INDIA: S Kumars to acquire UK-based fashion firm

NEW DELHI: Textile firm S Kumars is in advanced stage of negotiations to acquire a UK-based fashion firm controlled by NRIs. The company supplies a range of clothing and accessories for men, women and kids to high street retailers. It also offers a range of services from design to manufacturing and distribution.

S Kumars’ is interested in having a presence abroad in the textile distribution and retailing segment. S Kumars wants to acquire the UK company in order to strengthen its back-end operation that would enable it to increase its share in the domestic as well as export market.

The UK-based fashion outfit has sourcing offices in China, Hong Kong and Bangladesh. The UK Company is into sourcing, designing and warehousing fabrics and readymade clothes. This will definitely help S Kumar’s to enhance focus on the domestic luxury segment.

The contribution of exports to S Kumars’ revenue was hardly 3% last fiscal, but the company would like to scale this up. An acquisition of a foreign sourcing chain can give S Kumars enough marketing muscle and a foothold in the high-end UK market.

Recently leading terry towel maker Welspun acquired UK premium towel brand Christy for Rs 132.6 crore last year. Another firm, Himatsingka Seide, acquired three companies abroad this year — US-based DWI Holdings, Giuseppe Bellora and Divatex Home Fashions. The acquisition brought Himatsingka large distribution networks in the home textile space. DWI has the licenses for the sourcing, marketing and distribution of luxury home textile brands — Calvin Klein, Barbara Barry and Royal Sateen.


Send your News/Releases for publication to [email protected]
Added: November 30, 2007 Source: Agencies
Start script - 1534360900.8928 Start news id check - 1534360900.8928 After news id check - 1534360900.8931 After cookie_code - 1534360901.7772 Before news detail - 1534360901.7772 After news detail - 1534360901.7779 Start cat select - 1534360901.778 After cat select - 1534360901.7782 before preg replace - 1534360901.7782 After preg replace - 1534360901.7782 Before tag engine - 1534360901.7782 After tag engine - 1534360901.782 Before mptt engine - 1534360901.782 After mptt engine - 1534360901.782 Before related engine - 1534360901.782 After related engine - 1534360901.7846 Before update hits - 1534360901.7846 After update hits - 1534360901.7848 After update news_hits - 1534360901.7857 After mem_only_views - 1534360901.7858 -------------------------------------------------- Total Exec time:- 0.89310002326965
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 15-08-2018