Catmoss news and archive

SAIF Partners accuses Catmoss of fudging funds

Promoters of kids’ wear brand Catmoss are now being accused by the private equity investor SAIF Partners for fudging funds. The investor has approached the Delhi High Court to restrain Catmoss from activities such as: selling company assets and destroying its finance books. This is the second instance in kids’ wear segment of PE investors...

Apparel

Catmoss Saga: Sidbi files winding-up petition

Kids’ wear maker Catmoss Retail, which is already facing audit investigations on the demand of its private equity investor SAIF Partners, has now been slapped with a winding up petition by one of its lenders Small Industries Development Bank of India (Sidbi). It has filed a winding up petition in the Delhi High Court against Catmoss and accused...

Apparel

Catmoss under KPMG audit

Accounting major and auditor of Catmoss, KPMG is conducting a forensic audit of Catmoss on the request of its private equity investor SAIF Partners, amid suspicions of financial irregularities and following allegations of financial mismanagement. The kidswear company becomes the latest retailer to evoke the ire of investors. Catmoss is alleged...

Apparel

Kids’ wear market to touch Rs 3,800 cr

Smart well dressed children are how parents want their kids to be today. And the upwardly mobile parent is willing to pay that extra to ensure their child is well turned out. This is being reflected in the growth of children’s apparel industry which is being estimated at Rs 26,300 crores, with 15.4 per cent share of the total apparel market....

Apparel

Catmoss to venture into footwear

Catmoss the well known kid’s brand will start selling footwear and accessories through its exclusive apparel stores in a couple of months. The company expects the two new categories to contribute 8 to 10 per cent to its revenues from next fiscal. The footwear and accessories will be sourced locally. Catmoss caters to children up to 14....