Welspun hives off distribution, investment divisions

MUMBAI: Welspun India (WIL), the leading home textiles maker, has announced the demerger of its distribution & marketing and investment divisions into two separate companies.

The restructuring will allow it to have strategic focus on specific verticals of the businesses and therefore will enable better business control, flexibility on business operations and leveraging international focus of the group, the company.

The distribution and marketing company will hold the international businesses as well as retail chain Welspun Retail (WRL). It will be known as Welspun Global Brands (WGBL).

The other firm will be called Welspun Investments and will hold investments made in group companies of the Welspun Group, including the listed Welspun-Gujarat Stahl.