Arvind Fashions news and archive

Arvind Fashions to launch 300 crores rights issue

The board of directors of Arvind Fashions, has approved raising Rs 300 crores through a rights issue. This is to pare some debt of the company and meet general corporate purposes including capital expenditure and working capital requirements of the company. For the second quarter of the current fiscal Arvind had a standalone net loss of Rs 1.31...

Retail

ArvindFashions looks to diversify its portfolio

Having established itself as a marquee player in the men's wear category, branded apparel and retailing major Arvind Fashions is looking for a more diversified portfolio. It is expecting the product portfolio to shift to 50:50 between men’s wear and other segments. Three years back the ratio of men’s wear to other segments was 80:20. Already a...

Retail

Arvind to close down Unlimited stores, focus more on power brands

Arvind Fashions, which sells brands like Arrow, Nautica, Gap and US Polo, plans to focus more on the power brands to boost growth and consolidate business as consumer-focused companies struggle with slowing demand. The company plans to shut down loss-making stores of its value fashion retail brand Unlimited. Unlimited, Arvind’s value retail...

Retail

Arvind Fashion exiting loss making MNC brands

Arvind Fashions is moving out of loss-making global brands and looking to sell India licenses of Gant, Izod and Nautica. It is either scaling down or weighing to exit the US-based Ed Hardy. While the profitable US brand Arrow has been clubbed with Calvin Klein and Tommy Hilfiger, to be led by Shailesh Chaturvedi, loss-making Aeropostale has been...

Retail

Arvind to stop retailing Gant, Nautica, Aeropstale in India, return their licenses

Arvind is looking to return the licenses of Gant and American brands Nautica and Aeropostale. Licenses will be returned to their owners. Nautica has been struggling for some time on globally stage as well. Arvind has taken the decision since sales have not matched expectations. The company is shutting down exclusive stores and, till the time the...

Retail

Arrow launches first concept store in Mumbai

Arrow, the American menswear brand marketed in India by Arvind Fashions, has launched its first concept store in Mumbai. The new store, spread across 1,000 sq ft, is located at High Street Phoenix Mall and houses the complete range from Arrow’s latest collections. Arrow is planning massive expansion across the country and will add 55 EBOs during...