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Apparel and Textile News

Arvind Shares Surge Over 10% on Fund Raising Plans

One of India's largest integrated textile and apparel company, Arvind Ltd one of India's largest integrated textile and apparel Company, has today announced its decision to raise about crore by diluting 10 per cent stake in its brand business arm, pegging its enterprise value at ,000 crore. The entire stake will be picked up by Multiples, the private equity firm founded by Renuka Ramnath. Arvind's brand portfolio business clocked a…
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Apparel and Textile News

Tommy Hilfiger Receives FIPB

American fashion apparel major Tommy Hilfiger received Foreign Investment Promotion Board (FIPB) approval to run own stores and start e-commerce in India. The approval, granted earlier this week, came nearly four years after its Indian arm, Tommy Hilfiger Arvind Fashion, moved the application. NYSE-listed PVH Corp and textile tycoon Sanjay Lalbhai-led Arvind equally own Tommy Hilfiger's Indian operations. When contacted, the local unit declined to comment on the development. In…
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Apparel and Textile News

Arvind Launches Nnnow.Com To Take On E-Tailers

Kulin Lalbhai's first big move towards reshaping Arvind's fashion empire is about to get tested. The younger son of textile tycoon, Sanjay Lalbhai is ready to unveil , a project that has been in the making for over a year, which intends to tap the growing digital influence of fashion shoppers in India. "I know Omni-channel is an oft-repeated term. It's confused with multi-channel sales. I need to be clear…
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