As the country’s leading trade
and fashion platform, Lakmé Fashion Week ushered in new talent and expanded
its reach by tapping buyers from across the country to promote Indian
craftsmanship and facilitate trade for designers. Winter/Festive 2012 addressed the power
of e-commerce, creativity and social media and successfully concluded yet
another season of Lakmé Fashion Week.
The season witnessed a remarkable growth in the
number of buyer registrations from across the globe with a total of 220 buyer registrations that included 175 domestic and 45
international buyers. A platform that functions as a creative and trade
outlet to showcase innovative designs from around the world, LFW has
established itself as a strong networking ground for designer and buyers to collaborate
and build relationships. LFW Winter/Festive 2012 saw an exponential growth of
participating designers and greater business opportunities for buyers as well.
Lakmé
Fashion Week this season also announced Gaurang
Shah as the winner of the LFW Heritage Award- a cash prize of One Lakh rupees for the designer who
best incorporated Indian textiles in their collection for Indian Textile Day.
The winner was selected by a prominent jury of Jaya Jaitly, Maximiliano Modesti, Krishna Mehta and Anjana Sharma.
DESIGNER SPEAKS
“Business has been very good from the domestic
buyers which has already summed up to a total of 50 lakhs and up. Most of our
buyers were from South and Western India and a few from Northern and Eastern
region. This season International buyers were less compared to the other
seasons but they don’t really matter at this stage because Indians today are
far stronger buyers. Besides the Indian contingency takes up my full production
capacity”, said designer Krishna Mehta.
Participating
in his second season, designer Nikhil
Thampi says, “For a non-design student and an absolute newbie in fashion the
response I have got is dream like. My collection was so very well accepted and
the sales and store inquiries kept pouring in every minute. I have one
confirmed order and one from a big store in Bahrain and they have asked for 37
pieces per garment which adds up to an estimate of 15 lakhs. I think that is brilliant for a new comer to start. I
am in talks with an international store in New York and others leading stores
in Mumbai like Ogaan, Fuel and others that would be stocking my collections.
Also what is overwhelming is the interest people have shown for me to showcase
my collection at international events. So far a London Fashion Week
representative and somebody from Dubai have shown keen interest. To sum up the
season has been a really fruitful one for me and I am keeping my fingers
crossed for more.
Designers Mayank Anand
& Shraddha Nigam said, “This
season we have had much more inquires, footfalls and more serious buyers. It’s
festive time and the season’s really opened up. It has just been really
awesome. I think each season it just gets progressively better and better. If
we compare our last Winter/Festive season, business has really tripled and also the response has been
pretty good in terms of our growth and a much better response to our work”.
Shruti
Sancheti said, “I have
had a good season so far and much more business keeping the festive season in
mind. The collection was well appreciated with a lot of lucrative offers. I was
retailing with a lot of stores but this time, the number of buyers has doubled
and more business offers have come in with some very interesting ones. I am
looking forward to my next season already”.
First
time participating designer Aniket Satam of the Gen Next category said, “I have had a pretty good response from
buyers, and all the stores that I was aiming for have approached me. They are
all looking for consignments but since we are part of Gen Next it is good and
is a start to a business opportunity for sure. It is really good to see
established multi designer stores approaching young designers and giving them
an opportunity to have a rack along with the other big designers in their
stores. I was surprised to see stores from Nagpur, Hyderabad, Pune apart from
Mumbai and Delhi approaching me and looking for pieces that were shown on the
runway”.
“This
has been my first year and first show and it has taught me a lot of things and
what I probably should concentrate on the next time around. I have got a lot of
good response, a lot of people that have come in and are looking at following
up. In fact a lot of people have come back twice and thrice. I also have a lot
of confirmed inquiries. Hope that translates completely into a really fruitful
season for us and it’s been good so far,” said,
designer Karishma Shahani.
“We have had a very good response from the
buyers this season. Our existing stockiest have come and confirmed orders worth
30-40 lakhs for this season’s
collection and we have also met around 10 new stores that we are still in
negotiation with. We have also had new enquires from new retail outlets and one
or two e-commerce sites that we are interested in. So overall it has been a
really positive season”, said designer Isabelle
Mittal.
Designer
Ritika Bharwani said, I would say
that LFW is a really good platform to facilitate buyer - designer interaction,
especially for new designers like me that give us visibility and the
reach”. I am very happy with the
response by label has received at LFW. Post LFW Summer/Resort 2012 I was able
to start retailing at many stores and this season my aim has been to continue
to reach out to other stores
BUYERS SPEAKS:
Falguni and Sushil Jhaveri of Fuel, Mumbai said, “As buyers for the
past 9 years in the country we are extremely happy with the overall
arrangements at Lakmé Fashion Week as always. Every season it gets better. The
participating designers are far more mature than earlier & are well
prepared to do business. We are highly impressed with the Gen Next lot, they
have great potential. Our budgets for buying is normally 30% for LFW,
50% for WIFW and 20% others. Must say that this season it
shall be 40% LFW, 40% WIFW & 20% others. We are
already planning business with the likes of Richa Agarwal, Aniket, Sonakshi
Raaj, Shruti Sancheti, Babita M, Gaurav Shah, Rajat Tangri, Swati Jain, Pia
Pauro, IZI Atelier, Mayank & Shradha and many others.
“Lakmé
Fashion Week has always been a nice experience for me and this time as well, it
was very well organized. We see a lot of new designers coming, showing their
talent on the ramp and getting recognition. For the business of fashion it is very
essential to have good prices. We are looking forward to working with Yogesh
Chaudhary who has come up with a beautiful collection this time and has made a
nice come back in his second season after participating in Gen Next last
season. We are also looking forward to working with designers like Swati Jain,
Nandita Thirani, Shruti Sancheti, Krishna Mehta and some more”, said Nilesh Parashar of Nautanky.
Rasika
Wakalkar of Rudraksh, Pune
said, “Firstly, the initiative to recognize buyers and giving a platform to
share common concerns with industry peers was a laudable and much required
effort, perhaps the first of its kind at a public platform. The Gen Next
designers seemed to have been mentored much better in terms of their market
readiness rather than just fashion week readiness, which in turn will help them
establish a retail relationship with stores than just hope to have it. There
was a pronounced positive feel and vibe in terms of the designers-buyers-FW organizers’
working towards a common market place, which for a Trade show is important. We
are buying outright with Krishna Mehta, Priyadarshini Rao and Wendell Rodricks,
who we’ve been buying from since FW2008. We are also investing in Pia Pauro,
Vaishali Shadangule, Rohan Arora, Anushka Khanna, Mayank Anand Shraddha Nigam,
Nimish Shah, Swati Vijaivargie Jain. Also looking at a business relationship
with Aastha Bahl,Shruti Sancheti, Jatin Varma & Karishma Shahani and Gen Next designers Aniket Satam, Threesome,
Richa Aggarwal & Sneha Arora. I think we would clock minimum about 10 lakhs
of buying budgets if not more”.