Creative Garments expands with acquisitions

07 Feb '06

1 min read

Creative Group, the Mumbai-based garment exporter, is on the route of mergers and acquisitions to spread its business and would soon tap the capital market for its funding, said Creative Group Managing Director Rahul Mehta.

The Rs350-crore group is dealing in home furnishings, BPO and stock brokering services and has recently ventured into readymade garment by partnering with Double Bull for selling their range in the international and domestic market.

The group has coped with its financial issue by internal accruals, however, it would think about entering the capital markets in next six months, Mehta added.

On joining hands with Double Bull, Mehta informed that this alliance would allow them to use marketing and design know-how of Double Bull with their strong reach and penetration in International markets.

Speaking about Double Bull, Ram Thadani, its Managing Director stated that Double Bull has a turnover of Rs20 crore with five retail outlets.

It has plans to increase its distribution stores by 200 shops in the next one year, said Thadani.

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