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Apparel

Tommy Hilfiger buys out Arvind Murjani Brands

American fashion retailer PVH Group, which owns Tommy Hilfiger brand, has purchased Murjani Group’s 50 per cent stake in Arvind Murjani Brands (AMB)for an undisclosed sum, a move that could bring many THG brands into India. Sources say the American company has paid around Rs 400 crores. Incidentally, Tommy Hilfiger has a sales worth around Rs...

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