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GHCL shifts Dan River biz to Fabient

21 Apr '08
3 min read

Further, this move is in line with GHCL's own restructuring of Soda Ash and Home Textiles, where the Home Textiles Holding Entity of GHCL will be called Fabient.

As a first step, the Company is in the process of implementing the new look of Fabient across its Home Textile facilities in India which will be done during the course of this year.

Fabient would be focusing upon under-retailed markets of Eastern Europe and will also play a role in sourcing for GHCL's Retail Foray into India.

The Company would build upon the combination of its strong sourcing teams and existing vendor base in India, Pakistan and China along with the manufacturing competence in India / Cambodia and Mexico.

The US home textiles business of the Company is close to $275 million with majority contribution coming in from the global outsourcing which is close to $ 225 million. The Company expects this business to be in the region of $400 million-$500 million in about a year's time.

Commenting on the move Mr. Dalmia said, "Our Home Textiles business vision is to clearly focus towards Global Retail in US, UK and other under retail markets, whereby Business operations in US would start realigning toward our Direct Retail and intuitional objectives."

He added further that Rosebys sourcing which was being handled by Dan River has already been shifted to Fabient and it in talks with Global Supply Chain vendors to realign its activities toward retail.

GHCL Ltd

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