Retail News Newsletter Columns Retail Jobs Dictionary Directory Calendar Policies Retail Edge Footprint

Home PageContact Us

Arvind demerges apparel and retail
Posted On: 29-11-2008 08:10:15 AM

Arvind Ltd has announced a demerger of its branded apparel business and the retail business (under the MegaMart banner) into wholly owned subsidiaries with effect from April 1, 2009. The branded apparel business which markets apparels and accessories under the brands Arrow, Flying Machine, Newport, Excalibur and yet to be launched brands like Izod, USPA, Pierre Cardin, Sansabelt, Hart Schnaffner Marx will be demerged into Arvind Lifestyle Brands. Retail business under the MegaMart banner operating about 150 stores across the country along with the license for world's largest value brand Cherokee will be demerged into Arvind Retail. The purpose of the demerger is to bring financial focus on these entities and look at possible alternatives for fund raising in these vehicles at an appropriate time in the future.

 
 
 

SocialTwist Tell-a-Friend

 

Want more stories delivered to your inbox?
Please sign up here for our free newsletter.

 
retail india Related News retail industry india
retail news videos on retail industries
Government considers proposal to free up retail FDI policy - but only for India-made goods
Saks Fifth Avenue planning India stores, in talks with Aditya Birla Fashion
Arvind in talks to acquire Freecultr?
QSR chains lean on travel retail to overcome slowing same-store sales
Arvind Limited shuts 30 Megamart outlets
retail stores
retail policies
retail suppliers retail classes retail news
retail policies retail news retail india
retail training Current Newsletter retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training (FY 2015 - 16) 3rd Quarter Results retail industry
retail suppliers retail industry growth retail slowdown
retail policies retail news retail india
retail training Search News retail industry
retail suppliers retail industry growth retail slowdown
latest retail news in your mail

retail industry



 
retail news
About Retail Angle   |  The Team  |  User Agreement   |  Privacy Policy  |  Advertise with Us  |  Feedback  |  Site Map  |  Contact us 
retail industry

indian retail