logo
Chanel partners with Nykaa to expand presence in India

Chanel partners with Nykaa to expand presence in India

Fashion Network09-05-2025

Chanel, a global beauty and fragrance brand has partnered with Nykaa to strengthen its presence in the Indian market.
With this partnership, Chanel's fragrance & beauty products will be available at select Nykaa Luxe stores, Nykaa's app and website.
By the end of 2025, Chanel plans to further expand its retail presence to over 10 Nykaa Luxe stores across the country.
Commenting on the partnership, Amit Goyal, managing director India at Chanel in a statement said, 'Building upon the foundation laid by our network of fragrance and beauty boutiques and Chanel India's e-commerce platform, this partnership with Nykaa represents a powerful synergy of our shared values. This collaboration inspires us to envision an even more expansive and impactful future for our fragrance and beauty offerings in India.'
Anchit Nayar, executive director and CEO at Nykaa Beauty added, 'At Nykaa, we take immense pride in partnering with the Maison to launch Chanel Fragrance & Beauty in India for the first time in Nykaa's luxury beauty stores as well as online. Chanel's early recognition of India's potential will go a long way in creating and growing the luxury segment for decades to come.'
Chanel currently has seven boutiques across the country along with three airport stores and a dedicated e-commerce portal that serves over 27,000 postcodes in India.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Indian textile giant Arvind and Fashion for Good unveil low-carbon textile factory project
Indian textile giant Arvind and Fashion for Good unveil low-carbon textile factory project

Fashion Network

time14 hours ago

  • Fashion Network

Indian textile giant Arvind and Fashion for Good unveil low-carbon textile factory project

Indian textile giant Arvind and Fashion for Good, a platform that brings together brands and manufacturers to promote sustainable innovation, plan to build a low-impact textile facility for woven and knitted cotton fabrics in Gujarat, western India. The project will establish an industrial unit that reduces greenhouse gas emissions by 93% compared to a conventional factory. Arvind and Fashion for Good also project that the facility will save 60 liters of water for every kilogram of fabric produced. The partners aim to create the industry's first near-zero carbon textile production facility. They view the initiative as the starting point for Future Forward Factories India, a program that accelerates the deployment of innovative textile manufacturing sites. 'By developing a master plan and partnering with Arvind to build a factory that addresses tier 2 manufacturing challenges, we can implement tangible solutions that drive systemic change,' said Katrin Ley, managing director of Fashion for Good. The partners announced the project at the Global Fashion Summit, a key event focused on sustainable innovation in the textile industry, held June 3–5 in Copenhagen. Fashion for Good, launched in 2017, counts major industry players among its participants, including Bestseller, C&A, Chanel, Inditex (Zara), Kering, Levi Strauss & Co., Norrøna, On, Otto Group (Bonprix), Patagonia, PVH Corp., Zalando, as well as Arvind, Birla Cellulose and PDS Limited.

Nykaa Fashion could break even in four years
Nykaa Fashion could break even in four years

Fashion Network

time16 hours ago

  • Fashion Network

Nykaa Fashion could break even in four years

Beauty giant Nykaa 's fashion division could break even in four years if its current trend of improvement in its earnings before interest, tax, depreciation, and amortisation continues. While Nykaa Fashion remains a loss-making vertical, its executives are confident that its outlook is improving. Nykaa is charting a steady path towards profitability, posting a 40% rise in EBITDA to Rs 470 crore ($54.87 million) in the 2025 financial year, Apparel Resources India reported. The platform's gross merchandise value climbed 28% year-on-year to Rs 15,600 crore, with fashion and business to business platform Nykaa Superstore contributing increasingly to the business' overall momentum. 'Fashion is a massive opportunity- it's five times the size of the beauty market,' said Nykaa's co-founder and chief executive of its fashion division Adwaita Nayar, Apparel Resources India reported. The fashion vertical, now five years old, registered Rs 4,000 crore in gross merchandise value. 'We're currently operating at -8% EBITDA, but that's a 200 basis point improvement over the previous year," said Nayar. Offline retail contributes just 10% to GMV but plays a key role in premium and luxury sales, where it accounts for almost half. 'Actually, Nykaa has one of the highest sales per square foot in the world,' said Nayar. As Nykaa evolves into a multi-vertical player, its investments in in-house brands, retail tech, and personalisation through AI are central to its strategy for long-term growth.

Agilitas names Saurav Ghosal as director
Agilitas names Saurav Ghosal as director

Fashion Network

time16 hours ago

  • Fashion Network

Agilitas names Saurav Ghosal as director

Agilitas Sports has appointed Indian squash player Saurav Ghosal as its new director for high performance sports. In this strategic leadership role, Ghosal will guide the brand's product innovation, marketing, and distribution strategy across its high-performance category. 'At Agilitas, we are building more than a sports company- we're building an ecosystem that empowers athletes, nurtures innovation, and celebrates high performance,' said Abhishek Ganguly, co-founder and CEO of Agilitas, in a press release. 'Saurav brings a rare blend of elite athlete experience and deep insight into the science of performance.' Ghosal will collaborate with the core leadership team on product development, research and development, and market execution, while shaping grassroots and athlete engagement. Ghosal's appointment comes as Agilitas scales its investment in performance innovation and prepares for upcoming brand launches. 'Agilitas is redefining what an Indian sportswear brand can be,' said Ghosal. 'I'm excited to channel my experience into building a future where Indian athletes are empowered with world-class gear.' Born in Kolkata, Ghosal trained at the ICL Squash Academy in Chennai before refining his skills in the UK. A recipient of the Arjuna Award in 2006, he achieved a career-high world ranking of number 10 in April 2019. Ghosal remains the only Indian to win an individual medal in squash at the Commonwealth Games and has nine Asian Games medals, second only to PT Usha.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store