100% FDI in Single Brand Product Retail Trading and upto 51% FDI
To attract leading international retailers for sourcing their garment and home textiles requirements from India, the Consolidated FDI Policy Circular 2020 provides 100% FDI in...
Category : Retail
JC PENNEY transfers USD 2.8Bn to Pension Beneficiaries
JC Penney has completed a transfer of pension risk to annuities provider Athene Holdings that ensures the bankrupt retailer’s retired employees will continue to receive...
A RAY OF HOPE..APPAREL RETAILERS IN THE US ON AN EXPANSION SPREE
LIST OF APPAREL RETAILERS in the US ON AN EXPANSION SPREE… Not all retailers are downsizing their physical assets in the wake of the pandemic....
Adidas & Reebok Part Ways
Adidas has decided to begin the formal divestiture process for Reebok as part of its new five-year strategy, details of which will be unveiled on...
Uniqlo outpaces Zara as most valuable clothier with $103bn
The value of Fast Retailing, the Japanese parent of casual clothing chain Uniqlo, reached USD ($103 billion) putting it at the top of the global...
Uniqlo ties up with Musée du Louvre in Paris
Uniqlo entered into a four-year partnership with Musée du Louvre in Paris that will see the Japanese fashion giant produce lines of clothing together with the museum, as...
Fashion for Good partners with Arvind Limited
Fashion for Good has joined forces with textile manufacturer Arvind Limited to launch a two-year pilot project utilise resource-efficient cotton farming technology provided by Materra...
H&M profits Decrease by 88.2% to £174.4m in the year to November 30, 2020
H&M said its financial position “remains strong” despite the losses The fashion retailer saw profit collapse by 88.2 per cent during the year to November...
Levi’s Collaborates with Target
Launches Collection for Home Goods, Pets Accessories and Apparels Levis’ will launch over 100 limited denim-inspired items spanning kitchenware, apparel and pet accessories on the...
PRIMARK HINTS AT BIG LOSSES DUE TO EXTENDED LOCKDOWN
LOSSES TO REACH £1.05 BILLION Primark parent company AB Foods has warned of a hit from lost retail sales of more than £1 billion if...