Home / Knowledge / News / Apparel/Garments / Arvind buys Debenhams, Nautica & Next business in India

Arvind buys Debenhams, Nautica & Next business in India

27
Sep '12
Arvind Lifestyle Brands, subsidiary of Arvind Ltd, one of the largest players in the apparel brands and retail space, announced the acquisition of the business operations of British fashion retailers Debenhams and Next and American Lifestyle Brand Nautica in India from Plant Retail.

Announcing the acquisition, Mr. Sanjay Lalbhai, Chairman  & Managing Director of Arvind Limited said, “This acquisition is a significant milestone as it signals our entry into the Department Store Segment and also the globally fast growing apparel specialty retail segment. American Sportswear Lifestyle Brand Nautica makes us the dominant player in the sportswear segment. With this move, we have taken a big step towards strengthening our position in the Indian fashion industry. These acquisitions will accelerate our growth and contribute to our vision of achieving sales of Rs. 5000 crores over the next 5 years.”

“We have a strong menswear portfolio, which will get further strengthened with Nautica. Debenhams & Next will substantially strengthen our position in Womenswear&Kidswear segment. We plan to achieve Rs. 500 cr revenue over next 5 years from current Rs, 70 crores by investing Rs. 150 crores in to these three brands” said J. Suresh, Managing Director & CEO, Arvind Lifestyle Brands Ltd.

Acquisition of Debenhams signals the entry of Arvind into the Bridge to Luxury Department Store segment. Arvind plans to increase the current number of Debenhams stores in India from 2 to 8 in the next 3 years. Arvind will enter into the fast growing segment of apparel specialty retail through Next. Arvind plans to increase to increase number of next stores from 3 to 12 in the next 3 years.

The spokesperson from Debenhams said, “ I’m very excited by the new chapter to be written together with Arvind, who are a very solid and experienced retail group with a fantastic reputation. I’m confident that within the next 5 years, we’ll have 8 fabulous Debenhams stores in 5 of India’s biggest cities’.

Commenting on the acquisition, spokesperson from Next said, “We are very positive about the new franchise partnership and are looking forward to Arvind Brands re-launching the next brand in India."

The licensing arrangement with Nautica will strengthen Arvind’s already strong position in high potential sportswear segment of the market. The company plans to set up additional 30 Nautica stores taking the tally to 41 free standing Nautica stores and 71 shop in shops in the next 3 years.

“We are excited to be working with Arvind Lifestyle Brands on the further development of this market.” said Maria Vicari, President of Global Licensing, Nautica Apparel Inc. “As we continue to grow our brand footprint internationally with our licensed operators around the globe, we look to Arvind with their significant expertise in brand building in India, to grow Nautica’s presence in this important emerging market.”

Arvind Lifestyle Brands Ltd is a subsidiary of Arvind Ltd which is India’s largest integrated textile player and is one of the oldest and most respected groups in the Textile Business in India. 

Arvind Lifestyle Brands


Must ReadView All

Pic: Shutterstock

Textiles | On 12th May 2021

Economic recovery under threat amid surging COVID cases: UN

While the global growth outlook has improved, led by robust rebound...

Pic: 2p2play / Shutterstock.com

Retail | On 12th May 2021

Retailers need to consider changes as US emerges from pandemic: NPD

Millions of new remote and hybrid-remote workers, kids returning to...

Pic: Shutterstock

Textiles | On 12th May 2021

Uzbekistan exported textile products worth $637.7 million in Q1 2021

Uzbekistan exported textile products worth $637.7 million to 54...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Estimate loss of $8-$10 billion in turnover

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Tech in fashion industry has hit acceleration button

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

Sandra Sequeira,

Sandra Sequeira

The JD Institute of Fashion Technology is the educational division of JD...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali
Kalaneca

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

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

Leave your Comments


May 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search