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Alibaba founder Jack Ma defends overtime work culture as 'huge blessing'

The e-commerce magnate weighed into a debate about work-life balance and the overtime hours demanded by some companies as the sector slows after years of breakneck growth. In a speech to Alibaba employees, Ma defended the industry’s ‘996’ work schedule, which refers to the 9 a.m. to 9 p.m. workday, six days a week. The issue has fueled an online debate and protests.

Shopping site asked to pay refund

A consumer court has ordered the online shopping website Flipkart to refund money and pay compensation of Rs 5,000 to a customer, who did not receive his money back after he returned articles he had bought online.

Walmart started talks for investment, ended in acquisition : Sachin Bansal

Bansal got a loud cheer from attendees when he walked up to the stage on Saturday, and, for the first time, opened up publicly about his exit from Flipkart, following Walmart’s purchase of a 77% stake in the Indian startup posterboy for $16 billion.

China's JD.com boss criticises 'slackers' as company makes cuts

Liu's comments, which Chinese media said were posted on his personal WeChat feed on Friday, are the latest contribution to a growing discussion about work-life balance in the tech industry as the sector slows after years of breakneck growth.

Amazon workers strike at four German warehouses

An Amazon spokeswoman said the company saw very limited participation in the strike across Germany, adding there was no operational impact so customer deliveries would not be delayed.

Jack Ma again endorses extreme overtime as furor rages on

Ma said forcing employees to work gruelling hours was “inhumane” -- but that some wanted to do so.

Election merchandise flying off the B2B ecomm shelves

Election fervour started gripping the country on March 10 when the Election Commission announced the schedule for 2019 general elections.

The Mumbai jobs case study that could've saved Jack Ma from a big controversy

Ma raised a storm when he said Alibaba didn't need workers who wanted a typical eight-hour office lifestyle.

Snapdeal to hire 120 engineers this year

"This resurgence also enabled Snapdeal to become the first e-commerce company in India to become cash flow positive, giving it the freedom to invest its earnings in growing the business," Snapdeal said in a statement.

E-tailers, startups plan to go big on hiring delivery staff

Swiggy, Grofers, MilkBasket and Shadowfax are doubling delivery teams this financial year, and biggies such as Amazon and BigBasket have equally aggressive plans.

Ahead of etail launch, Reliance Industries pulls out brands from rivals

Reliance wants to create exclusivity for global as well as its own brands to attract consumers to its portal.

Amazon to close domestic marketplace business in China

The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain a foothold.

Amazon to make premium phones affordable

Company plans tie-ups with banks to offer credit options to consumers.

With Reliance planning entry and Amazon & Flipkart spending big, CLiQ may lag: Analysts

Tata CLiQ’s strategic goal is sustainable profitable growth and the investments are in line with the demands of this industry.

Walmart, Amazon kick off government online pilot program

ShopRite will join the two retailers on the program early next week, said the U.S. Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, or SNAP.

With rising swipes, RuPay on par with retail in eShopping

HIGH RISE: Share of RuPay among overall card payments rose to 24% in January compared to less than 14% in May 2018.

Infibeam Avenues & Primechain Technologies collaborate for cross border blockchain invoicing

Infibeam targets $12 trillion global trade finance market, enters into collaboration with Primechain Technologies to develop cross border blockchain invoicing.

Flipkart CEO Kalyan Krishnamurthy denies exit

In a statement to Inc42, Krishnamurthy said reports making the rounds about his exit from the company are "baseless".

Alibaba head's remarks spark debate over China working hours

Jack Ma is one of China's richest men and his comments last week brought both condemnation and support as China's more mature economy enters a period of slower growth.

Paytm Payments Bank appoints Sairee Chahal to board of directors

“I am delighted to be a part of the team which is on a mission to bring millions of under-served and un-banked Indians into the economic mainstream," said Chahal.

Now, Nirav Modi’s cars to go under hammer

Metal Scrap Trading Corporation will conduct e-auction of the 13 cars seized by the Enforcement Directorate.

Nirav Modi intends to appeal for bail in UK High Court

“Mr Modi intends to appeal his bail decision, but he has not yet submitted the appeal,” a CPS spokesperson confirmed on Tuesday.

Bombay HC dismisses plea against auction of paintings allegedly belonging to Nirav Modi

A bench of Justices Akil Kureshi and Sarang Kotwal said that in a writ petition the HC could not get into the facts of how a notice was served. Besides, the HC observed that there is prima facie evidence of ownership of paintings by the company.

Natural diamonds to lose glitter in US

The largest diamond jewellery consumer base in the world is in the United States. Diamond industry leaders have decided to exert pressure on GIA and other international laboratories to differentiate natural and laboratory diamond in their reports, failing which they will ask diamantaires in Mumbai and Surat to stop sending their diamonds for laboratory grading to them.

How Nirav Modi stopped shell cos’ executives from returning to India

After much pleading, they were allegedly released only in batches of two; the key link to PNB is yet to return.

US likely to seek Nirav’s extradition from the UK

Under the RICO Act, Nirav Modi could face a jail term of up to 20 years in the United States.

Titan boosts Carat Lane valuation to about Rs 1k cr

Earlier this week, Titan increased its holding in the company to about 69.5% from its existing 66.4% for about Rs 100 crore, which roughly translates to a valuation of Rs 1,000 crore, according to data from research firm Edelweiss.

Nirav Modi scam: Government seeks more time to file progress report

The ministry asked for more time from the National Company Law Tribunal (NCLT) to submit the progress report on the investigations.

Labour union soon to be a reality of the diamond industry

Diamond Workers’ Union (DWU), registered with labour department in Gujarat, has begun to enroll diamond workers as members in a five-month long drive that began here on Friday.

Jewellers complain to election commission of police harassment

Jewellers have alleged that businesses and customers were being harassed by the police for carrying either cash or jewellery worth Rs 50,000 or more.

GJC delegation meets Election Commission, discusses harassment incidents

It has been reported that during a transit of jewellery at Coimbatore, the administrative authorities seized the jewellery.

Rural gold demand likely to rise this Akshaya Tritiya

In the spot market, gold was trading at Rs 32,000 per 10 gram.

Jewellery trade gets an insurance shock

This was evident when a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore.

Gold snaps 4-day losing streak, gains Rs 170 on jewellers' buying

Traders said rise in demand from local jewellers led to the uptick in gold prices though a weak trend overseas capped the gains.

Mehul Choksi cries foul, claims real scam culprits free

Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and being protected, while he has been implicated without any evidence.

Another diamond firm with Rs 3,000 crore dues declared bankrupt

Industry sources said that with yet another diamond company going bankrupt, bank finance in the industry is going to be tougher.

Gitanjali Gems headed for liquidation over delays

Choksi and his nephew diamantaire Nirav Modi are absconding after the huge financial fraud came to light in February 2018 and are facing extradition from Antigua and the UK, respectively.

Govt removes ED Mumbai chief over Nirav Modi case controversy

They said the IPS officer has been found guilty of exceeding his brief and interfering with the powers of the ED director and official procedures.

DeMo: ED seizes 146 kg gold jewellery worth over Rs 82 cr of Hyderabad group

The Enforcement Directorate (ED) had filed a criminal case of money laundering against these people based on an FIR of the Telangana Police and a complaint of the Income Tax Department for "blatantly misusing the scheme of demonetisation by illegally depositing huge amounts of unaccounted demonetised cash in their accounts."

Expect 10-30% increase in sales during Akshay Tritiya: Jewellers

Jewellers said that the sales graph is on an uptrend and the consumer buying sentiment has been good since Gudi Padwa.

Titan Q3 net profit up 46 pc to Rs 411.09 crore

Total income during the quarter stood at Rs 5,934.11 crore, up 35.34 per cent as against a total income of Rs 4,384.4 crore in the year-ago period, the company said in a BSE filing.

Now, Nirav Modi’s cars to go under hammer

Metal Scrap Trading Corporation will conduct e-auction of the 13 cars seized by the Enforcement Directorate.

Zivame raises Rs 60 cr in funding led by Zodius, others

Zivame has over 30 retail stores and aims to expand to more than 60 in a year. It also aims to strengthen its presence in major malls and high streets with a special focus on tier-I cities.

Gucci to add sparkle with high-end jewels, Kering's Pinault says

Jewellery has been one of the best performing corners of the luxury industry in 2018, according to consultancy Bain & Co, which forecast that comparable sales in the 18 billion euro global market were set to progress 7 percent this year.

Nirav Modi intends to appeal for bail in UK High Court

“Mr Modi intends to appeal his bail decision, but he has not yet submitted the appeal,” a CPS spokesperson confirmed on Tuesday.

Bombay HC dismisses plea against auction of paintings allegedly belonging to Nirav Modi

A bench of Justices Akil Kureshi and Sarang Kotwal said that in a writ petition the HC could not get into the facts of how a notice was served. Besides, the HC observed that there is prima facie evidence of ownership of paintings by the company.

Alcis Sports is turning plastic bottles into lightweight T-shirts

Each t-shirt saves approximately 27 litres of water, uses 50% less energy to produce and reduces carbon emission by over 54%.

El Chapo's wife to launch clothing brand using drug lord's name

"I have a project for a line of clothing... It is my goal to promote my style and Joaquin's," said Emma Coronel, the 29-year-old wife of the former Sinaloa cartel boss, on her Instagram account, where she has more than 100,000 followers.

Dress code: 'Modi sarees' in vogue, script new style this poll season

Earlier, Modi and Rahul jackets were being sold in the markets for the respective supporters.

Natural diamonds to lose glitter in US

The largest diamond jewellery consumer base in the world is in the United States. Diamond industry leaders have decided to exert pressure on GIA and other international laboratories to differentiate natural and laboratory diamond in their reports, failing which they will ask diamantaires in Mumbai and Surat to stop sending their diamonds for laboratory grading to them.

How Nirav Modi stopped shell cos’ executives from returning to India

After much pleading, they were allegedly released only in batches of two; the key link to PNB is yet to return.

Jackets and sarees done, now Modi masks, T-shirts take over

Modi supporters wore T-shirts printed with the message 'Main Bhi Chowkidar' at his Kolkata rally.

Raymond group enters real estate; launches Rs 3,500 cr maiden project in Mumbai

Raymond group, the country's leading fashion and textile retailer, is foraying into the real estate development business, the company said in a statement.

Titan Q1 profit jumps 31% YoY to Rs 349 crore

Revenue for the quarter rose to Rs 4,318.85 crore from Rs 4,026.64 crore in the year-ago quarter.

Lenskart puts aside Rs 71 crore to build its contact lens unit

Lenskart will spend on product innovation, backend integration and enabling trials, while positioning it as a fashion category.

Under Armour to open stores, take on Nike, Adidas

The company has roped in former Adidas veteran Tushar Goculdas, as MD of its India operations.

US likely to seek Nirav’s extradition from the UK

Under the RICO Act, Nirav Modi could face a jail term of up to 20 years in the United States.

Richemont sells luxury leather bagmaker Lancel to Piquadro

Richemont, the owner of Cartier jewellery as well as watch brands including Piaget and IWC, said the deal would have no material impact on its balance sheet, cash flow or results for year ending 31 March 2019

Meet Kuruvilla Markose, the man who has put Titan’s digital transformation on the fast track

Markose seems to have segued into his role pretty well. He has spent all of his two decade long career in Tata Group. He has been in customer facing roles across different group companies.

Lenskart hires senior executives for top posts

The Faridabad-based company has named Oliver Kaye, who formerly led global apparel and accessories retailer The Gap’s Indian operations, as its chief operations officer and chief business officer,

Titan boosts Carat Lane valuation to about Rs 1k cr

Earlier this week, Titan increased its holding in the company to about 69.5% from its existing 66.4% for about Rs 100 crore, which roughly translates to a valuation of Rs 1,000 crore, according to data from research firm Edelweiss.

Nirav Modi scam: Government seeks more time to file progress report

The ministry asked for more time from the National Company Law Tribunal (NCLT) to submit the progress report on the investigations.

Adidas seals partnership with singer Beyonce

Adidas, which also has a partnership with Kanye West, said on Thursday it will work with Beyonce on creating performance and lifestyle products, including signature footwear and clothing.

Expansion of organised retail has bolstered the presence of scent brands in India: Rajiv Suri, Shoppers Stop

Projected to grow from Rs 20 billion to 30 billion market over the next five years, the category has come a long way from the traditional days of ittar. Rajiv Suri, MD and CEO of Shoppers Stop, deep dives into the scent segment from the retailer’s portfolio this summer.

Labour union soon to be a reality of the diamond industry

Diamond Workers’ Union (DWU), registered with labour department in Gujarat, has begun to enroll diamond workers as members in a five-month long drive that began here on Friday.

For the rest of the year we will be on target: Bhaskar Bhat, Titan

Titan MD explains why jewellery sales failed to keep pace with target in Q1

Attention, fashion Nazis! Alexander McQueen, Yves Saint Laurent are coming to India

The first of these stores is likely to come up at DLF’s Chanakya mall in Delhi.

After demonetisation & GST, Indian luxury market now hit by stock and currency fluctuations

The overall market contraction has translated to cut downs in sales teams on the shop floors or staffers foregoing incentives after hanging on to their jobs.

Xiaomi leads India wearables market in Q3 2018: Report

Xiaomi and GOQii are followed by Titan, Samsung and Fossil in terms of market share.

Baggit's mass media campaign: What's in this bag?

Baggit launched its first mass media campaign, with a Bollywood face. Is it enough to stem the tide in this suddenly hypercharged category?

We are growing because of tailwinds in all sectors: Dilip Piramal, VIP Industries

“It will be a long time before Bangladesh starts to make a bigger contribution in our working.”

Footwear is biggest story for us: Biyani

Elaborating on the trend he said that while women have a minimum of 20 pairs of footwear on an average, men are moving towards owning 20 pairs. “Footwear is the biggest story for us,” he added.

PV Sindhu signs approximately Rs 50 crore deal with Li Ning

"Sindhu's deal is one of the biggest in world badminton. It is close to Rs 50 crore for sponsorship and equipment," director of the firm which is the multi-national exclusive partner of Li-Ning in India said.

Jewellers complain to election commission of police harassment

Jewellers have alleged that businesses and customers were being harassed by the police for carrying either cash or jewellery worth Rs 50,000 or more.

Relaxo eyes Rs 2,500 crore turnover this fiscal

The company also plans to open 50 standalone outlets in the current fiscal, taking total count to over 350 stores.

This tech can turn old clothes into fresh fabric

Spinnova, based in Jyvaskyla, Finland, built a technology that creates fibre from cellulose, without the environmental challenges of older materials, Fast Company reported.

Titan Q2 net rises 8 pc to Rs 301.11 cr

Titan said as on September 30, 2018, as a part of treasury operations, it has invested in inter-corporate deposits amounting to Rs 145 crore with IL&FS and its subsidiary.

Richemont highlights volatile consumer demand as net profit falls

"Amidst growing volatility in consumer demand, partly attributable to an uncertain economic and geopolitical environment, we maintain confidence in our ability to realise our long term ambitions," the maker of IWC watches and Cartier jewellery said in a statement on Friday.

GJC delegation meets Election Commission, discusses harassment incidents

It has been reported that during a transit of jewellery at Coimbatore, the administrative authorities seized the jewellery.

Levi Strauss revenue rises in first post-IPO quarterly report

The company's shares rose nearly 3 percent to $22.25 in extended trading.

Crocs to outsource manufacturing of clogs, other footwear

Crocs is also closing less productive retail stores as leases expire and focusing more on online sales.

Rural gold demand likely to rise this Akshaya Tritiya

In the spot market, gold was trading at Rs 32,000 per 10 gram.

Sachin's True Blue tie-up, Fabric Monde, launches 'handcrafted' shirts

The shirts would be available in the 50 plus stores of True Blue present across the country

Louis Vuitton keeps rivals on their toes with solid sales

Some luxury manufacturers are struggling more than others to hold onto their all-important Chinese clients, who make up over a third of industry sales and are increasingly spending on high-end wares at home rather than overseas.

Uniqlo owner Fast Retailing cuts outlook after winter discounts

Uniqlo, known for its simple and affordable clothes such as lightweight down jackets, has been battling saturation in its main home market of Japan, but has managed to offset that by logging strong growth in China.

Ted Baker appoints new CEO as probe into founder's conduct ends

After Kelvin stepped down, the investigation's focus turned to the company's policies, procedures and handling of human resource-related complaints, identifying several areas for improvement.

Cloud, AI drives Fabindia’s journey from rural crafts to high-end stores

In the age of e-commerce, the superstore is fighting for relevance. A competitive edge is only maintainable when business leaders know how to refine processes with the infusion of the right technology.

KL Rahul’s street wear brand ‘GullyLiveFast’ partners with Kolkata Knight Riders, Delhi Capitals

The brand will offer fans of the respective IPL teams a wide range of fashionable street wear collection which they can wear and flaunt during the season.

Katy Perry criticised for racist 'blackface' shoes; online retailers pull designs

The shoes from Katy Perry Collections comes in two shoe colours.

Future Group exits JV with Skechers

Last year, Future Group, which also owns footwear brands such as Lee Cooper, Converse, and Clarks, said it expects to clock Rs2,500 crore in revenue from footwear sales in 2019.

Skechers USA purchases minority shares of its Indian JV

The Skechers India subsidiary will continue operating under its existing structure and from its existing headquarters location in Mumbai.

Adidas elevates India head Dave Thomas, assigns him to look emerging markets

He is replacing Martin Shankland, who has been elevated to the Adidas executive board responsible for global operations effective.

A gift from Adidas: Swapna Barman gets customised shoes to fit 12-toed feet

Barman was born with six toes in both feet which made it difficult for her to fit into regular shoes.

Brand Titan is top of the pops in terms of growth but all brands are growing: Bhaskar Bhat

Benefits of formalisation of economy are disproportionately in our favour, says Titan MD

Gucci-fever helps Kering beats sales forecast in Q4

Kering said sales rose 21.4 percent year-on-year to 4.26 billion euros ($5.25 billion) between October and December, up 27.4 percent on a comparable basis.

Luxury spending in India sees a 4% growth rate from 2013 to 2018

Demand is expected to be strong owing to country’s favourable demography & long-term economic prospects.

Titan ties up with American watchmaker FTS

As part of the partnership, Titan will further extend its support to FTS by supplying quartz movement kits and training the US engineers.

Adidas says supply chain problems to rein in sales growth

Adidas said currency-neutral sales growth would slow to between 5 and 8 percent in 2019, from 8 percent in 2018, with supply issues accounting for a 1-2 percent fall as it struggles to meet strong demand for mid-priced apparel.

Walmart's Jet.com to offer Nike products in bid for urban consumers

Jet's relationship with Nike is less about the Nike product and more about how consumers go about discovering a sneaker or running shoe, Jet executives said.

Leather brand Kompanero to open exclusive stores in Europe

The company already has a presence in Europe, Japan, and Korea via distribution networks.

Now, Kohli's athleisure brand scores a century

Kohli gets to keep 10% of that amount as royalty according to the terms of the agreement with Puma, said sources.

Jewellery trade gets an insurance shock

This was evident when a logistics company official last week ran away with 11 kg of gold jewellery worth Rs 3.5 crore.

IBM looks to enhance retail stores with 'Smart Mirror' technology

Offline retailers face increasing competition from new-age rivals like Amazon and the Walmart-owned Flipkart. This has been the primary reason that offline retailers have been investing in their technology capabilities.

Growth is going to come from both premium segments and move into tier 3, tier 4 towns: Sandeep Kataria, Bata India

“We have also been able to improve our operating margins by more than a 1%."

Gold snaps 4-day losing streak, gains Rs 170 on jewellers' buying

Traders said rise in demand from local jewellers led to the uptick in gold prices though a weak trend overseas capped the gains.

Mehul Choksi cries foul, claims real scam culprits free

Key accused in the PNB fraud case, Mehul Choksi on Monday said that the actual culprits of the Rs 14,000 crore fraud are roaming free and being protected, while he has been implicated without any evidence.

Bernard Arnauld of LVMH pledges 200 million euros to help rebuild Notre-Dame cathedral

The Arnault family and LVMH expressed solidarity after this tragedy.

JD Sports posts higher FY profit in tough retail space

The company has bulked up over the past year with the purchase of U.S.-based Finish Line and smaller rival Footasylum, and has gained from the "athleisure" trend, which sees people sporting gym clothes at work, school and other social occasions.

Shoe store charges Rs 3 for bag, fined Rs 9,000

The firm was directed to refund Rs 3 wrongly charged for the paper carry bag; pay Rs 3,000 as compensation for mental and physical harassment.

How Radhika Piramal is steering VIP Industries towards bigger and global roads

Piramal’s daughter Radhika must be given the credit for creating VIP Industries as it looks today.

Another diamond firm with Rs 3,000 crore dues declared bankrupt

Industry sources said that with yet another diamond company going bankrupt, bank finance in the industry is going to be tougher.

Gitanjali Gems headed for liquidation over delays

Choksi and his nephew diamantaire Nirav Modi are absconding after the huge financial fraud came to light in February 2018 and are facing extradition from Antigua and the UK, respectively.

Govt removes ED Mumbai chief over Nirav Modi case controversy

They said the IPS officer has been found guilty of exceeding his brief and interfering with the powers of the ED director and official procedures.

Raymond Weil expects India to be among top 5 market globally in next 4-5 years

Raymond Weil sees huge 'potential' in the Indian market, which ranks around 12 to 13 in its overall global sales, said Raymond Weil Director Olivier Bernheim.

DeMo: ED seizes 146 kg gold jewellery worth over Rs 82 cr of Hyderabad group

The Enforcement Directorate (ED) had filed a criminal case of money laundering against these people based on an FIR of the Telangana Police and a complaint of the Income Tax Department for "blatantly misusing the scheme of demonetisation by illegally depositing huge amounts of unaccounted demonetised cash in their accounts."

Expect 10-30% increase in sales during Akshay Tritiya: Jewellers

Jewellers said that the sales graph is on an uptrend and the consumer buying sentiment has been good since Gudi Padwa.

Scorching summer could not cut it for the sunglass division of Titan Eyeplus

“Sunglasses form one-third of our sales. Our country is hot and humid but the penetration of sunglasses is still low. The year-on-year growth is a high single digit. There is still snob value attached to wearing a sunglass,” said Gupta.

From LVMH to Gucci, billionaires come to Notre-Dame's rescue; questions about needy, taxes arise

More than $960 million has come in from French families and international corporations.

3 Indian cos among global fastest growing luxury brands: Report

According to the report, Titan had a sales growth of 23.6 percent in the financial year 2017 and a CAGR of 19.7 percent between the financial year 2015-17, emerging as the fourth fastest growing global luxury goods company.

Adidas will open bigger stores in India

According to Thomas, consumers want to come and spend more time in the bigger stores because there is more to see, more to buy and more to experience. Hence the decision was made to open bigger store format for Adidas.

Adidas signs endorsement deal with athlete Hima Das

Das will now be equipped with the very best offerings from Adidas for her racing and training needs, the company said.

The key to luxury experiences is story telling: Manmeet Vohra

Manmeet Vohra is a leading name in the luxury and lifestyle industry.

Fashion company Nine West files amended bankruptcy plan

Nine West, which owns brands such as Anne Klein and Gloria Vanderbilt, said it will also receive a three-year purchase commitment from Belk Inc for an assortment of merchandise across the company's businesses.

High-end fashion trumps jewellery spending in 2018

Affluent Indians' spending on high-end fashion and electronics has grown, and even surpassed jewellery spends, finds a report.

JD Sports to buy Footasylum at half its float price

Footasylum shares jumped 74 percent on Monday, trading slightly below JD's all-cash offer price of 82.5 pence per share. The company's initial public offering was priced at 164 pence in November 2017.

Back to the future: Puma revamps 32-year-old RS-Computer shoe

The newer version retains the predecessor’s look.

Puma edges past rivals in India sales to emerge as top sportswear brand

Puma reported sales of Rs 1,157 crore for a period of 12 months ending December 2018 up from Rs 958 crore for the corresponding period a year ago. India is the only market globally where the German sports lifestyle brand has surged ahead of sportswear giants such as Nike and Adidas.

Baggit to commence retail growth journey in Tier II, III cities

Currently holding 52 exclusive Baggit stores and 1000+ retail doors via large format stores and multi-brand outlets, the online retailer is keen to open a lot more outlets in each city of India

Puma goes up-market with joint collection with Porsche

Puma announced it was replacing German rival Adidas as Porsche's partner last month, and they presented the first shoes and garments at an event at a nightclub in Berlin on Thursday, which will go on sale on March 1.

Nike stumbles into social media storm after basketball star's shoe splits

Zion Williamson, a 6-foot-7-inch freshman forward for the Duke Blue Devils who is anticipated to be the top 2019 NBA Draft pick, suffered a mild sprain to his right knee because of the incident, according to his coach Mike Krzyzewski.

This hi-tech shoemaker shows the way to visually challenged

‘LeChal’, according to Krispian, helps the visually impaired navigate with the help of high-end sensors and vibration motors embedded inside the pods of soles that guide the wearer in the right direction.

Crocs doesn't see local manufacturing viable in India

Teffner's statement echoes with several other foreign footwear and apparel brands that have localised manufacturing of products that can easily be made in India. For the more premium part of their portfolio that requires hi-tech manufacturing processes, these companies still rely on imports.

India among top 6 markets for Crocs: CFO Carrie Teffner

“India will grow as one of the top-tier markets because we know the potential here is fantastic,” Teffner said in an interview with ET here on Tuesday. Globally, Crocs sells 55 million pairs of footwear every year.

Will India’s diamond cutting operations shift to Israel, Belgium?

India is the world’s largest cutting and polishing centre of rough diamonds, and it is said that 14 out of every 15 rough diamonds in the world are polished here.

Liberty scion drags father, others to court over property

The 30-yr-old is demanding additional stake in all properties and assets of Liberty Footwear Group Company and HUFs, which have substantial holdings in Liberty Shoes and Liberty Footwear group firms.

Onitsuka Tiger targets 12 stores in India by 2020

As per its strategy, it will build up a sales network by adding 3-4 stores every year on franchise model to cash in on increasing and growing appetite for luxury things.

India in the top five markets for Spanish luxury brand Lladro

The Valencia-based brand entered India 13 years ago with limited edition sculptures of Hindu gods and classic pieces like cherubs and ballerinas

Nike is no. 1 in the global sneaker market

Nike is number 1 in the global sneaker market with sales of $22.3 billion. It is followed by Adidas and Asics.

WK lifestyle to enter Indian mobile phone accessories market

"We are planning to open around 200 stores in the next two years," WK lifestyle India Director Rohit Sahni told .

Crocs to cross 100 stores mark in India

India is one of the fastest growing markets for Crocs and sixth largest globally and the company is turning towards India to fuel its next phase of growth.

Under Armour to open 10 stores in India this year

The company believes that it was the right time for them to enter the Indian market.

Sneaker Speak style culture giving a push to premium sneaker market in India

The country is seeing a rise in the subculture of sneakerheads — people who collect, trade or admire sneakers.

World's 'most expensive' pair of shoes has arrived, for Rs 123 cr!

The pair is created in collaboration with UAE-based brand Passion Jewellers.

India can be one of the fastest growing markets for Under Armour: COO

The company will be opening 10 stores in the country during the first year and will assess the roadmap for expansion after seeing the growth. The company believes that it was the right time for them to enter the Indian market.

We will continue to be associated with cricket, no intent to scale back: Dave Thomas, MD, Adidas-India

The new stores are bigger and better. Our online business is growing at a healthy pace. It is a fast-growing channel.

Liberty shoes forays into lifestyle retail

Liberty Lifestyle has introduced its first range of perfumes, commencing its entry into fast growing fragrances segment, the company said in a statement.

Why luxe brands are all using the same font

Shortly before London Fashion Week, Burberry Group Plc unveiled a new version of its logo before the first runway collection under new Chief Creative Officer Riccardo Tisci.

Lululemon posts strong sales, tops estimates in 4Q

The Vancouver, British Columbia-based company said it earned net income of $218.5 million, or $1.65 per share, in the fourth quarter. Earnings, adjusted for pretax expenses, came to $1.85 per share.

The focus will be on entering new markets in Southeast Asia: Dilip Kapur, Hidesign

Spread over two levels, the Sarajevo store exudes the values of Hidesign: luxury, heritage, craftsmanship, and warmth - all of it natural.

Brazilian slipper brand Havaianas to invest $20 mn in India

Havaianas plans on aggressively focusing on 10 top cities to speed up the distribution and achieve its full potential.

PVH to exit high-end collection of Calvin Klein label

The company also said it was in talks with its North America apparel partner G-III Apparel Group LTD to license out the brand's women's jeans unit.

Aditya Roy Kapur launches fashion label with USPL

The Single range encompasses men’s casual wear including jeans, shirts, tees and footwear starting at Rs 1,500.

H&M shares fly off the shelves as turnaround strategy shows promise

Shares in H&M, the world's biggest clothing retailer after Zara-owner Inditex, surged as much as 15.8 percent as the Swedish group said it expected sales at discounted prices to continue to fall in the current quarter.

H&M ties up with Myntra, Jabong to sell online in India

A spokesperson for H&M told ET that the collaboration will be important to H&M’s existing physical and digital stores in India.

Ikea to set up centralised call centre in Hyderabad

Antoni said Ikea will also be setting up its centralized distribution hub on Pune’s outskirts to cater to all its India stores. While to begin with, a nearly 200,000 sft leased warehouse will open in Pune by October-November 2017.

Ikea to open India distribution centre in Pune by December

The one-lakh square feet warehouse will supply Ikea products to all the upcoming stores in the country. The company plans to open 25 stores.

De Beers to invest $140 million for marketing in India, US, China

The increased investment will be focused on generating further consumer demand for diamond jewellery in the leading markets like US, China and India.

How Arvind Ltd is betting on newer businesses to move up the value chain

Technical textiles are now Arvind's bigger bets, along with water and wastewater treatment

DLF Brands to close down women’s accessories brand Claire’s in India

The company has filed for Chapter 11 in the US and that is the reason we are closing the stores, said Timmy Sarna, chief executive of DLF Brands.

Kendall & Kylie Jenner unveil an affordable line of handbags and accessories

Their accessory line features 42 styles of fanny packs, backpacks and satchels.