Delhi-based fashion house, High Street Essentials (HSE), the parent company behind women’s fashion brands, FabAlley and Indya, has raised Rs 25.50 Cr in a round of funding led by its existing investors Elevation Capital, India Quotient, Dominor Holding and family offices.
According to a new report published by Allied Market Research, titled, “Footwear Market by Type, Material, End User and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020 – 2027,” the global footwear market size was valued at $365.5 billion in 2020, and is projected to reach $530.3 billion by 2027, registering a CAGR of 5.5% from 2020 to 2027.
India’s export of leather and leather products declined about 28.3% to $3.3 billion in 2020-21 from $4.6 billion in 2019-2020 owing to the COVID-19 impact on key markets of the European Union, the U.K. and the U.S., according to the Council for Leather Exports.
Dr. Martens is celebrating diversity with the brand’s 2021 Pride Month collection. This year, it wanted to honor its shoppers that have worn the brand’s iconic silhouettes to march, protest and showcase self expression — ultimately shaping the shoes “into a symbol of rebellion.”
Hoka One One has added another trail runner to its lineup. The latest off-road look from the running and outdoor-focused brand is the Zinal, which Hoka One One said is ideal for speedy trail and Fastest Known Time (FTK) races.
Footwear retailer Bata India Ltd. has announced the appointment of Gunjan Shah as its new chief executive officer succeeding Sandeep Kataria who was elevated as the global CEO of Bata Brands last year.
Timberland has launched new footwear made of Community Cotton grown in Haiti, after the company re-introduced cotton farming in the country in partnership with the Smallholder Farmers Alliance (SFA). The company set out in 2016 to create a new supply chain for sustainable cotton, while at the same time advancing the reforestation of Haiti.
Founded by Haresh Mirpuri, Aranyani has adopted the original Indian concept of the kirana (‘Atelier’ in the European parlance) in the luxury market.
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