Brands
Libas launches Hyderabad flagship store with a star-studded celebration
MUMBAI: Libas, has officially opened the doors to its latest flagship store at Sarath City Capital Mall, Hyderabad. Spanning a stylish 4,000 sq. ft., the store marks a major milestone in the brand’s expansion across southern India, taking its nationwide retail footprint to over 25 outlets.
Blending fashion with entertainment, the launch featured the first-ever edition of Libas Circle—a unique brand experience combining a secret concert, store reveal, and exclusive fashion drop. The evening drew over 1,000 fashion and music enthusiasts, with a high-energy live performance by popular cinema singer Akasa setting the tone for a new kind of cultural celebration.
Strategically located in one of Hyderabad’s busiest lifestyle destinations along the Gachibowli-Miyapur corridor, the store benefits from its proximity to key corporate zones like HITEC City and the Financial District. This makes it ideally positioned to reach Libas’ core audience—urban, style-savvy professionals who value comfort and elegance.
“Southern India is a critical market for Libas, and Hyderabad has always been on our radar as a high-potential city. Sarath City Mall, with its cosmopolitan crowd and strategic location, offers the perfect launchpad for us to deepen our regional presence,” said Libas founder & CEO Sidhant Keshwani.
The store features Libas’ full collection—from everyday ethnicwear to occasion-specific designs—crafted with premium fabrics and detailed finishes.
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.
