Is Fabindia a luxury brand?
After acquiring majority stake in Ahmedabad-based Bandhej earlier this year, ethnic retailer Fabindia is in the process of scaling up the Indian craft-inspired brand to tap into the bridge to luxury segment.
What is Fabindia famous for?
Fabindia is a legacy brand focusing on handcrafted, indigenous products. The company has established a brand built on artisanal heritage and tradition, inherited across various product categories. Fabindia’s products are natural, craft based, contemporary, and affordable.
What does Fabindia stand for?
Fabindia is a cult brand. It was founded by John Bissell, an employee of American export house Far Eastern Fabrics, who came to India as adviser to the Cottage Industries Emporium on a Ford Foundation Grant.
Who are the promoters of Fabindia?
In order to “reward and express gratitude to certain artisans and farmers engaged with the company or its subsidiaries”, FabIndia’s two promoters — Bimla Nanda Bissell and Madhukar Khera — intend to transfer 4,00,000 shares and 3,75,080 shares, respectively, to them, subsequent to the filing of the DRHP.
Who is the CEO of Fabindia?
Fabindia has a network of 309 stores retailing our products across India, including 28 owned experience centers (“Experience Centers”), 185 Company-owned and Company-operated stores (“COCOs”) (including one flapgship store), and 96 franchisee-owned and franchisee-operated stores (“FOFOs).
Who Owns Organic India?
Organic India is a multi-national company founded in 1997 by Israeli couple Bharat Mitra and Bhavani Lev (née Holly Bronfman), daughter of Edgar Bronfman and sister of Clare Bronfman, in Lucknow, India, that produces halal certified organic herbal and Ayurvedic health products.
Is Fabindia ethical?
FabIndia has been around for about 50 years and works with craft based rural producers to create sustainable employment whilst preserving traditional crafts. They do a great range of clothing for men and women, homeware, beauty and food.
Is Fabindia in UK?
NEW DELHI: Indian ethnic wear chain Fabindia has picked up a 25% stake in the UK-based womenswear retailer EAST for an undisclosed amount with an option to acquire the rest in three years, the New Delhi-based company confirmed on Tuesday.
Who founded Fabindia?
Founded in 1960 by John Bissell to market the diverse craft traditions of India, Fabindia started out as a company exporting home furnishings. The first Fabindia retail store was opened in Greater Kailash, New Delhi fifteen years later.
And yet, Bissell believes Fabindia, a ‘social enterprise’ founded by his father John Bissell in 1960, can meet the diverse aspirations of both shareholders equally well.
What is Jashn e Riwaaz?
The brand was accused of “defacing” the Hindu festival of Diwali by naming its festive collection Jashn-e-Riwaaz (celebration of tradition). It eventually withdrew the promo after backlash from right-wing groups. In a tweet, Akhtar wondered what the point of conflict was.