BENGALURU: Arvind Fashions is taking a look to go back the licences of 3 international manufacturers from its portfolio to the brand homeowners, as gross sales of the ones have no longer matched expectations, folks aware of the matter stated.
The 3 include Swedish emblem Gant and US manufacturers Nautica and Aeropostale, all of which have been in Arvind’s portfolio for the past few years. The company is already in talks to close down the exclusive retail outlets and, till the time the licence expires, the manufacturers is also to be had exclusively on Flipkart, the folk added.
Arvind has 28 global manufacturers to be had across 1,300 retail outlets. The company declined to comment at the matter except to mention
that it regularly assesses its portfolio and it specializes in manufacturers that create long-term worth. Flipkart declined to comment.
The sources stated talks between Arvind and Flipkart were initiated earlier this yr and the matter is expected to be finalised in the following couple of months. In an investor presentation closing month, Arvind had outlined 3 segments the place it believes it has the energy to be the leader. These are top class innerwear emblem US Polo Assn, top class kidswear emblem Gap and top class good looks emblem Sephora.
Nautica has been struggling for some time at the global stage as neatly. Both Nautica and Aeropostale are owned by New York-based Authentic Brands Group. Arvind does no longer supply earnings for individual manufacturers but Sumit Dhingra, senior VP and CEO of Arrow, Izod and Aeropostale in India stated closing yr Aeropostale’s earnings in FY18 was once Rs 100 crore.
The 3 include Swedish emblem Gant and US manufacturers Nautica and Aeropostale, all of which have been in Arvind’s portfolio for the past few years. The company is already in talks to close down the exclusive retail outlets and, till the time the licence expires, the manufacturers is also to be had exclusively on Flipkart, the folk added.
Arvind has 28 global manufacturers to be had across 1,300 retail outlets. The company declined to comment at the matter except to mention
that it regularly assesses its portfolio and it specializes in manufacturers that create long-term worth. Flipkart declined to comment.
The sources stated talks between Arvind and Flipkart were initiated earlier this yr and the matter is expected to be finalised in the following couple of months. In an investor presentation closing month, Arvind had outlined 3 segments the place it believes it has the energy to be the leader. These are top class innerwear emblem US Polo Assn, top class kidswear emblem Gap and top class good looks emblem Sephora.
Nautica has been struggling for some time at the global stage as neatly. Both Nautica and Aeropostale are owned by New York-based Authentic Brands Group. Arvind does no longer supply earnings for individual manufacturers but Sumit Dhingra, senior VP and CEO of Arrow, Izod and Aeropostale in India stated closing yr Aeropostale’s earnings in FY18 was once Rs 100 crore.
Arvind fashion unit may drop Aeropostale, Gant, Nautica
![Arvind fashion unit may drop Aeropostale, Gant, Nautica]()
Reviewed by Kailash
on
March 27, 2019
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