cricket spends

Sponsoring a bat can cost a company anywhere between Rs 50 lakh for a rookie to around Rs 6-8 crore for a toplevel cricketer such as Indian skipper Virat Kohli.

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.

Kalyan Jewellers aims 25 pc revenue growth from jewellery advance purchase schemes

"Kalyan Jewellers is eyeing significant growth in its base of jewellery purchase advance scheme. ...We believe that there is a potential to grow our revenues from our jewellery advance schemes by 25 per cent," the company's Executive Director Rajesh Kalyanaraman said in a statement.

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.

Levi Strauss seeks $6.2 billion valuation in market return

The company, which has 385.5 million shares outstanding, said it expects to offer 36.7 million shares priced between $14 and $16 per share.

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.

Nirav Modi invested PNB scam funds in US firm he bought in 2010

ED officials said Nirav purchased Bailey Bank & Biddle through a shell company and his brother Nehal was made one of the directors in the jewellery retailer.

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.

Zara owner Inditex reports 2 percent rise in full-year profit

The world's biggest clothing retailer reported profits of 3.44 billion euros ($3.88 billion) on sales of 26.15 billion euros, slightly lower than analysts' expectations.

Walmart's Jet.com to offer Nike products in bid for urban consumers

Jet's relationship with Nike is less about the Nike product and more about how consumers go about discovering a sneaker or running shoe, Jet executives said.

Leather brand Kompanero to open exclusive stores in Europe

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

Exports of gem and jewellery declines by 1.59%

Exports of gem and jewelley has fallen by 3.64% to $36.03 billion in the period April to February of FY19.

Myntra shutters two loss-making offline stores in Mumbai, Bengaluru

The closure of the loss-making stores is part of Myntra’s change in strategy after Walmart acquired parent Flipkart Group for $16 billion.

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.

Nirav Modi entered UK on investor’s ‘golden visa’

Sources told TOI that Nirav Modi flew in from New York towards the end of February — after the Rs 13,000 crore PNB scam had blown up and he was spotted at a luxury hotel in New York. Modi’s passport was revoked in February, but the golden visa was, apparently, issued a few years ago. Revocation of passport does not affect the validity of visa.

Japanese lingerie brand Wacoal to invest Rs 100 cr in 3 years

Wacoal will take the number of its exclusive stores in the country to 70 by 2021 while adding another 80 stores in the shop-in-shop format.

India to be the fastest growing market for Montblanc

Despite challenges in locating premium real estate in tier 2 cities for expansion, Montblanc’s sales in smaller towns have been growing through its joint venture with Indian watchmaker Titan and new ecommerce channels.

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%."

Payless ShoeSource to shutter all of its remaining US stores

The debt-burdened chain filed for Chapter 11 bankruptcy protection in April 2017, closing hundreds of stores as part of its reorganization.

PNB fraud: Mumbai court issues non-bailable warrant against Nirav Modi's wife

The warrant against Ami Modi was issued by Special Prevention of Money Laundering Act (PMLA) Judge M S Azmi after he took cognisance of the supplementary chargesheet filed by the Enforcement Directorate (ED) against Nirav Modi (48) and other accused a few days ago.

Grasim gets Rs 5,872 cr tax demand on its mega merger

The company said that the tax demand is not tenable in law.

Louis Vuitton removes Michael Jackson-inspired pieces from 2019 menswear collection

The French fashion house has decided to no longer producer pieces from the autumn/winter collection.

Saks Fifth Avenue sets up 1,000-seat centre in India

The company's top executives, including chief accounting officer Todd Eugene Zator and chief human resources officer Janis Hamilton Leigh, have made several trips to the country to finalise the details of the centre, sources told TOI.

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.

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.

Arvind Ltd forays into waste-water management business

The Components and Spares vertical includes the products or technologies used in the creation and maintenance of an efficient waste water treatment system.

Adidas will open bigger stores in India

According to Thomas, consumers want to come and spend more time in the bigger stores because there is more to see, more to buy and more to experience. Hence the decision was made to open bigger store format for Adidas.

Adidas signs endorsement deal with athlete Hima Das

Das will now be equipped with the very best offerings from Adidas for her racing and training needs, the company said.

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.

GJEPC asks banks to adopt its KYC databank to finance diamond trade

It also culls news appearing about its members on a daily basis giving banks more teeth to disburse.

UK court issues arrest warrant against Nirav Modi: Officials

The ED and the CBI are investigating Modi, his uncle Mehul Choksi and others in the $2 bn PNB scam case.

Cornered in UK, Nirav Modi’s arrest imminent

There is no danger of him leaving the UK in the meantime as he does not have any travel documents. He won’t be arrested till the UK authorities get these documents that the CBI and ED are bringing,” the government source added.

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.

Fashion meets politics: How Modi jackets are creating a storm this election season

Bandhgala jackets with PM Narendra Modi or Rahul Gandhi's face printed on them are becoming a rage.

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

The newer version retains the predecessor’s look.

ED to sell 173 paintings, 11 vehicles of Nirav Modi

The ED will put on sale the 173 paintings of Modi which are valued at Rs 57.72 crore and eleven vehicles that include Rolls Royce, Porsche, Mercedes and Toyota Fortuner.

Nirav Modi arrested in London but may get bail like Vijay Mallya

Nirav Modi is likely to get a bail but authorities in UK might put conditions on his movement.

PNB scam: Nirav Modi arrested in London

The United Kingdom had responded to a Red Corner Notice issued by the agency against Nirav Modi last year, they added. The RCN was issued in June 2018 on a request from the agency to the Interpol.

Silver demand to hit 4-year high on cash payout to farmers

Purchases are set to rise to about 6,590 tonnes, beating the 6,442 tonnes bought in 2018 and marking the best year since record consumption in 2015, Chirag Sheth, an analyst for the London-based research firm, said in an interview in Mumbai. Silver prices in India have been relatively stable for the last two years, and are about half their 2011 peak.

CBI making all efforts to get Nirav Modi extradited from UK

The CBI and the ED are investigating Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption

Denim is back: Levi Strauss IPO is getting investor 'Likes'

The jeans maker is offering shares at $14-16 each in an IPO that’s expected to price on Wednesday.

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.

Nirav Modi to be held in one of England's most overcrowded jails

Nirav Modi will be lodged at the prison until he appears for his first case management hearing on March 29

Nirav Modi arrested from London while trying to open bank a/c

A London court on Wednesday rejected the bail application of fugitive diamantaire Nirav Modi and termed him a flight risk after he was arrested a day earlier from a bank here.

Nirav Modi’s extradition case may move much faster than Vijay Mallya’s

CBI and Enforcement Directorate officials expect the process of Nirav Modi’s extradition to be a “much faster” affair than the exercise to bring back Vijay Mallya and feel it should not take more than six months

Baggit to commence retail growth journey in Tier II, III cities

Currently holding 52 exclusive Baggit stores and 1000+ retail doors via large format stores and multi-brand outlets, the online retailer is keen to open a lot more outlets in each city of India

Adidas India to open 4-5 stadium inspired outlets this year

This format is available globally in countries such as US, UK, France, Japan and South Korea.

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.

Nirav Modi's surrender plan hatched with Mallya lawyer goes awry

Nirav Modi through his lawyer Anand Doobay had set up an appointment at 9am on March 25 at a central London police station.

Remanded till March 29, Nirav Modi spends Holi in overcrowded jail

Fugitive diamond merchant Nirav Modi, arrested here on fraud and money laundering charges, spent Holi on Thursday behind bars in one of England’s most overcrowded jails.

From plastic surgery to citizenship of Vanuatu: Fugitive Nirav Modi planned it all

The controversial diamond trader fled the country along with his uncle Mehul Choksi in January 2018 after cheating Punjab National Bank of Rs 13,578 crore.

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.

Ted Baker caps off tough year with first profit drop in a decade

Ray Kelvin, who developed the Ted Baker brand and had been CEO since the company's launch in 1988, resigned last month after an investigation into "forced hugging" and "a culture that leaves harassment unchallenged."

One more time: Levi Strauss goes public again

In a rare move, the New York Stock Exchange suspended its "no jeans" policy on Thursday to commemorate the event, transforming the floor from suits and ties into a sea of blue denim, with its traders sporting jeans and denim jackets.

HC asks Vijaypat Singhania not to release autobiography till March 25

"...I deem it appropriate to request the civil judge of Thane to hear the suit and all applications filed therein seeking interim reliefs on March 25," Justice Shinde said.

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.

Liberty scion drags father, others to court over property

The 30-yr-old is demanding additional stake in all properties and assets of Liberty Footwear Group Company and HUFs, which have substantial holdings in Liberty Shoes and Liberty Footwear group firms.

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.

Naukri.com invests Rs 3 crore in ShoeKonnect

The funding will be deployed for strengthening its technology base to scale up operations and expansion in terms of the userbase of footwear buyers and sellers across India.

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

Alcis Sports inks tie-up with FIFA

Alcis Sports, a flagship entity promoted by casual and sportswear maker Paragon Apparel, manufactures for categories including running, training and sports.

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.

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.

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.

Bang & Olufsen partner to beef up luxury portfolio with new brands

​​The company will launch Louis Vuitton Moet Hennessy's subsidiary brand Berluti Paris by November this year, besides bringing in UK-based cosmetics brand Molton Brown.

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.

Nike returns to growth in North America, tops estimates

Nike has responded with an emphasis on new launches and selling directly to customers through its stores and online, while also partnering with Amazon.com Inc.

Ikea to make India manufacturing hub for sofas, furniture

One of the ways how Ikea plans to reduce prices of its products in India is by exporting locally-made products to its global stores to achieve economies of scale. Although the company has been sourcing from the country for 30 years for its stores worldwide, textiles constituted 70% of its exports.

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.

Kendall & Kylie Jenner unveil an affordable line of handbags and accessories

Their accessory line features 42 styles of fanny packs, backpacks and satchels.