Arvind Fashions

How Arvind Fashions is gearing up to raise Rs 200 crore

Arvind Fashions on Thursday said its committee of directors has approved raising around Rs 200 crore through a rights issue. "The committee of directors of the company has approved the issue of 1,48,02,856 partly paid-up equity shares of face value of Rs 4...

Shailesh Chaturvedi appointed MD and CEO of Arvind Fashions

The Board of Directors of Arvind Fashions has appointed Shailesh Chaturvedi as the Managing Director & CEO of the company with effect from February 1, 2021. He has been appointed for a period of five years, the company said in...

Arvind Fashions Q1 net loss widens to Rs 213.13 cr

Arvind Fashions Ltd on Wednesday reported a consolidated net loss of Rs 213.13 crore for the first quarter ended June 30, 2020, impacted by the COVID-19 pandemic. According to a PTI report: The company had posted a net loss of...

Arvind Lifestyle Brands receives Rs 260 crore from Flipkart for minority stake in group firm

Arvind Fashions (AFL) on Tuesday said its subsidiary Arvind Lifestyle Brands has received Rs 260 crore from Flipkart India to pick a minority stake in another group firm Arvind Youth Brands. Arvind Youth Brands is Arvind Fashions' recently-formed subsidiary...

Arvind Fashions Q2 net loss at Rs 45.35 crore

Arvind Fashions Ltd on Wednesday reported a consolidated net loss of Rs 45.35 crore in the second quarter ended September 30. The company had posted a consolidated net profit of Rs 7.08 crore in the corresponding period of the...

Large format value fashion retailer Unlimited to open 30-40 stores in 2019

Unlimited, a large format value fashion retailer by Arvind Fashions, is looking to open 30-40 stores this fiscal. According to Shekhar C S, CEO, Unlimited, the brand has a lot of catching up in terms of opening the stores, since they...

Arvind gets NCLT’s approval for demerger of branded apparel, engineering biz

Textiles major Arvind Friday said it has received nod from the National Company Law Tribunal (NCLT) for its scheme of demerger of its branded apparel and engineering businesses into separate entities. According to the company, it expects demerger of...

Technology: The great differentiator in retail industry

The retail industry is competitive, it’s relentless and the success of brands and retailers depends on how firmly they deal with their competition. One way to stay ahead of the curve is the incorporation of technology in a brand’s...

Arvind Ltd aims Rs 10,000 crore business from textiles in 4-5 years

Ahmedabad-based Arvind Ltd expects Rs 10,000 crore business from its textiles business in the next four to five years, a top company official said. According to a PTI report: Besides, in the next three to five years, the company intends...
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