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U.S. Polo Assn opens 50th retail store in India

16
Dec '11
USPA Properties, Inc., global steward of the U.S. Polo Assn. brand, and Arvind Lifestyle Brands, a subsidiary of Arvind Mills, announce the opening of the 50th U.S. Polo Assn. brand retail store in India. The 50th store is located in Mumbai at Linking Road, an iconic premium shopping destination in India.

“International expansion is a key strategy for the U.S. Polo Assn. brand and the opening of a 50th store in India reinforces U.S. Polo Assn.'s strength as a leading International brand," said David Cummings, president and CEO of USPA Properties, Inc.

“This opening also marks an important moment in our relationship with Arvind, a licensee and valued partner to us for several years. Arvind has done a tremendous job in expanding the business in India. We look forward to continuing to work together to provide the Indian market with apparel and other products that are true to the heritage of the sport of polo.”

Arvind Brands has been the exclusive manager and authorized supplier of the U.S. Polo Assn. brand in India since 2007.

“This is an exciting day for Arvind and the U.S. Polo Assn. brand in India,” said J. Suresh, MD and CEO of Arvind Lifestyle Brands and Retail. “The popularity of polo in India has led to demand for retail apparel and other merchandise that are true to the sport. No other brand represents the heritage of the sport as well as the U.S. Polo Assn., reflected in the popularity of the brand within India. We are excited to open the 50th store and look forward to continued growth in India.”

In 2010, U.S. Polo Assn. brand wholesale sales totaled $7.12 million in India and $475 million worldwide. Other USPA stores in India are located in Delhi, Mumbai, Bangalore, Chandigarh, Pune, Ahmedabad, Hyderabad, Kolkata, and many more. USPA Properties, Inc. and Arvind expect to operate a total of 100 stores in India by the end of 2012.

The U.S. Polo Assn. brand is the official brand of the United States Polo Association (USPA), the non-profit governing body for the sport of polo in the United States since 1890. The Association's trademarks and logos worldwide are managed by USPA Properties, Inc., a wholly owned subsidiary of the USPA.

USPA Properties, Inc. partners with licensees in the United States, Canada, Mexico, the Caribbean, Central and South America, Asia, Europe, Scandinavia, Russia, and the Middle East to provide consumers with branded apparel, accessories, luggage, watches, shoes and home furnishings.

Arvind Brands & Retail is a wholly owned subsidiary of the Rs 4000 crores Arvind Ltd group (a company listed at the BSE), which is a global leader in development and production of textiles. Being a part of India's largest integrated Textile Company, which operates across the entire value chain from design to fabric, Arvind Brands & Retail has its footprints strongly held both in the domestic as well as in the international market.

U.S. Polo Assn


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