Spykar Lifestyle news and archive

Spykar on a retail expansion spree

Domestic denim brand Spykar Lifestyle has undertaken a retail expansion plan that includes at least 400 store openings by 2020. The company is also chasing a revenue target of Rs 1,400 crores from Rs 180 crores reported in 2014-15. After non-resident Indian businessman Apurv Bagri acquired a controlling stake in the company, Spykar has been...

Retail

Retail industry pins hopes on the festive season

As the festive season begins in West Bengal with Durga Puja , offline as well as online retailers are looking forward to an improved consumer sentiment. The retailers are anticipating sales to grow by 30-40 percent compared to the last year. Consumers usually loosen their purse strings around the festivals to splurge on gifts and other big...

Apparel

Korean retail major E-Land eyes Spykar acquisition

South Korean retail major E-Land Group and private equity firm India Value Fund (IVF) are said to have signed non-binding agreements to acquire controlling stake in home-grown denim brand Spykar Lifestyle. Earlier it was reported that Spencer’s Retail, Flagship Company of RP-Sanjiv Goenka Group had joined the race to acquire the biggest domestic...

Apparel

Spencer’s eyes Avigo’s stake in Spykar

Spykar Lifestyle seems to be up for grabs and Spencer’s Retail, the flagship company of RP-Sanjiv Goenka Group has joined the race to acquire the biggest domestic denim maker. Spencer’s is said to be in early stages of discussions with Avigo Capital, a private equity (PE) major that holds 60 per cent stake in Spykar. The PE fund manager has...