Giant Arvind will debut in footwear
India-based textile and apparel company is looking to expand beyond its core businesses, while announcing that the launch of a new footwear brand will take place in the coming days
Sanjay Lalbhai, Chairman and Managing Director of Arvind Ltd, indicated that the footwear business will be a mix of own brands, acquired, licensed and joint ventures. Initially it is expectable that footwear items from own brands as well as Arrow, Tommy Hilfiger and Calvin Klein will be available.
The aim of the company is to bring in national and international brands under its portfolio and retail them, with a huge focus in online commerce.
According to the latest edition of the World Footwear Yearbook, India was the second largest producer of footwear in 2013, with a world share of 9.2% (corresponding to 2.065 billion pairs). The same source estimates that in 2013 India was the 8th largest exporter of footwear.
The aim of the company is to bring in national and international brands under its portfolio and retail them, with a huge focus in online commerce.
According to the latest edition of the World Footwear Yearbook, India was the second largest producer of footwear in 2013, with a world share of 9.2% (corresponding to 2.065 billion pairs). The same source estimates that in 2013 India was the 8th largest exporter of footwear.
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