|
|
|
|
|
13th Rajabul Murajab 1436 | Sunday, May 03, 2015
Business

Arvind buys Calvin Klein licence for Rs 180 crore

Tuesday, 25 March 2014
Comments(0)
Mumbai, March 25:

Arvind Brands has bagged rights to market Calvin Klein products in the country by buying 49 per cent stake in Premium Garments Wholesale Trading, a licensee for the PVH Corp’s premium fashion brand in India, for Rs 180 crore.

Arvind already markets three main PVH brands namely Arrow, Tommy Hilfiger and Izod in the country.

CK, which is owned by Phillips-Van Heusen Corporation (PVH Corp) has been running a 51:49 joint venture in the country with the Murjani family under a trading company named Premium Garments Wholesale Trading, in which US-based private equity fund Matrix Patners also held some stake.Arvind would now also market Calvin Klein branded jeans, accessories as well as CK-labelled underwear and lounge wear.

Arvind Brands MD and chief executive J Suresh said that the deal was closed for a consideration of Rs 180 crore.

He said that for the time being the joint venture would continue to be called Premium Garments, which was the licensee of Calvin Klein’s trademarks in the country.PTI

Latest News

Six-year-old girl raped by high school boys

A 6-year-old girl was allegedly raped by two high school boys at Bannerghatta near here, police said ...

Eight Assam Rifles men killed in Nagaland militant attack

Eight Assam Rifles personnel were killed and four others injured when militants triggered a powerful ...

7-yr-old girl battles for life after rape ...

A seven-year-old girl is battling for her life in a local hospital after she was allegedly raped by a youth who abducted her from near her h ...

Related News

Inflation to range at 3.7 percent in 2015-...

Inflation is likely to average 3.7 percent in the current fiscal, which is higher than the 2 percent recorded in the last fiscal, a Dun & Br ...

Competition panel to analyse multi-sided high-tech markets

India's fair trade watchdog will now undertake intense analysis of multi-sided high-technology mark ...

TVS Motor logs 14 percent sales growth in April

Two- and three-wheeler maker TVS Motor Company Ltd on Saturday said it has logged 14 percent sales ...

Post new comment

To combat spam, please enter the code in the image.

Rs. 26860 (Per 10g)

Opinion Poll
Do you think the relief pouring in for Nepal earthquake victims, is sufficient?
YesNoCan't say

Matrimony | Photos | Videos | Search | Polls | Archives | Advertise | Letters

© The Siasat Daily, 2012. All rights reserved.
Jawaharlal Nehru Road, Abids, Hyderabad - 500001, Telangana, India
Tel: +91-40-24744180, Fax: +91-40-24603188
contact@siasat.com