Fashion
Reliance Industries misses profit estimates in Q2 but retail shows steady growth

Published
October 20, 2025
Reliance Industries missed its overall profit estimates in the second quarter of the 2026 financial year but its retail business showed steady growth with Reliance Retail Ventures Limited’s revenue from operations increasing by 19% year on year.
RRVL’s gross revenue was up by 18% year on year to total Rs 90,018 crore, the business announced in a press release. The retail business’ profit after tax surged by 21.9% to Rs 3,457 crore and EBITDA was up by 16.5% year on year in the second quarter.
“Reliance Retail delivered strong performance during the quarter led by our relentless focus on operational excellence, investments in stores and digital platforms, and festive buying across consumption baskets,” said Reliance Retail Ventures Limited’s executive director Isha M Ambani in a press release. “GST rate changes will further accelerate consumption growth as consumers get the benefit of lower prices. Our success is a testament to our deep understanding of the consumer. We consistently innovate, from curating new collections to creating campaigns that connect with today’s Indian consumer, and our focus remains on building brands that inspire and resonate across India.”
Under its fashion umbrella, retail formats Yousta and Azorte reported growth of 66% year on year and Yousta reached the 100-store milestone during the quarter. Ethnic wear saw strong demand with the onset of the festive season and the accessories, footwear, fashion jewellery, and beauty segments witnessed an uptick in demand.
Reliance Industries Limited’s consolidated financial highlights show that its gross revenue increased by 9.9% year on year in the second quarter of the 2026 financial year. The business’ total profit after tax rose by 15.9% during the quarter to total Rs 22,146 crore.
“Reliance delivered a robust performance during 2QFY26 led by strong contribution from O2C, Jio, and Retail businesses,” said Reliance Industries Limited’s chairman and managing director Mukesh D Ambani. “I am happy to highlight the growth momentum of our Retail business. All formats registered higher volume, propelling strong growth in both revenue and EBITDA. There has also been a sustained pick-up in our quick hyperlocal delivery model. The recently announced progressive reforms in GST regime provide a boost to continuing consumption-led growth.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
Delphine Arnault to be recognised at Fashion Awards in December

Published
October 20, 2025
Delphine Arnault will be given a a Special Recognition Award “for her exceptional contribution to the global fashion industry” at The Fashion Awards in December, the British Fashion Council (BFC) announced on Monday.
The ceremony, which will take place on 1 December at the Royal Albert Hall in London, is part of the BFC’s key fundraising drive for its Foundation.
As well as hailing Arnault’s contribution to the industry, the award is a recognition of her “longstanding commitment to championing emerging talent”. She spearheaded the launch of the LVMH Prize for Young Fashion Designers in 2014 and it’s now one of the most prestigious international platforms for nurturing new creatives.
Past winners include Marques’Almeida, NensiI Dojaka, Setchu, SS Daley and Wales Bonner.
Her commitment is also reflected in Dior Men’s support of the BFC Foundation MA Scholarship, which funds a UK-based menswear design student every two years.
She’s been chairman and CEO of Christian Dior Couture since 2023 but began her career at McKinsey before joining the John Galliano brand in 2000 to lead business development. She moved to Dior in 2008, moving through commercial director and deputy MD “during one of its most commercially and creatively successful periods, playing a key role in the expansion of its leather goods and accessories business”.
She also became executive VP of Louis Vuitton in 2013 and is a member of the LVMH board and of the executive committee.
BFC chief Laura Weir said: “Delphine Arnault is one of the most visionary and influential leaders in global fashion – a figure whose impact is felt far beyond the boardroom. She combines strategic leadership with a genuine commitment to nurturing creativity, education and opportunity. Her belief in talent as the lifeblood of this industry has transformed countless careers and continues to shape fashion’s global future. We are proud to honour Delphine at The Fashion Awards 2025, in recognition of her contribution not only to the evolution of some of the world’s most iconic houses, but to the advancement of access and excellence across the fashion landscape.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Fashion
US brand Wrangler partners with CAPX to launch new headwear line

The agreement reflects a strategic shift towards elevated craftsmanship and cutting edge design, leveraging CAPX’s industry-leading innovation and manufacturing capabilities to redefine what consumers can expect from Wrangler headwear.
Wrangler has entered a multi-year licensing deal with CAPX to launch an innovative headwear line, blending its iconic craftsmanship with CAPX’s advanced design and fit technology.
Featuring signature ‘W’ stitching, copper hardware, and leather patches, the collection embodies Wrangler’s lifestyle ethos.
The first range debuts this month, expanding Wrangler’s reach beyond denim.
The collection will feature distinctive Wrangler details, including the iconic ‘W’ stitching, copper hardware, and leather patches sourced from the same suppliers used for Wrangler denim. Each silhouette will be meticulously crafted to meet Wrangler’s exacting standards.
As Wrangler continues to expand beyond denim, the brand remains focused on its core consumer—someone who lives with purpose and expresses identity through what they wear. For many, staples like jeans, tees, and caps aren’t just wardrobe choices—they’re a way of life. This new headwear line is designed to complement that lifestyle, offering quality, comfort, and character in every piece.
Every cap, Wrangler models included, will feature a model number printed inside the lining. This number refers to one of over 45 shapes developed by CAPX and serves as the foundation of their standardized fit system used across brands and industries. This approach helps to educate consumers on specific fit and structure of a cap they love, making it easier to discover and purchase similar styles in the future.
“Headwear is an essential part of the Wrangler consumer’s lifestyle,” said Steve Armus, Vice President of Licensing and Collaborations at Wrangler. “We see tremendous opportunity in headwear to reach a broader audience in meaningful new ways, and CAPX is the ideal partner to help us do that.”
“We’re excited and humbled to partner with the iconic Wrangler brand and represent its 78-year history. Wrangler is a true American lifestyle brand and headwear is an incredible opportunity to amplify its story,” said David Gormley, Founder and President of CAPX.
Together, Wrangler and CAPX are reimagining what headwear can be, merging storytelling, craftsmanship, and innovative design. Consumers can expect the first collection to debut this month, marking the beginning of an exciting new chapter for both brands.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
French police hunt Louvre jewellery thieves

By
AFP
Published
October 20, 2025
The hunt was on Monday for the band of thieves who stole eight priceless royal pieces of jewellery from the Louvre Museum in the heart of Paris in broad daylight.
Officials said a team of 60 investigators was working on the theory that the raid was planned and executed by an organised crime group.
The heist reignited a row over a lack of security in France’s museums, with Justice Minister Gerald Darmanin admitting Monday to security flaws in protecting the Louvre.
“What is certain is that we have failed, since people were able to park a furniture hoist in the middle of Paris, get people up it in several minutes to grab priceless jewels, and give France a terrible image,” he told France Inter radio.
After several other robberies from French museums in recent months, Interior Minister Laurent Nunez had acknowledged Sunday that securing them was a “major weak spot”.
The thieves arrived between 9:30 and 9:40 am (07:30 and 07:40 GMT) Sunday, shortly after the museum opened to the public at 9:00 am, a source close to the investigation said.
They used a truck with an extendable ladder like those used by movers to get access to the Apollo Gallery, home to the royal collection, and cutting equipment to get in through a window and open the display cases.
A brief clip of the raid, apparently filmed on the phone of a visitor to the museum, was broadcast on French news channels.
The masked thieves stole nine 19th-century items of jewellery, one of which- the crown of the Empress Eugenie- they dropped and damaged as they made their escape.
It is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.
Eight “priceless” items of jewellery were stolen, the culture ministry said Sunday.
The list they released included an emerald-and-diamond necklace that Napoleon gave his wife Empress Marie-Louise.
Also stolen was a diadem that once belonged to the Empress Eugenie, which is dotted with nearly 2,000 diamonds, and a necklace that once belonged to Marie-Amelie, the last queen of France. It has eight sapphires and 631 diamonds, according to the Louvre’s website.
The whole raid took just seven minutes and is thought to have been carried out by an experienced team, possibly “foreigners”, Nunez said.
The intervention of the museum’s staff forced the thieves to flee, leaving behind some of the equipment used in the raid, the culture ministry said.
The loot would be impossible to sell on in its current state, said Alexandre Giquello, president of the leading auctioneer house Drouot.
It was the first theft from the Louvre since 1998, when a painting by Camille Corot was stolen and never seen again.
Sunday’s raid relaunched a debate over what critics says is poor security at the nation’s museums, far less secure than banks and increasingly targeted by thieves.
Last month, criminals broke into Paris’s Natural History Museum, making off with gold samples worth $700,000.
The same month, thieves stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at $7.6 million.
Sunday’s robbery sparked angry political reactions.
“How far will the disintegration of the state go?” said far-right National Rally party leader Jordan Bardella on social media, calling the theft “an unbearable humiliation for our country”.
President Emmanuel Macron said on social media that “everything” was being done to catch the perpetrators and recover the stolen treasures.
Copyright © 2025 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
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