21
Tue, Aug

Nuggets on Arvind Mills

India
Typography

Arvind Mills manages 15 global brands, has registered 22 global patents for environmental solutions and has reached out to over 80,000 acres of farmland under organic and BCI cultivation, according to its Sustainability Report, 2014-16.

Company has a market capitalisation of $1.3 billion and 85...


Arvind Mills manages 15 global brands, has registered 22 global patents for environmental solutions and has reached out to over 80,000 acres of farmland under organic and BCI cultivation, according to its Sustainability Report, 2014-16.

Company has a market capitalisation of $1.3 billion and 85 years of business experience. The Group’s business interests range from textiles, retail, advanced materials to environmental solutions and real estate.

The Group began as a spinning and weaving unit in 1931. In the 1980s, when several large composite mills in India were in crisis due to the introduction of power looms, Arvind adopted the ‘Reno vision’ business strategy, focusing on international markets and high quality premium fabrics. Within a decade, it claimed to be among the top three denim producers in the world.

In 2014, Arvind Mills bought 49 per cent stake in Calvin Klein in India, and set up a joint venture (JV) with Goodhill Corporation of Japan for launch of formal suits.

In 2015, Arvind Lifestyle Brands partnered with Gap and US apparel brand Aeropostale for their entry into India. It also launched the Arvind Composite Business, and The Children’s Place, a kids’ fashion retail format in India.

In 2016, the company ventured into the footwear market, launched ‘True Blue’, co-branded with cricket legend Sachin Tendulkar. It also signed a deal to manage the Indian operations of cosmetics and beauty retailer, Sephora.

In 2016, it started operations in Ethiopia.


Read full article on Hindu Business Line CleanTech



Sign up via our free email subscription service to receive notifications when new information is available.