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Fashion Network
3 days ago
- Business
- Fashion Network
The Bear House enters UAE market to kick off global expansion
Men's apparel brand The Bear House has announced its entry into the United Arab Emirates, marking its first international foray in the Gulf Cooperation Council region. The move is positioned as a strategic step towards broader global expansion, with a focus on brick-and-mortar retail and omni-channel growth across the Middle East. The brand's smart casual offering, comprising comfort-driven silhouettes and wardrobe staples, has been made available through established regional platforms including Noon, Namshi, and Amazon, The Bear House announced in a press release. These e-commerce partners were selected for their strong local presence, logistical efficiency, and ability to reach fashion-forward consumers. 'This is our first major step towards becoming a global Indian brand,' said The Bear House's co-founder Harsh Somaiya in a press release. 'The Bear House fills in the 'affordable luxury' gap for the GCC consumer, who currently has only two choices- high-end luxury brands and value brands. The UAE, being the fashion and e-commerce hub of the GCC, offers a brand like ours developed infrastructure, a ready consumer base, and market accessibility, making it an ideal gateway for expansion into the wider Middle Eastern market and a natural extension of our current business in India.' Founded in 2017, The Bear House has grown from an online-only label to having a retail presence in Indian cities including Bengaluru and Hyderabad. The brand recently raised Rs 50 crore in a Series A funding round and secured a Rs 3 crore investment on Shark Tank India Season 4.
Business Mayor
21-04-2025
- Business
- Business Mayor
Leather, footwear exports up 25 pc to USD 5.7 bn in 2024-25; may cross USD 6.5 bn in FY26
The country's leather, non-leather footwear and products' exports rose by about 25 per cent year-on-year to USD 5.7 billion in 2024-25 and the shipments are likely to cross the USD 6.5 billion mark this fiscal, exporters' body CLE said on Monday. The Council for Leather Exports (CLE) said that demands in both developed and developing countries are 'healthy'. 'In 2024-25, we have exceeded the exports target by USD 1 billion set up by the department of commerce and going by this trend, our exports will cross USD 6.5 billion in 2025-26,' CLE Executive Director R Selvam said. He said that the sector is recording growth despite global uncertainties. Sharing similar views, CLE Chairman Rajendra Kumar Jalan said that the exports are doing good in both the US and the UK, the key export destinations for India. Due to the 10 per cent tariff hike, all the exporters are giving discounts to buyers, but there were no order cancellations, Jalan said. 'From April 14-15, the situation is normal. We have suggested 'zero-for-zero' duty to the government in the proposed bilateral trade agreement with the US,' he added. Order books are good for the coming months and huge demand is coming from the US and the UK, he said. He informed that the industry is labour intensive, providing employment to about 42 lakh people. The sector has a total turnover of about USD 19 billion, which includes exports of USD 5 billion. Read More The Bear House raises Rs 500 Cr in Series A funding The sector has the potential to reach a total turnover of about USD 39 billion by 2030, which includes domestic production of USD 25 billion and export turnover of USD 13.7 billion, according to the industry. The industry also stated that several Chinese investors are keen to join hands with Indian footwear players to set up manufacturing units in India. READ SOURCE
