Lilliput Kidswear news and archive

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...

Fashion

PE backed apparel retailers/brands struggle to remain afloat

While on one hand the government is pondering over how to increase foreign investment in India’s retail sector, leading apparel companies are suffering from growing debt pressures and differences with their investors. After Lilliput Kidswear announced its plans to sell off the company after a fall-out with PE investors TPG and Bain Capital, the...

Apparel

SS Kothari Mehta & Co withdraw from Lilliput audit

After news of Lilliput Kidswear promoter Sanjeev Narula planning to sell off the debt ridden chain came in, the Delhi High Court-appointed auditor, SS Kothari Mehta & Co’s withdrew from carrying out audit citing non-cooperation from the company as a major reason. This is expected have a major impact on sale negotiations initiated by all...

Fashion

Lilliput riding high on pester power, Bollywood

Lilliput one of the best-known kids wear brand in India is riding high despite the recent economic slowdown. The company which recorded 40 per cent year-on-year growth this year is expecting to close the fiscal at Rs 410 crores and aiming for a turnover of Rs 1,050 crores by 2012-13. The brand that entered the domestic retail space with the...