Business
Lux Group looks to merger and consolidation
The Lux Group may merge two of its firms, Ebell Fashions and JM Hosiery. JM Hosiery owns the brand Gen X while Ebell Fashions owns the women’s leggings brand Lyra. Both brands worth Rs 350 crores. Lux Industries owns 16 brands including the Rs 650 crores brand Lux Cozi. Cotswool and ONN collectively generate about Rs 300 crores. The company is...
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