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20-Nov-2020   Reliance Retail completes largest fund raise exercise      
Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) have completed the current phase of partner induction and fund raise exercise for RRVL, the largest fund raise exercise in the sector. RRVL has received cumulative subscription amount of ? 47,265 crore from financial partners and allotted 69,27,81,234 equity shares to them.     Read More  

20-Nov-2020   Tommy Hilfiger appoints Avery Baker as president & CBO      
Tommy Hilfiger, world’s leading lifestyle brand owned by PVH Corp, has announced the appointment of Avery Baker as president and chief brand officer (CBO), effective November 17, 2020. In the newly established role, Baker has global responsibility for the brand’s products, marketing and experiences across all categories, regions and channels.     Read More  

20-Nov-2020   Post Covid-19, home products are in greater demand than they were earlier: Dipali Goenka of Welspun India      
Welspun India is among the few textile companies that have weathered traditional challenges faced by the sector and emerged as one of the largest exporters of home textiles. It has recently ventured into the flooring business and has made its mark. Dipali Goenka, Joint Managing Director, Welspun India, spoke to BusinessLine on the way forward for the company. Excerpts:     Read More  

19-Nov-2020   New Styleisure brand at JCPenney promotes style & comfort      
Stylus brand provides the style and comfort for multifaceted daily lives, creating a solution that reaches beyond the activewear category including cardigans, easy pants, jumpsuits and tees.     Read More  

19-Nov-2020   Crystal Group''s 4Zero collection scales up digitalisation      
Crystal International Group has advanced digitalised technology and virtual sampling usage driving sustainable product development. In the launch of 4Zero eco collection, Crystal Denim, the denim division of Crystal International, developed its digital showroom for higher transparency of sustainability features and effective communication with stakeholders.     Read More  

19-Nov-2020   GFG raises €120 mn to accelerate growth strategy      
Global Fashion Group (GFG), a Singapore-based online fashion and lifestyle destination in growth markets, has announced that the group raised approximately €120 million in gross proceeds, via a placement of 16.5 million new shares at a price of €7.30 per share. GFG will use the additional capital to accelerate the execution of its mid-term strategy.     Read More  

19-Nov-2020   Walmart reports Q3 FY21 revenue of $135 bn      
Walmart, a US-based multinational retail corporation, has reported 5.2 per cent revenue growth to $134.7 billion in its third quarter (Q3) FY21 that ended on October 30, 2020, compared to the revenue of $128.0 billion in same period prior year. Company’s net income attributable to Walmart rose 56.2 per cent to $5.1 billion (Q3 FY20: $3.2 billion).     Read More  

19-Nov-2020   Kohl''s Q3 FY20 result: revenue $3.9 bn; net loss $12 mn      
Kohl''s, a US-based omnichannel retailer, has reported 14 per cent decrease in its total revenue to $3.9 billion during the third quarter (Q3) for fiscal 2020 that ended on October 31, 2020, compared to the revenue of $4.6 billion in same period previous fiscal. Company incurred a net loss for Q3 FY20 of $12 million (Q3 FY19: net profit $123 million).     Read More  

19-Nov-2020   SKT to collaborate with Amazon for new offering in Korea      
SK Telecom has entered into a collaboration with Amazon to offer Amazon''s e-commerce products to customers in South Korea through its e-commerce subsidiary 11st. The collaboration is designed to offer customers in South Korea added convenience and expand the overall benefits on 11st, as part of 11st''s efforts to innovate customer experience.     Read More  

19-Nov-2020   Hohenstein''s new compression standard for sports garments      
In cooperation with brand partners, testing service provider Hohenstein has created new DIN SPEC 4868, which will define the market standard and testing protocols for compression behaviour of sportswear. This is first uniform standard for compression in sports and leisure segment where textile compression properties can be transparently checked.     Read More  

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