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    New Opening

    Textile demand momentum to continue in FY23: India Ratings



    Admin
    Feb 21, 2022

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    Reduction in impact of Covid-19's third wave, as well as accelerated re-opening activities, will boost textile demand in FY23, said India Ratings and Research (Ind-Ra).The ratings agency cited that reduction in logistics issues for export demand will aid in keeping healthy demand.

     

    Domestic demand for all the textile sub-sectors has continued to improve from 2QFY22, after a slight dip in 1QFY22. The increased demand momentum along with the supply chain issues has increased the realisations," it said.

    "Demand for cotton remained all-time high in 2HFY21, leading to reduced opening stock for the new cotton season. The rise in prices of cotton has led spinners to accumulate the stock."

    Furthermore, it said that demand for MMF (man-made fibre) has continued to increase, mainly due to the rise in cotton prices, leading to a shift of demand from cotton to MMF, to an extent.

    "The demand momentum sustained for home textiles in the domestic market because of improved consumer spending."

     

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

     

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    New Opening

    Trident Launches its Own E-commerce Portal " myTrident. com" in India



    Admin
    Oct 09, 2021

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    After a successful penetration across Indian markets with its exclusive showrooms, Trident Group, a business-to-business manufacturing giant based in Ludhiana has knocked the doors of Indian households with its own e-commerce portal www.myTrident.com. ADirect-to-Consumer website, myTrident.com. was launched 7th October on the auspicious occasion of the Navratri.

    myTrident.com features top quality products from the house of Trident Group ranging from towels, bedsheets, paper, notebooks, bathrobes, rugs, cushions and more. Customers can avail of up to 55% discount on myTrident.com and make the most of Trident''s famous gifting range for the festive season. Trident further plans to announce more exciting discount offers during Diwali.

    On the occasion, Mr. Rajinder Gupta, Group Chairman said, “It’s a new era for Trident and a moment of great pride that we are now taking a major leap towards reaching the consumers directly. Trident has been world renowned for its high quality products which until now were enjoyed by our global customer base and domestic retail customers. With myTrident.com, anyone from any part of India can now purchase these products at the best of prices. We look forward to a great response and reaching out to more and more consumers with myTrident.com. This is just the beginning for us and our next step is making myTrident.com live for customers across USA within next three months," added Mr. Gupta.

    About Trident Group

    Trident Limited (NSE: TRIDENT; BSE: 521064) is the flagship Company of Trident Group, a USD 1 billion Indian business conglomerate and a global player. Headquartered in Ludhiana, Punjab, Trident Limited is a vertically integrated textile (Yarn, Bath & Bed Linen), Paper (Wheat Straw-based) and Chemicals manufacturer with captive power generation facility. It is also one of the largest players in home textiles globally.

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

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    New Opening

    Debenhams launches new online marketplace following Boohoo takeover



    Admin
    Oct 08, 2021

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    The website, launched by marketplace software as a service (SaaS) platform Mirakl, will help bolster Debenhams visitor numbers, though its website already pulls in some 300m visits a year.

    The 240-year-old British retailer has already rolled out 200 brands onto the new marketplace, as it looks to become the country’s largest digital destination for fashion, beauty, sport and homeware products.

    Boohoo chief information officer, Jo Graham said: “With the launch of this marketplace, we are evolving the Debenhams brand to stay ahead of the demands of the current digital-first world of commerce.

    “Our partnership with Mirakl is critical to this evolution.”

    The launch of the marketplace follows the acquisition of Debenhams by Boohoo in January for £55m.

    However, Boohoo did not retain any of the high street retailer’s stores, which resulted in the loss of some 12,000 jobs.

    The fresh online offering will also accelerate Boohoo’s ambition to lead in categories beyond fashion, like beauty, sport and homeware.

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

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    New Opening

    Levi's & actress Deepika Padukone launch capsule collection in India



    Admin
    Oct 07, 2021

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    American clothing company Levi’s on Wednesday announced the launch of a collection in association with its global brand ambassador and actor Deepika Padukone. The collection will be available at Levi’s retail outlets, Levi.in and select partner e-commerce platforms from 8 October, the apparel retailer said in a statement. Padukone was roped in as the Levi’s global brand ambassador earlier this year. She has since been spearheading its campaign focused on an all-new range of fashion fits from Levi’s.

    The latest collection re-imagines Levi’s classics through its range of jeans and denims while introducing Padukone’s signature favourites like athleisure pieces, edgy faux leather pants and oversized shirts, the company said.

    The range will include varsity jackets, co-ord sweatsuits, crop-tops and bralettes. It also features contemporary interpretations of Levi’s denims with new on-trend 70’s-inspired high waist jeans and cut and sew wide-leg silhouettes.

    “We are absolutely thrilled that Deepika Padukone’s first collaboration as brand ambassador for Levi’s is so iconic yet personal. Levi’s has always believed in ‘authentic self-expression’ and the collaboration is just that. We wanted to work with Deepika because of her iconic sense of style and its influence on consumers. Her understanding of colours, fabrics and silhouettes is unique and extremely individual," Sanjeev Mohanty, SVP and MD—South Asia, Middle East and Africa, Levi’s said.

    The collaboration will also see the introduction of newer fabrics, finishes and fits.

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

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    New Opening

    Satya Paul by Rajesh Pratap Singh to Launch Tencel fibres at LFW India



    Admin
    Oct 04, 2021

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    Fashion Design Council of India (FDCI) x Lakmé Fashion Week (LFW) is all set to host a live showcase of Carbon Zero Tencel fibres and Satya Paul by Rajesh Pratap Singh at the finale of Sustainable Fashion Day of LFW 2021. The event beginning from October 5 will mark the entry of Carbon zero Tencel branded fibres in India with ‘The Master’s Words’ collection, a sustainable collection that will pay a tribute to late Satya Paul who passed away earlier this year.

    As a brand, Satya Paul has echoed sustainability over the years and experimented with a range of fabrics. The upcoming ready-to-wear collection in association with the Carbon zero Tencel fibres by Lenzing is a stride in this direction and addresses the growing demand around circular fashion and carbon neutrality, the company said in a press release.

    In addition to having a higher environmental value, the Carbon zero Tencel fibres will also feature the functional benefits of standard Tencel fibres including gentleness on the skin, long-lasting softness, silky smoothness, enhanced breathability and colour retention.  These fibres are certified as CarbonNeutral and Lenzing’s key initiative towards its goal of reaching net zero carbon emissions by 2050.

    “We are pleased to introduce our most innovative offering – Carbon zero Tencel fibre at this season’s Lakmé Fashion Week. It is an honour to co-present a collection that is an ode to the late Satya Paul, an artist extraordinaire who redefined traditional Indian fashion. At Lenzing, we are on a journey to true carbon zero, with a vision to achieve net-zero emissions by 2050 and contribute to a carbon neutral fashion industry. Our collaboration with Satya Paul by RPS will allow consumers to explore the frontiers of aesthetic appeal and make a difference to our planet,” said Avinash Mane, commercial director, South Asia, Lenzing Group, about their association.

    True to Satya Paul’s brand DNA, creative director Rajesh Pratap Singh will present a contemporary collection for men and women that embody bold prints and silhouettes that go from street wear to evening wear.

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

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    New Opening

    India's National Single Window System for investors, firms launched



    Admin
    Sep 24, 2021

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    India yesterday launched the National Single Window System (NSWS) for investors and companies for government approvals and clearances. Minister for commerce and industry, textiles, consumer affairs & public distribution Piyush Goyal said NSWS will usher in freedom from the legacy of running to different government offices for approvals and registrations.

     

    The portal will improve ease of conducting business, offer respite from loads of paperwork, and reduce duplication and information asymmetry, the minister was quoted as saying in an official release.

     

    The portal currently hosts approvals across 18 central government departments and nine states. Another 14 central departments and five states will be added by December this year.

     

    Services include know your approval (KYA), common registration and state registration form, document repository and e-communication.

     

    Disclaimer: This information has been collected through secondary research and posted by third party therefore textielmarket.in is not responsible for any errors in the same.

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