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Arvind to expand retail operations

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Arvind Mills, one of India’s leading textile manufacturers and owner of various apparel brands, has planned to invest around Rs 400 crore to expand its retail presence.

“The new business environment presents new opportunities. We have looked at each business individually and adopted a strategy that best suits them respectively,” Sanjay Lalbhai, CMD, Arvind Mills, said in a statement.

Arvind Mills expects a 40 per cent compound annual growth rate (CAGR) in the brands business, driven by revenues from its new brands that include US Polo, Izod and Hartmarx group of brands, along with a 40 per cent growth in its joint venture.

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