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Mohanlal Sons launches 40th India store at Chandni Chowk

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December 17, 2025

Indian menswear brand Mohanlal Sons has launched its 40th brick-and-mortar store. The 3,500 square foot outlet is located in Chandni Chowk’s premium shopping destination Omaxe Chowk in Delhi.

Mohanlal Sons’ new Delhi address – Mohanlal Sons

 
“Mohanlal Sons’ joining Omaxe Chowk is a defining moment in our journey to revitalise Chandni Chowk’s retail legacy,” said Omaxe Group’s executive director Jatin Goel in a press release. “It is the revival of the timeless charm of Old Delhi through a brand that has shaped India’s wedding and occasion-wear culture for generations. At Omaxe Chowk, we have worked to create a space where heritage and modernity coexist, and the arrival of Mohanlal Sons reflects that vision beautifully. Their presence elevates the retail mix and reinforces Chandni Chowk as a premier destination for premium fashion and experiential shopping.”
 
Offering a wide range of celebration wear for men and boys as well as western style accessories, the store brings Mohanlal Sons’ 144-year brand legacy to Omaxe Chowk’s shoppers. Along with sherwanis, kurtas, Indo-westerns, tuxedos, and Jodhpuri suits, the store retails a selection of premium fabrics and bespoke tailoring services.

“The launch of our new flagship store in the heart of not just Delhi, but India, marks a significant milestone for us,” said Mohanlal Sons partner and CEO Mayank Mohan. “For most families, especially in North India, Chandni Chowk is a must-visit destination for wedding shopping. Being located within a mall in the heart of Chandni Chowk gives us the best of both worlds- customers can shop for everything from jewellery to lehengas to sherwanis under one roof, in a comfortable, air-conditioned environment.”
 
To celebrate the launch, Mohanlal Sons organised a fashion walk featuring global models to showcase its latest festive designs. These included the ‘Virasat’ collection of opulent occasion wear.

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Confident Meadowhall enjoys a year of strength

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December 19, 2025

There’s been quite a few end-of-year updates from shopping centres and all of them are upbeat after a busy 2025. 

Image: British Land

Sheffield’s Meadowhall is one of them, noting it has been a strong year of exchanges on new leases covering 300,000 sq ft of the destination, 80% retail and 20% hospitality, including renewals from 19 tenants.

It said visitor numbers “have also remained consistently high”, headlined by its busiest Black Friday weekend in six years (262,981 visitors across the three days), while October’s school half-term was also the strongest in six years (457,000 visitors representing a 9.7% year-on-year increase).

Meanwhile, commercial brand activations continued to “perform effectively” throughout 2025, including standout initiatives from Trinny London and Jo Malone.

And, of course, new openings and expansions are the lifeblood of any centre with Meadowhall announcing fast-expanding novelty retailer Miniso has just joined its roster while fashion lifestyle brand TK Maxx has extended its presence there, “concluding a strong year of leasing activity and retail performance”.

TK Maxx has added an adjacent unit to create a 19,000 sq ft space, complete with a 173-ft fully-glazed frontage on the  Upper Level The Gallery, showcasing its mix of branded fashion, beauty, homeware, and accessories.

Miniso, meanwhile, has opened a 1,759 sq ft store on Lower Level High Street, introducing its range of lifestyle, homeware, and technology products, alongside the brand’s character collections.

These additions follow several major openings in 2025, including beauty majors Sephora and Superdrug.

These introductions round off a period in which several tenants have invested significantly in upgrading and expanding their stores. More than £47 million has been spent by brands alone across 2024 and 2025, with more than a third of Meadowhall’s operators undertaking new fitouts and refurbishments in that time.

Looking ahead to 2026, operator British Land said more than 25 brands have already committed, and will be bringing a further £8 million of investment to the centre.

Louisa Holmes, Asset Director at operator British Land, said: “This year’s level of investment, from new arrivals and long-standing tenants, reflects the confidence brands have in Meadowhall as a critical part of their national portfolio. In addition to that, the centre’s success means our brands are effectively competing to bring the best and latest shop fits and concepts here, elevating the experience for our visitors.”

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Coty sells residual stake in Wella to KKR

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Reuters

Translated by

Nicola Mira

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December 19, 2025

On Friday, beauty giant Coty stated it has sold its residual 25.8% stake in haircare brand Wella to US investment firm KKR for $750 million. Coty has retained the rights to a share of any future sale of the brand, or any revenue accruing from an IPO.

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Coty said it is entitled to a 45% share of any proceeds from a sale of or IPO for Wella, once KKR’s preferred return has been achieved, adding that it plans to use most of the initial liquidity to reduce its debt.

The Wella sale brings to fruition a plan Coty initiated in 2020, aimed at streamlining its portfolio and operations, and at maximising the value it can generate from the Wella business, Coty added.

Earlier this year, Coty embarked on a strategic review of its beauty business which could lead to the sale of brands such as Rimmel and CoverGirl. The group’s goal is to refocus on the fragrance segment in the face of persistently weak demand for colour cosmetics.

This year, Coty’s shares lost almost half of their value.

Coty was founded in 1904 in Paris, and is the fragrance licensee for labels like Gucci, Chloé and Burberry. According to LSEG data, the group’s market capitalisation is approximately $2.8 billion.

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UK retailers report fall in sales ahead of Christmas, CBI says

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December 19, 2025

The UK’s official statistics agency released its November sales report on Friday and it wasn’t great. But perhaps more useful was the CBI’s holiday trading retail report as its showed how retailers are faring just about now.

Photo: Pexels/Public domain

And the news? Its distributive trades survey showed retailers are facing “bleak holiday trading as [the] sales outlook darkens”.

The survey is based on the weighted number of retailers who said sales fell, stayed static or rose, regardless of whether those rises or falls were big or small.

It showed that retail sales volumes fell “at an accelerated rate in the year to December, extending a period of weakness that began in mid-2023”.

And the New Year is “expected to start on a gloomy note for the retail sector. Retailers anticipate that annual sales will fall sharply next month, with expectations at their weakest since March 2021”.

Overall, a balance of 44% sales sales fall, worse than the 32% in November, with 57% expecting the downturn expected to deepen in January.

Sales for the time of year were judged to be “poor” in December, to a greater extent than last month (-31% from -20% in November). Next month’s sales are set to similarly disappoint against seasonal norms (-34%). 

Online retail sales volumes also declined at a moderate rate in the year to December, following two consecutive months of growth (-12% from +13% in November). Sales are expected to contract at a steep pace next month (-42%). 

Martin Sartorius, Principal Economist, CBI, said:  “Retailers reported that annual sales volumes fell rapidly in December, as weak consumer confidence contributed to softer trading conditions in the lead-up to Christmas. Firms do not anticipate any relief in the New Year, with sales expectations deteriorating to their weakest in over four years.”

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