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Arvind Fashions (AFL) on Tuesday said its subsidiary Arvind Lifestyle Brands has received Rs 260 crore from Flipkart India to pick a minority stake in another group firm Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions’ recently-formed subsidiary which will own the Flying Machine brand.
“…After completion of the customary conditions precedent, Arvind Lifestyle Brands Ltd, a subsidiary of the company, received Rs 260 crore from Flipkart India as consideration for the sale of a significant minority stake in Arvind Youth Brands, another subsidiary of the company,” Arvind Fashions said in a BSE filing.
According to a PTI report; Earlier this month, Arvind Fashions had informed exchanges that Flipkart Group had invested Rs 260 crore to pick a minority stake in its subsidiary Arvind Youth Brands.
Flying Machine has been retailing on the group’s platforms of Flipkart and Myntra for more than six years.
According to Pallavi Barman, Head – Marketing & Operations, HRX, loose and oversized athleisure is the currently trending. “In terms of current trends, loose oversized clothing has found a new liking. Oversized joggers and tees are very popular now. Plus, we are looking at an increase in demand for shorts and tracks as well as trainers and sneakers. Color wise we follow trend stories popular worldwide so lavender, beige, military, khakhi, grey, black, etc., are all loved,” she says.
Adding to this, Kumar says, “At Dollar Industries Limited, we firmly believe in constantly innovating and creating products that match up to the change in trends. Keeping in mind the health and safety of our consumers, we collaborated with HealthGuard, Australia and curated a unique range of anti-viral products. We optimize digital as well conventional media, in order to communicate constantly with our consumers for various initiatives and new launches.”
Global Japanese retailer UNIQLO opened its newest store at DLF Mall of India, Noida. Spread over two floors with a total retail space of 17,500 square feet, UNIQLO DLF Mall of India, Noida promises a new shopping experience for the area with its thoughtful designs, high quality and functional products that are made for all. This will be the fifth UNIQLO store in Delhi NCR.
Ranging from necklaces and earrings to bracelets and charms, the all-new jewelry collections are perfect accessories for any occasion throughout the week while being affordable. From minimalist pendants to ones that make a statement, the necklaces are designed to be worn all through the day and every day of the week. Making for a wardrobe essential, the earrings come in all styles – from studs to hoops featuring chic simplicity that makes them perfect for any occasion. Furthermore, the bracelet collections include silver, gold & rose gold bracelets with pops of sparkle or stone— taking every day basics to the next level.
The portal hosts each saree for a limited period of 180 days and most of the sarees are sold out in that window. The e-commerce arm is a 3-year-old entity that has given the brand a global reach and is led by third-generation Director, Anirudh Kankatala. His futuristic vision ensured that the brand was equipped to adapt to the new normal faster than the competitors.
“At FableStreet, the needs and happiness of our consumers are of paramount importance and as a brand, we’ve always been agile in responding and evolving accordingly. Overall, we are happy to observe that consumer confidence has started improving over the last few weeks with people realising the importance of staying inspired and positive,” explains Ayushi Gudwani, Founder, FableStreet.
UNIQLO, the Japanese global apparel retailer, announced the official launch of its nationwide ‘Shop From Home’ service through its special website online.uniqlo.in This newly launched strategic initiative was developed in response to customers’ desire for LifeWear delivered to their doorstep swiftly in times of cautious mobility and is the first step towards making UNIQLO apparel accessible to customers across India.
Each frame appears on screen as it is, via the use of high-definition real-time rendering and navigable 360-degree technology that can be enlarged to magnify every detail. The consumer can take a closer look at the product and move their head around, to appraise from different angles and analyze how the frame sits on their face.
“There is a huge demand in loungewear in the recent months. It’s been witnessing exponential growth especially on online platforms. As the markets have started opening so the casual and basic wear demand is rising in smaller towns and cities. Yes, certainly it is one of the main reason because people are staying at home and comfortable wear is the first choice,” explains Mithun Gupta, Director, Proteens.
Fashion for Good together with regional partner Circular Apparel Innovation Factory (CAIF) have combined their knowledge of India’s sustainable fashion sector, identifying both the opportunities and challenges. Several key innovators were consulted to include their insights, knowledge and expertise in this space, to give further context and nuance to this ever-evolving landscape.
Kankatala is one of the oldest saree brands in Andhra Pradesh and Telangana and has represented the age-old weaving techniques for more than 7 decades. The brand has been popular amongst Indian diaspora spread across the world who once made a point to visit the store during their visit to India and now shops online from www.kankatala.com for various occasions including daily wear to bridal.