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NIKHIL GENESIS
Reliance to acquire 40% stake in Manish Malhotra brand companyTwo years ago, RBL also made its international entry by acquiring the British toy retailer, Hamleys while last year it acquired a 46.6% sta...- Reliance Brands fashions plan to take over Ritu KumarReliance Brands is set to take over fashion house Ritu Kumar, said three people familiar with the development. The Reliance Retail unit wil...
- Nikhil mehra quits as CEO of Genesis ColorsEarlier last year, founder promoter Sanjay Kapoor, who is executive chairman of Genesis Group, had decided to list Genesis Colors and raise...
- L Catterton tears ties with Genesis Luxury, sells 40% stake to rival Reliance BrandsThe unprecedented move, which left Genesis founders and investors stunned, is poised to change the dynamics of the business.
- Implementation of GST to benefit hospitality, luxury sectors by lowering costs for consumersA government-appointed panel has proposed 17-18% as GST which is much lower than what the hospitality and luxury sectors currently face.
- Valentino to open shop in IndiaPeople aware of the development said Valentino is tying up with IDFS Tradings and is also in talks with DLF Luxury Retail for its retail pr...
- Now, brands latch on to Instagram to drive up engagement ratesLuxury brands are increasingly leveraging a platform like Instagram to tell their stories through compelling visuals to drive business grow...
- Genesis Colors rejigs top deckKapoor said the move is pre-emptive and aimed at consolidating the business as one entity in the next 12-18 months because investors may co...
- Tata CLiQ ties up with Genesis Luxury, to bring international brands for online portalGenesis Luxury brings more than 14 luxury and high-fashion brands including Burberry,Jimmy Choo, Coach to India, some brands will be brough...
- Denim brand G-Star Raw to open 5 outlets this yearG-Star Raw has announced American singer, rapper, and record producer Pharrell Williams as the co-owner of the jeans brand.
- Ratan Tata invests in predictive analytics firm Infinite AnalyticsInfinite Analytics has raised funding from Ratan Tata to expand its predictive analytics technology to segments beyond retail and e-commerc...
- Luxury marketers step up play to check unauthorised online salesFakes and counterfeit products sold online have long been a cause of concern for several luxury brands and their local distributors.
- First time in 38 years! RIL launches internal constitution RMS to adopt next generation practicesRIL unveiled the new framework before 150 top executives at a function held at Chairman Mukesh Ambani’s South Mumbai home Antilla on Octobe...
- Retailers like Arvind Brands, booking bulk space in malls for better rentalsThis comes at a time when retailers are trying hard to create consumer demand as well as keep their costs under check.
- Indian designer brands: To become globally scalable, focus should be on bottom lines & not just hemlinesTo play the bigger game, Indian designers should start concentrating on bottom lines and not just hemlines.
- Luxury retailers hiring and training staff in local dialect and retail etiquettes to woo new richLuxury retailers are hiring people who can talk in local dialect, training staff in retail etiquettes to make customers feel at home and ed...
- Lack of trained salesmen may hit luxury salesThe Indian luxury market is growing at 20% a year and is expected to grow to $14.7 billion by 2015, up from $5.8 billion today.
- Provogue plans Rs 90-cr expansionProvogue India, a Mumbai-based retail company, has announced a Rs 90-crore expansion plan, which will be funded through internal accruals a...
- UK co, PEs buy 12% in Provogue for Rs 314 crUK-based retail infrastructure developer Liberty International along with a group of private equity investors such as Altima Partners.
- Provogue raises Rs 146 crore via preference issueProvogue India (Ltd) has raised Rs 146.25 crore by placing preference shares with six investors at Rs 450 per share.
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