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Restructuring in the offing at GHCL Home Textile & Retail biz
25 Mar '08
3 min read
He added further that given the length and breath of its presence in the UK and the brands company services within its retail outfits (from Well known established UK brands to global brands like Disney etc), the Retail entity should offer a value unlocking proposition for its shareholders.
The company at present is in the final stages of launching its retail in Indian market through the Rosebys brand. The company is set to launch its exclusive range of home textiles retail chain stores in the country. Effective launch of the product range is expected to roll out in early next quarter.
GHCL is the First vertically integrated player in the world in the arena of Home Textiles, from Fiber to Fashion with a set up that houses Retail capabilities backed by a Global Sourcing & Design of this scale.
The Home Textiles entity is set to become one of the strongest sourcing Power Houses in the world backed by its global network of vendors along with the sourcing teams.
Company's Global Sourcing Organisation would result in significant cost reduction in terms of manpower as well as logistics.
GHCL had acquired three companies in the USA apart from the largest Home Textiles Retail chain of the UK with more than 300 stores across UK operating under the brand name of Rosebys.
The US acquisitions included Dan River, HW Baker & Best Textiles primarily catering to B2B segment. With a wide structure available under its umbrella, GHCL has been able to create efficiencies in Global Sourcing with its presence in 3 continents, and 6 sourcing hubs of the world (India, China, Pakistan, Cambodia, Turkey & Mexico).
The company has created strong Global Design Capabilities with centers in USA, EU and India and has over 40 designers worldwide in its fold along with relationships in Lifestyle licensing.
The company at present is in the final stages of launching its retail in Indian market through the Rosebys brand. The company is set to launch its exclusive range of home textiles retail chain stores in the country. Effective launch of the product range is expected to roll out in early next quarter.
GHCL is the First vertically integrated player in the world in the arena of Home Textiles, from Fiber to Fashion with a set up that houses Retail capabilities backed by a Global Sourcing & Design of this scale.
The Home Textiles entity is set to become one of the strongest sourcing Power Houses in the world backed by its global network of vendors along with the sourcing teams.
Company's Global Sourcing Organisation would result in significant cost reduction in terms of manpower as well as logistics.
GHCL had acquired three companies in the USA apart from the largest Home Textiles Retail chain of the UK with more than 300 stores across UK operating under the brand name of Rosebys.
The US acquisitions included Dan River, HW Baker & Best Textiles primarily catering to B2B segment. With a wide structure available under its umbrella, GHCL has been able to create efficiencies in Global Sourcing with its presence in 3 continents, and 6 sourcing hubs of the world (India, China, Pakistan, Cambodia, Turkey & Mexico).
The company has created strong Global Design Capabilities with centers in USA, EU and India and has over 40 designers worldwide in its fold along with relationships in Lifestyle licensing.
GHCL Limited
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