Arvind Brands scouting for 'captain model' retailers
17 Apr '06
3 min read
Meanwhile, the Lalbhai group company has decided to bring in more brands from VF Corp and these include brands such as Nautica (a sportswear brand), Kipling (a men's brand) and Jansport (back pack brand). Besides, it has also recently brought in the super premium lifestyle apparel brand - Gant - and launched its first showroom in Mumbai.
In spite of attracting steep import duties at nearly 60 per cent, the company has been able to absorb costs in the form of lower rentals and retailing costs compared to its counterparts in the rest of the world.
As Mr Mehta says, "We have been able to absorb the import costs since the cost of retailing is almost half of what it is in other countries."
With eight international and four domestic brands in its portfolio, the Rs 430-crore Arvind Brands expects to grow at 30 per cent this fiscal.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
