AVB to split Madura Garments
Jan '07
AV Birla Group (AVB) will launch MG Lifestyle Brands & Retail Business that will deal with brands like Louis Philippe, Allen Solly, Van Heusen, SF Jeans and Esprit.
The new entity will also operate retail chains such as Planet Fashion and Trouser Town.
The other company will be MG Popular Brands & Retail Business which will operate medium priced categories like Peter England. Both these companies will be internal division of AV Birla Nuvo.
This move is considered as strategy for growth in next five to ten years and to focus on brand building.
In financial year 2007, Madura Garment is to generate revenue of about Rs600 to Rs650 crore and has grown at the rate of 20 percent in recent years.
Experts believe that in future Peter England could play a vital role in AVB's hyper market retail venture.
Must ReadView All
Textiles | On 25th Feb 2020
US surpasses China as India's biggest trading partner
The United States has surpassed China to become India's top trading...
Textiles | On 25th Feb 2020
COVID-19 puts break on India’s raw material import
Novel coronavirus (n-CoV or COVID-19) epidemic has taken more than...
Textiles | On 25th Feb 2020
Coronavirus may shift buyers to Turkey, fuel cotton growth
The coronavirus outbreak will cause a possible shrinking of China's...
Interviews View All
Nuno Venda
ROQ
‘There has been an increase in demand for water based inks, rather than...
Cindy McNaull
Cordura
We have broad range of options in durable fabrics
Ghanshyam Ghoghari
Kimora Fashion
Bridalwear is not about reds and whites anymore
Himalaya Cotton Yarn Ltd manufactures high quality denier. The spinning...
Luckytex is an integrated textile manufacturing company founded by...
Italy-based Cibitex is a manufacturer of textile finishing machinery,...
Eamonn Tighe
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
Chunyi Zhi
City University of Hong Kong
<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...
Justin Chan & Shyam Gollakota
University of Washington
A fabric that can store data without any electronics or batteries has been ...
Aditi Somani
Aditi Somani
Aditi Somani specialises in luxury fusion wear with international cuts and ...
Karan Arora
Karan Arora
Bridal couture created with rich Indian heritage, exquisite craftsmanship...
Mike Hoffman
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
