Consolidated revenue of Grasim Industries grew 3 per cent to ₹18,430 crore in Q2 FY20. EBITDA at ₹3,180 crore recorded a growth of 7 per cent YoY and PAT (before exceptional items and one-time deferred tax benefit) was up 6 per cent YoY to ₹639 crore, driven by superior performance of the company’s subsidiaries, UltraTech Cement and Aditya Birla Capital.Pic: Grasim IndustriesAt the standalone level, profitability was impacted due to global weakening in prices of Viscose Staple Fibre (VSF) and Ca

With the launch of the Disney+ streaming service, Disney is everywhere this month - including in the windows of Saks Fifth Avenue. The iconic New York department store collaborated with the global media company for its annual holiday window display, which was announced today and will officially be unveiled on November 25.Inspired by the upcoming Disney film "Frozen 2," the Saks Fifth Avenue window display aims to bring scenes from the movie to life. Displays will depict the family-favo

Dior has officially launched its e-commerce platform in Japan as they continue to bring it to more global markets. In honor of the launch of Japanese e-commerce the brand has launched five exclusive items including a new Mini Book Tote, a Small Book Tote, a men’s T-shirt, a pair of sneakers, and an iPhone case.The new Japance e-commerce site features Dior products including men's and women's ready-to-wear, accessories, fine jewelry, watch collections, Maison Dior, and Baby Dior. Dior had

Ten designers have made it to the finals of the International Woolmark Prize. The finalists have been selected from among more than 300 applicants, representing 47 countries. The finalists represent diversity in the global fashion industry and show promise in their commitment to innovative practices. The global final will be held in February 2020.Some of the finalists of the International Woolmark Prize. Pic: International Woolmark PrizeThe International Woolmark Prize celebrates outstanding fas

Selfridges, Burberry and Mulberry have all been nominated in the annual Walpole British Luxury Awards, which will take place at The Dorchester in London on November 18.The awards, which will be presented by actor Laurence Fox, will feature ten categories to celebrate the “very best high-end products and services from a diverse range of British businesses,” spanning multiple sectors including fashion, fragrance, fine jewellery, hotels, automobiles and accessories.British heritage brand Burberry i

The department for promotion of industry and internal trade (DPIIT) last month approved the Mega Leather Footwear and Accessories Cluster (MLFAC) project at Bantala in Kolkata at a cost of ₹178.84 crore, out of which DPIIT’s share will be ₹89.42 crore. About 100 units are reportedly interested in setting up units there and about ₹2,000-2,500 crore will be invested.Pic: ShutterstockDPIIT under secretary (leather section) Dayanidhi Joshi’s letter on the approval was received by the secretary of We

As Brioni works on making a comeback, they have decided to go back to a place where they'd long been quite popular, Pitti Uomo. The Itatlian men's tradeshow, which attracts buyers and editors from all around the globe, will be taking place from January 7 to 10.Brioni is set to show a presentation on the opening day at a yet to be announced location. Recently, Briono staged a presentation during MIlan Men's Fashion Week. Since Brioni was acquired by Kering in 2012 they have worked on

In the third quarter of 2019, the currency-neutral revenues of Adidas grew 6 per cent. In euro terms the revenues grew 9 per cent to €6.410 billion (2018: €5.873 billion). In the first nine months of 2019, revenues increased 5 per cent on a currency-neutral basis, while in euro terms, revenues grew 7 per cent to €17.802 billion (2018: €16.682 billion).Pic: AdidasThe company’s gross margin increased 0.3 per cent to 52.1 per cent (2018: 51.8 per cent).This improvement reflects high-single-digit gr

One of Asia’s leading online fashion destination, Singapore basedhas started kidswear category on its website and app keeping in mind that the current trend of kidswear is of no less important than adult fashion trends.Courtesy: ZALORAWith a wide variety of kids fashion items for both boys and girls to enjoy and a huge variety of colors to choose from to reflect the season’s most coveted kids. Offering an extensive collection of over 500 top international and local brands and designers, its cust

While we are still talking about fast fashion and its utility and sustainability in fashion along with a conception that all of it are privy to the adult consumers, kidswear segment has grown by leaps and bounds to form an equitable share of the overall apparel market size in the country. Even as the menswear category continues to dominate the fashion industry, kidswear, which was almost non-existent till a few years ago, is slated for phenomenal growth.According to Technopak, kidswear is expect