Century Textiles likely to merge its ‘textile’ division with ABFRL | Trade News India
Home » News » Trade News » Century Textiles Likely To Merge Its Textile Division With Abfrl

Century Textiles likely to merge its ‘textile’ division with ABFRL

Share: 
      Newsletter

READ MORE ON ABFRLAditya Birla GroupCentury TextilesRalph Lauren

Century TextileCentury Textiles is looking to devolve its textile business and merge it with Aditya Birla Fashion and Retail Ltd. (ABFRL) in their bid to bring the entire fashion and textile business of the Aditya Birla Group under one roof, the media reports claim. Century Textiles gets almost 9 per cent of its total revenue from its fabric and denim business and is also a supplier to Aditya Birla Fashion and Retail.

Also ReadAditya Birla Fashion’s revenue up 8%

Century Textiles has two key revenue streams – cotton fabric and denim facilities. Its cotton fabric vertical manufactures a wide range of premium textiles, and supplies to international buyers like Royale Linen, Ralph Lauren, DKNY, Belk and US Polo.

It may be mentioned here that recently Aditya Birla Fashion and Retail forayed into the men’s premium innerwear and athleisure (casual clothing such as yoga pants, sweat pants, etc.) market by introducing a new line under the Van Heusen brand. Industry experts are of the opinion that all these moves are a part of the Group’s strategies to restructure; expand its business operations; and get a better grip in the market. However, no official confirmation about the merger has come from the Group yet.

 

Have some news? Let us know on news@apparelresources.com

Comments are closed.

Recommended by Apparel Resources

India likely to note 15-18% growth in garment exports in ‘18

India is likely to note a 15-18 per cent growth in garment export to touch USD 20 billion during the current fiscal. The increase from USD 17 billion in FY17...

Stats: North America Ahead of EU in Men’s Shirt consumption

According to Statista, an online statistics, market research and business intelligence portal, shirts consumption by Men in North America is far ahead of EU. Following is the year-wise forecast of...

Kenya AGOA status not in danger

The assessment of Kenya’s eligibility to receive benefits under the African Growth and Opportunity Act (AGOA) is not warranted at this time. However,...

Garco 10 joins hands with Japan fashion brands

Garment 10 Joint Stock Company (Garco 10) will be co-launching with fast fashion brands, Uniqlo and Aeon, in its endeavour to foray into...

Children’s fashion revenues witnessed 2.8% increase last year

The children's fashion market in Italy touched 2.76 billion euros in revenues in 2016, which is an increase of 2.8 per cent. “The...

BGMEA open to Accord’s monitoring role post 2018

Underlining that there would not be any need to extend the tenure of the EU retailers’ group –Accord on Fire and Building Safety...

Hosiery market to reach US $ 43.42 billion by 2025

In 2016, the global hosiery market was valued at US $ 29.73 billion and is projected to reach US $ 43.42 billion by...

Haitian textile workers hit streets for higher wages

Several Haitian textile workers staged protest on 26 June demanding a higher minimum wage much to the dismay of managers of textile factories...

Effingo Textile’s sales down 60.47% in Q1

Based in Delhi (India), manufacturer of high quality organic cotton-based products, Effingo Textile & Trading Ltd. has reported a decline in its sales...

Airports’ inefficiency causing a billion to Bangladesh

Coming down heavily on the alleged delay in releasing garment samples by Bangladesh’s airports, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA),...