×
147
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
PUMA
Warehouse Manager-D2C
Permanent · Bengaluru
Published
Sep 30, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Arvind Lifestyle Brands and Gap to terminate partnership in India

Published
Sep 30, 2020

Arvind Lifestyle Brands Limited, a wholly-owned subsidiary of Arvind Fashions Limited (AFL), and Gap Inc have decided to mutually terminate their franchise business relationship in the Indian market.
 

Arvind Lifestyle Brands and Gap Inc to terminate partnership in India


The Gap business contributed revenue of Rs 182 crore ($24.7 million) to Arvind Fashions Ltd consolidated turnover, with a loss of Rs 34 crore for the financial year 2019-20.
 
For the fiscal year 2019-20, Arvind Fashions had reported a net loss of Rs 399 crore, as against a net profit of Rs 21 crore in the previous fiscal, while its revenue declined 17 percent to Rs 3,866 crore as compared with Rs 4,644 crore in 2018-19.

The decision for a mutual termination was taken due to the circumstances post the corona pandemic which has resulted in huge losses due to the restrictions imposed to curb the spread of the virus.
 
Arvind Lifestyle Brands Limited has appointed an investment bank to find a buyer for the Gap business in India, and currently both companies are working out modalities regarding the transition of the business.
 
AFL has a strong portfolio of fashion brands, both international and indigenous, which includes U.S. Polo Assn., Arrow, Gap, Tommy Hilfiger, Calvin Klein, and Sephora. It currently has a network of 1,290 stores across India.

Copyright © 2022 FashionNetwork.com All rights reserved.