These are transformative times for the business of fashion. Consumer behaviours, digitalisation, supply chain snags and sustainability demands are challenging profitability and pushing business models towards change. And a rebirth is called for. It’s time to shake off what-has-been and give life to the next Golden Age of Fashion Creation.
India boasts of less than 30 brands in the Fashion, Beauty, Home universe that can claim annual revenues upwards of INR 1000 CR. On the other side are an estimated 4000+ brands — in the same categories — in the INR 10-100 CR revenue band.
Clearly, a highly fragmented market with a visibly sparse top band of high worth — and profitable — companies. Translating to a massive opportunity to build brands at scale. However, building scale without denting profitability — and creating value — requires an entirely special blend of focus, intel and skills. Going forward, Profitability will be, quite literally, the bottom-line of India’s fashion retail valuation.
And India Fashion Forum, aims to be the catalyst of this powerful, grounded approach for the country’s underserved fashion retail landscape.
IFF 2023 will aim to separate the chaff from the grain, to eliminate vain, top-line-driven expansion in the calculation of true organisational and brand value. Driven by the bold theme of DECODING THE DNA OF PROFITABILITY: GROWTH DEFINED BY VALUE, the event will cut through ‘top-line inflation’ and focus on the metrics that really matter:
IMAGES Fashion Awards are adjudged basis a 360-degree evaluation process — performance in operational benchmarks along with qualitative factors: CX, product & marketing innovation, CSR, among others. IFA 2022 will recognise India’s most innovative fashion brands, retailers, professionals for achievements in 2021.
A stunning showcase of the latest and upcoming product ranges from leading fashion & lifestyle brands presented in a sophisticated, customer-centric environment.