Apparel Online India Magazine May 1-15, 2019 | Page 47

DOMESTIC UPDATE Fabric Monde, Sachin's True Blue join hands to launch ‘handcrafted' shirts Fabric Monde, a Bangalore- based start-up, has launched ‘handcrafted’ range of shirts, in association with True Blue, a brand promoted by cricket star Sachin Tendulkar and Arvind Ltd. The brand has been working on newer wardrobe solutions for the modern Indian male customers and identified Fabric Monde as its sourcing partner for the handcrafted range. “Collaborating with True Blue and winning their trust on quality has been a huge milestone for us in terms of learning. Many more celebrities are joining hands with us to expand our retail presence from 50 plus stores to 500 point of ““This range is our honest attempt to revive the dying spirit of authentic Indian textile and the most exciting part is that these shirts have some or the other hand done element involved in them.” – Gaurav Raheja, Creative Director, True Blue sale over the next two years,” said Jyothirmayi D, CEO, Fabric Monde. The shirts would be available in the 50 plus True Blue stores present across the country, a company statement said. KKCL buys Desi Belle; also plans to launch a new brand Kewal Kiran Clothing Limited (KKCL), which owns the popular brands Killer, Lawman Pg3, K-Lounge, Easies, Integriti, and Addiction, recently acquired women’s brand Desi Belle. Although, the company didn’t quantify the amount it invested on the acquisition. With this, the retailer has now marked its foray into the women’s wear segment, and will now be focusing more on Tier-2 and Tier-3 cities. Planning aggressively, the Mumbai-based company is also looking to launch a new brand – Immortal – to gain the market share in the low-price segment, and is also eyeing to increase the numbers of distributors across the country from current 125 to 200. The retailer has been witnessing strong sales from the Tier-3 and Tier-4 cities over the past few years and will be further expanding the footprint across India to boost its sales. With the expansion in these cities, now the company holds a strong position in the areas like Guntur, Begusarai, Jaypore, Ramgarh, Amaravati, Ballia and Azamgarh. Most of its stores are in Tier-2, Tier-3 and Tier-4 cities, where the company’s ranges of products are having traction. “There is a general trend of people shifting their online apparel purchases to ambiance stores to get the right fit and feel of fabrics. Moreover, the e-commerce business is more metro- and urban-phenomenon, and managing deliveries in smaller towns is a cumbersome task,” said Kewal Chand P Jain, MD, KKCL. He further added, “The company has set aside an amount of Rs. 100 crore for acquiring a leading kidswear brand in an attempt to reach smaller towns with a complete package for the entire family. The company is focused on growing profitability and revenue by widening the market reach and offering value- for-money apparels rather than discounts,” he added. KKCL currently has 336 retail stores in 210 cities across 25 states. The Mumbai-based company also sells on leading e-commerce platforms in India. www.apparelresources.com | MAY 1-15, 2019 | Apparel Online India 47