The fast-fashion brand Zara closed its flagship store in the historic Ismail Building in South Mumbai as it was unable to pay Rs 3 crore monthly rent for the premium retail space.
Rare Rabbit, a Bangalore-based fashion startup, is set to secure its first funding round, raising ₹500 crore. Investors include Nikhil Kamath and Ravi Modi with ₹150 crore, and A91 Partners with ₹350 crore.
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