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.
The Indian label has been suffering from financial troubles for years and is now facing legal action from vendors and employees alleging unpaid wages, according to a report by the New York Times.
Earlier this year, Arora parted ways with his long-time business partner Deepak Bhagwani, who told the NYT that the brand’s French holding company went into liquidation in July.
Arora has been described as the “John Galliano of India” and is one of the most highly recognised Indian fashion designers in the world. A former creative director at Paco Rabanne, he was one of the first Indian designers to make a splash at Paris Fashion Week. In the past he has collaborated with global brands including MAC Cosmetics, Reebok and Swatch.
The company did not immediately respond to a request for comment from BoF. Arora told the NYT via an October email that there was “acute disappointment among all parties,” but declined to comment “on what went wrong given we are in liquidation and also the matter is in court.”
Join us for our next #BoFLIVE on Thursday, February 16 at 15:00 GMT / 10:00 EST, based on our latest case Study How to Build a Profitable DTC Brand. BoF’s deputy editor Brian Baskin along with DTC correspondent Malique Morris and chief marketing officer of UK-based beauty brand Trinny London, Shira Feuer explore blueprints for growing a profitable brand.
The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.
The women’s rights activist and Nobel Peace Prize winner spoke with BoF’s Imran Amed about education, growing up as an activist and the evolution of her own activism at BoF VOICES 2022.
BoF’s Imran Amed and McKinsey’s Achim Berg unpack what opportunities and challenges businesses should be on the lookout for in 2023.