Arvind Fashions to exit global ventures

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Arvind Fashions has undertaken major restructuring as it looks to exit loss-making ventures with various global brands. Bengaluru-based Arvind Fashions was demerged from the parent company before it was listed on the National Stock Exchange (NSE) barely a month ago. Arvind Fashions is talking to companies to sell the India licenses of Gant, Izod, and Nautica.

It is either scaling down or weighing to exit US-based Ed Hardy. While the profitable US brand Arrow has been clubbed with Calvin Klein and Tommy Hilfiger, Aeropostale has been merged with the department handling another struggling US label of Gap.

When questioned about the brands’ exit they had stated that they look evaluate milestones of their portfolios every year and look at scaling opportunities for them and make decisions based on that.

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