Textile company, Bombay Rayon Fashions (BRFL) today said that the company has entered into terms of understanding for taking over brand ‘Guru’ and other related retail business on going concern basis, with Italian company Jam Session Holdings Srl for a total consideration of 33 mn euros (about Rs 208 cr).
The acquisition is by excercising the […]
Apparel retailer Provogue India Ltd on Friday said that it would raise Rs 314 crore through the preferential allotment of 2.85 million equity shares at a price of Rs 1,100. The money will be utilised for expansion plans such as setting up stores, bringing new brands and acquisition, said the company in a note to […]
Betting big on the $3.5 billion market for luxury goods in India, Salvatore Ferragamo, a globally recognised luxury brand, has closed in on a joint venture deal with the country’s largest realty company DLF.
“We will announce the details of the venture in the coming days,” Leonardo Ferragamo, chief executive officer, Palazzo Feroni Finanziaria SpA, the […]
Textile machinery maker Lakshmi Machine Works Ltd is facing a slowdown in order flow as mills hit by muted demand defer expansion, but expects orders to pick up in 2008/09, a senior official said on Thursday.
The company, which holds more than 60 per cent of the Indian spinning machinery market, has barely managed to replenish […]
The Rs 225-crore Royal Classic Group (RCG) is planning to take its brands abroad. The Chennai-based company, which has its own apparel stores, is planning to foray into Singapore and Dubai.
In both countries, the company will sell its menswear brand Classic Polo and premium shirts brand Swiss Club.
“We want to expand to these countries to […]
Nusli Wadia’s Bombay Dyeing is hiring some 550 workers at its Pune facility, which will focus on innovative product development as the company plans to boost its presence in retail, home textile and real estate segments.
The textile major said it is open to acquisitions in the home textile segment both at home and abroad.
Its Pune […]
