In 2020, it ended its deal with American casual clothing brand Gap; and in 2021, it sold its Unlimited retail business to V-Mart Retail Ltd as it pursues a plan to build fewer but bigger brands.
In an interview, Kulin Lalbhai, vice chairman and non-executive director, Arvind Fashions, spoke about the company’s plans to scale core brands, including US Polo Assn., Tommy Hilfiger, Flying Machine, Arrow, Calvin Klein, and Sephora; it also runs stores for Aeropostale and Ed Hardy in India. In FY23, the company’s revenue from operations stood at ₹4,421 crore; it also reported a profit of ₹37 crore, after reporting a loss of ₹267 crore in the previous fiscal. Edited Excerpts:
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