Home / Knowledge / News / GHCL shifts Dan River biz to Fabient
GHCL shifts Dan River biz to Fabient
21
Apr '08
GHCL Ltd has announced that GHCL a $700 million multi product transnational Company after restructuring its business here in India is getting on with the restructuring of its USA home textiles business.

The Company is restructuring the business previously operated under Dan River, Best Textile and HW Baker under one Global B2B vehicle to pursue its vision of enhancing B2B operations.

It is creating focused verticals for its US business wherein all its institutional & hospitality businesses (supplies to hotel chains, Restaurants, Laundries, hospitals) would come under one vertical.

"As the Group is looking to enter into US retail business directly, this poses a conflict of interest with the existing retailers as the market category between Dan River and existing clients may remain the same.

In the current sluggish US retail market where retailers themselves are struggling to make margins at the expense of the supplier, such a strategy reduces the attractiveness for Dan River to maintain third party relationships. We are moving away from Dan River business of supplying to Retailers on CIF basis because of the huge costs involved.

Going forward we would be servicing the relationships through Fabient's, Vapi and global sourcing units via the FOB model, as is being presently done which will require a limited set up of about 15-20 people and a saving of $ 15 to 20 million dollars on an yearly basis", said Mr. Sanjay Dalmia Chairman GHCL.

Must ReadView All

Apparel/Garments | On 23rd Feb 2017

NAFTA renegotiation puts Mexico-US jeans trade at risk

The almost imminent renegotiation of the North America Free Trade...

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search