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Retail biggies opt for PE investments to seize market share
09 Apr '08
3 min read
Mr Sahani further added that in the years to come, retail segment of the garment sector will see maximum growth ensuring that consumer get the value for their money.
Similarly, Kewal Kiran Clothing one of the oldest giants in garment industry, also reaches out to about 60-70 cities through its 100 established outlets.
Mr Vikrant Gandhi, Chief Financial Officer of the Kewal Kiran informed that, high returns and lower risk perceived in emerging markets are some of the major reasons for attracting such enormous private equity investments in the garment retail business.
Giving his view about the future of textile industry, Mr Vikrant opined, “Garment retail in India especially the branded ones are poised for a good growth in the coming years. The players having large domestic presence will reap benefit of high consumerism in the country and the deep pockets of the customers.”
Arvind and Pantaloon are also some of the big players in the business and are seen heading towards the same path aiming to expand its retail outlets for grappling the largest share of the available garment market.
Similarly, Kewal Kiran Clothing one of the oldest giants in garment industry, also reaches out to about 60-70 cities through its 100 established outlets.
Mr Vikrant Gandhi, Chief Financial Officer of the Kewal Kiran informed that, high returns and lower risk perceived in emerging markets are some of the major reasons for attracting such enormous private equity investments in the garment retail business.
Giving his view about the future of textile industry, Mr Vikrant opined, “Garment retail in India especially the branded ones are poised for a good growth in the coming years. The players having large domestic presence will reap benefit of high consumerism in the country and the deep pockets of the customers.”
Arvind and Pantaloon are also some of the big players in the business and are seen heading towards the same path aiming to expand its retail outlets for grappling the largest share of the available garment market.
Fibre2fashion News Desk - India
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