The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Kalyan Jewellers said it witnessed an increase in consumer demand and revenue growth of nearly 60 percent in its India operations in the fourth quarter of fiscal year 2021, ended March 31, compared with the same period last year.
This growth happened prior to recent restrictions on retailers that have been implemented in different states in order to combat India’s current second-wave battle with Covid-19, which has seen all non-essential retail stores shuttered until the end of April in the state of Maharashtra, for example.
The company nominated the shift in consumer demand from the unorganised to organised retail as a significant driver of its recent revenue growth momentum.
Last month, Kalyan Jewellers completed an initial public offering (IPO) raising approximately 800 crore rupees ($107 million).
Chanel, Louis Vuitton and Tiffany & Co are among the brands expanding in Perth, Australia in a bid to tap its mining, oil and gas wealth and newfound status as a travel hub.
This week’s round-up of global markets fashion business news also features Haiti’s sourcing crisis, Brazilian jewellery giant Vivara and Dubai’s Ramadan shopping season.
This week’s round-up of global markets fashion business news also features Supreme’s long-awaited Shanghai flagship opening, India imposes MIP on undervalued imports of synthetic knitted fabric and striking Sri Lankan workers continue to protest.
Imran Amed shares his observations from a trip to the wealthy desert metropolis, home to the most lucrative stores for many of the world’s top fashion brands.