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 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Suresh Patel
Sidwin Fabric

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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:
June 2017

June 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