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Indian textile manufacturers were met with weak demand environment throughout fiscal year 2024, as consumers were weary of spending on discretionary items
Aditya Birla Fashion and Retail, Trent, Shoppers Stop, Arvind Lifestyle, and TCNS Clothing Company saw their revenues hitting an all-time high in the September quarter
Arvind Lifestyle Brands Ltd, a wholly-owned subsidiary of Arvind Fashions Ltd (AFL), and Gap Inc have decided to mutually terminate their franchise business relationship in India.
Low discount offers with few promotions expected to continue in festive season
Arvind Youth Brands is Arvind Fashions' recently formed subsidiary which will own the Flying Machine brand
Company hopes tie-up with Flipkart and Myntra will boost online share of total sales to 15%, from just 3% share that its own portal commands
The now independent company will cover white spaces and leverage a wide offline network to chart its own course
According to a fresh ruling, Arvind Lifestyle failed to comply with the directions issued by Sebi through the March 2016 order
The company gains from a segmented approach towards the slew of brands in its armoury