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Fablestreet looks forward to enter offline market with a fund of Rs.21 crore

The luxury clothing brand Fablestreet has announced a closure of Rs 21 crore in Series A Funding round by Fireside Ventures.

Pradeep Parameswaran, president for Uber India and South Asia and Dilip Khandelwal, MD and head of Technology of Deutsche Bank were among others to participate in the round.

Fablestreet plans to use the funds to take a step forward and expand its market. With a decent online reach, the firm is planning to add product categories and mark offline presence as well. To escalate the growth and improve brand building, the clothing brand is looking to hire senior professionals.

Speaking about the fundraise, Ayushi Gudwani founder and CEO of Fablestreet in a statement said, “We are building a one-stop destination for all lifestyle needs of professional women. Since launch, we have seen massive product acceptance, globally, and our ‘My Style, Your Fit’ concept to offer bespoke fits has to be the real differentiator. We are excited to partner with Fireside on this journey to scale Fablestreet.”

According to the reports of Inc42, Fablestreet is also planning to invest in AI to build a customer recommendation engine, strengthen product development and set up a tech-enabled efficient supply chain.

Elaborating on the brand’s views and market value, Dipanjan Basu, partner and CFO at Fireside Ventures added, “We have been impressed with strong brand followership and customer excitement for FableStreet. The brand has a sharp understanding of customer needs and has constantly evolved to provide quality and unique solutions to address them.”

LVMH-Tiffany, Kering-Moncler: What’s the Deal?

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Speculations are rife about the acquisition of Italian ski wear maker, Moncler SpA by Gucci’s parent company Kering. This comes as a jibe after LVMH recently acquired American luxury jewellery retailer Tiffany’s in a $16.2 billion deal.

For the uninitiated, in 2001 LVMH Chief Executive Officer Bernard Arnault was beaten by Kering founder Francois Pinault for control of Gucci. Since then, both the giants have made many deals and acquisitions to have a greater market share, shaping the face of the luxury market around the globe.

Look closely, each pair of eyewear, clothing, watches you own are somewhere adding to the riches of these two men.

In its kitty,Kering has Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney just to name a few. Whereas Arnault’s LVMH has Bulgari, Celine, Christian Dior, Fenty Beauty by Rihanna, Givenchy and more.

On one ground 70-year-old Arnault, has a clear lead, he is the richest person in Europe with a $101.8 billion fortune. But the race is to have a bigger and better portfolio than the other brand. According to data compiled by Bloomberg, Kering has announced at least $14.7 billion of acquisitions since 1995, compared with at least $45.5 billion for LVMH.

LVMH is THE luxury giant in Europe with a market value of more than 200 billion euros compared to its counterpart with 68 billion euros worth market share and an ever-growing Gucci under its belt.Gucci provided more than three-quarters of its operating profit in the first half of the year making Kering increasingly dependent on its profit and signalling that the brand needs to be more diversified.

Hence eyeing Moncler – not only to keep pace with its rival but also for Moncler’s steadily growing market value since the past decade.

Snapdeal to reach out to Tier 3 towns

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Indian e-commerce company Snapdeal has strengthened its network by planning to cater its services to a larger customer base. Adding 3,500 new pin codes to the list, the e-commerce network will now reach out to more than 26,000 pin codes all across the country.

Statistics claim that the firm saw a 50% growth in its sales over last year and 90% of the orders came from non-metro cities. Keeping the numbers in mind, the firm will now deliver to Tier 1 and Tier 2 cities and most of the Tier 3 towns of India. From small towns of Uttar Pradesh, Kerala, Sikkim, West Bengal to Nagaland, the list includes it all. 

A Snapdeal spokesperson in a statement said, “The network expansion is a logical next step of our leadership in Bharat-focused e-commerce. This growth in our reach reflects the vast potential of value-focused e-commerce in our country and we plan to add more areas to our network in 2020.”

The spokesperson further added that Snapdeal uses an extensive network of third-party logistics providers to ensure that sellers can ship goods directly from establishments, including Shadowfax, FedEx, and Bluedart among others. This process is faster and more efficient and does not require sellers to stock their goods in centralized warehouses.

Jim Sarbh’s non-binary avatar on GQ India’s December cover

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Actor makes a statement that’s well worth it

Christmas came in early this year! As I flipped from cover to cover this December from Grazia India’s ‘Beautiful Women Around the World’ theme to Kiara Advani’s debut as a cover girl on Vogue. It was the monthly fashion jam and then there it was… Neatly set curls, eyebrow game on point, silver glittery eyes in a red Bloni Atelier coat… Lucky Jim was looking right at me!
Yes! Jim Sarbh’s non-binary avatar on GQ India’s cover this month is all that your sore eyes need. Sarbh is an actor and stage director known for some of the very unique portrayals on the big screen.

Mind you, Sarbh is always the supporting actor never the lead but brand Jim Sarabh stands for the urbane Indian male.

 

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The 32-year-old International Indian Academy Award winner has a versatile body of work like, Made in Heaven, Neerja, Padmaavat among others. He is good looking and that salt and pepper look provides the internet with much needed #ThirstTrap it deserves.

But beyond the brand, there’s the man beautifully shot by fashion’s favourite photographer Bikramjeet Bose – with eyeshadow on his eyes, a tint on the lips and it doesn’t hurt his masculinity! THAT message is the most important one that needs to be sent across. The GQ Indian team does it nicely!

This month Cosmopolitan UK featured its first non-female cover star in 35 years. Queer Eye’s Jonathan Van Ness graced it in a bright orange Cristian Siriano. American Broadway theatre performer, singer and actor Billy Porter graced 2019’s most prestigious awards in most fascinating gowns and costumes exercising his rights of fashion and in support of LGBTQ Community.
Jim on the cover of GQ gives me hope that fashion in India is finally shaping perceptions that matter!

 

Featured Image courtesy Instagram/GQ India

Ralph Lauren to use 100% sustainable energy by 2025

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The fashion giant Ralph Lauren has announced a series of pledges on sustainability and made a commitment to power all of its globally owned and operated offices, distribution centres and stores with 100% renewable electricity by 2025.

Working towards the same Ralph Lauren Co. will join RE100, a group of the world’s most influential businesses committed to the use of renewable power. The brand will also pursue a combination of virtual power purchase agreements (VPPAs) in North America, and assess a select number of U.S. sites for onsite solar power installations.

For remaining electricity use, the company will buy Green Power Products which include Renewable Energy Certificates (RECs), Guarantees of Origin (GoOs) and International Renewable Energy Credits (I-RECs).

Commenting on the idea Patrice Louvet, President & CEO, Ralph Lauren Corp. said that a world that is beautiful and cared for is the ultimate luxury, we have a role to play in protecting it by addressing the impacts and creating a more sustainable future.

Louvet further stated, “Today, we strengthen our commitment to address climate change, one of the biggest challenges facing our world, by joining the movement of companies driving the adoption of renewable energy and affirming our support for the Paris Agreement.”

With an idea to create, protect and champion, the brand is looking forward to escalate the strategy on global citizenship and sustainability. The brand also claimed to set a science-based greenhouse gas reduction target next year.

Filmfare Glamour and Style Awards: Who Won What

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Last night all the stars of Hindi film industry descended to the sixth edition of Filmfare’s Glamour and Style Awards. Amidst all the glamor and style, the stars marked their presence with big wins titled to their names. 

Rajkummar Rao: The Stree actor walked home with the Risk Taker of the Year title and we cannot agree more.

Ananya Panday: The Pati Patni Aur Woh fame grabbed the Emerging Face of Fashion award (in spite of all the rip offs, okay then).  

Dia Mirza: Former Miss Asia Pacific was honoured with The Woman of Style & Substance, adding another adjective to describe the actor, producer, model and social worker. 

Kriti Sanon: Kriti won the Fit & Fabulous category as she walked the red carpet in not so fabulous embellished slit dress. 

Kiara Advani: Hotstepper of the Year (Female) went to the emerging actor Kiara who will be next seen in Good Newwz

Kartik Aaryan: Meanwhile, Kartik became the Hotstepper of the Year (Male

Manish Malhotra: The ace designer whose work is appreciated by all the leading ladies of the tinsel town received The Specialist award. 

Malaika Arora: Known for her fitness game, the original diva Maliaka won the Diva of the Year tag. 

Karan Johar: Well, not to our surprise Trailblazer of Fashion went to Kjo. 

Alia Bhatt: The Kalank actor Alia grabbed the Most Stylish Star (Female) award as she looked pretty in Celia Kritharioti couture ball gown. 

Ayushmann Khurrana: The critic-loving and money-making actor Ayushmann was acclaimed as the Most Stylish Star (Male)

Saif Ali Khan: Style Icon award went to Saif as he looked decent in a black suit (Nawab Sahab looked  

Anushka Sharma and Varun Dhawan: The duo won the Most Glamorous Star award in their respective categories and rightly so.  

Filmfare Glamour Awards: Not So Glam

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Tuesday night brought all the dazzles from the tinsel town under one roof of Filmfare’s Glamour and Style Awards 2019. The stars walked the red carpet after careful consideration of their stylists and numerous costume changes. But what we got to witness was rather confusing garments, some downright tacky (Like, WHAT WERE YOU THINKING!) and well some decently dressed among them.

Ayushmann Khurrana: As much as we love Khurrana’s acting chops on a fashionable note – Please fire your stylist Ayushmann… There’s no point looking like Chadwik Boseman from Linking Road. Case in point – Chadwik Boseman’s white and ivory Versace suit with gold cross embellishments and gold embroidery at the MET this year. Look they forgot the embroidery too!

Varun Dhawan: Well in few simple words, Geez Chill out Kanye!

Source: Instagram

Rajkummar Rao: He might have bagged the Risk Taker award this year but that Karrtik D suit was equally risqué for ladies! The stylist did a decent job matching Rao’s simplicity via the garment.

Source: Instagram

Karan Johar: The Siddharth Tyler suit fitted well to KJo during the award night. Nikita Jaisinghani usually gets the KJo style on point. Among many misses this look is a hit for us.

Source: Instagram

Ananya Pandey:  What can we say! Award her the Emerging Face of Fashion and style her in Yves Saint Laurent rip off.!! In the series of rip offs worn by Pandey during recent promotions of her new release Pati Patni Aur Woh, stylist Ami Patel needs to know better to play dress with this Gen Z star.  

Source: Instagram

Malaika Arora Khan: Stylist Tanya Ghavri styled Malaika Arora Khan in an Atelier Zuhra gown which to be honest was a bit confusing. Given the fitness entrepreneur’s gorgeous figure she can carry any costume. This just didn’t hit the right note.

Source: Instagram

Kriti Sanon: Actor Kriti Sanon’s stylist Sukriti Grover also missed the mark by just a notch by not making use of Sanon’s height and model figure. (Take cue from Shaleena Nathani’s styling for Deepika) An embellished slit dress just didn’t do the justice.

Source: Instagram

Alia Bhatt: It was almost a déjà vu to see Alia Bhatt in a Celia Kritharioti couture ballgown just hours after we saw Model Nadine Leopold in the same pink taffeta voluminous skirt with thigh high slit and black velvet bodice at BFC’s Fashion Awards. Alia was a pretty sight in the ballgown. Stylist Lakshmi Lehr works best by accentuating Alia’s princess-y image.

Source: Instagram

Amyra Dastur: Another princess on the block was actor Amyra Dastura who dazzled in Dubai based designer Michael Cinco’s ombré crystallized dress. Styled by Aastha Sharma, Dastur managed to look fab. We like!  

Source: Instagram

Some Honorable mentions: Actor Saqib Salem, Saif Ali Khan, Dia Mirza, Sophie Chaudhary, Mithila Palkar managed a classy demeanor via their choice of clothes.

We understand that it’s not only stylists that are responsible for the costume that a star wears, it’s a collaboration and sometimes nothing can be done but please once in a while, show them a mirror? 

South African care maker Canway acquired by Wipro

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The South African personal care maker Canway Corporation has been acquired by Wipro Consumer Care and Lighting (WCCL) as both the companies signed an agreement on Tuesday.

This deal will help Wipro enter the personal care market in South Africa. Over the last seventeen years Wipro has spent USD 950 million on 12 acquisitions. In April, WCCL acquired Splash Corp., the Philippines’s largest personal care company.This is the first time that WCCL has made two acquisitions this fiscal, Canway being the second.

Vineet Agrawal, chief executive officer of WCCL elobrated,“This acquisition gives WCCL a significant entry into South Africa and other African markets. It is an important milestone for us given our vision of being among the top three players in personal care in Asia and Africa. We are excited to be in South Africa, the largest personal care market in Africa and the second-largest economy of the continent.”

Commenting on the acquisition Agarwal added, “We are clear that we want a footprint in developing countries where we have a headway and penetration and consumption goes up. South Africa is a developing country with a per capita income of USD 6300, which is three times that of India. Canway has grown double-digit over the years. It gives us a tremendous base.”

However on bringing Canway products to India, the brand is yet to evaluate the launch in the country and is likely to come up with a plan by the end of January.

Tablez to launch Spanish brand Desigual in Indian Market

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Tablez, the multi-brand retail group, is all set to bring the Spanish clothing brand Desigual to India. It is aiming to launch exclusive Desigual outlets in the first quarter of 2020. The brand will cater clothing line and accessories collection for women, men and children.

Source: Desigual

The Spanish brand has already been introduced online on fashion e-commerce company Myntra. Now, as part of the deal Tablez will open six exclusive outlets across multiple metro cities in the country and later expand to Tier-II cities.

Speaking about the same Adeeb Ahamed, Managing Director, Tablez, said in a statement , “At Tablez, it gives us immense pleasure to bring the international fashion brand Desigual to India. Desigual has a huge potential in the Indian market.”

Meanwhile, commenting on the Indian market and the launch, Jordi Balsells, vice president of Asia Pacific of Desigual stated, “India is a market whose values are very similar to Desigual’s. It’s also a young market that is growing and displays great potential. We believe very strongly in India’s potential in the coming years.”

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London’s Royal albert Hall witnessed a star studded night on Monday as the celebrities from various walks of life descended to the British Fashion Council’s Fashion Awards 2019 to celebrate outstanding contributions of individuals and businesses (both British and international) to the fashion industry.

Rihanna walked the red carpet with big win as the label won the Urban Luxe category award. Rihanna sported a minty green dress paired with sheer cape and gloves from her own label.

Source: Instagram

The ceremony turned out to be a big night for the South Sudanese-Australian model Adut Akech as she bagged the Model of the Year 2019 award. Akech arrived in a strapless emerald green Valentino gown from The Valentino Haute Couture Beijing collection featured a big bow at the waistline and a thigh-high slit.

Source: Instagram

Meanwhile, the Canadian Fashion Model Winnie Harlow stunned in a Vivienne Westwood custom red dress with curved neckline and frills at the back. She completed the look with minimal jewelry and subtle makeup.

Source: Instagram

Naomi Campbell wore an Alexander McQueen signature silver and black see through gown with cut out details as she grabbed the Fashion Icon 2019 award. Dedicating the award to her mother, Campbell said, “whatever success I have is a testament to you.”

Source: Instagram

American actor Julia Roberts surely turned quite a few heads in Armani Privé jumpsuit Autumn-Winter 19 couture. The Pretty Woman star teamed the look with blue dangle earrings.

Source: Instagram

Looking dapper was Rapper Kojey Radical sporting a Dunhill custom Pyjama Suit.

Source: Instagram

Next up, the American Singer Miguel stole the limelight in a grey suit paired with a silky coat.

Source: Instagram