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Tuesday, June 17, 2008

Bombay Dyeing opens first retail store in Dubai

India's leading apparel maker Bombay Dyeing has tied up with the Dubai-based retailer Rivoli Group, to open its first retail store in Dubai.

"After setting an unparallelled benchmark in the Indian textile industry, this is Bombay Dyeing's first concept store in the region. The extravagant showroom done by a team of professional experts in spectacular interiors will showcase an overwhelming collection of bed and bath linen," said Executive Director of Bombay Dyeing S K Gupta.

The range boasts company's premium and designer labels like Sabyasachi Signature Line, Wendell Whites, Urban Living, Country Romance, CMYK, Sorbet and the Bombay Dyeing evergreen printed collections.

"After establishing ourselves as exporters of a wide array of furnishing fabrics to various countries across Australia and America, we are glad to have partnered with a regional luxury retail group like Rivoli to launch our exquisite products here," Gupta told media at the launch.

"Bombay Dyeing continues to be a dominant player in the export field and supplies to countries in the European Union, USA, Australia and New Zealand," he added.

Indian fashion designers Sabyasachi Mukherjee and Wendell Rodricks were present at the occasion.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
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