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The iconic Basket from the brand’s archives has a sleek and minimalistic style which is a perfect fit for this collaboration. Bringing together two very unique brands, Virat has worked very closely with PUMA through the entire creative process, carefully curating design and detailing to create a new interpretation of this timeless classic with his unique stamp. Taking inspiration from a game that he loves and translating his passion to design, Virat’s first sneaker collab features aesthetic influences from cricket. Paying homage to the all-white ensemble of Test cricket, Virat has created a classic white colorway of this shoe. The gold stitching on the premium leather upper is inspired by the stitches on a cricket ball. A translucent iced rubber sole looks futuristic, while the leather upper gives a retro appeal. The logo has been uniquely executed at the heel on the left and right sides to form one8 when joined. Staying true to its heritage, PUMA has brought Virat’s designs to life in a shoe that is not just fashionable but also gives you extra comfort while on the go. Talking about his new sneaker drop Virat Kohli said, “This is my first sneaker collaboration ever and I am super excited to be doing it with PUMA. I live in my sneakers and wanted us to create a versatile silhouette that would become a wardrobe staple for both men and women. Cricket is a big part of my style so with PUMA I have reinvented the Basket with elements of the sport that reflect in the design of the shoe.” one8 is Virat Kohli’s brand that celebrates his philosophy and way of life. It is an opportunity for his fans to connect with him on a deeper level, giving them access to an unseen side of his personality. one8 aims to follow his journey closely, grow with him and celebrate his legacy forever. Priced at Rs 5,999, PUMA one8 Basket sneakers will be available in PUMA stores across India and on puma.com. Nine West Holdings has announced that it, together with certain of its affiliates, has filed an amended chapter 11 plan of reorganization and related disclosure statement with the United States Bankruptcy Court for the Southern District of New York.Nine West Holdings has announced that it, together with certain of its affiliates, has filed an amended chapter 11 plan of reorganization and related disclosure statement with the United States Bankruptcy Court for the Southern District of New York The plan is accompanied by an amended and restated Restructuring Support Agreement, which has been signed by parties that hold or control over 85 percent of its secured term debt, over 80 percent of its unsecured term debt, and the company’s indirect equity owners. “Following the successful sale of our Nine West and Bandolino footwear and handbag business, this filing of the amended plan and entry into the amended Restructuring Support Agreement is another important milestone in our work to right-size the company’s capital structure and to position our One Jeanswear Group, The Jewelry Group, Kasper Group, and Anne Klein businesses for continued long-term success,” said Ralph Schipani, Interim Chief Executive Officer of Nine West Holdings, Inc. Schipani added, “We look forward to working closely with all stakeholders over the coming weeks and months as we move through the plan approval process.” The proposed plan is the result of the company’s engagement with its creditors over many months on the proper path forward for the company’s businesses and other assets. The plan reduces the company’s pre-bankruptcy debt obligations by more than US$ 1 billion. The plan further provides significant near-term cash recoveries to stakeholders through the settlement of potential claims and causes of action against the company’s indirect equity owners that have been at the center of creditor investigations during the company’s bankruptcy cases. These claims will be settled for a US$ 105 million cash contribution by the indirect equity owners to the company, which cash will be distributed to the company’s unsecured creditors. The company also will receive a 3-year purchase commitment from Belk, Inc. for an assortment of merchandise across the company’s businesses, further strengthening the company’s operations. The proposed plan contemplates the following creditor recoveries: – The company’s secured term debt holders will be repaid in full in cash; – The company’s unsecured term debt holders will receive (i) 92.5 percent of the equity of the reorganized company, subject to certain adjustments and dilutions set forth in the Plan, and (ii) one-third of the equity holder settlement proceeds; – The company’s unsecured noteholders and general unsecured creditors will share in an equity pool of 7.5 percent of the equity of the reorganized company, subject to dilution and certain adjustments set forth in the plan; and – The company’s unsecured noteholders and other unsecured creditors at Nine West Holdings, Inc. will also receive (i) warrants for 20 percent of the reorganized company’s equity, and (ii) two-thirds of the equity holder settlement proceeds. A hearing has been scheduled for November 7, 2018, to consider approval of the Disclosure Statement related to the plan. Following Court approval of the Disclosure Statement, the company will distribute the Plan and Disclosure Statement to voting creditors for their consideration. The plan remains subject to bankruptcy court approval and customary closing conditions. Founded in 2012 to celebrate unique, made in India handloom fashion and handicrafts, e-commerce retailer Jaypore has come a long way. The brand’s journey – which started as an online retailer – has reached a point where it now has two brick-and-mortar stores along with being a successful online player.The store also promises to be a place for cultural exchanges, performances and conversations, thus providing a holistic overview of our rich cultural landscape Elaborating on the journey of the brand, Puneet Chawla, Co-Founder and CEO, Jaypore told Indiaretailing Bureau, “Jaypore was started six years ago and it was conceived as a platform with a mission to bring the world closer together and connect global audiences to India’s most beautiful artisanal products. Very soon we realised that there was actually a lot of demand of artisanal products here in India too. After six months of starting, we opened to India and the rest of the world and today 70 percent of our business comes from India.” He further added, “Early this year, we shifted from clicks-to-bricks and opened our first store in Delhi and then the second store was launched in Bengaluru. Today, we ship to 150 different cities in India and 60 countries globally.” Last year, the brand introduced a new concept called Open House – a travelling trunk show where the brand goes from one city to the next and showcase their products and lets customers try, touch and feel products and experience in person. “Even though it has been about six years, we still believe that it is the first phase of our journey and we have got all the building blocks in place to scale up to a big business in the years to come,” he added. Brand USP? The business model of the brand is such that it launches 8-10 new collections every day. “This makes Jaypore a very dynamic platform where customers like to come and check out what is new every single day and because of this our repeat purchase behaviour and our repeat visits are very high,” said Chawla. “Our brand is totally built on loyalty. Over the last three years, we have just spent about Rs 6-7 crore on marketing overall. The brand has been performing well without spending much on marketing. We acquire customers through word of mouth. From the business point of view, this is one of the most differentiating factors,” he added. Going Offline Opening physical stores was always a part of the plan. By going offline the brand aims at reaching more customers, especially those who may be wary of shopping online and would want to touch and feel a product before buying. It’s also for customers who want instant gratification and would want to walk out of a store with the products in hand. The brand opened its first store in Delhi in March 2018 and the second store was opened exactly six months later in Bengaluru. Both the stores are franchisee stores. The Delhi store is spread across 1,100 sq.ft and the one is Bengaluru spans around 2,500 sq.ft. Going forward, average size stores will be between 1,000-1,500 sq.ft. The Bengaluru store allows customers to experience their offerings across a range of design aesthetics to suit the modern Indian lifestyle. It showcases the best of apparel, jewellery, style accessories, home decor and craft capsules from Jaypore’s private label along with hand-picked designers, artisans and craft communities from across India. In addition, the store hosts an array of premium offerings like Benarasi sarees, precious silver jewelry. According to Chawla: “70 percent of the products in the store are our own design – Jaypore private label – as compared to 15-20 percent online. We also wanted to be ready with our private label before we ventured offline. Today, our private label contributes to almost 35 percent of our business and in the offline stores on the upwards of 50 percent of our business.” Designed by New Delhi based Headlight Studio, the store derives inspiration from various aspects of local craft and architecture. Modular store fixtures inspired by the camping furniture of Jaisalmer and reinterpretations of the colonnades from Hamp are few of the key design elements at the store. “Bengaluru is an emerging and promising market, so it was a natural step to open our second store here. We received a great response to our travelling pop-up last year and believe that this is the right time to provide customers with an offline experience. We want the store to be an extension of Jaypore.com, where customers can come and experience the product,” stated Chawla. “Both the stores put together are contributing to about 10-12 percent of our overall revenue,” he added. Tech Innovations To enhance customer experience, Jaypore store has integrated technology with retail experience through use of tablets and digital screens across the store. “In the Delhi store, we have a screen that helps customers discover something similar to what they are wearing. It allows us to showcase greater variety of similar patterns,” said Chawla. The store also promises to be a place for cultural exchanges, performances and conversations, thus providing a holistic overview of our rich cultural landscape. Future Plans lovebet usa open url:j158.cc lovebet user id open url:j158.cc lovebet username and password free open url:j158.cc lovebet username change open url:j158.cc lovebet users open url:j158.cc |
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