Chennai-based women’s fashion brand eShakti recently said it has raised 75 crore from Paragon Partners Growth Fund-I, a private equity fund focused on mid-market segments founded by Siddharth Parekh and Sumeet Nindrajog in 2015. The investment is needed for growth as eShakti is building a multinational brand with a global footprint, said founder BG Krishnan. Paragon Partners invests primarily in consumer discretionary, financial services, infrastructure services (asset light), industrials

The comparable sales of Vince Holding Corp., a leading global luxury apparel and accessories brand, for the first quarter of fiscal 2018 increased 12.3 per cent, including e-commerce sales, primarily due to an increase in transactions. The direct-to-consumer segment sales went up 14.9 per cent to $26.0 million compared to the first quarter of fiscal 2017. However, the company's net sales for the reported period went down 6.1 per cent to $54.5 million compared to $58.0 million in the first q

Private equity firm FSI has announced the acquisition of a minority stake from the luxury brand Missoni. The investment will mainly consist of a capital increase, with no financial leverage on Missoni. At closing, the Missoni Family will maintain a controlling interest of 58.8 per cent in the company, while the remaining 41.2 per cent will be held by FSI. The objective of the partnership is to enhance Missoni’s outstanding awareness and development potential, in order to become a modern and

Cherokee Global Brands, a global brand marketing platform which manages a growing portfolio of fashion and lifestyle brands, has announced the sale of Flip Flop Shops, its franchise retail chain to Bearpaw Holdings for an undisclosed amount. It is learnt that Cherokee Global Brands intends to use the sale proceeds to reduce its long-term debt. "We are pleased with the transaction, which aligns with our strategy to focus on scaling our high-growth brands through global licensed partnerships,

Project New York has partnered with White Show on an exclusive collaboration designed to unify the European and US marketplaces over the SS’19 season. The partnership aims to strengthen the presence of menswear marketplaces by creating a cross section of US and European brands, designers and retailers to offer a fresh, perspective of designers at each show. "The collaboration with UBM amplifies the resonance of White tradeshow on the American market, which represents an excellent opportunit

Encouraged by the impact of its first offline store, India’s online fashion retailer Myntra plans to launch 100 offline stores across the country in the next two years, Ananth Narayanan, CEO of Myntra-Jabong, said recently. Half of the 100 stores will be for Roadster, Myntra’s most popular brand, and the rest for HRX, Mango and other brands. Online sales of Roadster have increased after the first offline store was launched, Narayanan said at the launch of the second Roadster store in Bengal

The world’s 100 largest luxury goods companies generated sales of $217 billion in FY2016 and the average luxury goods annual sales for a top 100 company is now $2.2 billion, according to a recent report. Top French fashion players LVMH Moët Hennessy Louis Vuitton SE and Kering SA continued to maintain their positions on the leader board. The fifth annual Global Powers of Luxury Goods report by Deloitte examines and lists the 100 largest luxury goods companies globally, based on the consoli

Ralph Lauren Corporation, a global leader in the design, marketing, and distribution of premium lifestyle products, has nominated Linda Findley Kozlowski to stand for election to the company’s Board of Directors at the 2018 Annual Meeting of Stockholders, in August 2018. The appointment will bring the number of Directors on the company’s Board to 14. Kozlowski brings 25 years of experience in operations, international marketing, business development, public relations, and customer service.

Mossy Oak, an outdoors lifestyle company, has officially partnered with Vapor Apparel, to offer a first of its kind, fully customised ‘Print on Demand’ programme. Vapor Apparel, headquartered in the US, is a leading manufacturer of performance apparel and UV/UPF sun protection apparel for the print-on-demand and digital sublimation marketplaces. The new programme put forth through the collaborative efforts of Vapor Apparel and Mossy Oak, will offer a variety of short- and long-sleeve shirt

Eurojersey, and Framis Italia, a leader in the application of polyurethane heat bonded applications for the apparel industry, have joined hands for a collaboration that combines the functional aspect of heat-bonded taping with the comfort of innovative sensitive fabrics by Eurojersey. Eurojersey is a leader in the sector of Italian-made warp knit fabrics. Sensitive fabrics are endowed with excellent technical and aesthetic properties, fruit of Eurojersey’s on-going commitment to research.