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Crocs appoints Sumit Dhingra as new GM for India

Global casual footwear brand Crocs Inc has announced appointment of Sumit Dhingra as the new General Manager for India, Sri Lanka and Nepal. In his new role, Dhingra, who has 15 years of experience across apparel and fashion retail, will...

Arvind Fashions set to become independent of parent company Arvind Ltd

Arvind Limited, India's largest textile and branded apparel player, announced its decision today to demerge its branded apparel and engineering businesses from the parent company. The branded apparel business will be demerged into the entity Arvind Fashion Limited. At 25 percent CAGR,...

Global brands drive India’s active sportswear market to over Rs 6,000 cr

If there is one market segment that is clearly marked by the dominion of global brands in India – it’s active sportswear. From a segment driven by a collection of largely unorganized and homegrown SMEs two decades ago, today...

Arvind announces proposal to demerge brands and retail business

The board of directors of Arvind Ltd have announced plans for demerger of its branded apparel business and the retail business (under the Megamart banner) into wholly owned subsidiaries with effect from April 1, 2009. The demergers will be done...

Phillips-Van Heusen inks pact with Arvind Brands

Phillips-Van Heusen Corp. (PVH Corp.) has signed an exclusive license agreement with Arvind Brands for its sportswear brand IZOD. According to the multi-year agreement, Arvind Brands will design, distribute and retail the American brand in India. “With this partnership, Arvind...
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Digital payment via UPI spikes on person-to-merchant transaction growth: Report

The number of UPI transactions in January 2018 was 151 million, and it reached 9.3 billion in June 2023,...
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