Latest news with #GautamSaraogi
Khaleej Times
11-06-2025
- Business
- Khaleej Times
Apparel Group and Go Colors launch first international store in Dubai
Apparel Group has announced the international debut of Go Colors with the launch of its first store outside India at Silicon Central Mall, Dubai. This strategic expansion brings Go Colors' extensive range of everyday and occasion-based bottomwear to a new global audience, marking a key milestone in the brand's global growth journey. Founded in India, Go Colors has built a presence across the country with a network of over 750 stores and a product portfolio that spans western, ethnic and fusion styles. The brand offers more than 50 bottomwear silhouettes in an extensive palette of colours, with inclusive sizing options designed to cater to women and girls across different age groups and body types. In Dubai, Go Colors has entered into a partnership with Apparel Group, one of the region's leading retail conglomerates. The collaboration marks a strategic step forward for both companies—extending Go Colors' reach into international markets while introducing a distinct, function-forward fashion label to Apparel Group's diverse brand portfolio. Notably, this also represents Apparel Group's first partnership with an Indian-born fashion brand in the UAE. Sharing his perspective on the UAE retail landscape, Gautam Saraogi, CEO & Founder of Go Colors, said: 'The UAE stands out as one of the most vibrant and diverse retail landscapes globally. Its cosmopolitan mix of over 200 nationalities makes it a powerful platform for inclusive, comfort-first brands like Go Colors. Our entry into Dubai marks more than international expansion — it's a step towards engaging with a global audience that values style, versatility, and everyday wearability. We see immense potential in the region and are excited to grow in such a dynamic retail ecosystem.' Neeraj Teckchandani, CEO of Apparel Group, added: 'At Apparel Group, we take pride in identifying and nurturing promising brands with strong potential. Go Colors' distinctive focus on inclusive, stylish, and affordable bottomwear aligns with our commitment to offering versatile fashion options for every customer. We're excited to welcome them into our retail ecosystem and look forward to driving their growth across the Middle East.' The Dubai store will house a curated selection of products, including leggings, palazzos, trousers, joggers, and other wardrobe essentials designed to work across different occasions — from casual and workwear to festive looks. The expansion signals Go Colors' growing ambitions in international markets, starting with the Middle East.
Zawya
09-06-2025
- Business
- Zawya
Apparel Group and Go Colors launch first international store at Dubai's Silicon Central Mall
Dubai, UAE – Apparel Group proudly announces the international debut of Go Colors with the launch of its first store outside India at Silicon Central Mall, Dubai. This strategic expansion brings Go Colors' extensive range of everyday and occasion-based bottomwear to a new global audience, marking a key milestone in the brand's global growth journey. Founded in India, Go Colors has built a strong presence across the country with a wide network of over 750 stores and a product portfolio that spans across all occasions offering more than 50 bottomwear silhouettes in an extensive palette of colors, with inclusive sizing options designed to cater to women and girls across different age groups and body types. In Dubai, Go Colors has entered into a partnership with Apparel Group, one of the region's leading retail conglomerates. The collaboration marks a strategic step forward for both companies—extending Go Colors' reach into international markets while introducing a distinct, function-forward fashion label to Apparel Group's diverse brand portfolio. Notably, this also represents Apparel Group's first partnership with an Indian-born fashion brand in the UAE. 'This is a significant step for us as we expand outside India.' said Gautam Saraogi, CEO & Founder of Go Colors. 'Dubai is a diverse and dynamic market, and we're excited to bring our range to customers here in partnership with Apparel Group, whose retail expertise and strong presence in the region make them an ideal collaborator for this milestone. The Middle East presents a promising opportunity for growth, and Dubai is a strategic starting point for our journey in the region.' Neeraj Teckchandani, CEO of Apparel Group, added: 'At Apparel Group, we take pride in identifying and nurturing promising brands with strong potential. Go Colors' distinctive focus on inclusive, stylish, and affordable bottomwear aligns with our commitment to offering versatile fashion options for every customer. We're excited to welcome them into our retail ecosystem and look forward to driving their growth across the Middle East.' The Dubai store will house a curated selection of products, including leggings, denims, trousers, joggers, and other bottomwear essentials designed to work across different occasions — from casual to workwear looks. The expansion signals Go Colors' growing ambitions in international markets, starting with the Middle East. About Apparel Group: Apparel Group is a global fashion and lifestyle retail conglomerate based in Dubai, UAE, with a growing network of 2,300+ stores and a diverse portfolio of 85+ international brands across 14 countries. The Group has established a strong presence in the GCC—Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman—and continues to expand across key markets including India, Southeast Asia, South Africa, and Egypt. Offering an integrated omni-channel experience, Apparel Group represents global names such as Tommy Hilfiger, Skechers, ALDO, Charles & Keith, and Tim Hortons. Its sustained growth is driven by a multicultural workforce of 27,000+ and steered under the leadership of its founders, Sima Ganwani Ved and Nilesh Ved. About AppCorp Holding: AppCorp Holding, led by Founder and Chairman Nilesh Ved, is a multi-billion-dollar transnational holding that, through its flagship company Apparel Group, operates across 14 countries, managing 2,300+ stores and representing 85+ international and homegrown brands with a workforce of 27,000+ employees. The holding has built a diverse portfolio spanning retail, food and beverage, real estate, logistics, healthcare, education, and investment. For more information, visit About Go Colors Go Colors [Go Fashion (India) Limited], a publicly listed company in India, is a leading brand specializing in women's bottom wear. Our extensive collection offers a diverse range of colors and styles to complement any top, all conveniently available under one roof. Go Colors has a network 750 plus exclusive brand stores across India and is also present in 2000 plus large format stores. Our product portfolio spans across all occasions offering more than 50 bottomwear silhouettes in an extensive palette of colors, with inclusive sizing options designed to cater to women and girls across different age groups and body types. Committed to offering premium quality products, we strive to maintain affordability without compromising on quality. Additionally, with 750 plus stores across India, our brand is easily accessible to customers nationwide. Prem Ramachandran The Dream Earth Dubai, UAE Email: prem@
Business Upturn
05-06-2025
- Business
- Business Upturn
Go Fashion opens first international store in Dubai in partnership with Apparel Group
By Aditya Bhagchandani Published on June 5, 2025, 13:26 IST Shares of Go Fashion (India) Limited traded in focus on Thursday after the company announced the commercial launch of its first-ever international store in Dubai. The store, located in Silicon Central Mall, marks Go Colors' debut in the Middle East market through a strategic partnership with Dubai-based retail giant Apparel Group. The expansion is part of Go Fashion's broader ambition to strengthen its global footprint. According to the company's press release filed with the stock exchanges, the new store will offer a curated selection of bottomwear products, including leggings, joggers, trousers, and more—targeting diverse customer segments across occasions from casual to workwear. Commenting on the launch, Gautam Saraogi, ED & CEO of Go Fashion, stated that Dubai was chosen as the first international destination due to its diverse consumer base and strategic importance within the GCC. Apparel Group's extensive retail network and operational expertise are expected to support Go Colors' growth across the region. As of 2024, Go Colors operates 750+ exclusive brand stores in India and is present in over 2,000 large format stores. This international foray comes at a time when the brand is increasingly focusing on affordability, inclusive sizing, and variety—offering over 50 bottomwear silhouettes in vibrant colors. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Standard
02-05-2025
- Business
- Business Standard
Go Fashion sizzles after Q4 PAT climbs 52% YoY to Rs 20 cr
Go Fashion (India) rallied 9.48% to Rs 858.95 after the company's standalone net profit jumped 52.41% to Rs 19.89 crore on 12.69% increase in revenue from operations to Rs 204.81 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) climbed 47.62% YoY to Rs 25.42 crore during the quarter ended 31st March 2025. EBTDA rose 16% to Rs 62.4 crore in Q4 FY25 from Rs 53.9 crore posted in Q4 FY24. EBITDA margin improved to 30.5% in Q4 FY25 as against 29.7% in Q4 FY24. In Q4 FY25, same store sales growth (SSSG) for exclusive brand outlet (EBOs) stood at 2% and same cluster sales growth (SCSG) for EBOs stood at 6%. On full year basis, the companys standalone net profit jumped 12.95% to Rs 93.49 crore on 11.19% increase in revenue from operations to Rs 848.16 crore in FY25 over FY24. Average Selling Price (ASP) for FY25 stood at Rs 769. As on 31st March 2025, total EBOs stood at 776 stores. Cash & cash equivalents stood at Rs 249 crore as on 31st March 2025. Gautam Saraogi, CEO, Go Fashion (India), said, Over the years we have evolved from a leggings and churidar focused brand into a comprehensive bottom wear player. This transformation is reflected in the growth of our average selling price which stood at Rs. 769 mainly driven by a shift in our product mix. We have maintained a strong full-price sales of 95.4%, highlighting both the strength of our pricing strategy and the continued acceptance of our products in the market. Our disciplined inventory management has resulted in a maintaining our inventory days at 102 days. We believe there is room to optimize this further by a few more days, which will contribute to a stronger balance sheet and support long-term, sustainable growth. We have successfully converted over 50% of EBITDA into operating cash flow. Looking ahead, we intend to sustain this as a core financial discipline, supported by robust inventory management. In FY25, we added a net total of 62 new stores, bringing our total store count to 776. Some store openings originally scheduled for Q4 FY25 were delayed due to store readiness issues and have opened in Q1 FY26. During the last year, we were focused on rationalizing our store portfolio, and all our store closures have been completed. With these closures done, we aspire to do a net addition of ~120 stores annually. Go Fashion (India) is a womens bottom-wear brand in India. It is engaged in the development, design, sourcing, marketing and retailing a range of womens bottom-wear products under the brand, Go Colors
Fashion Network
01-05-2025
- Business
- Fashion Network
Go Fashion Q4 net profit rises 54 percent to Rs 20 crore
Go Fashion India Limited, parent company of leading women's bottom wear brand 'Go Colors' reported a 54 percent increase in net profit to Rs 20 crore ($2.4 million) for the fourth quarter ended March 31, as against Rs 13 crore in the year-ago period. The company's revenue for the quarter rose by 13 percent to Rs 205 crore, as against Rs 182 crore in the corresponding quarter of the previous fiscal year. For the full financial year, Go Fashion reported a revenue of Rs 848 crore with a net profit of Rs 94 crore. Commenting on the result, Gautam Saraogi, CEO of Go Fashion in a statement said, 'At Go Colors, we continue to deliver robust financial performance despite a challenging demand environment. This performance is in line with our efforts on improving business efficiency and implementing strong cost control measures.' 'Our ongoing investments in technology and product innovation continue to keep us ahead of industry trends. As the broader industry begins to recover, we are well-positioned to deliver stronger performance in the years to come,' he added. During the financial year 2025, the company opened 62 new stores taking its total count to 776 stores as on 31st March 2025.
