Madura Garments news and archive

Pantaloons to foray women’s footwear and handbag categories

Pantaloons Fashion, now a part of Aditya Birla Fashion & Retail and Madura Fashion and Lifestyle, plans to venture into women’s footwear and handbag categories, while opening stores in new cities. The company also aims to continue its focus on its core category of ethnic and western women’s as well as kids’ wear. Madura Garments, which...

Fashion

Erratic consumer behaviour makes retailers cautious

Indian organised retail is constantly in a state of dilemma, with consumers changing their buying behaviour like a chameleon. From apparel, accessories, electronics to consumer durables, retailers across categories are unable to gauge consumer behaviour and have taken a cautious approach when it comes to stocking fresh inventories. After the...

Fashion

Industry divided over Budget boost for skill development

The Union Budget 2013-’14 has cheered the textile and apparel industry. Announcing a slew of incentives Finance Minister P C Chidambaram’s biggest move was the exemption of excise duty on readymade garments, a bug bear for a long time. The industry has welcomed this move whole heartedly and it has put a smile back on the faces of brands and...

Fashion

Indian menswear brands ready for global competition

The menswear market in India is the fastest growing segment. According to market analysis company Datamonitor it is expected to grow by 40.6 percent to $13.8 billion (over Rs 76,000 crores) in 2012. The ‘India Menswear Market Analysis 2010-2014’ by Venn Research found that total revenue from menswear was $11.8 billion (over Rs 65,000 crores) in...

Fashion

Garment industry beckon equity firms

India is high on PE investors’ radar. No wonder, large global PE investors have either set up India-dedicated funds or increased allocations for Indian investments in their portfolios. And going with the trend, PE investments seem to be the flavor of the season among niche mid-cap apparel retailers/brands that are scouting for funds to scale up...

Fashion

Indian fashion retail poised for big times

With organized retail developing rapidly in India, the fashion apparel industry is booming with international and domestic brands making their presence felt not only in the metros but also smaller towns. With a dominant presence in malls, markets, stand-alone stores and other retail outlets, the apparel and textiles industry is one of the...

Fashion

The Collective attracting customers with top brands

The Collective, an international multi brand lifestyle retail concept and a business arm of Madura Garments Lifestyle Retail, is currently on a mission to bring together the best of global fashion brands and international trends to be on par with other international retailers like Lane Crawford, Harvey Nichols and Barneys. They also plan on...

Apparel

Madura to expand The Collective

Madura Garments Lifestyle Retail will set up its high-end luxury stores, The Collective, in three new cities next year besides expanding in the existing locations. Madura Lifestyle, promoted by the Aditya Birla Group, currently operates two such stores. With a store each in Mumbai and Bangalore under ‘The Collective’ banner it sells high-end...

Apparel

Ram Iyer to head The Collective

The Collective has appointed Ram Iyer as the Chief Executive Officer. He replaces George Santacroce, who will remain involved with The Collective as an advisor focusing primarily on future growth and seasonal strategy to support the team as required. Iyer will continue to drive and build the business with a strong team of senior executives that...

Apparel

Bespoke experience from Madura

In a bid to woo customers Madura Garments is now offering bespoke experience.Customers are guaranteed extremely personalized service at their brand stores. A customer walking into an Allen Solly store will see a sign stating ‘Two days, three nights is all it takes to get the product of your size delivered home’. The promise is to source an item...

Apparel

Madura’s Rs 2 bn expansion plans

Voted continuously as India’s ‘Most Admired Apparel Company’, Madura Garments is poised for the expansion of its production facilities. It plans to double capacity in the next four years at an incremental investment of Rs 2 billion. This was announced by Kumar Mangalam Birla, chairman of the Aditya Birla Group. Madura Garments is a division of...

Apparel

Aditya Birla to invest in Karnataka

The Aditya Birla group has big investment plans for Karnataka. It plans to expand its retail chain in the state. The 123 supermarkets and the two hypermarkets will be scaled up to 172 supermarkets and 10 ypermarkets at an investment of Rs 5.25 billion. Madura Garments, the apparel division of Aditya Birla Nuvo, has continuously been voted India’...