Arvind Brands takes over Calvin Klein’s India business

Related Keywords: Arrow brand, Arvind Brands and Retail Ltd, Calvin Klein Inc, IZod brand, Murjani Group, Tommy Hilfiger

Mumbai
Arvind Brands takes over Calvin Klein's
Summary: 
Arvind Brands and Retail Ltd has bought over Murjani Group’s stake in Calvin Klein Inc’s India business for Rs 88 crore. The unit of Arvind Ltd, has entered into a joint venture (JV) with global jeans and innerwear brand, Calvin Klein Inc., to take over its India business.

Arvind Brands and Retail Ltd has bought over Murjani Group’s stake in Calvin Klein Inc’s India business for Rs 88 crore. The unit of Arvind Ltd, has entered into a joint venture (JV) with global jeans and innerwear brand, Calvin Klein Inc., to take over its India business.

The NYSE-listed PVH group owned Calvin Klein’s business is valued at Rs 180 crore, which owns the brand and 51 per cent in the JV. Calvin Klein in India is estimated to have a turnover of Rs 140 crore.

http://www.business-standard.com/article/companies/arvind-buys-murjani-s-stake-in-calvin-klein-jv-114032400598_1.html
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