Arvind acquires Indian business of 3 global brands from Planet Retail

摘要

Arvind Lifestyle Brands, a subsidiary of Arvind, one of the oldest and largest integrated Indian textile players, has bought the business operations of British fashion retailers Debenhams, Next and American Lifestyle brand Nautica in India from Planet Retail. Addressing a press conference, Sanjay Lalbhai, Chairman and Managing Director, Arvind, said, "we want to change the DNA of Arvind from being synonymous with denim and by doing so, we will increase shareholder value.