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Valentino Garavani, Italian couturier who defined red-carpet glamour, dies at 93 MILAN (JN) - Valentino Garavani, the Italian fashion designer whose name became synonymous with refined glamour and a distinctive shade

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India’s higher tax on clothing threatens setback for global fashion brands By Aditya Kalra NEW DELHI (Reuters) -India’s overhaul of consumer tax stands to make everything from soaps to luxury SUVs cheaper, but global fashion brands such as Zara, Levi Strauss and Lacoste have been spooked by higher levies on all apparel priced at more than $29. The premium wear segment accounts for about 18% of an apparel industry worth $70 billion, says Datum Intelligence, spurred by a growing number of nouveau riche and brand-conscious youngsters in India. The biggest tax reform in eight years by Prime Minister Narendra Modi’s government cuts levies to 5% on garments costing less than 2,500 rupees ($29), but items priced above that figure now face a higher levy of 18%. That will pile pressure on the likes of PVH Corp, Marks and Spencer, Gap Inc, Under Armour, Nike, H&M and Japan’s Uniqlo. Fashion companies worry about the impact of higher taxes on sales, since aspirational young people consider such purchases as a lifestyle upgrade, but remain sensitive to price, said two Indian garment executives dealing in foreign brands. "Retail works on wafer-thin margins, and overheads like rents are extremely high," said the chief executive of a foreign garment brand operating in India, who sought anonymity for fear of government reprisal. "Growth that we were expecting earlier won’t come now." The official added, "This is not a luxury. The 2,500-rupee price point is basic now." The higher taxes are also a double whammy for domestic garment makers whose thriving U.S. exports business is also reeling from President Donald Trump’s tariffs of 50%. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. India’s reform has not only drastically cut consumption levies on daily essentials and consumer electronics, but dealt a surprise win on Wednesday for pricey SUVs, reducing their tax rate to a flat 40%, versus up to 50% earlier. Carmaker Mercedes-Benz has been reporting record sales in recent months, as consumption surges. The higher rate on apparel could spell the "death knell for the industry", the Clothing Manufacturers Association of India has said, as items costing more than 2,500 rupees are "consumed in large numbers by the common man and middle class". Most of the 875 new arrivals listed on Superdry India’s website, for example, are subject to the new 18% tax, with many jackets on offer priced upwards of $170 and shirts at $60. On the Lacoste India website, men’s T-shirts can cost as much as $99, with not one priced below $29, the new threshold for the higher tax, set to take effect on September 22. TARIFF TO WEDDINGS In press statements, the Association has flagged worries about the impact of the higher tax adding to the fallout from Trump’s tariff salvo. India’s Arvind Fashions for example, holds domestic franchisee rights for Tommy Hilfiger and Calvin Klein retail, but its affiliate, Arvind Ltd, makes foreign brands for export to destinations including the United States, which has a share of roughly 30%. The Arvind Group did not respond to a request for comment. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. In India, foreign premium brands have been luring affluent youngsters by adding retail outlets and e-commerce offerings. Lululemon Athletica plans to enter the market in 2026. The tax hikes will also apply to apparel from luxury goods makers Louis Vuitton, Dior and Versace. Some customers may opt for cheaper more tax-efficient purchases while travelling abroad, but the hike to 18% from an earlier slab of 12% will have limited impact on India’s rich, said one luxury industry executive. Another area of expenditure set for a hit will be clothes bought for weddings. Lavish marriage celebrations are big business, and urban families can easily spend thousands of dollars on items from traditional sarees to men’s jackets. "Putting these clothes in the 18% slab will result in parents compelled to make inferior clothing for their favourite child on their favourite day," the clothing association said.

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Reni Folawiyo Champions ‘Afro-Lux’ As Nigeria’s Bold New Voice In Global Fashion Nigeria has long been a hub of creativity and innovation, and fashion entrepreneur Reni Folawiyo is at the forefront of pushing that… The post Reni Folawiyo Champions ‘Afro-Lux’ As Nigeria’s Bold New Voice In Global Fashion appeared first on Shine My Crown.

Reni Folawiyo Champions ‘Afro-Lux’ As Nigeria’s Bold New Voice In Global Fashion: Nigeria has long been a hub of creativity and innovation, and fashion entrepreneur Reni Folawiyo is at the forefront of pushing that…


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Manish Malhotra Brings Indian Craft To Beyoncé’s 'Cowboy Carter' Tour - IndiaWest Journal News Manish Malhotra Brings Indian Craft To Beyoncé’s 'Cowboy Carter' Tour.

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Anna Wintour To Step Down at American Vogue Anna Wintour has announced her exit as Vogue's editor-in-chief, a position she's held at Condé Nast since 1988.

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Exclusive-Shein and Reliance aim to sell India-made clothes abroad within a year, sources say MUMBAI/LONDON (Reuters) -Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months, said two people with knowledge of the matter. The China-founded, Singapore-headquartered e-commerce firm has been discussing plans with the Indian retailer since before the U.S. imposed tariffs on Chinese imports that intensified the need to diversify sourcing, the people said. The aim is to raise Indian suppliers to 1,000 from 150 within a year, they said. In a statement to Reuters, Shein said it licensed its brand for use in India. Reliance did not respond to queries. Shein sells low-priced apparel such as $5 dresses and $10 jeans shipped directly from 7,000 suppliers in China to customers in around 150 countries. Its biggest market is the U.S. where it is adjusting to tariffs on low-value e-commerce packages from China which were previously imported duty free. The retailer launched in India in 2018 but its app was banned in 2020 as part of government action against China-linked firms amid border tension with its northeastern neighbour. It returned in February under a licensing deal with the Reliance Industries (NSE:RELI) unit which launched SheinIndia.in selling Shein-branded clothes produced in local factories. In contrast, Shein’s other websites mainly list goods from China. Reliance, controlled by Asia’s richest person, Mukesh Ambani, has contracted 150 garment manufacturers and is in discussion with 400 more, said the two people, declining to be identified due to confidentiality concerns. The goal is 1,000 Indian factories making Shein-branded clothes within a year for both the Indian market and to service some of Shein’s global websites, the people said. Shein initially wants to list India-made clothes on its U.S. and British websites, one of the people said. Discussions have been ongoing for months and the launch time of six to 12 months could change depending on supplier numbers, the person said. The scale of supplier expansion and export time frame is reported here for the first time. Shein has licensed its brand for domestic use to Reliance which "is responsible for manufacturing, supply chain, sales and operations in the Indian market," Shein said in a statement. In December, Minister of Commerce and Industry Piyush Goyal told parliament that the Shein-Reliance partnership aimed to create a network of Indian suppliers of Shein-branded clothes for sale "domestically and globally". ON-DEMAND MANUFACTURING Shein is a fast-fashion behemoth earning annual revenue of over $30 billion through low prices and aggressive marketing. Most of its products are from China with some made in countries such as Turkey and Brazil. Its expansion in India mirrors interest in the country from the likes of Walmart (NYSE:WMT) and others throughout the global fashion and retail industries, particularly those looking for suppliers outside China due to the Sino-U.S. trade war. The Shein India app has been downloaded 2.7 million times across Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) Play stores, averaging 120% on-month growth, showed data from market intelligence firm Sensor Tower. Offerings during its first four months have reached 12,000 designs, a fraction of the 600,000 products on its U.S. site. In the women’s dresses category, its cheapest item is priced 349 Indian rupees ($4) versus $3.39 on the U.S. site as of June 9. Shein’s Indian partner Reliance, which operates the app, is working with suppliers to assess whether they can replicate Shein’s global best-sellers at lower cost, the two people said. Reliance aims to emulate Shein’s on-demand manufacturing model, asking suppliers to make as few as 100 pieces per design before increasing production of those that sell well, they said. Executives from Reliance recently visited China to understand Shein’s "innovative" supply chain operations, "data driven" design processes and "disruptive" digital marketing, Manish Aziz, assistant vice president Shein India at Reliance Retail, said in a LinkedIn post in which he called Shein’s scale and speed "truly incredible". The partnership is one of dozens Reliance has with fashion brands, such as Brooks Brothers and Marks and Spencer (LON:MKS). The firm also runs e-commerce site Ajio and its retail network competes with Amazon (NASDAQ:AMZN) and Walmart’s Flipkart as well as value retailers such as Tata’s Zudio. Reliance plans to work with new suppliers to source fabric - especially fabric made using synthetic fibres where India lacks expertise - and import required machinery, the people said. The firm will invest in suppliers and help them grow which in turn will help the Shein-Reliance partnership go global, they said.

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