After much speculation and dithering, Ahmedabad-based garments giant Arvind Limited recently spun off its brands and retail business in an effort to realise valuation and raise funds for aggressive expansion.
While Arvind holds 40 per cent in VF Arvind Brands, VF Corp has paid $33 million for a 60 per cent equity in the joint venture.
"Everything we consume, we have to consume responsibly," the textile minister said at Lakme Fashion Week.
Levi Strauss, which has just completed 15 years in the country is on a high, cornering 40 per cent share in the Rs 2,000-crore (Rs 20 billion) branded denim market in India.
They are used to flaunting fashionable clothes on the silver screen or the ramp. But now John Abraham, Hrithik Roshan, Milind Soman and Fardeen Khan are giving the branded apparel business a serious thought.
Arvind Brands' Arrow has been one of the earliest and well-established players in the branded men's shirt.
India's largest online retailer Flipkart on Wednesday announced the addition of two new members to its leadership positions, Vice President of Fashion (Retail) and the Vice President of HR (Supply-Chain).
EduBridge is emerging as a strong player in training unemployed youth.
Recently, there has been a mushrooming of international apparel retailers.