Brands
Cantabil Retail India sets milestone with 500th store opening
Mumbai: Cantabil Retail India Ltd, a leading name in the fashion industry, is proud to announce the opening of its 500th store in the culturally vibrant and historic city, Ayodhya. This milestone marks a significant achievement for the brand as it continues to expand its footprint by making its exceptional fashion collections for men, women, and kids more accessible to customers.
The magnificent unveiling of the store located at Rekabganj, Ayodhya, proved to be a memorable event for fashion enthusiasts in Ayodhya. The newly opened store will showcase Cantabil’s latest and most comprehensive selection of Men’s, Women’s, Kid’s, and Accessories, providing an unmatched shopping experience that encapsulates style, quality, and innovation.
Sharing his thoughts on achieving this significant milestone, Cantabil Retail India Ltd director Deepak Bansal expressed, “Reaching the milestone of our 500th store in India is a moment of great pride for the brand. This is a testament to the trust and support of our customers, and it reflects our unwavering commitment to offering fashionable and affordable clothing for all. We are not only thrilled about this achievement, but also excited about the prospects it opens for us all over the country. We are also eagerly looking forward to our future expansion, with our sights set on entering the international market, beginning with the opening of our first-ever store in Nepal. This marks a new chapter in our journey, and we are eagerly awaiting to introduce the Cantabil experience to a new audience worldwide.”
In the current financial year 2023-24, Cantabil opened 69 new exclusive retail stores, spanning across 14 different cities, such as Ahmedabad, Jaipur, Kota, Dehradun, Ambala, Vidisha, Muzaffarnagar, Hamirpur, Ankleshwar, Chandigarh and Bhopal etc. This further aligns with company’s ongoing commitment to delve deeper into Tier II and III cities, delivering a futuristic and rejuvenating retail experience for customers. Currently, Cantabil presence is in 20 states & more than 250 cities across India and plans to open more stores in the coming months.
Marking this landmark announcement, Cantabil has also diversified its portfolio and forayed into the footwear and Athleisure category, encompassing a collection of 30 unique product options, and intends to open 5 exclusive brand outlets catering to these categories by the end of the year.
The first store in this category is located in Hapur, with an expansive 1100 square feet of retail space, and will serve as a showcase for Cantabil’s recently launched Athleisure and Footwear collection, to meet the increasing demand for trendy and comfortable collection that seamlessly transitions from the gym to everyday life. It will also underline the brand’s unwavering dedication to presenting the most current fashion trends to the consumers in the city by offering a diverse range of products, including Activewear, Sneakers, Sport-shoes, flip-flops, luggage, perfumes, and towels, alongside its extensive regular collection.
The brand is set to embark on its international journey with the inauguration of its first exclusive brand outlet in Nepal, marking an exciting step into the global market.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
