Textile major Arvind to step into footwear business

AHMEDABAD (TIP): Textile major Arvind is looking to go beyond its core businesses. Riding high on e-commerce wave, textiles and apparels company Arvind Ltd is readying to foray into the Rs 30,000 crore Indian footwear market in a big way. The company will launch its own footwear brand in coming days.

“Footwear will be a mix of own brands, acquired, licensed and joint ventures. Initially we will have footwear items from our brands such as Arrow, Tommy Hilfiger and Calvin Klein among others,” said Sanjay Lalbhai, chairman and managing director, Arvind Ltd, which aims to bring in national and international brands under its portfolio and retail them mostly through the online platform. The Arvind group has already forayed into the realty market.

As per latest estimates of Council for Leather Exports, India is the second largest global producer of footwear after China, accounting for 13% of global footwear production of 16 billion pairs. Interestingly, 95%of its production goes into meeting domestic demand.

- Advertise Here Call +1 646 247 9458 -

Trending (48 Hours)

Women to Get Access to Inner Sanctum of Haji Ali Dargah...

NEW DELHI (TIP) – Women devotees will have access up to the sanctum sanctorum of Sufi saint Haji Ali in Mumbai, the Haji Ali...
- Advertise Here Call +1 646 247 9458 -