Koutons Retail news and archive

Koutons to acquire foreign company

Koutons Retail is looking at acquiring a foreign company, a BSE filing by the company has indicated. Its board is expected to consider the acquisition at its meet soon. Koutons plans to spend up to 200 million dollars (over Rs 1,000 crores) on the acquisition. The shareholders of the company have also approved raising 200 million dollars via...

Apparel

NSE to suspend trading in Koutons scrips

Shares of Koutons Retail plunged 15 per cent to an all-time low on after the National Stock Exchange (NSE) said it would suspend trading in the apparel retailer’s stock due to non-compliance with the listing agreement. Koutons lost 15.6 per cent, or Rs 1.9, to close at Rs 10.3 on the NSE. The Delhi-based company’s stock was the top loser on NSE,...

Apparel

IFCI takesover Kouton chief’s Haveli Hospitality

After defaulting on payments to IFCI, the finance company has taken over a motel complex – Haveli Hospitality on the Delhi-Chandigarh highway that founder-chairman DPS Kohli had mortgaged as collateral while raising working capital for Koutons. IFCI’s associate firm Hardicon is now running the complex. Located at Karnal, Haveli is popular among...

Apparel

Allen Cooper, Rosebys face slowdown blues

Many companies faced difficult times during the last economic slowdown and the post-slowdown woes still continue to affect businesses. Earlier this year, GHCL Group’s home furnishing chain Rosebys closed its operations and is currently facing lawsuits from vendors and landlords. And now, Ess Aay Fashion India, which operates the Allen...

Apparel

Koutons Retail shuts Charlie Outlaw outlets

As a part of its restructuring process, apparel manufacturer and retailer Koutons Retail has shut 150 more shops, mostly of its casual menswear brand Charlie Outlaw. The Delhi-based company, reeling under Rs 600-crores debt that carries an average interest cost of 14 per cent, is trying hard to meet with the conditions of the corporate...

Apparel

Koutons debt restructuring on the anvil

Debt ridden Koutons Retails will finally heave a sigh of relief with its debt restructuring plan being finalised. The lenders are supposed to meet soon for the final approval. The apparel company’s total debt is Rs 660 crores, out of which the long term debt of Rs 500 crores will be payable over a period of 10 years including a two year...

Fashion

Deep discount brands bear excise brunt

Ever since a 10 per cent excise duty was imposed on branded garments, brands that offer year-long deep discounts have been facing tough times. In fact, it is they who have been hit the hardest by the new tax regime. Experts say that the 10 per cent excise duty has hampered summer sales and winter bookings are also slow. And apparel retailers...

Apparel

Koutons Retail to be redeemed of debt

Following in the footsteps of Vishal Retail, Koutons Retail, the well known Indian apparel maker and retailer that recently proposed to recast its debt and the proposal has been admitted by the corporate debt restructuring (CDR) cell. SBI Capital Markets has been given the mandate to draft the recast scheme. The company has nearly Rs 660 crores...

Apparel

Ascent exits Koutons Retail at a loss

Ascent Capital has exited Koutons Retail at a loss and considers the investment a write-off. Ascent Capital invested about Rs 54.6 crores in Koutons through two rounds in 2006, a year ahead of the company going public. The PE firm held an 8.3 per cent stake. Koutons, established in 1991, sells clothing for men, women and children through more...

Fashion

Extended discounts: The new mantra of retail brands

Discounts and sales seem to be the new tool of retail brands for right pricing their products and increasing sales. They seem to have understood the tough way that the price conscious Indian consumer will go where the value is. This means, those who decide against taking a direct correction by bringing down prices to realistic levels, have to do...

Fashion

Mix and Match is Koutons Retails’ spring/summer Theme

A pioneer in providing fashionable wear at affordable prices, Koutons Retail, is launching its spring/summer collection. Using comfortable and soothing fabrics such as cottons and viscose, the summer collection of Koutons Men, Les Femme and Koutons Junior will offer a wide range of formal and casual wear. As Balvinder Singh Ahluwalia, President,...

Apparel

Koutons Retail looks beyond India

Koutons Retail India plans to open around 200 stores in FY11 in addition to its existing 1,400 stores spread all over India. The company is also considering opening stores in the Middle East and South East Asia in the next fiscal. According to Koutons General Manager (Sales and Marketing) Akash Deep Sandhu, the company is focusing more on their...