Kitex Garments will invest ₹200 crore each in 2 of its new wholly owned subsidiary companies. These two facilities will help to increase the manufacturing capacities of the company to meet rising future demand.
In a move that was perhaps inevitable given its current big problems, Mothercare has named a new CEO. Ex-Kmart exec David Wood is taking over with immediate effect as the company battles to achieve a turnaround.
Global e-commerce giant Amazon has claimed that its sales in the kidswear segment grew by almost 80 percent in 2017 as compared to the last year thereby helping brands in the category expand its base in the country.
Omni-channel platform for kids Firstcry is in talks with DLF brands to acquire the India market rights for UK based kids brand Mothercare, multiple sources said on Wednesday, but the brands have denied the rumours.