Fashion
US’ a.k.a. Brands’ Q3 gross margin improves to 59% despite lower sales
a.k.a. Brands Holding Corp has reported net sales of $147.1 million in Q3 FY25, down 1.9 per cent year-on-year, while gross margin improved to 59.1 per cent.
Net loss narrowed to $5 million, with adjusted EBITDA at $7 million.
For the nine months, sales reached $436.3 million, with a net loss of $16.9 million.
FY25 sales guidance was revised to $598–602 million.
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A Trio of Crises Converge
The shockwave began in late August ****, when Washington’s tariff surge on Indian goods took effect, lifting total duties on many categories to as high as ** per cent and detonating peak-season planning. Overnight, United States (US) programmes out of India had to be re-costed, dual-sourced, or abandoned. Negotiators had earlier explored cutting the rate to roughly ~** per cent, but those talks did not yield a deal; planners must treat ** per cent as current law until changed. The impact extends beyond apparel into footwear, gems & jewellery, furniture and chemicals.
Published
November 12, 2025
Personal care business Bombay Shaving Company has closed a Rs 136 crore funding round, led by Sixth Sense Ventures and made up of primary and secondary infusions, as it eyes a potential initial public offering.
“Backing Shantanu and the Bombay Shaving Company team again feels like coming full circle for us at Sixth Sense,” said Sixth Sense Ventures’ CEO Nikhil Vora in a press release. “From day one, we’ve believed in founders who challenge convention and Bombay Shaving Company has done exactly that – we believe the brand is now ready to define the next chapter in India’s consumer story.”
Bombay Shaving Company recently reported a net revenue run-rate of over Rs 550 crore and achieved PAT (profit after tax) profitability. The business has also doubled its performance compared to the 2025 financial year.
“Thrilled to have Nikhil and Sixth Sense double down, especially with their new fund,” said Bombay Shaving Company’s founder and CEO Shantanu Deshpande. “Focusing on fast-evolving consumer needs, designing never-seen-before high quality products at competitive prices, and building brand remains core to what we do. We intend to continue this performance and take the company public soon. Idea is to do it sooner rather than later and carry the retail investor on our growth journey.”
Shantanu Deshpande also participated in the Bombay Shaving Company funding round along with the Patni Family Office, GII, and high net-worth individuals. Notably, celebrity cricketer Rahul Dravid joined the round as a marquee investor.
“Building brands which people trust to take sharp metal to their face is non-trivial,” said Bombay Shaving Company’s co-founder and COO Deepak Gupta. “We have delivered market beating growth and consumer love and will continue to focus on getting better every day. We have not even scratched the surface of India’s deep markets.”
Bombay Shaving Company specialises in grooming solutions for Indian men and women and also runs the brand ‘Bombae.’ The business has an omni-channel presence across India and plans to widen its retail presence, deepen its retail reach, and invest in capabilities and brand-building.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Reuters
Published
November 12, 2025
The original bag custom-made for late actress Jane Birkin which became a design icon was revealed to media in Tokyo on Wednesday by the Japanese company that purchased it for a record 8.6 million euros ($10 million) at Sotheby’s in Paris earlier this year.
According to fashion lore, the first Birkin bag was conceived when the Franco-British actress and singer sat next to Hermes executive Jean-Louis Dumas on a flight in 1984 and told him she needed a stylish-yet-functional bag as a young mother. Dumas immediately sketched out the rectangular handbag, with a dedicated space for baby bottles.
After Birkin got her custom-made bag, the company went on to manufacture smaller versions for the mass-market, turning it into an instant hit and helping fuel the fashion brand’s expansion.
Shinsuke Sakimoto, co-founder and CEO of second-hand luxury goods reseller Valuence Japan, which purchased the Birkin, said the story of the handbag’s inception represented the company’s philosophy.
“We believe that products should not be spoken about in terms of price, but rather through the stories that include the brand’s philosophy and values; in other words, they should be spoken about in terms of their significance,” said Sakimoto.
Valuence plans to display its prized purchase in museums and similar venues rather than resell it, he said. Birkin herself auctioned the bag in 1994 to support Sidaction, a French charity that raises funds to fight AIDS.
© Thomson Reuters 2025 All rights reserved.
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