“The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market,” Biba said in a statement.
The Anita Dongre designer brand, AND Designs, aims to expand its presence globally by offloading 33 per cent stake to an international PE investor.
The brand is in talks with global PE fund company which will help the brand to get hold of the bandwidth to let the brand explore new international market. The stake sale will get the company an investment of Rs 100 crore.
General Atlantic is also in the race to invest in the company.
Talking about international retail plans, the brand wants to starts by expanding into GCC and South Eastern Nations. Though the brand already has a store in Mauritius, in next 2-3 years the aim is to have 15 stores in new markets including GCC nations, UK and US.
World’s third largest jewellery retailer, Malabar Gold & Diamonds, along with celebrating 20 years of existence has opened its 100th store in India. Located at Gold Souk, Gurgaon, with this new store the brand aims retail presence across the country.
The jewellery retailer has a strong presence across South India and Middle-Eastern countries will now expand it presence in cities including Gurgaon, Kolkata and Ahmedabad. Internationally, the brand aims to expand in Singapore, Sri Lanka, Indonesia, Malaysia and Bangkok, over the next few months. The new cities and countries are being looked at to accelerate sales.
“We have chalked out a long-drawn strategy to attract more and more young men and women and widen our product offerings to a more global audience. The company is embodying a change to help scale greater heights and to serve discerning customers better. As a step in this direction, Pink chic-the new mini boutique, Everafter wedding bands & Valent- men’s brand will be launched during the 20th anniversary celebration span. We are looking at a younger and more elite crowd which has a strong affinity towards the latest trends. This market is a major driver for growth in today’s industry and Malabar’s new avatar is all set to create a mark within this niche.” said M. P. Ahammed, Chairman, Malabar Group.
The store is running special offers for customers for next 21 days.
We have seen a plenty of QSRs that serve junk food and aerated beverages but today I attended a launch of a QSR which only sells and promotes healthy eating. Refuel as it is known, is a completely healthy way of eating while you shop at Select Citywalk. The first outlet has been opened as the part of Select Citywalk’s foodcourt Food Talk.
The store ensures that whatever you order is prepared right in front of your eyes using an open kitchen concept, no preservatives added.
For sandwiches, subs and wraps one can choose the vegetables that they would need. Interestingly, Vikram Khosla, Managing Director elaborates, “Generally all the QSRs that operate on open kitchen model serve fresh vegetables that might at times be unhygienic. So in order to ensure high standards of hygience, we saute the vegetables a little so that the impurities are gone.”
The adventure equipment and outdoor gear brand, Wildcraft, is in talks with PE investors to raise nearly Rs 65-70 crore investment. The investment will utilised to expand the brand presence across India.
Wildcraft which began operations in 1992 in Bangalore, it sells products including shoes, jackets, cheaters, convertibles, rucksacks, sleeping bags, tents and hiking accessories. The brand is available across 70 stores, 250 shop-in-shops and 1000 supermarkets. Clocked turnover cross Rs 100 crore in FY’13, the brand has created a niche in the market and currently competes with international brands including Timberland and Decathlon.
Indian retail market has a been a lucrative ground for PE investors as consumer sentiment still looks good and spending is coming in. Moreover, there is room for brands to expand and reach to a large untouched consumer base, which ensures returns and numbers, unlike other industries which due to lot of economic factor see a negative sentiment.
- Furla to invest Rs 6.6 crore in India; awaits FIPB approval (igrowcommunity.wordpress.com)
- Woodland to open 70 stores; aims Rs 1K crore turnover (igrowcommunity.wordpress.com)
The adventure sport apparel and footwear brand Woodland has unveiled its plans to expand it presence across India by adding stores and new product categories. With these plans the retailer aims a turnover of Rs 1000 crore by FY’14 end.
Currently, the retailer has 400 company owned and presence across 4000 multi brand outlets. The aim will be open 60-70 stores this year, with a strong focus on smaller cities and towns.
One of the leading denimwear brand, Pepe Jeans India has appointed Kavindra Mishra as the CEO. With this new post, Mishra will be responsible to expand the existing business portfolio.
Mishra, who holds a Master’s degree from IIM, Bangalore in 1999, started his retail journey as the Area Sales Manager at Madura Coats and stepped up the ladder at Madura Garments as Brand Manager for Allen Solly.
He served Allen Solly for five years and worked on successful campaigns including “Solly at Work”. He then moved Tommy Hilfiger in 2006 as VP, where he looked after the entire retail vertical of the brand in India.
In 2009, he joined United Colors of Benetton (UCB) to be their commercial director before he moved to Pepe.