Reliance Brands has completed acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing Thursday.

The startup plans to use the funds raised to focus on building unique phygital interactions, new product developments and expand its retail presence from 15 countries to more than 30 countries

Rohan Mathur, senior regional sales manager - South Asia for The Lego Group spoke to ET about the toy industry, company’s India plans and its recent event in Delhi engaging the Indian government to prioritise play.

Pestering by children and parental guilt has helped the toy industry grow to $1.5 billion in the past few years.

Imports account for almost 85 per cent of the total toys' demand in the country and only the remaining 15 per cent of the sale is met by the domestic manufacturers, according to the industry.

Myntra has launched toys from the stables of Hot wheels, Funskool, Lego, Barbie and Simba on its platform.

Sony has roped in brand licensing company Black White Orange to roll out kids’ consumer products

It costs Rs 5-6 crore per store to set up and over the next three years, the company will spend Rs 50-60 crore on The Collective portfolio, its brand head, Amit Pande, said. “We want to double our footprint and our monobrand portfolio will also see growth. However, those (mono-brand) stores cost much less at about Rs 2-3 crore per store to set up.”

Most consumers tend to go bargain hunting online. For a large part of 2019, luxury mall managers reported that sales were lacklustre. Luxury goods websites, however, managed to buck the trend because of 20-50% lower costs on their sites. But at the moment, watch companies do not seem to be finding too many takers in tier-2 and 3 towns.

According to documents recently filed with the registrar of companies (RoC), accessed through business information platform Tofler, LVMH, known for its iconic monogrammed bags, clothing, perfumes and leather goods reported an increase in profit after tax by Rs 3.19 crore.

Prada, who has been the creative force behind one of luxury's most successful brands for 30 years, said the new partnership did not signal an eventual succession.

BigThinx’s neural networks create a personalised 3D virtual avatar from 2D images for fashion brands and their customers.

Ace Turtle’s ecommerce platform, which facilitates crossborder payments, supply chain, returns and customer support will help Jennifer Lopez reach out to millions of internet shoppers in these markets.

Good Earth is now a prominent go-to destination for home decor enthusiasts and interior designers alike as it offers something for everyone.

China accounts for just around 1% of the group's total revenue and Italy for 5%, the CEO said. Safilo's factory in China reopened on Feb. 10 and it is now running at 85% of its capacity, and no big problems occurred at plants in Italy.

Dior, which is also owned by LVMH, the world's biggest luxury goods group, has been making masks since the end of last month for hospital staff.

While many UK companies have utilised the government's furlough scheme, which sees employees paid 80% of their salary, Burberry said it would not rely on government support for jobs in the UK where more than a third of its workers are based.

Customers can purchase the precious metal from two grams upwards following which a gold ownership certificate would be sent to them on the day of Akshaya Tritiya based on the customer recommended platforms.

Senco Gold & Diamonds is offering a discount on the gold rate. Sankar Sen, CMD of the Kolkata-based company, said the special Akshay Tritiya offer entails giving a discount of Rs 400 per gram on the gold rate during the offer period that runs from April 22-27.

Mr. Ajoy Chawla, CEO, Jewellery Division at Titan Company Limited said, "All 328 Tanishq stores remain shut this year and hence it would be unfair to compare numbers with last year. But the overall customer response to tanishq.co.in from key metros and even with tier-2 and tier-3 towns has been extremely encouraging.

Assuming the pandemic starts subsiding by June and trade channels normalise over the next quarter, CRISIL expects a revival in demand to be pushed into the second half of the fiscal.

The 49-year-old, who has been lodged at Wandsworth Prison in south-west London since his arrest last year, appeared before a UK court via videolink.

India’s gross import of rough diamonds had declined by 13.43% to $12.39 billion between April 2019 and February 2020 from a year earlier.

World's gold demand during the first quarter of 2019 stood at 1070.8 tonne, according to WGC's Q1 Gold Demand Trends report.

According to the World Gold Council's (WGC) Q1 Gold Demand Trends report, in terms of value India's the first quarter gold demand fell 20 per cent to Rs 37,580 crore, compared to Rs 47,000 crore in the same period of 2019.

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Diamond trade at Surat has come to a halt because of the lockdown. Many workers have also left.

India, the world’s largest diamond polishing hub that employs over one million people, is likely to see a staggering 50% job loss. Diamond merchants are struggling to manage their inventories or pay salaries to their craftsmen. Knock-on effects are being felt by one million more workers employed in the gems and jewellery industry.

Online retailers such as Myntra and Tjori have their consumer engagement teams working on to engage their customers till the time the lockdown eases. Others such as fashion brand Anita Dongre are brainstorming changes in consumer behaviour and how to keep them engaged online till the time stores become fully operational.

Once markets are reopened, the industry would also be braving a changing consumer spending behavior and capacity. There could be a major lag before sales begin to pick up. Fashion as a commodity is also perishable. It may be very difficult to sell the loaded inventories in warehouses, and heavy discounts would not be an attractive option at a time of slim profit margins.

The annual index by advocacy group Fashion Revolution - now in its fifth year - ranked 250 of the world's biggest brands according to how much information they disclose about their social and environmental policies, practices and outcomes.

It is a tough time for apparel retailers who are looking at zero offline revenues and a steep drop in online sales. The latest dress or the pair of khakis may not be able to save them.

In a letter to Civil Aviation Minister Hardeep Singh Puri, he said the council members could not clear the shipments on time because of lack of documents, "therefore, demurrage waiver may please be granted starting from March 1 till the time lockdown continues".

The apparel retailer, which like many others in the industry has closed its stores and furloughed employees, said it had also suspended rent payments of about $115 million per month in North America.

International brands have begun sharing prototypes of fashion masks in cotton and blends with Indian suppliers who are awaiting a nod from the Centre to export non-surgical masks.

H&M, the world's second-biggest fashion retailer, said local currency sales had tumbled 57% in the March 1-May 6 period, while online sales grew almost a third.

Macy's, like many retailers, has had to close its stores, furlough employees, suspend dividend and tap into credit facilities to survive the financial hit caused by the lockdowns.

Several apparel makers and fast-moving consumer goods companies had earlier stepped up to produce medical-grade masks as a philanthropic act when Covid-19 struck but now it is apparent that the pandemic is set to alter lifestyles for at least some time to come.

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Toonz has signed a deal with Tariq Albassami Group for opening 10 stores in the Gulf region in the next one year.

Omni-channel kids wear retailer Toonz Retail India has announced a partnership with Tariq Albassami Group for entering the Gulf Cooperation Council region.

Timmy Sarna, CEO at DLF Brands, said the company has made Kidskart dormant since it wants to focus on brick and mortar retail which is the key focus area.

Malaysian kidswear brand Poney is waxing optimistic about India. But will it and other brands in the space succeed where so many have failed before?

Toonz is also launching new collection of its home brand Wowmom, Superyoung and Superyoung Celebration.

which are high on potential and aspirations.From mix point of.

Concept Group, one of Russia’s leading fashion retailers, creates collections and sells women’s clothing, accessories as well as children’s wear through its own retail stores.

Fashion e-commerce platform Voonik on Monday announced its foray into kids wear segment.

Traditionally in India, baby garments like rompers, dresses, and inner-wear were purchased from small stores while branded garments were bought by the wealthy.