A Pune startup has created what it says are the world’s first recycled sunglasses made from discarded packets of chips and chocolates.
Bata, a household name in the footwear market, is diversifying its business in accessories categories like sunglasses and scarves and is expecting to net 15-20 percent of revenues from this area in the next two-three years.
S Subramanian, CFO, Titan, says that compared to the industry, Titan is doing better. Though we are not happy with 21% decline but it is better than the market which fell 38%. At all India level, there has been a decline in demand for last three quarters.
Noel Tata isn't the only one warning against rising input cost. Raymond's chairman Gautam Singhania says inflationary pressure is a reality that retailers have to face.
Cotton prices have soared in the last one year and that has left the country’s largest branded apparel retailer Raymond with little choice but to raise prices, Chairman Gautam Singhania said Friday.
Textiles maker and retailer Raymond plans to invest Rs 250 million to Rs 300 million in FY12 to expand its accessories business and add sunglasses to its range, Gautam Singhania, chairman and managing director, said on Friday.