(Representative Image; Credit- iStock) China’s Commerce Ministry said Thursday that it will investigate the fashion company PVH, which owns brands like Tommy Hilfiger and Calvin Klein, for suspected violations of trade rules. The ministry said Thursday in statements posted online that it would investigate the company’s suspected boycott of products from the far western Xinjiang…
Indian clothing retailer Arvind posted a 40% fall in its first-quarter profit, as inflationary pressures weighed on consumer spending on apparels despite discounts. The company, which sells international brands like Tommy Hilfiger, Arrow and Calvin Klein, said its consolidated net profit fell to 393.1 million rupees ($4.7 million) from 658.7 million rupees a year earlier….
Kolkata | New Delhi: Armani Exchange, Superdry, Calvin Klein, Tommy Hilfiger and US Polo Assn are said to be running out of local shoe stocks as the government wants factories they are made in to be certified by the Bureau of Indian Standards (BIS). These plants are mostly based in China, Vietnam, Thailand and Malaysia,…
Shailesh Chaturvedi, MD & CEO, Arvind Fashions Shailesh Chaturvedi, MD & CEO, Arvind Fashions, says “the markets are behaving the way they were behaving in Q3 and we hope that we will continue to grow our offline channel at close to 10% growth. We have done a destocking in our B2B online wholesale business and…
BENGALURU: India’s Arvind Fashions, which retails clothing from brands such as Arrow, Calvin Klein and Tommy Hilfiger, reported a slowdown in revenue growth in the key holiday quarter and warned that any improvement would only come next quarter. The company’s shares tumbled nearly 9% after the results, in their biggest intra-day slide in five weeks….
Arvind Fashions, which sells products of brands such as Arrow, Tommy Hilfiger and Calvin Klein, aims to become a zero-debt company in the next two years on the back of higher cash flow and focus on franchise-based expansion, said vice chairman Kulin Lalbhai. The Bengaluru-headquartered company has rationalised its brand portfolio, reducing it to five…
India’s Arvind Fashions reported a 18.9% rise in the second-quarter profit on Tuesday, aided by healthy sales of clothing and footwear and as power brands helped it maintain wider margins. The Bengaluru-based company’s consolidated net profit rose to 216.6 million rupees ($2.60 million) for the quarter ended Sept. 30 from 182.2 million rupees a year…
