Corporates

KKCL Acquires 50% Stake In Kraus Casuals For Rs 166.51 Crore

June 2, 2024

Kewal Kiran Clothing Ltd (KCCL) announced a strategic move with the acquisition of a 50% stake in Kraus Casuals Pvt. Ltd. (KCPL) for a total consideration of Rs 166.51 crore. This equity stake will be acquired through a combination of primary infusion and secondary purchase. By entering into

Corporates

Raymond Sells Stakes In Wholly-Owned Subsidiaries

March 24, 2024

Raymond Ltd, a prominent name in India’s fabric and fashion retail sector and a key player in the global suiting fabric market, has secured approval to divest its entire stake in its wholly-owned subsidiaries. The subsidiaries, Raymond Apparel Ltd (RAL) and Ultrashore Realty Ltd (URL), are set to undergo a change in ownership through a […]

Apparel, Fashion, Retail

Chinese Fashion Retailer Faces Challenges Before Proposed IPO

Textile Insights November 30, 2023

Singapore headquartered but originally China based fast fashion retailer Shein, has plans to launch an initial public offering next year with listing at the New York stock exchange. But the brand which still has manufacturing facilities in China faces allegations that its products contain cotton from Xinjiang province, a province which is accused of using […]

Apparel, Fashion, Retail

Apparel Group Celebrates The Launch Of Its 100th Fashion Chain – R&B Fashion in the GCC

April 23, 2023

Apparel Groups’ famous lifestyle and fashion brand R&B Fashion opened the doors of its milestone 100th store at The Avenues Mall, Kuwait. The grand opening was attended by key influencers and artists across the fashion industry, special guests including famous Kuwaiti actress Elham Alfadalah, officials of Apparel Group and attracted visitors and onlookers. The new