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Myntra Jabong CEO Ananth Narayanan steps down

Narayanan is in discussion with Star TV-owned digital content streaming platform Hotstar for the role of CEO, sources quoted by media reports said.

Paytm to get into content space, launch video streaming service

Paytm, backed by global giants like Alibaba and Softbank, is now looking to build a content war chest to take on rivals Amazon and Flipkart and will launch an over-the-top (OTT) service.

Changes to FDI policy unclear, don’t help the cause of startups: Peyush Bansal, founder, Lenskart

Bansal said his company is not impacted by the December policy as his company is a manufacturer and Lenskart produces its own eyewear brands.

In 2019, Flipkart, Ola, e-grocers will all have to do biz differently

. Entering new product categories and geographies is also going to be a key theme for 2019.

John Jacobs aims to clock Rs 500 cr revenue by Mar '21

The brand, which has eight stores currently in Delhi, Pune and Bengaluru, will add six more in the next two months and aims to set up about 50 stores by March 2021.

Amazon has 1,300 vacancies in India, highest in Asia-Pacific

Across different businesses and various roles, including technology, Amazon has almost 1,300 openings in India. China has 467 job openings and Japan 381. Australia and Singapore follow with 250 and 174, respectively.

Myntra’s CEO Ananth Narayanan in talks for top role at Hotstar

Along with Narayanan’s stepping down, Flipkart is expected to announce the appointment of Amar Nagaram in a newly-created role of chief technology and product officer (CTPO).

Amazon France under fire for destroying unsold goods

Brune Poirson, a secretary of state for France's ecological transition, said after the broadcast late Sunday that she was "shocked" by the allegations and would render businesses "responsible" for such practices.

Indonesia cracks down on e-commerce to raise tax collection

The tax department said an online seller that makes at least 4.8 billion rupiah ($339,943) in turnover must charge value added tax to customers and pay this to the authorities.

Etail may lose Rs 40,000 crore, retail to get a 3rd of it

Brick and mortar retailers could see revenue growth increase an additional 150-200 basis points (bps) in fiscal 2020, as online players re-engineer business models to conform to the revised and more stringent regulations.

Amazon food biz to log off if new rules remain on menu

This would be a blow for the initiative as Amazon was the only foreign retailer to have committed investment in the food retail segment.

Ecomm firms lobbying hard, govt should probe their biz: CAIT

It also demanded that the government should make it mandatory for the ecommerce companies to obtain a compliance certificate as on March 3, 2019 and the companies that do not have the certificate should be restricted to operate their ecommerce portal any more.

Amazon ambassador, author, philanthropist: Who is MacKenzie Bezos?

Mackenzie was an integral part of Amazon's origin story, driving to Seattle in 1994 while Jeff Bezos sat in the passenger seat.

CCI dismisses Snapdeal's complaint against KAFF on minimum resale price

The fair trade regulator dismissed the complaint by Jasper Infotech Pvt Ltd, which owns and operates e-commerce platform Snapdeal.

Defer implementation of revised FDI norms for e-commerce: IAMAI to govt

It said it would not be possible for online retailers to comply with the norm which is related to 25 per cent cap.

Flipkart's bid to contain impact of new laws

. Sources said it is in talks with a bunch of entrepreneurs/startups who can set up retail entities to sell on Flipkart. It is also said to be talking to its existing base of smaller sellers to increase their exposure to the etailer's platform.

Amazon, Flipkart seek more time to comply with new FDI policy

Ecommerce cos say absence of prior consultation with stakeholders will delay compliance

Flipkart India gets Rs 1,431 cr in fresh capital from parent entity

Flipkart’s parent firm was issued 4.86 lakh shares in Flipkart India on Jan 7 at Rs 29,400 a share

Star fashion brands in an ecommerce knot

Hrithik Roshan’s HRX, Deepika Padukone’s All About You, Saif Ali Khan’s House of Pataudi and Alia Bhatt For Jabong to be hit as Myntra and Jabong hold stakes in them.

E-commerce curbs could hit online sales by $46 billion by 2022: PwC

Besides reducing sales, the new e-commerce rules could lead to the creation of 1.1 million fewer jobs.

PNB scam: ED attaches Thailand factory of Mehul Choksi's group company

Officials said ED investigators will soon get issued Letters Rogatories (judicial requests) for legal formalisation of the attachment of the foreign based asset.

Nirav Modi terms PNB scam 'civil transaction'

Nirav ​​Modi filed a response before the PMLA court opposing the ED’s complaint to have him declared a “fugitive economic offender” under the Fugitive Economic Offenders Act.

No mechanism to fix single daily price for gold in India: Government

"Gold is widely traded in local markets across the country. At present, there are no specific measures or mechanism to fix a single daily gold price in the country," minister of state for consumer affairs C R Chaudhary said in a written reply to the Rajya Sabha.

Can't return for safety concerns, case politicised: Nirav Modi

Nirav Modi feared for his safety given the violent threats made against him "as illustrated by the burning of his effigies", the reply said.

Gems, jewellery exports decline 6.77% in Apr-Nov 2018: GJEPC

The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.

Demonetisation, GST hit growth in gold jewel industry: Council

Lifestyle of the younger generation, who opted more for travelling and automobiles, has applied a brake on the jewellery business, chairman of Gem and Jewellery Domestic Council (GJC) Ananth Padmanabhan told.

Gold loses sheen as prices rise and farmers face cash crunch

Spot gold was up about 0.4% at $1,290.42 per ounce. In the Indian market, gold price (without GST) was hovering around Rs 31,800 per 10 gm.

PNB scam: CBI may send team to Antigua and Barbuda for Mehul Choksi

The twin Carribean island nation had recently assured verbally that they were willing to expedite the extradition of jeweller Mehul Choksi, who is an accused in the case, sources said.

Strict bank rules force changes in diamond trade practices

As per the latest rules by SBI, advance payments for procurement of rough diamonds will be permitted to only mining companies as per the list approved by the RBI and Gems & Jewellery Export Promotion Council.

GJEPC unveils Parichay Card in Kolkata aimed at workers engaged in gem and jewellery sector

The Gem & Jewellery Export Promotion Council (GJEPC) on Friday unveiled the Parichay Card in Kolkata which is aimed at workers, artisans and craftsmen engaged in the gem and jewellery sector in West Bengal.

Gold remains higher on positive global cues, wedding demand

Silver, too, scored gains on increased offtake by industrial units and coin makers.

Nirav Modi's bungalow: High Court questions ED's request to stay demolition

A division bench of Chief Justice N H Patil and Justice N M Jamdar was hearing a public interest litigation (PIL) filed in 2009 by Shambhuraje Yuvakranti of the Akhil Bhartiya Maratha Seva Sangha on the issue.

India wrote to UAE in August on Nirav Modi's extradition: Minister

India requested Belgium in October to extradite Nirav Modi’s brother, Neeshal Modi.

Titan Company could glitter more than star consumer companies

Stricter compliance norms have helped Titan gain market share in the jewellery business.

Diamond, gold jewellery exports to US witness surge in Apr-Oct

Industry sources said the US is the largest consumer for low-quality and small diamonds, manufactured in India.

New gold policy likely soon; looking at all aspects of yellow metal: Suresh Prabhu

"We are pushing for it (gold policy) as we need an integrated policy.In the next few days, we will have a meeting of all concerned people to frame the policy on an expeditious basis.

Gold jewellery demand to grow 6-7% in medium to long-term: Icra

The demand will also be supported by festivals, evolving lifestyle, and demographic dividend, Icra added.

Banks may take more than $3 billion hit from PNB fraud, says tax department

Banks had extended loans and guarantees worth $2.74 billion to companies tied to Nirav Modi.

ICRA has stated a stable outlook on gold jewellery retail industry in its report released on Friday

Jewellery sales during the critical festive period, August to November 2018, was relatively sluggish due to various factors like elevated gold prices, and floods in Kerala.

Nirav Modi located in UK, British authorities inform India: Govt

In June, the Ministry of External Affairs (MEA) had written to several European countries seeking help in tracing Nirav Modi.

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.

Inside the Singhania father-son battle for their billion-dollar empire

Vijaypat bitterly regrets handing the reins to son Gautam, which he says was done under "emotional blackmail".

Indian textile firms face higher trade barriers in EU, US: Government

The average tariff on textile products faced by India in the EU and US is 5.9 per cent and 6.2 per cent, respectively.

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.

PNB scam: ED attaches Thailand factory of Mehul Choksi's group company

Officials said ED investigators will soon get issued Letters Rogatories (judicial requests) for legal formalisation of the attachment of the foreign based asset.

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,

Economic chill dulls Chinese appetite for some luxury brands

The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.

Nirav Modi terms PNB scam 'civil transaction'

Nirav ​​Modi filed a response before the PMLA court opposing the ED’s complaint to have him declared a “fugitive economic offender” under the Fugitive Economic Offenders Act.

No mechanism to fix single daily price for gold in India: Government

"Gold is widely traded in local markets across the country. At present, there are no specific measures or mechanism to fix a single daily gold price in the country," minister of state for consumer affairs C R Chaudhary said in a written reply to the Rajya Sabha.

Reid and Taylor: NCLT stalls liquidation, accepts union bid for company

Reid & Taylor, owned by the Kasliwal family-run S Kumar Group, which is also facing bankruptcy proceedings, owes over Rs 4,100 crore to banks and other lenders.

Can't return for safety concerns, case politicised: Nirav Modi

Nirav Modi feared for his safety given the violent threats made against him "as illustrated by the burning of his effigies", the reply said.

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.

Gems, jewellery exports decline 6.77% in Apr-Nov 2018: GJEPC

The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.

Bollywood continues to inspire Fashion in 2018

According to Fliptrends, a yearly survey from Flipkart to understand fashion trends, saw the brides of 2018 cast a spell and got the industry swooning through the year!

Apparel brand Turms onboards Dr. Murali Sastry, Sanjay Modi and Sridhar Viswanathan as advisors

The company, which sells apparel starting at the Rs 799 price point, plans to break even in the next six to nine months.

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.

Demonetisation, GST hit growth in gold jewel industry: Council

Lifestyle of the younger generation, who opted more for travelling and automobiles, has applied a brake on the jewellery business, chairman of Gem and Jewellery Domestic Council (GJC) Ananth Padmanabhan told.

Gold loses sheen as prices rise and farmers face cash crunch

Spot gold was up about 0.4% at $1,290.42 per ounce. In the Indian market, gold price (without GST) was hovering around Rs 31,800 per 10 gm.

Stressed advance ratio of textile sub-sector improves: Sanjay Jain, CITI

Jain pointed out that one key area of worry for the T&C Industry today is continuously rising imports of textile products where industry need immediate attention and support of the government.

Court junks Raymond CMD's plea against father's autobiography

Gautam Singhania had filed the suit in September 2018 seeking an injunction on the proposed book, and also sought a copy of the book's manuscript.

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.

Puma to now open only premium 'Forever Faster' stores in India

Puma had launched the first 'Forever Faster' store in the country in April last year in New Delhi's South Extension market, spread across 4,800 square feet over three floors.

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.

PNB scam: CBI may send team to Antigua and Barbuda for Mehul Choksi

The twin Carribean island nation had recently assured verbally that they were willing to expedite the extradition of jeweller Mehul Choksi, who is an accused in the case, sources said.

ASICS prepares to comply with FDI norms to launch single brand retail

New Delhi, Apr 8 () Sportswear brand ASICS is slowly increasing the share of its products manufactured in India to comply with foreign direct investment norms for single brand retail and open its own stores in the country.

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.

Strict bank rules force changes in diamond trade practices

As per the latest rules by SBI, advance payments for procurement of rough diamonds will be permitted to only mining companies as per the list approved by the RBI and Gems & Jewellery Export Promotion Council.

Branded merchandise worth Rs 5 cr sold on PM Narendra Modi's app in 3 months

Till now, the app has sold over 15.75 lakh and is expecting a surge in sales in the run-up to the Lok Sabha polls, expected to take place later this year.

Dad can stay with us, says Singhania Jr

The Singhania senior had alleged that he was even being removed as the chairman emeritus of the company and from his flat.

Raymond chairman Gautam Singhania to exit all group companies

Singhania said he has already moved out from the chairman’s post for the FMCG entities and Raymond Apparel which handles the branded apparel business.

Titan reports 40% YoY jump in Q4 profit at Rs 282 crore; announces Rs 3.75 dividend

Revenue for the quarter rose 11.2 per cent YoY to Rs 3,869 crore.

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.

How Dave Thomas is getting Reebok back on track and pushing Adidas on a high growth trajectory

For Thomas, who was appointed India head in October 2014 and joined three months later, a crippling legacy ensured a baptism by fire. The ghost of Reebok had to be exorcised.

GJEPC unveils Parichay Card in Kolkata aimed at workers engaged in gem and jewellery sector

The Gem & Jewellery Export Promotion Council (GJEPC) on Friday unveiled the Parichay Card in Kolkata which is aimed at workers, artisans and craftsmen engaged in the gem and jewellery sector in West Bengal.

US apparel firm cuts off Chinese factory in internment camp

A U.S.supplier of t-shirts and other team apparel to college bookstores cut its ties Wednesday with a Chinese company that drew workers from an internment camp holding targeted members of ethnic minority groups.

Carlton London to boost e-commerce ops in India

Carlton London, by venturing into multiple retail channels operation, aims to reach out to a wider audience across geographies.

Adidas Group India posts exponential rise in net profit to Rs 113 cr for FY16-17

Adidas Group has posted a revenue of Rs 1,513 crore for the financial year 2016-17 as compared to Rs 1,253 crore it posted last fiscal.

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.

Gold remains higher on positive global cues, wedding demand

Silver, too, scored gains on increased offtake by industrial units and coin makers.

Why fast fashion is bad for people and planet

Globally, 80 billion pieces of new clothing are purchased translating into $1.2 trillion annually. Major production hubs are China and Bangladesh. From the growth of water-intensive cotton to the release of untreated dyes into local water sources, worker’s low wages poor working conditions, the environmental and social costs involved are widespread.

Woodland to revamp store design

The company has announced the launch of two new concept stores in Noida in GIP mall and DLF Mall of India marking the beginning of the new design outlets in the country.

DDB Mudra Group wins creative mandate for Puma

Puma has been designing, developing, selling and marketing footwear, apparel and accessories, for over 65 years.

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.

Tiger Shroff launches active lifestyle brand ‘PROWL’

The brand is jointly created and owned by Shroff and Mojostar, a joint venture between Kwan Entertainment and Dream Theatre.

Titan eyes gross revenue of Rs 50,000 cr by FY 23

Jewellery business will continue to be the largest contributor to revenues of the company.

Jimmy Choo's India fit includes a combo of luxury, tech, and a bit of Bollywood too

Global CEO Pierre Denis feels that in India the British heritage has worked to the advantage of the brand which was acquired by Michael Kors last yer.

Titan launches integrated format store in Hyderabad

With an extensive retail network of World of Titan, Tanishq and Titan Eyeplus, the Banjara Hills store is the first integrated store in Telangana.

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.

Nirav Modi's bungalow: High Court questions ED's request to stay demolition

A division bench of Chief Justice N H Patil and Justice N M Jamdar was hearing a public interest litigation (PIL) filed in 2009 by Shambhuraje Yuvakranti of the Akhil Bhartiya Maratha Seva Sangha on the issue.

Sears bankruptcy raises old questions about cost of going broke

The fate of Sears Holdings Corp highlights a harsh reality of U.S. bankruptcy - it requires armies of pricey specialists in a system driven by an outcome, not costs.

After years of public feud, Singhania father-son could now be headed for a compromise

The Singhanias may be headed towards a compromise after years of battling it out in full public view.

Skechers aims to become Rs 1000-crore brand in India; bullish on store expansion

The company clocked Rs 220 crore in revenues in the last calendar year, and now is expecting to increase its revenue to Rs 500 crore by December 2017.

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.

Bangladesh garment workers stage protests, say pay rise insufficient

Workers from up to 10 factories tried to block a highway in the Ashulia garment manufacturing belt on the outskirts of the capital Dhaka, said Saminur Rahman, a director for the Industrial Police, which patrols the country's business hubs.

NCLT asks RTIL investor amount it can deposit as earnest money

The Mumbai NCLT bench headed by Bhaskara Pantula Mohan and V Nallasenapathy had earlier told the Hong Kong-based SPGP to deposit Rs 50 crore as EMD, but consequently reviewed it.

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%."

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.

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.

Fanatics opens India tech centre in Hyderabad

The company partners some of the largest sporting operations and clubs in the world, including Real Madrid, Manchester United, Big Bash Cricket, NBA, NFL and the Wimbledon Championships.

Prada pulls down 'blackface' keychains that evoke racist imagery after severe backlash

The Italian fashion house had recently launched a series of luxury keychains and trinkets.

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

The newer version retains the predecessor’s look.

Bata India likely to turn largest market for parent co in 2018

The Switzerland-based shoe major, the parent company of Bata India, expects India to be number one in terms of turnover, surpassing Italy, by December 31 this year.

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.

India wrote to UAE in August on Nirav Modi's extradition: Minister

India requested Belgium in October to extradite Nirav Modi’s brother, Neeshal Modi.

Bihar: Now, textile giant to sell state’s khadi products

Apart from marketing the state’s khadi fabrics, the company will also provide design, manufacturing and marketing support to weaver organizations of the state.

Arvind and JCB India partner to provide safety-compliant industrial uniforms

The product range will be made available through Arvind & JCB India’s distribution network and point-of-sale locations across the country, a press statement said.

Shahnaz Husain Group launches herbal deodorant range

"There is no gas component in it, as compared to other deos in the market", said beauty diva Shahnaz Husain.

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.

‘Bata is a global player with strong Indian roots’

The company’s global CEO Alexis Nasard spoke to TOI about how Bata plans to shake off its traditional image and strike the right chord with the youth.

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

VIP to invest Rs 80 cr on advertisements and promotions this year

The luggage-maker has rolled out the television campaign with star cricketer Rohit Sharma for its mass luggage brand Aristocrat and is in the process to roll out another campaign for its premium brand Carlton soon.

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.

Adidas-owned Reebok cleared to open own stores in India

The move follows the government's decision to give similar approvals to Chinese smartphone maker Oppo and luxury goods retailer Louis Vuitton's this month.

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.

Titan Company could glitter more than star consumer companies

Stricter compliance norms have helped Titan gain market share in the jewellery business.

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.

Reebok India says it expects license in a month or two

In November 2015, Adidas, the parent company of Reebok, had received approval to open 100 per cent foreign-owned large Adidas outlets in India.

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.

Diamond, gold jewellery exports to US witness surge in Apr-Oct

Industry sources said the US is the largest consumer for low-quality and small diamonds, manufactured in India.

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.

New gold policy likely soon; looking at all aspects of yellow metal: Suresh Prabhu

"We are pushing for it (gold policy) as we need an integrated policy.In the next few days, we will have a meeting of all concerned people to frame the policy on an expeditious basis.

Fashion brand FabAlley raises Rs 60 cr from Saif Partners

The company plans to deploy the fresh round of funding towards increasing distribution, product expansion, brand-building efforts and strengthening the technology backbone.

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.

Gold jewellery demand to grow 6-7% in medium to long-term: Icra

The demand will also be supported by festivals, evolving lifestyle, and demographic dividend, Icra added.

Banks may take more than $3 billion hit from PNB fraud, says tax department

Banks had extended loans and guarantees worth $2.74 billion to companies tied to Nirav Modi.

ICRA has stated a stable outlook on gold jewellery retail industry in its report released on Friday

Jewellery sales during the critical festive period, August to November 2018, was relatively sluggish due to various factors like elevated gold prices, and floods in Kerala.

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.

Nirav Modi located in UK, British authorities inform India: Govt

In June, the Ministry of External Affairs (MEA) had written to several European countries seeking help in tracing Nirav Modi.

Sears Chair Lampert makes $4.4 bln bid to keep retailer alive

Some of Lampert's bid relies on $1.8 billion of Sears debt that ESL already holds and plans to forgive to back the offer, the sources said. The bid also includes about $400 million in financing from non-bank lenders, the sources said.

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.