Donear Group acquires Mayur Fabrics, PV Suiting Global distribution network
Textile firm Donear Group has acquired Mayur Fabrics and PV Suiting Global distribution network from RSWM to strengthen its global footprint and product portfolio.
The acquisition will help Donear Group scale its manufacturing and distribution of premium quality branded fabrics in the Indian and overseas market.
Commenting on the acquisition, Rahul Rajendra Agarwal, director at Donear Group, in a statement said: “We are delighted to announce the acquisition of Mayur Fabrics and PV Suiting distribution network from RSWM. It is inspirational for us to focus on our own businesses -- yarn and fabrics, respectively. We find ourselves committed to construct further on Mayur brand and make it an integral brand of Donear Group and strive to take it to the next level of success.”
Riju Jhunjhunwala,m managing director and CEO of RSWM, added: “Mayur Brand is now a part of Donear Group. We could not have found a better organisation than Donear to pass on our legacy to. I am very happy with this transition.”
Donear has a strong presence in the Indian market with over 265 stores and is available in over 30 countries. The company supplies fabrics to the largest domestic brands such Louis Phillipe, Van Heusen, Peter England, Blackberry, Arvind, Wills Lifestyle, Future Group, among others.
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