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Nandani Creation to invest Rs 100 mn for expansion
Nandani Creation Limited - a well-known company for ethnic wear and famous as JaipurKurti.com in its retail section - is planning to expand offline by investing an amount of Rs 100 million.
Esquel to sue the US due to China blacklist inclusion
As per the reports, Hong Kong apparel giant Esquel Group has said that it is going to sue the US government for putting a false allegation of erroneous blacklisting of a subsidiary in China’s Xinjiang region.
High Street Essentials raises Rs 255 million in funding
The fund will be utilised for expanding the brands’ Direct-to-consumer (D2C) footprint domestically and internationally. The parent company of fashion brands, FabAlley and Indya, had raised Rs 207.4 million in June 2020.
Swimsuits, crop tops, bikinis in demand, says Poshmark
US consumers are shopping for summer wear, with relaxed COVID-19 restrictions and vaccinations. Analysts believe the pent-up demand for apparel and accessories will benefit Poshmark in the second quarter of 2021.
Raymond reports Rs 560 million net profits for Q4FY21
The share price of Raymond surged over 5% on May 7, 2021; a day after the company's fourth quarter results for FY21 was released. It announced net profits worth Rs 560 million and net sales of Rs 13.66 billion for Q4FY21.
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