Home / Knowledge / News / Apparel/Garments / Spykar buys back stake from Avigo Capital
Spykar buys back stake from Avigo Capital
Mar '11
Spykar, a leading denim brand has repurchased its 40 percent stake from Avigo Capital Partners, a Dubai-based firm by way of a deferred payment deal.

Spykar revealed that, they have bought back their 40 percent stake for Rs. 500 million and would be paying the sum in 18 instalments over the next 18 months.

In 2007, Avigo acquired 40 percent stake in Spykar for Rs. 400 million, but now it has withdrawn itself from the firm.

Spykar is now presently in talks with other investors to attract investments of around Rs. 300-400 million, and may possibly strike a deal, within a month, by diluting at the most 15 percent of its stake.

Spykar is a denim-centric men's and women's casual lifestyle brand, with a strong network of 200 retail outlets, and presence in 800 multi-brand outlets and in 125 large-format stores like Shoppers Stop, Globus and Lifestyle.

Fibre2fashion News Desk - India

Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Rajiv Sirohi

‘Portugal is taking away a major share of the mill made sector.’

Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search