Willing to support Future Retail during financial challenges: Amazon
By IANS |
Published on
Wed, Feb 3 2021 23:18 IST |
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Delhi HC refuses to restrain Amazon, says suit filed by Future Retail maintainable. Image Source: IANS News
New Delhi, Feb 3 : E-commerce major Amazon said on Wednesday that it continues to be willing to support Future Retail Limited (FRL). The statement by Amazon assumes significance after there were reports that Amazon did not come to the rescue of Future Retail during the financial difficulties it faced during the Covid crisis. Contrary to reports carried in a section of the media, Amazon has not only been committed to an early resolution of the dispute with Future, but continues to be willing to support FRL even during the temporary financial challenges posed by Covid, Amazon said in a statement.
Sabyasachi: The Tiger of Indian Fashion
By
Sujata Assomull ( IANS) |
Published on
Sat, Jan 30 2021 10:57 IST |
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Sabyasachi: The Tiger of Indian Fashion (IANSlife). Image Source: IANS News
New Delhi, Jan 30 : Indian retail giant Aditya Birla Fashion and Retail Limited acquired a 51 per cent stake in Sabyasachi brand for Rs 398 crore. Just over two decades old, this label s life has been full of milestone moments, this investment could position Sabyasachi as India s first global fashion house.
2020 was an unusually quiet year for fashion label Sabyasachi. It started with a bang, as he unveiled a 65-piece Haute Joaillerie (high jewellery) collection at New York s Bergdorf Goodman, considered one of the finest stores in the world. Hot on the heels of this launch came the news that the designer label had been chosen for a collaboration with global fast fashion brand H&M, for a limited edition collection called Wanderlust which was to include a sari, plac
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Aditya Birla Fashion buys 51% stake in Sabyasachi for Rs 398 crore
Aditya Birla Fashion and Retail Limited (ABFRL) has signed a definitive agreement to buy 51 per cent stake in designer brand Sabyasachi for Rs 398 crore. The deal is expected to be closed in late-February or mid-March, the company said in a regulatory filing. Meanwhile, the ABFRL platform will complement brand Sabyasachi on its journey to becoming a global luxury house out of India
Reliance signs $15 million deal with Israeli firm for rapid COVID-19 test kits
Reliance Group has signed a $15 million deal with Israeli company Breath of Health to distribute the firm s COVID-19 breath testing system. The tests conducted by the company provide results in less than a minute, said Arie Laor, CEO of Breath of Health (BOH).