Home / Knowledge / News / Apparel/Garments / Liverpool Retail buys stake in Nepal-based textile firm
Liverpool Retail buys stake in Nepal-based textile firm
22
Sep '10
Mr Kailash Gupta
Mr Kailash Gupta
Liverpool Retail, an Ahmedabad-based apparel retailer has attained a 33 percent stake for around Rs 200 million in Momento Apparels; a Nepal based textiles manufacturing company, in order to backward integrate its operations. Liverpool Retail has two brands in it stable; Liverpool and Barcelona.

Currently, Liverpool Retail is present in 200 cities in India, out of which 100 outlets are in Gujarat. The rest of the stores are spread across states of Rajasthan, Madhya Pradesh and Uttar Pradesh. It also plans to focus on other states like Kerala, Karnataka Tamil Nadu, Andhra Pradesh, and Maharashtra, for which it plans to offload 25 percent stake in the company to raise Rs 1.5 billion, through an IPO.

In an exclusive interview with Fibre2fashion, Managing Director of Liverpool Retail, Mr Kailash Gupta shared his vision on the rationale behind the acquisition, by saying, “Usually, we buy fabrics from many different countries and when we import these fabrics, we have to pay high import duties. India has a treaty with Nepal under which the imported fabrics do not attract any duty, along with which the quality of products rolled out by Momento Apparels Pvt. Ltd., is very good, so the rationale behind the acquisition is, we can cut down on our cost and get good quality”.

Commenting on the current situation in the Indian apparel retail scenario, he said, “The market is faring 3-folds.The per capita requirement is increasing day by day. In previous times, consumers used to wear only two pairs of clothes in a day, but now they wear workwear in the day, casuals in the evenings and again nightwear for the nights.

“Overall requirement is increasing in both, un-organised and branded market segments and while in previous years, people were attracted by imported clothes, but now, we are able to deliver high-quality of fabrics and clothing, which has increased demand for Indian-made products amongst Indian consumers, leading to a growth in the Indian retail market”.

While sharing his expansion plans, he said, “We are planning for expansion in a big manner. We are coming up with 50 family stores, each having an area of 5000 sq feet and above in a span of one year. We are targeting the tier II and tier III cities and would be introducing more varieties.

“We are basically in to formals and casuals, along with kidswear and other segments but we need more time to fully establish ourselves, as consumers are still not aware of our offerings, along with which, we are also planning a full-fledged e-commerce online portal in the next 5-6 months”, he concluded by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search