India’s Arvind launches ready-to-wear private label for men

Source: http://www.fibre2fashion.com

India textile and retail conglomerate Arvind Ltd recently launched its ready-to-wear private label for men and announced its retail expansion plans of adding 60 stores this fiscal. The group plans to retail the ‘Arvind Ready to Wear’ collection in 127 cities, at its exclusive stores and online on Amazon India and nnnow.com, said a top company official.

Its retail stores will have a mix of 80 per cent of sales in fabrics, and the collaborative brands, while the rest is expected to come from its private label, J Suresh, managing director and chief executive officer of Arvind Lifestyle Brands, told a news agency.

Arvind, which produces about 50 million garments in a year and has 150 stores at present, is planning to add 100 stores annually over the next three years, said Suresh, adding that the company looks forward to increase revenues from the textile business to Rs 1,000 crore in two years.



Categories: Brands, Business, India, Retail, Textile

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