
Prada team to meet Kolhapuri chappal artisans for future collaborations
Tired of too many ads? go ad free now
The meeting was held online with Prada officials joining from Milan, Italy, MACCIA office-bearers led by president Lalit Gandhi from Mumbai and representatives of artisans and traders from Kolhapur. The brand had faced criticism after its footwear meant for men, showcased during Spring/Summer 2026 Menswear Show in Milan, resembled the traditional footwear from Kolhapur, popularly called Kolhapuri chappals, in Maharashtra.
Prada Group subsequently acknowledged that its collection was inspired by the GI-tagged traditional footwear from Maharashtra and Karnataka. The group had said it wished to engage with the artisans for further collaboration. A meeting to discuss this was organised online on Friday.
Responding to a TOI query after the meeting, Prada Group stated that "the meeting was held successfully" and it represented "an important moment in building mutual understanding and generating meaningful exchange to discuss potential opportunities for future collaboration".
The group said: "The next step will be for Prada's supply chain team to meet a range of footwear manufacturers, and the Maharashtra Chamber of Commerce has kindly agreed to support in identifying GI-approved manufacturers that Prada Group could potentially collaborate with."
Elaborating on the meeting, MACCIA president Lalit Gandhi said the Italian fashion house had expressed intent to launch a limited-edition "Made in India" Kolhapuri-inspired collection in partnership with local artisans.
Tired of too many ads? go ad free now
"The capsule collection will comply with GI-tag requirements and highlight Maharashtra's cultural heritage across global markets. This step marks a significant win for community recognition and inclusion in global design platforms," he said.
"To support this, the Prada team showcased successful global examples of their prior 'Made in' campaigns—featuring Made in Peru, Made in Japan, and Made in Scotland product lines.
They also presented their early vision for a Made in India–Kolhapuri collection, reinforcing their commitment to honouring craft origins while building meaningful global stories around them," Gandhi said.
MACCIA further proposed collaboration on heritage crafts, such as Paithani weaving, Himroo textiles, Bichwas/Payal (anklets), and regional embroidery work. "Prada responded positively and agreed to explore these crafts for potential integration into future collections," the MACCIA president said.
In its statement, MACCIA said the meeting was attended by five senior Prada officials from its Milan headquarters and senior members of the chamber. Members of the Kolhapur Chamber of Commerce, Kolhapur district footwear manufacturers' association and dealers were also present.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
a few seconds ago
- Mint
Stocks to buy for short term: From Paytm to Cipla — experts recommend THESE 5 technical picks for the next 2-3 weeks
Stocks to buy for the short term: The Indian stock market has been on a losing streak for the last three consecutive sessions, fueled by heavy foreign capital outflow, a delayed India-US trade deal, and weak Q1 earnings. The Sensex has crashed 1,836 points, or 2.2 per cent, while the Nifty 50 has fallen 2.1 per cent in the last three sessions. Investors have lost over ₹ 12 lakh crore in this period. On Monday, July 28, the Sensex closed 572 points, or 0.70 per cent, lower at 80,891.02, while the Nifty 50 settled at 24,680.90, suffering a loss of 156 points, or 0.63 per cent. Experts believe the market may remain weak in the near term. "The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950," said Rupak De, Senior Technical Analyst at LKP Securities. While the market sentiment appears fragile, experts see stock-specific opportunities across segments. Mandar Bhojane of Choice Broking and Vishnu Kant Upadhyay of Master Capital Services suggested five stocks to buy for the next two to three weeks. Take a look: Paytm has recently completed a breakout from a classic cup and handle pattern on the daily timeframe. Following this technical move, the stock is holding steady above its breakout point and gearing up for another potential rally. The increased trading volume accompanying this phase points to strong buying interest in the stock. "If Paytm can secure a close above ₹ 1,100, it may set its sights on reaching the immediate targets of ₹ 1,210 and ₹ 1,240. For prudent risk management, setting a stop-loss at ₹ 1,030 is advised, helping to cushion against any unexpected decline in price," said Bhojane. Garuda has recently broken out of a rounding bottom pattern, showing consolidation above the breakout level and is now on the verge of a fresh breakout. This move has been accompanied by a significant increase in trading volume, which signals strong bullish momentum. "If the price closes above the ₹ 185 level, it could potentially reach short-term targets of ₹ 210 and ₹ 220. To manage risk prudently, it is recommended to set a stop-loss at ₹ 170 to safeguard your investment against a possible market reversal," Bhojane said. Cipla has recently broken out of a symmetrical triangle pattern on the daily chart, accompanied by a notable increase in trading volume, which suggests strengthening bullish momentum. "If the price manages to sustain itself above the key resistance level of ₹ 1,580, the stock could aim for short-term targets of ₹ 1,700 and ₹ 1,750," said Bhojane. "The rising volume adds conviction to this breakout, indicating strong buying interest. However, to prudently manage risk, it is advisable to set a stop-loss at ₹ 1,510 to protect your investment from any unexpected market reversal or downturn," Bhojane said. Cipla has broken out of a prolonged consolidation phase with a strong bullish candle backed by rising volume, signalling aggressive buying. The stock is forming a series of higher highs and higher lows, confirming a sustained uptrend. It is trading above all key moving averages, reinforcing positive momentum. RSI is rising, indicating strength, and MACD has given a fresh bullish crossover. "The overall structure suggests strong momentum and continued buying interest," said Upadhyay. Supreme Industries broke out above a key resistance zone, signalling the start of a bullish phase. Following the breakout, it retested this zone, now acting as support, by forming a textbook double bottom pattern, reinforcing the strength of the level. The stock has resumed its uptrend, forming higher highs and lower lows. Price remains above all key EMAs, and volume expansion supports the breakout. RSI is holding above 60, and MACD has given a fresh bullish crossover, indicating sustained upside momentum. Navin Fluorine has broken out above a long-term resistance near ₹ 4,890-4,950 zone and is currently consolidating in a narrow range, indicating healthy digestion of gains and setting the stage for a potential further rally. The formation of higher highs and higher lows reflects a sustained uptrend. Price remains above all major EMAs. Rising volume during up moves, coupled with an RSI above 65 and a bullish MACD crossover, reinforces positive momentum and the structure's underlying strength. Read all market-related news here Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.


Mint
30 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 29 July 2025
Breakout stocks buy or sell: The Indian stock market extended its losing streak for the third straight session on Monday, July 28, closing in the red amid continued pressure from heavy FPI outflows, disappointing corporate earnings, and ongoing uncertainty surrounding India-US trade discussions. The Sensex ended the day 572 points, or 0.70%, lower at 80,891.02, while the Nifty 50 declined by 156 points, or 0.63%, to settle at 24,680.90. Meanwhile, the broader markets also witnessed a downturn, with the BSE Midcap index slipping 0.73% and the Smallcap index dropping 1.31%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market mood has further weakened as the Nifty 50 index has slipped below 24,700 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index has crucial support placed at 24,500 and it is facing resistance at 24,900. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." 1] Jagsonpal Pharmaceuticals: Buy at ₹ 287.8, target ₹ 308, stop loss ₹ 277; 2] Sterlite Technologies: Buy at ₹ 126.2, target ₹ 135, stop loss ₹ 122; 3] Cartrade Tech: Buy at ₹ 2066.9, target ₹ 2200, stop loss ₹ 1980; 4] Vijaya Diagnostic Centre: Buy at ₹ 1141.35, target ₹ 1222, stop loss ₹ 1100; 5] Advait Energy Transitions: Buy at ₹ 2316, target ₹ 2500, stop loss ₹ 2222. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
2 hours ago
- Mint
Best stock recommendations today, by MarketSmith India
On Monday, Nifty 50 declined 0.63% pressured by continued weakness in banking, financial, IT, and energy stocks amid lackluster corporate earnings. Persistent foreign institutional selling, driven by valuation concerns, further weighed on the index. Additionally, global uncertainty surrounding the India-US trade negotiations and the absence of fresh domestic triggers contributed to subdued investor sentiment. With muted earnings momentum and caution prevailing across sectors, the market remained under pressure throughout the session, reflecting a broadly negative undertone. MarketSmith India's Best stock recommendations for today Buy: Cipla Ltd (current price: ₹1,572) Nifty 50: How the benchmark index performed on 28 July On Monday, the Nifty 50 opened on a weak note with a gap-down opening and remained under pressure throughout the session, forming a "lower-high and lower-low" price structure on the daily chart, indicating a sign of continued bearish momentum. Barring Pharma and FMCG, all major sectoral indices, including broader market segments, traded in the red. The volatility index, India VIX, spiked 7% on the third consecutive day, reflecting rising uncertainty. Market breadth was distinctly negative, with the advance-decline ratio skewed toward decliners at approximately 1:3. From a technical standpoint, the index is trading 1.48% below its 50-DMA, reflecting a clear negative bias. The relative strength index (RSI) continues to decline and has slipped below 37, signaling weakening momentum and a prevailing bearish trend. Additionally, the MACD has maintained its negative crossover and has now moved below the central line, further confirming the downside momentum. This overall setup indicates continued selling pressure and the potential for further weakness in the coming days. According to O'Neil's methodology of market direction, the market status has been downgraded to an "Uptrend Under Pressure" as Nifty breached its "50-DMA" and the "distribution day count" rising to five. Nifty 50 remained volatile with a negative bias on Monday, ending the session in the red. The overall trend and market sentiment are likely to stay weak as long as the index continues to trade below its 50-DMA. A sustained move below this level could trigger further downside, potentially dragging the index toward 24,200-24,000 in the near term. On the upside, strong resistance is seen at 25,000, followed by 25,300. How did Nifty Bank perform yesterday? On Monday, this major sectoral index opened on a weak note and extended its downward move amid a volatile trading session, forming a bearish candlestick with a 'lower-high and lower-low" price structure on the daily chart. Both private and PSU banks remained under pressure and ended in negative territory. Kotak Mahindra Bank was the top laggard, while ICICI Bank bucked the trend and closed marginally in the green. The FINNIFTY index also traded with a negative bias, slipping 0.72% and forming another bearish candle on the daily chart. Technically, Bank Nifty breached its 50-DMA and closed below it on Monday, indicating a shift in short-term trend momentum. The relative strength index (RSI) is trending downward and is currently positioned around 45, reflecting weakening strength. Additionally, the MACD has maintained a negative crossover and is trending below the signal line, further confirming bearish sentiment. This technical setup suggests continued pressure on the index unless a strong reversal emerges in the near term. According to O'Neil's methodology of market direction, Bank Nifty remains in a 'Confirmed Uptrend', a status it has successfully maintained over the past few weeks. Nifty Bank found support near 56,000 and managed to close just above it. Going forward, 56,000 remains a crucial support level, and a decisive break below this zone could trigger further downside toward 55,200–55,000 in the coming sessions. On the upside, immediate resistance is seen around 56,400, and a sustained move above this level will be essential to halt further weakness and stabilize the trend. MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.