INDIA: Supergroup teams with Reliance to enter India
UK clothing company Supergroup has entered into an exclusive long-term franchise agreement with Reliance Brands to launch the Superdry brand in India.
"India has been one of the key territories targeted for development by SuperGroup, and this announcement follows many months of research into the long term potential of this market," said Theo Karpathios, CEO of SuperGroup's wholesale and international division.
"Reliance resonates a great synergy with our brand and lifestyle, with their vision for Superdry being closest to our own."
Meanwhile, Darshan Mehta, president and CEO of Reliance Brands, added: "Capturing elements of both preppy and street wear design with a subtle combination of vintage Americana and Japanese imagery, Superdry has given birth to a whole new genre of fashion that will find wide appeal amongst the growing numbers of aspirational Indian fashion consumers."
Supergroup has 81 standalone stores in the UK and Ireland, as well as 130 stores across mainland Europe, the US, South America, Australia and the Middle East.
US surfwear brand Quiksilver has named Andy Mooney as president and CEO, succeeding co-founder Bob McKnight, who has been named executive chairman....
Surfwear brand Quiksliver has seen its fourth quarter net income plunge 95% after clearance sales and promotions ate into margins and offset a rise in sales....
A number of major clothing brands have been accused of "fuelling modern-day slavery" through their failure to address child and forced labour in their supply chains, according to a report released by ...
Footwear and accessories maker Steve Madden has today (1 November) seen its third-quarter net profit rise on the back of double-digit sales growth and improved margins....
- Li & Fung: China consumption to bring major change
- INTERVIEW: Crystal CEO rises to the challenges
- Innovation and e-commerce key to Nike's growth
- Pacific Crystal Textiles gears up for production
- Opinion divided on China cotton import cuts
- Addressing anaemia key to Cambodia productivity
- Chinese firm to invest in Ethiopian textile plant
- Textile value chain making Africa more competitive
- Activists slam dismissals at Sri Lanka shoe firm
- Columbia Sportswear hires global manufacturing VP