Brands
Faber-Castell art business grows by 300% y-o-y during Covid2019
NEW DELHI: Faber-Castell is a name most children grow up with. As one of the leading manufacturers of wood-cased pencils with a varied range of products for writing, drawing, and creative design, as well as decorative cosmetics, it also found Covid2019 challenges and is now changing its strategy.
Faber-Castell marketing director Sonali Shah says, “When the country was in complete lockdown, schools were shut, stores were shut, we were completely shut. But we saw a lot of latent demand coming from e-commerce. And when stores started opening, we saw that a lot of people started putting their attention towards DIY (do it yourself) products and art which helped us gain demand for our products.”
Self isolation, work from home and study from home options led to a growth in demand for art and other stationery supplies. Faber-Castell tied up with Swiggy Genie to make stationery available at the doorstep for its consumers.
“Demand for products including highlighters, text liners, which are generally used for office purposes, now because of digitisation, people actually want to do hands-on things. Our art business has grown by 300 per cent over last year and we have recently launched our liquid paint. Art is divided into dry medium and liquid medium. Dry medium products include crayons and coloured pencils and liquid medium is acrylic paints, fabric paints, poster colours and watercolour. Our liquid paint business has grown by 84 per cent,” she shares.
Faber-Castell had restrained from any overt advertising during the pandemic. “I thought it's quite insensitive for us to do it. But what we continue doing is putting up tutorials on different techniques that people can use to do art and crafts and DIY techniques and how they can spend their time at home. So, that was something that we had done during the lockdown. Now that things are opening up, we will probably look at launching eco-friendly products, make in India products because that’s the need of the hour. So, we are launching our paper pencil and eco pencil. For now, we have taken a conscious call to not do any overt advertising as such, but we will try and put as much content out there to help people get through this tough time,” she shares.
With the thrust being given to Make in India products and eco-friendly items, Faber-Castell will refocus its attention and fast-track its product developments to meet the demand.
Brands
Malaika Arora launches accessories brand Maejoy
The Bollywood star’s lifestyle brand, built with Myntra and Exceed Entertainment, promises aspirational fashion without the high price tag
MUMBAI: Malaika Arora is not the first Bollywood star to put her name on a brand, and she will not be the last. But Maejoy, the accessories label she has launched in partnership with Myntra Jabong India Private Limited (MJIPL) and talent outfit Exceed Entertainment, at least has a sharper pitch than most. The brand drops with 250-plus styles spanning handbags and lab-grown diamond jewellery, two categories that sit squarely in the sweet spot between aspiration and affordability, and lands on Myntra’s platform from day one, putting it in front of millions of shoppers without breaking a sweat.
The handbag range covers the full gamut: crossbody bags, structured shoulder bags, bucket bags, totes, workwear classics, backpacks and clutches, rendered in synthetic leather, raffia, braids, satin, rhinestone and metallic finishes. The jewellery line runs to rings, earrings, pendants, bracelets and tennis bracelets in silver, gold and rose-gold tones, set in 925 sterling silver with IGI and GCI certified lab-grown diamonds. The brand’s guiding philosophy, “The Joy of Being Me,” stakes its claim on individuality and self-expression; its three brand pillars, Authentic, Empowering, Accessible, are the usual suspects, though the lab-grown diamond bet is savvier than it sounds. Lab-grown stones now sell at a fraction of the price of mined ones, and the category is growing fast in India as younger buyers wise up to the arbitrage.
“Maejoy is a labour of love. Throughout my career, whether on screen, in business, or through my personal style, I’ve championed the idea that fashion should be empowering yet effortless. The brand aims to democratise global fashion trends while offering women something that extends the feeling of luxury every day, be it a lab-grown diamond or a perfectly crafted handbag,” said Malaika Arora, founder of Maejoy
MJIPL, the B2B wholesale arm of Myntra, is putting its design and brand-building muscle behind the venture. Suman Saha, chief experience officer and head of house of brands at MJIPL, was bullish on the tie-up.
“Maejoy brings together Malaika Arora’s distinctive style perspective with a strong proposition in the accessible yet elevated accessories space. We believe the brand’s fashion-forward designs and thoughtful positioning will connect strongly with discerning consumers.”
Suman Saha, chief experience officer, head of house of brands, MJIPL
Afsar Zaidi, chief executive of Exceed Entertainment, the talent management firm that helped broker the deal, has worked with MJIPL before and was characteristically direct about what makes Arora an unusually bankable partner.
“Building celebrity-led brands requires a delicate balance of authenticity and market viability. Malaika is a rare talent who commands equal respect as a fashion icon and a savvy businesswoman. We are proud to facilitate this partnership that brings together her creative clout and Myntra’s brand-building excellence,” said Zaidi
Celebrity fashion brands live or die on one question: does the star actually wear it, or is the cheque the only thing they signed? Arora, who has spent three decades as one of Bollywood’s most-watched style references, has at least built a plausible case. Maejoy is live now on www.myntra.com and the Myntra app. The real test, whether shoppers buy the handbag or just the hype, starts today.
