Century Textiles logs in Rs 54 crore net income on Rs 998 crore revenue, Retail News, ET Retail

Mumbai: Inspite of the second wave impacting business things to do, Century Textiles & Industries on Thursday claimed a internet money of Rs fifty four crore and a revenue of Rs 998 crore on a standalone foundation in the quarter ended September. It experienced posted a internet money of Rs 5 crore and and a revenue of Rs 600 crore in the yr-back period, which was ravaged by the to start with wave of the pandemic.

The Birla group enterprise attributed the powerful general performance to larger working efficiency and turnaround in sector sentiments.

Inspite of disruptions brought on by the pandemic, its Running Director J C Laddha explained they could produce resilient general performance as the production businesses posted superb results due to healthier business atmosphere, robust productivity and financial prudence.

The pulp and paper vertical noticed the best-at any time quarter in phrases of output and revenue mainly

Read More

Zara owner to charge for paper bags in Spanish stores in push for reuse, Retail News, ET Retail

MADRID: The operator of the trend brand Zara, Inditex, will start off charging ten euro cents ($.twelve) for paper baggage from upcoming week at all of its outlets in Spain as portion of a thrust for sustainability and packaging reuse, the business said on Friday.

The world’s most important trend retailer will roll out the measure in much more than one,400 outlets in its house nation, which account for fourteen% of the firm’s profits, and will appraise extending it to other marketplaces in the upcoming.

The baggage will be billed in outlets across all its brand names, together with Zara and Massimo Dutti.

The move follows the firm’s motivation to remove plastic through its functions. It replaced all plastic baggage in its outlets and on the internet orders last year with recycled and recyclable paper baggage.

“It is really a further more stage … We want to really encourage clients

Read More

Hugo Boss raises 2021 outlook after strong third quarter, Retail News, ET Retail

FRANKFURT: German fashion retailer Hugo Manager on Thursday raised its outlook for the existing calendar year immediately after 3rd-quarter earnings rebounded previously mentioned pre-pandemic concentrations on the back of solid demand from customers in Europe and the Americas.

The group now expects sales to grow by about forty% in 2021 on a currency-modified degree, up from a prior concentrate on growth assortment of thirty-35%. Operating gain (EBIT) is now witnessed at 175 million to two hundred million euros ($203-232 million), as opposed with a prior forecast for one hundred twenty five million to 175 million euros.

Even though noting a solid business restoration in Europe and the Americas, “renewed COVID-19 relevant limits, such as non permanent store closures, weighed on purchaser sentiment in several key markets” in the Asia/Pacific region, it reported.

3rd-quarter sales and EBIT stood at 755 million euros and eighty five million, respectively, which signifies a increase

Read More

The best celebrity watches on 2021 red carpets

From the newest editions to the greatest finishes, these boldface fellas clock superlative fashion.

Panerai Luminor Marina watch, $8,100, at London Jewelers.
Axelle/Bauer-Griffin/FilmMagic Panerai

Dwayne “The Rock” Johnson (previously mentioned) flexes his fashion muscle mass in safari-stylish Dolce & Gabbana and a hefty 44 mm Panerai at the premiere for “Jungle Cruise.”

Side by side of Rege Jean Page and his Longines watch.
Longines Sophisticated watch, $one,900, at London Jewelers.
Prosperous Fury/Getty Photos Longines

Regé-Jean Site (previously mentioned), aka “Bridgerton’s” Simon Basset, cuts really the dashing determine at the Emmys in a tux and gentlemanly watch from the Longines Sophisticated collection.

Side by side of David Beckham and his Tudor watch.
Tudor Black Bay watch, $5,225, at London Jewelers.
Eddie Keogh – The FA/The FA through Getty Photos Tudor

David Beckham (previously mentioned) looks sharp in a match observing the deferred Euro 2020 championships in June, but the serious MVP of his ensemble is his Tudor.

A photo of Russell Westbrook and Steph Curry with an inset of a Audemars Piguet 
 Royal Oak watch.
Audemars Piguet (comparable fashion inset) Royal Oak Jumbo More-Slender watch in eighteen-k white gold with
Read More