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FABINDIA EARNINGS
Ecom Express targets $170 million via rights issueEcom Express plans a $170 million rights issue with existing investors. Revenue grew 20% in FY23 despite widening losses. The company postp...- Apple, Google block e-SIM apps in India; Multiverse of foodfluencersApple and Google have blocked two e-SIM apps – Airalo and Holafly – from their Indian app stores following a government directive. This and...
- IPO-bound Fabindia narrows loss, revenue surges 29% in FY22The company has received approval for its Rs 4000-crore IPO from Sebi. During the year, most retailers recovered from Covid restrictions an...
- Premji Invest invests $25 million in SB Packagings for significant stakeThe deal includes a secondary transaction that gives a partial exit to existing shareholders of SB Packagings, as well as primary capital f...
- ET Evoke Social Entrepreneur Award: Neelam Chhiber of Industree first to bag new awardUnanimous choice for crafting an exemplary model that has made a positive impact on the livelihood of artisans, promoted sustainable and re...
- FabIndia sales grew 2% during FY20, crossed Rs 1500 crore sale markThe 60-year-old firm, popular for selling ethnic products sourced mostly from rural areas, posted consolidated sales of Rs 1508 crore with ...
- Amazon Prime Day sale begins early next month in IndiaPrime Day sale assumes significance in India this year as it would give Amazon the opportunity to make up for the lost sales during the loc...
- Fabindia launches loyalty program, FabfamilyBenefits of this program include shopping from home exclusive previews, shopping by appointment, an extended exchange period, and a dedicat...
- A prayer for the dyeing: Struggles of Chhipa community in RajasthanToday, Shanti, who is almost 60, has retired, and her son not only carries on the family’s traditional craft-based business but has also ex...
- Khadi asks over 200 entities not to use terms such as 'handwoven' without nodKVIC, the sole authority for providing Khadi Mark registration, wants the entities to pay for the right to use the terms when describing th...
- Khadi takes Fabindia to high court, seeks Rs 525 crore in damages for brand misuseKVIC, the agency responsible for promoting Khadi and village industries, said it did not grant Fabindia the rights to sell garments under t...
- After yoga, PM Narendra Modi now wants to make khadi an international brandAfter the success of take-yoga-global campaign, it’s now the humble Khadi that PM Modi wants to take across borders as India peddles its so...
- Fabindia crosses Rs 1,000 crore in sales; becomes largest retail apparel brand in the countryDuring 2014-15, the ethnic wear firm posted a 12% rise in consolidated sales at Rs 1,148 crore with 36% increase profit.
- Government may allow e-tailing to Indian companies which manufacture 70% of their goods locallyThe proposal, which is set to go to the cabinet over the next few weeks, is a follow-up to an announcement made by FM Jaitley in his maiden...
- Staffing company TeamLease Services along with 500 firms write to govt over salary paymentsThe recently-submitted petition urges the government to take a re-look at the laws governing salary payment of lowwage employees by allowin...
- Fabindia MD William Bissell turns angel investorBissell has invested $2 million in his personal capacity in the firm that provides cloud-based enterprise resource planning solutions for e...
- How Fabindia's business model has become a source of inspiration for startupsAs India modernises rapidly, it is also giving rise to numerous startups serving as a link between markets & artisans preserving traditiona...
- Power of Ideas 2012: More enterprises, investors across various sectors seek to combine social good with profitsMore enterprises are now seeking to combine social good with profits. We turn the spotlight on a clutch of such ventures across the country.
- Online retailers Amazon, eBay making India a battleground for their contrasting business modelsWhile Amazon is building out an expansive logistics and supply chain that will support its ops, eBay is signing on new merchants for its si...
- Small community-owned firms give rural artisans a stake in projectsSmall community-owned firms, promoted by a Fabindia company, give rural artisans a stake in projects in their regions and bring them into t...
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