Author: Brandspoke

Drapers |  Pair up to seize new opportunities in India By Harriet Brown   A local partner is essential for fashion retailers who want to embrace the potential of an Indian launch.   India is on its way up. The International Monetary Fund (IMF) predicts it will be the world’s fastest-growing economy in 2016: GDP…

ET Retail | Nov 19. India’s scale means once it gets digitised, innovation here will be greater than anywhere in the world: Bill Gates   “Even if one of my many ideas can make a difference to the lives of 1.3 billion people, it will be huge.“   What fascinates the world’s richest man about…

BBC News | Nov 11. Gates’s advice for the world’s most cash-strapped nation. The world’s richest man is visiting the world’s most cash-strapped nation.   And when I met Bill Gates in the presidential suite of one of Delhi’s many grand hotels, he was full of praise for the Indian prime minister’s decision to scrap 86%…

BBC News | Nov 09. India scraps 500 and 1,000 rupee bank notes overnight. Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight.   The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash…

Parineeti Chopra opens H&M’s biggest store in India.   The Swedish retail giant roped in the presence of bollywood’s sweetheart Parineeti Chopra to pull the millennial crowd toward its biggest store yet.   H&M, the international fashion retailer known for affordable fashion, celebrated the grand opening of its 4000th store across 61 countries at DLF…

New Delhi: Italian beauty brand Kiko Milano has forayed into the Indian market and is looking to have over 45 stores in the next three years.   Percassi Group-company, which has partnered with DLF Brands for its retail expansion, is also aiming to harness the potential of online medium to boost sales here.   “In…

India’s e-commerce sector is expected to touch USD 28 billion by FY2019-20 on account of an increase in number of buyers and stable annual spends per consumer, according to a report.   “A gradual increase in shopper base, coupled with steady increase in online spends can help the Indian e-tailers reach gross merchandise value of…

Myntra-Jabong deal worries big fashion. It’s a scenario where 80-90 per cent of sales of premier global brands is happening from one entity which is controlling all three portals and that is a worry for many of the brands.   NEW DELHI: Flipkart now controls almost 70 per cent of total online fashion market in…

For India’s super rich, shopping trips to foreign cities are passé.   As luxury brands make a beeline for India, high net-worth individuals are eschewing trips to global fashion capitals.   New Delhi: The super rich in India now prefer to shop at home rather than in Dubai, Singapore or Europe, says a Top of…

NEW DELHI: Flipkart-owned Myntra today said it has acquired Jabong from Global Fashion Group for an undisclosed amount, a move that will mark further consolidation in India’s booming e-commerce industry.   Myntra, which itself was acquired by Flipkart in 2014 in an estimated Rs 2,000 crore deal, will have access to a combined base of…