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E-Commerce: The Game ChangerGrowth in the number of working women and increased disposable income has propelled the rise of online retail and e-shopping. The increase in e-commerce shopping has given a whole lot of advantage to brands and manufacturers operating in the women鈥檚 wear market.
According to Rishabh Oswal, Executive Director, Monte Carlo Fashion Ltd., which launched its activewear brand ‘Rock It’ last year finds the concept of activewear to be comparatively new for India. “Today, a significant number of people are motivated by good health and a fit life drives on various platforms. The activewear segment has emerged and is potent to tremendous growth in the years to come. Growing at a steady CAGR of 23.7 percent, the segment took a leap from Rs. 24,000 crore to Rs. 37,000 crore between the years 2014 and 2016. According to forecasts, the segment will grow at a CAGR of 11.3 percent by 2021,” he shares.
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Grasim Industries, part of Aditya Birla Group, Wednesday said it will fully acquire textile firm Soktas India for an enterprise value of Rs 165 crore.Soktas India Private Limited (SIPL) has presence in the premium fabrics segment under the brand name of SOKTA, Giza House and Excellence by SOKTA
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