Home / Knowledge / News / VF Arvind plans large format outlets across the country
VF Arvind plans large format outlets across the country
13
Feb '08
VF Arvind brand, the joint venture of US based VF Corp and Arvind Mills is planning to come up with big stores soon, as the retail outlets are getting popular among customers these days.

VF Arvind aim to give the consumers best available options under one roof. Price is an important aspect which needs to be taken care of as all brands should be on similar level.

While talking about the benefits, the brand, will get from the retail outlets, Mr K E Venkatachalapathy, Business Head - Mega Mart, in an exclusive interview with Fibre2fashion stated, “Arvind has been in Value Retail Business for the last 15 years through its chain of Megamarts of smaller size of 3000 to 5000 square feet. In that sense it is a pioneer in this business. Therefore it is logical to expand in the same business through large Format Stores. Arvind is planning to invest Rs400 crores in the next 5 years to achieve a turnover of Rs2000 crs from Value Retail”.

The Business Head further informed, “Our retail outlets will have many apparel and non-apparel brands from big business houses like Raymonds, Madura Garments, Levis, LMG and Arvind Brands etc”.

Mr K E Venkatachalapathy divulged that the joint venture with a ratio of 60:40, is going to require an investment of Rs400 crores. The Top 20 cities will have 30 Large Format Stores covering an area of 40,000 to 70,000 square feet and Small Format Stores, spanning 3000 to 5000 square feet will be opened in other 100 cities.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

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

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

news category


Related Categories:
April 2017

April 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



X