The capital infusion will be used to expand production capacity, strengthen marketing efforts, scale digital and website-led sales, and develop experiential product drops and artist-led campaigns.
Business News
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Under the arrangement, Sansaar’s premium home furnishing fabrics have been placed across selected retail and trade counters in the GCC.
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In its earnings statement, the company said its profit after tax margin improved to 4.7% in the third quarter of FY '26, up from 4.5% in the same period last year.
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The fashion retailer plans to continue adding stores in markets where it already has a strong presence in major cities, while also expanding into smaller towns in the current phase of growth.
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Sneaker makers have faced mounting challenges since the pandemic. Several brands have struggled to keep pace with rapidly changing consumer tastes, while demand has cooled in key markets such as China.
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Binder, who will continue in his role as chief transformation officer, will assume responsibility for the Asia Pacific market from April. As part of the transition, he will step down from his current position as executive vice-president, global stores.
