Alok news and archive

Reliance bids for Alok Ind

Reliance Industries is interested mainly in the polyester yarn business of Alok Industries. Alok faces claims to the tune of Rs 29,519 crores from financial creditors and Rs 624 crores from operational creditors. Alok is a fully integrated textile unit with four core divisions — cotton yarn, apparel fabric, home textile and polyester yarn....

Apparel

Analysts sceptical about Alok’s ambitious plans

On September 25, Alok Industries announced a rights issue of Rs 551 crores, which is likely to let the company gain through savings on interest cost. It would have had to pay if opted to raise more debt. Since the announcement, the company’s stock outperformed the Sensex, with a gain of 9.1 per cent, compared with the benchmark index’s rise of...

Fashion

Garments, textile export companies hit slump season

Owing to high cotton inventory and slump in the overseas markets due to slowdown, major textile and clothing (T&C) companies like Arvind, Alok, Raymond, Century and Gokaldas Exports have witnessed their bottomlines take a hit in varying degree for the first quarter of fiscal 2012-13 on a year-on-year basis. While Arvind suffered due to labour...

Apparel

Alok to shut 45 H&A stores

Owing to high rentals, and low consumer buying sentiment, retail business of textiles major Alok Industries has suffered a loss. The company is now planning to shut 45 out of the 137 exclusive retail outlets it operates under the H&A brand by next month. This step is being taken to improve bottomlines and focus on its core business of...

Apparel

Alok International, Kathy Hilton Home tie up

Alok International, Inc has signed a development agreement with Kathy Hilton for producing home textiles, which will include a spa bedding collection. The full range on offer will include bedding sets, duvet covers, blankets, towels and window treatments. The hi-end collection will be available in retail stores and hospitality markets worldwide....

Fashion

Alok H&A: Riding high on new launches and stores

Alok H&A, the retail brand from Alok Industries is riding high after launching a new active wear line with cricketer Bret Lee. To brand’s current product expansion plans includes launching a polo T-shirt range Falcon Club and tying up with another UK-based brand to retail in India. On the retail side, its expansion plans include having 300...

Fashion

H&A, Brett Lee tie up to launch active wear

Popular Australian cricketer Brett Lee has teamed up with Alok H&A to bring his active wear collection to India. Lee’s range includes tees, track pants, capris, shorts, bags, sippers and a whole lot of accessories. “Lee’s active wear line would be a value premium offering. We are offering BL branded active wear products at select stores in...

Apparel

Alok’s sales up 49%

Alok Industries, one of the leading integrated textile companies in India, reported net sales of Rs 1,644.89 crores for the quarter ended June 30, 2011, as compared to Rs 1,098.97 crores in the corresponding period in the last fiscal, registering a growth of 49.68 per cent. Export sales for the quarter ended June 30, 2011, stood at Rs 602.19...

Apparel

Alok’s net profit up 52%

Alok Industries has reported net sales of Rs 22.02 billion for the quarter ended March 31, 2011, as compared to Rs 14.71 billion in the corresponding period last fiscal, registering a growth of 49.74 per cent. During the quarter the company has also registered net profit of Rs 1.60 billion, grown by 67.9 per cent as compared to Rs 953.3 million...