Business Of Fashion - January 2023

In this issue

Another year, another resolve forged with wisdom, accumulated experience and clearer vision. This is 2023. We have seen the worst, we have overcome obstacles from the most daunting to the phase blessed with flickers of hope and then to the realization of fruits of hard labour.
2022 was a year of caution and also of growth. India’s textile and apparel exports were $ 43 billion in 2021-22 and have grown at 3.7% CAGR since 2010-11.The exports are further estimated to grow at 9% CAGR from 2021 and reach 60 billion by 2025-26, says a report by FICCI and Wazir Advisors. And according to Retailers Association of India, in March 2022, apparel sales grew by 26% compared to what they were during the same period last year, while overall retail sales grew by 28% in the same period.
But 2023 has inherited a mixture of political uncertainty and bullish inflation. The takeaway from the conflict is that we are going to witness a further polarized world in which global trading in dollars will be reduced and readjust to globalization. However, the world, irrespective of who emerges stronger, will contribute to trade as it has always been.

DaMENSCH Expands Product Portfolio; Launches Popcorn Collection

Menswear brand DaMENSCH announced the launch of its ultimate Popcorn collection.

1 min

The House of Angadi launches Bespoke by Advaya Men

The House of Angadi announced the launch of its new line of menswear garments, Bespoke by Advaya Men.

1 min

Dennison introduces new collection

Women's fashion wear brand Dennison has introduced a new and well-groomed collection

1 min

Hands by Gold Launches Wearable Line Maizah

Hands of Gold has launched its wearable product line Maizah.

1 min

Tommy Hilfiger's Gogreen Collection Now Available At Bagline Stores

Multi-brand travel and handbag store Bagline has recently launched a new GoGreen collection of Tommy Hilfiger backpacks.

1 min

UNIQLO unveils 2nd UNIQLO and MARNI collection

Japanese apparel retailer UNIQLO has launched the second UNIQLO and MARNI collection.

1 min

Myntra Brings Global Brands Boohoo, Dorothy Perkins And Nasty Gal To India

Fashion marketplace Myntra is bringing UK-based iconic fashion house, Boohoo Group to India that owns brands boohoo, Dorothy Perkins (DP) and Nasty Gal.

2 mins

Cover Story Launches AW 2022 Collection

Cover Story, a subsidiary of Reliance Retail, has launched its AW 2022 collection.

1 min

Neeru’s launches winter wedding collection 2022

Neeru's has launched its winter wedding collection for 2022 at a fashion show.

1 min

Ahead of EORS-17, Myntra launches Indifusion

Ahead of EROS (End of Reason Sale), Myntra launches 'Indifusion', a fusion wear brand. Indifusion's partnership with Myntra will be its first association with an online platform in India.

1 min

YBP introduces new wintercare essential Cleansing Salve”

YBP Skin has launched a new wintercare essential product named Skin Cleansing Salve.

1 min

Michael Kors X Ellesse Announce Second Collaboration, Made For The Slopes

Michael Kors, American fashion brand, and Ellesse, Italian sportswear brand have teamed up for a special ski capsule.

1 min

Noise Ropes In Virat Kohli As Its Brand Ambassador

Noise, an Indian lifestyle tech brand, has roped in cricketer Virat Kohli as brand ambassador for its smart watches.

1 min

VIP Clothing opens second franchisee store in Aurangabad

Leading innerwear manufacturer VIP Clothing Ltd. has expanded its brick-and-mortar presence with its second franchisee model store in Aurangabad city.

1 min

Shoppers Stop enters Udaipur with a store

Fashion and beauty destination, Shoppers Stop has launched its store in Udaipur.

1 min

Kazo launches Details By Kazo store

Women's fast fashion brand Kazo has launched a sister brand.

1 min

Bengaluru gets 12th Arrow exclusive outlet

Arrow, menswear brand from the house of Arvind Fashions Limited, has launched a palatial new store in Bengaluru's Konanakunte.

1 min

Shoppers Stop launches new store in Faridabad

Shoppers Stop has launched its new store in Haryana's Faridabad.

1 min

Women's workwear brand Salt Attire launches new store in Navi Mumbai

SALT Attire, a brand of formal wear and smart casuals for women has launched its third store in Mumbai, at Nexus Seawoods Mall in Navi Mumbai spanning 600 sq. ft. The brand's other two outlets in the city are at Palladium in Lower Parel and Infiniti Mall in Malad.

1 min

Tarun Tahiliani launches flagship store in Bangalore

Designer Tarun Tahiliani has launched his eponymous label's flagship Bangalore boutique at the Woodlands Mansion.

1 min

TASVA launehes 25th store in Mumbai

TASVA, the men's Indianwear brand from Aditya Birla Fashion and Retail Limited and India's ace designer Tarun Tahiliani opens doors to a new store at Mumbai's Fort.

1 min

Faso opens first EBO in Chennai

Faso, a unit of KPR Mill Limited, has launched its first exclusive store open at MG Road, Adyar, Chennai.

1 min

Lee Jeans to launch footwear collection for the first time

American denim brand Lee Jeans is launching a footwear collection for the first time for AW23, to include men's, women's and children's casual footwear and sneakers.

1 min

Koi launehes footwear collaboration with the Teletubbies

Vegan and gender-neutral footwear brand Koi has released its first collaboration with the nostalgic 90's TV show, the Teletubbies.

1 min

Dr. Martens to Close All Philippines Stores

Footwear brand Dr. Martens has announced via a Facebook post that all of its stores in the Philippines will be closed.

1 min

Clovia signs up Shraddha Kapoor for TVC

D2C fashion, lingerie and personal care brand Clovia has signed up with Bollywood actress Shraddha Kapoor as its first brand ambassador.

1 min

Havaianas Celebrates Five Years in Asia Paeifie

Brazilian Lifestyle brand Havaianas, part of the Alpargatas S.A. Group, celebrated the Asia Pacific (APAC) regional headquarters' fifth year of growing and strengthening the brand's presence across the APAC region.

1 min

UNIQLO Making headway with made for all

Uniqlo, Asia's largest fashion retailer has managed to hit the sweet spot in the Indian market to not just become popular but also profitable in just three years. Images Group's group managing editor Rasul Bailay uncovers its success secrets, strategies and plans for India.

6 mins

‘HUMAN TOUCHPOINT IS EXTREMELY IMPORTANT FOR US’ - Tomohiko Sei CEO, Uniqlo India

In 2018, Uniqlo sent Tomohiko Sei to India to spearhead its entry into the country that Retailing Co. ranks as the biggest future market for the Japanese brand. Prior to his India assignment, Sei was the chief operating officer for Fast Retailing in Singapore. Sei spoke to Rasul Bailay, group managing editor of IMAGES Group about Uniqlo's journey so far - its rollercoaster ride due to Covid-19 and about India as a potential market for Asia's largest fashion brand. Edited excerpts:

10+ mins

BAGATT: Not just a shoe, but a statement - Sandip Kanti Baksi, Astor Muller India's COO - Retail

Astor Mueller, one of the Europe's leading shoemaking companies, entered the Indian market with bugatti. Today, it has a strong retail footprint in India. The shoemaker, which also holds the exclusive license for Daniel Hechter shoes, has recently launched another brand, BAGATT with eye on women. Images Business of Fashion's N Bobo Meitei interacted with Sandip Kanti Baksi, AstorMuller India's COO Retail, to understand what this means for the shoemaker, and many more.

3 mins

Textile & Apparel Overview

The global apparel consumption in 2021 is estimated to be around $1.5 trillion. India's textile and apparel market has the potential to swell to $250 billion by 2025-26, up from an estimated size of $ 153 billion in 2021, says a report by Federation of Indian Chambers of Commerce & Industry and retail consultancy Wazir Advisors.

6 mins

2022 The Year of Caution & Recovery

After experiencing 18 months from early 2021 through mid-2022 of growth, the fashion industry faced a challenging time again. Persistent inflation and depressed customer sentiments frustrated the growth pace in the year's second half. Inflation remained at the top of the year; it undercut consumer demand, pushing shoppers to curtail fashion spending.

10 mins

Fashion Accountability

The fashion industry is the second largest polluter, and the calls for the industry to do more to mitigate its adverse impacts have always been louder.

6 mins

Impacts Of Farm-Closet: A Collective Responsibility

The fashion industry produces about 53 million tonnes of fibre every year, 70 percent of which ends up in garbage dumps or is incinerated, adversely affecting the environment. This reality demands that we look hard at the impacts of farm-closet.

7 mins

Handcrafted Success - Dilip Kapur Founder, Hidesign

In the era of fast fashion, Puducherry-based leather goods brand Hidesign claims that it still works towards handcrafting goods. Founded by Dilip Kapur, the brand says it relies on the process of vegetable tanning, uses solar-powered energy, recycles water at its tanneries, and focuses on hiring employees from religious minorities and the LGBTQ community. In an interview with Images Business of Fashion’s Sanya Arora, Kapur discusses the company’s expansion plan, business model, product collection and more.

3 mins

Why Men Ditching Unisex Range!

India’s men’s grooming market is expected to grow with a CAGR of more than 11% during the forecast period with more than ₹31,000 crore market size. While a bulk of this is being driven by D2C online sales, there has been significant traction in offline sales too.

3 mins

CLOVIA: Capturing consumers' imagination

Clovia made headlines when Reliance Retail Venture, an arm of Reliance Industries, acquired 89% in the Purple Panda Fashion-owned intimate brand. The oil-to-retail conglomerate made the investment in the form of secondary share purchase and primary capital infusion.

4 mins

The growing lure for kids’ fashion

From being an entity solely reserved for adults, fashion in kids’ wear has come a long way where it has seamlessly permeated into the kids’ wear segment as well. Nowadays, there is a rising propensity for fashion in the sector.

3 mins

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Business Of Fashion Magazine Description:

IMAGES Business of Fashion is a monthly resource for fashion retailers, brand owners and industry leaders in India. It delivers fashion business intelligence on emerging retailers, disruptive technologies and domestic and global brands that are making their mark in the industry at a time of unprecedented change.

With a 24 year old loyal reader base of over 60,000 top decision makers, fashion retailers and fashion buyers, spread across all sectors of the business of fashion in India, IMAGES BoF has constantly proven itself as easily the most focused and best targeted fashion business media in India.

Launched in 1992, the monthly magazine is an informed, analytical publication on the fashion business in the country. It has played the role of a catalyst in the retail evolution in India focused on and driven by branding, marketing and retailing of fashion in the country. It enables continuous information exchanges through its activities - facilitating networking among investors, retailers and brand leaders. The publication is amongst the country’s top recall business magazines in India and its reach extends to 2,00,000 of India's top decision makers in retail and retail support business.