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TOMMY HILFIGER AND WALMART
Indian cotton yarn's journey, from knitting to packingCotton produced by a farmer in Telangana can move thousands of kilometres to become a T-shirt, compared with barely a few hundred kilometre...- India has 100-plus cities for fashion business unlike other Asian countries: Shailesh Chaturvedi, MD, Arvind Fashions“We want to penetrate small cities and Tier 3 and 4 towns as we noted growth in our business in these markets over last year. Covid-19 has ...
- Expect business to be back to normal by August: Arvind FashionsIn the third quarter ended December, the Bengaluru-based retailer registered 106% sequential growth driven by festivals, winter sales and o...
- Arvind Fashions Q2 results: Net loss widens to Rs 218 cr; revenue drops 56%The casual wear and denim player reported a 56% drop in revenue in the second quarter at Rs 463.81 crore. A year ago, it had sales of Rs 10...
- Arvind Fashions Q1 results: Reports net loss of Rs 213 cr, sales drop 81%The casual wear and denim player reported an 81% drop in net sales at Rs 170 crore, the company said in a customary exchange filing.
- India most preferred destination for global brands like Zara, H&M and Tommy HilfigerIndia has emerged as the most preferred destination for global brands and stores like Zara, H&M, Tommy Hilfiger and Walmart.
- Exports surge 13.5% in October, but market on edge over taperRecovery in global markets pushed the country's exports to a two year high of 13.47 per cent to $27.2 bln in Oct even as trade deficit wors...
- Western retailers open Bangladesh garment factories to inspectionsA grouping of 70 Western retailers and brands will inspect the safety standards of Bangladeshi garments units in the wake of global uproar.
- Will Walmart sign the Dhaka pact?The European companies are joined by more than 1 million consumers who have signed petitions urging companies such as Gap to support the pr...
- Construction of country's biggest mall to be completed by 2016: DLFThe mall was originally planned in 2005 to be completed by 2007 when it would have been largest in world, but was put on back burner as dem...
- Walmart, Tesco entry just a matter of time, cabinet note on FDI in retail movedBesides allowing 51% FDI in multi-brand retail, the government may now remove the cap on FDI in single-brand retail.
- Malls rentals climb to two-year highA mall developer in Ahmedabad recently managed to get 15% raise in rentals while renewing lease contracts with retailers.
- Garment exporters hire more as demand picks upUnited States may still be staring at all-time high unemployment levels, but back in Bhilwara, they are raising a toast to the gradual turn...
- Hong Kong co acquires 26% in Future LogisticsHong Kong-based Li & Fung Group, a global supply chain manager picked up more than 26% stake in Future Group’s logistics arm Future Logisti...
- US recession hits garment suppliers in IndiaAs the US shows definite signs of recession, Indian suppliers to retailers like Wal-Mart, Target and Gap are feeling the heat.
- Diesel may exit Arvind JV, freeze India plansIt is believed that the Italian giant thinks that India may not be ripe for the 'Diesel way of life' yet, and it should revisit the entry s...
- Tommy Hilfiger eyes 51% stake in Indian bizTommy Hilfiger, is looking at direct ownership of its India operations by bringing in the permissible 51% FDI allowed in brand retail. Fash...
- Vijay Murjani to enter cash & carry tradingThe government has allowed Murjani owned-Brand Marketing Limited, an operating company, to convert itself into a holding company for making...
- Texport Syndicate buys 75% in VanasthaliMumbai-based Texport Syndicate group has picked up about 75% in Delhi-based Vanasthali Textile Industries, a premier terry towel manufactur...
- FIPB faces franchisee fan furyMinistries of textiles, food processing concerned over sourcing of goods by big foreign brands.
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