Arvind Brands targets Rs 5,000cr sales in 5 yrs

Arvind Lifestyle Brands, a unit of textile firm Arvind Ltd , expects sales of Rs 5,000 crore in the next 5 years, helped by strong growth in the existing business and acquisition of new brands. While the company expects Rs 3,000 crore sales from organic growth, Rs 2,000 crore sales are expected from acquiring brands […]

Arvind acquires Debenhams, Nautica and Next business in India

Arvind Lifestyle Brands, subsidiary of Arvind Ltd, one of the largest players in the apparel brands and retail space, announced the acquisition of the business operations of British fashion retailers Debenhams and Next and American Lifestyle Brand Nautica in India from Planet Retail. Announcing the acquisition, Sanjay Lalbhai, Chairman & Managing Director of Arvind Limited […]

Megamart’s big shift

There will be lesser number of banners screaming “Buy three and get one free” at Megamart, the discount chain of textile major Arvind. Reason: Arvind is shedding the discount tag across its 225 stores. Rather, it wants to be a value player in apparel retail like Landmark group’s Max stores or Reliance Trends, the apparel […]

Planet Retail may sell apparel brand rights to Arvind

Ramesh Tainwala-led Planet Retail, will completely exit the rights for apparel brands Nautica, Next, and Debenhams, which it holds. The company has finalised a deal to sell them to textile and apparel major Arvind. An announcement on this is expected in three to four days, said a source in the know. Though Tainwala did not […]

Arvind eyes Debenhams, Next’s business

MUMBAI: Arvind’s Sanjay Lalbhai may acquire the operating stores and rights of British fashion retailers Next and Debenhams from Planet Retail, triggering another retail industry consolidation , said two sources directly familiar with the developments. Arvind’s wholly owned subsidiary Arvind Lifestyle Brands is holding advanced talks to buy a large portfolio of retail assets, including […]

Arvind aims to be a Rs 8,000-crore revenue company by 2015

AHMEDABAD: With focus on domestic market, the city-based leading textile firm Arvind Ltd today said it aims to be a Rs 8,000-crore revenue company by 2015. The company’s revenue in FY12 stood at Rs 4,925 crore as against Rs 4,085 crore in last fiscal. Profit after tax ( PAT) grew by 48 per cent to […]