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Lenders had initiated SARFAESI proceedings to recover their dues totalling ₹571 crore from the company but they received no bids until the end of the auction deadline on Monday at a reserve price of ₹500 crore.
For 18-year-old Mumbai college-goer Tanisha Saraff, Fabindia has been a preferred destination for outfits for many traditional occasions, including funerals.
An inability to win the hearts of Gen Z and millennial cohorts is posing a challenge for the six-decade-old retailer, a pioneer of sustainable sourcing and supporting artisans, amid an onslaught of competition from trendier and cheaper rivals. If socially conscious young people once swore by the brand, their children don't seem to be showing it as much love.
Fabindia: An inability to win the hearts of Gen Z and millennial cohorts is posing a challenge for the six-decade-old retailer, a pioneer of sustainable sourcing and supporting artisans, amid an onslaught of competition from trendier and cheaper rivals. If socially conscious young people once swore by the brand, their children don't seem to be showing it as much love.
Sexual wellness challenger brand, Roam, is delighted to announce that it has secured major retail listings with Superdrug & Sainsbury’s nationwide,