Skip to content
Search

Latest Stories

SevaGroup Launches Their First Store for German Footwear Brand Birkenstock in Maharashtra

SevaGroup Launches Their First Store for German Footwear Brand Birkenstock in Maharashtra

PREMIUM German footwear brand Birkenstock has entered Indian market through a partnership with Seva Group.

Seva Group, which is into automotive retail, entered consumer product retailing in 2012 with Element Retail.


The first physical store of Birkenstock will come up later this month in Bengaluru, Seva Group said in a statement.

Birkenstock is a globally renowned open footwear brand. Its shoes and heels for men, women and children are priced between Rs 2,009 (£20) and Rs 17,999 (£180).

The store is first of many that the Seva Group plans to open in the coming months, the group's MD Aditya Bafna said, adding as part of the expansion, the group has entered into tie-ups with many other brands such as Apple, swimwear and swim-related accessories brand Speedo, fitness brand Asics, and Giant bicycles, among others.

The group also has exclusive franchise license rights for Giant bicycles, which is the world's largest premium bicycle manufacturer.

More For You

JLR-Tata-Getty

JLR had initially planned to manufacture more than 70,000 electric vehicles at the facility. (Photo: Getty Images)

JLR halts plan to build EVs at Tata’s India plant: Report

JAGUAR LAND ROVER (JLR) has put on hold plans to manufacture electric vehicles at Tata Motors’ upcoming £775 million factory in southern India, according to a news report.

The decision was influenced by challenges in balancing price and quality for locally sourced EV components, three of the sources said. They added that slowing demand for electric vehicles was also a factor.

Keep ReadingShow less
Government to abolish payments regulator to boost growth

Keir Starmer (R) and Rachel Reeves host an investment roundtable discussion with members of the BlackRock executive board at 10 Downing Street on November 21, 2024 in London, England. (Photo by Frank Augstein - WPA Pool/Getty Images)

Government to abolish payments regulator to boost growth

PAYMENTS REGULATOR will be abolished and its remit absorbed by another financial regulator, the government said on Tuesday (11), as it aims to cut red tape in favour of growth.

The Payment Systems Regulator (PSR), which oversees systems including MasterCard and bank transfers, tackles problems such as fraud, excessive fees and lack of competition among banks and payment providers.

Keep ReadingShow less
Boohoo

Boohoo’s shares, which have fallen by about 20 per cent this year, dropped 4 per cent on Tuesday. (Photo: Getty Images)

Boohoo rebrands as Debenhams after 21 per cent sales drop

BOOHOO has rebranded itself as Debenhams Group after sales from its young fashion brands, including Boohoo, MAN, and PrettyLittleThing, declined by 21 per cent to £947 million.

The move comes amid strong competition from Shein and a shift towards second-hand clothing among younger shoppers, The Guardian reported.

Keep ReadingShow less