India, by my estimates, is a much bigger market.
Sanjay Vakharia talks about the Indian denim industry, brands, and retail industry with Mary Christine Joy. Synopsis: Mr. Prasad Pabrekar's ambition and vision coupled with Mr. Sanjay Vakharia's unwavering passion and strategic intent led to the creation of Spykar, a brand which truly personifies excellence, aspiration and sustainability. Spykar is a brand synonymous with the youth and aspiration. Breaking the confines and expanding the horizon, the brand believes in evolving each day with the ever evolving fashion world. Keeping pace with the fashion dynamism, the brand at every point epitomizes global fashion and is a beacon of effortless style. Mr. Sanjay Vakharia, has been a pillar of strength for Spykar Jeans since its inception in 1992. With a strategic bent and an opportunist, Mr. Vakharia has been instrumental in creating the brand image for Spykar. With an elaborate experience over two decades and an extensive insight into global trends across markets like USA & UK, coupled with sharp business acumen, Mr. Vakharia gave Spykar the required impetus to transform from a laundry grown to a brand that defines- excellence, aspiration and sustainability. Also his impeccable understanding of the dynamic & ever-changing youth market of the country has always given the brand the edge over his competitors. Excerpts:
Our researches indicate that Spykar Jeans is expanding its reach beyond denim and casuals. Can you state something about your expansion plans?
How big is the jeans wear market in India? Can you give us some insights on the market for jeans wear in India?
Indian consumers do not exhibit brand loyalty, and this concept is a bit hard to be practiced in India as compared to the other developed countries of the world. Do you agree? Please elaborate your answer.
In terms of retailing, what would you prefer - Multi Brand Outlets or exclusive stores? Why is it so?
How do you see the market for denim jeans in the Middle-east as compared to India? What are the major differences?
DISCLAIMER: All views and opinions expressed in this column are solely of the interviewee, and they do not reflect in any way the opinion of Fibre2Fashion.com.