MUMBAI, India — Despite the numbers being bandied around about the Indian economy slowing down, the $450 billion retail industry is growing fast and fashion retail continues to ride the wave.
A new report from Reliance Brands, shared exclusively with WWD before it is released, takes a look at the fashion retail market, which it forecasts will continue to grow in the high double digits. This is the first study from the group, and with the shortage of market information and numbers in India, it highlights some of the sector’s strengths and weaknesses. It also focuses on who the consumer is and how premium and luxury brands are meeting market expectations.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion