Rise in cotton yarn prices impacts apparel industry, Retail News, ET Retail

Jaipur: The steep rise in cotton yarn and fabric prices has started impacting the apparel industry. Apparel Exports Promotion Council chairman A Sakthivel, who was in Jaipur, said that the recent growth in apparel exports would be impaired if the runaway rise in yarn and cotton prices are not curbed.

Early this month, he has written a letter to textiles minister Piyush Goyal to intervene and take measures to rein in the rise in raw material prices without which there could be shortages as early as February and March next year.

“Apparel exports during the April-October have grown by 44% to $8.6 billion. In fact, the shipments have grown by double digit in the past two months. With the peak season approaching, India has the opportunity to leverage good global demand and order position and meet the $20.03 billion export target for 2021-22,” said Sakthivel.

However, the uncertainties in the

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V-Mart Retail appoints Aakash Moondhra as Chairman, Retail News, ET Retail

V-Mart Retail has announced the appointment of Aakash Moondhra as Chairman of the company. Moondhra is the Global CFO of PayU, a Naspers group company, and continues to remain an Independent Director on the board of VMart.

Lalit Agarwal, Managing Director, V-Mart Retail, said, “The appointment of Aakash as the chairman will herald a new era of corporate governance in the company. Aakash has been a torchbearer of ethics and governance and this indeed is a big change for a so far promoter-led company which is now embarking on its new charter of growth, ably supported by a deep-rooted professional and independent governance culture.”

Aakash Moondhra, Chairman, V-Mart Retail, said, “I am thankful to the Board for posing the confidence in me and I will try my best to contribute in making VMart an even better organization than it already is and I look forward to this exciting journey together

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Brooke Shields on her new brand and ‘A Castle for Christmas’

Brooke Shields is still wrapping her mind around being the boss. “I’m used to signing on the line that says ‘Talent,’” she says, with a laugh. The launch of her new brand, the lifestyle platform Beginning Is Now, means Shields isn’t just the face — she’s where the buck stops. “You’re meeting employees and lawyers, and there are documents and contracts to sign. It definitely feels like being shot out of a cannon.” Shields, on Zoom, is wearing Gloria Steinem-evocative aviators, seated behind a desk and looking very much like a boss.

“Every time I start to get nervous, I remember that the entire message of Beginning Is Now is what I’m feeling right now,” she says. “Jumping off a cliff and not letting fear of failure stop me.” 

It’s a challenge she’s been mulling for a while now: a new online community dedicated to the unique possibilities of reinvention

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London Jewelers hosts a fest of Italian food, wine and bling

What pairs well with Italian bites and bottles?

The answer, London Jewelers president Candy Udell would argue, is sparkling baubles.

To that end, Udell has invited a joyous Italian takeover of her family’s dazzling Manhasset store for two weekends this month, as the illustrious retailer partners with the Italian Trade Agency for an all-out festival.

“The celebration of Italy in our flagship is the perfect way for our clients to enjoy the best of Italian food, wine and culture, while simultaneously viewing our stunning collection of made-in-Italy jewelry,” she says.

Udell, known for her hospitality, is encouraging guests to mangia pasta, sample Italian wines, sate a sweet tooth with gelato, sip espresso and take in a mozzarella-making demonstration, all in a special tent set up outside the store.

Inside, expect a feast for the eyes, with the beauty of Italian jewelry on full display. Highlights will range from the glamorous

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inside ‘the most experiential store on Oxford Street’

Superdry’s new Oxford Street flagship, with its striking black, orange and white signage, stands out from the rest of the street, which, with swathes of boarded-up shops, is a shell of its former self.

In July, Drapers exclusively revealed that Superdry would be relocating its global flagship from 101-113 Regent Street to 360-366 Oxford Street, taking on the former Forever 21 site.

Drapers’ visit to the store takes place a day before its grand opening on 10 November, and last-minute finishing touches are being made to product displays.

The store epitomises Superdry’s “brand reset”, which aims to move away from busy stores piled high with stock, to a more curated measured approach. However, this is not at the sacrifice to the store’s atmosphere – upbeat music pumps throughout the tour, mirroring the cheerful and excited tone of CEO Dunkerton, who energetically guides Drapers through the 32,210 sq ft space.


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