As part of the arrangement, products from Timberland's portfolio will be available through various premium department stores across the country, besides its own outlets. "With rapidly-growing fashion and retail sectors, we believe India will become a key market for us," Timberland president and chief executive officer Jeff Swartz said in a statement.
Walmart told Reuters on Friday that Liz Apparels in Gazipur, near the capital Dhaka, had previously made clothing for its stores but was now on its "red" list of unapproved suppliers after a safety audit in early May found the cracks.
Its tie-ups so far have been with international brands, either through licensing agreements or joint ventures, to get them into India.
Reliance Brands, a group company of Reliance Industries, began operations two years earlier to launch premium-to-luxury domestic and international brands and also set up retail stores for them.
After the Bt Cotton boom in Gujarat, it is the turn of organic cotton now. Keeping pace with the global trends, certain areas in Gujarat are going for organic cotton.
Timex Corp, the biggest selling watchmaker in the United States, said on Thursday it planned to increase its outsourcing of watches and parts from its Indian unit but did not say by how much.\n\n\n\n
No financial details were disclosed.
Companies like Ace Turtle are helping brands enable omni-channel retail, bridging the offline and online gap. Abhishek Jejani reports.
India'sstartups have a good beginning but will they survive competition is a big questions which needs immediate attention.
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