Lilliput Kids news and archive

Apparel

Commerce Dept intervenes in Lilliput, Bangladesh vendors’ issue

In an unusual case of intervention by the Indian government on business concerning two private parties, the Commerce Department has now stepped in to put pressure on cash-strapped Lilliput Kidswear for payment of an alleged 4 million dollars (Rs 21 crores) it owes to Bangladesh vendors. The company hopes to clear the payments soon but has said...

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Apparel

L Capital in race to acquire Lilliput Kids

Debt ridden Lilliput, the largest kids’ wear chain in India is up for sale and according to sources, L Capital, the private equity (PE) arm of LVMH, the world’s largest luxury goods group is racing to acquire Lilliput’s retail assets, brand and liabilities. Recently, Lilliput founder Sanjeev Narula and estranged PE investors Bain Capital and TPG...

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Apparel

SS Kothari Mehta to audit Lilliput accounts

The Delhi High Court has appointed SS Kothari to independently audit and investigate Lilliput Kidswear accounts. PE investors Bain Capital and TPG had demanded a forensic investigation of Lilliput books but the court dismissed the plea. The court has also asked both Lilliput and PE investors to provide point of references to help S S Kothari...

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Apparel

Lilliput controvers​y under ministeria​l investigat​ion

After issues between Lilliput founder Sanjeev Narula and PE investors came to light, the ministry of corporate affairs is looking into the role of Ernst and Young (E&Y) and its member firms to see whether there was a case of conflict of interest. S R Batliboi & Co, an E&Y member firm was Lilliput’s external auditor till last month. The Batliboi...

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