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Innerwear inventory piles up on slowing demand: Page Industries, ET Retail

India s largest innerwear firm, Page Industries, said rival companies are holding up to 12 months of excess inventory, leading to unsustainable business practices such as discounting. Page Industries, which runs Jockey and Speedo stores in India, saw a 7.5% sales drop in the June Quarter. Falling sales of non-essential items, such as apparel and lifestyle products, caused by inflation, higher interest rates, job losses and an economic slowdown, were to blame.

Ashish dikshitRamesh agarwalAlan greenspanGrupa companyPage industriesBirla fashionWage industriesInnerwear inventoryDinner wearUnsustainable business practicesAditya birla fashion and retailAditya birla fashion

innerwear: Innerwear inventory piles up on slowing demand: Page Industries

India s largest innerwear firm, Page Industries, said rival companies are holding up to 12 months of excess inventory, leading to unsustainable business practices such as discounting. Page Industries, which runs Jockey and Speedo stores in India, saw a 7.5% sales drop in the June Quarter. Falling sales of non-essential items, such as apparel and lifestyle products, caused by inflation, higher interest rates, job losses and an economic slowdown, were to blame.

Alan greenspanAshish dikshitRamesh agarwalGrupa companyPage industriesBirla fashionInnerwear inventory pilesInnerwear inventoryDinner wearUnsustainable business practicesAditya birla fashion and retailAditya birla fashion

Is India the Next Frontier for Luxury Department Stores?

Is India the Next Frontier for Luxury Department Stores?
businessoffashion.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessoffashion.com Daily Mail and Mail on Sunday newspapers.

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Godrej Appliances: Consumer companies slash June output to clear inventory, ET Telecom

Godrej Appliances: Most chief executives have predicted a demand revival by Diwali and, based on inventory clearance by then, indicated to manufacturers festive season orders higher than last year.

Kamal nandiAshish dikshitSatyen momayaPardeep jainPage industriesJaina groupRetail ltdBirla fashion

TCNS to merge with Aditya Birla Fashion and Retail Limited (ABFRL)

Mumbai, May 8: TCNS Clothing (TCNS), India s leading women s ethnic-focused fashion player, today announced that it has entered into definitive agreements for combining with ABFRL, India s leading fashion & apparel company, and a part of the Aditya Birla Group. The transaction entails a combination of TCNS into ABFRL and will be carried out through - (1) Acquisition of the founding promoter s stake through a SPA and a conditional public open offer followed by (2) Merger between the two entities.

Shardul amarchand mangaldasKumar mangalam birlaAshish dikshitOnkar singh pasrichaRetail limitedAditya birla groupNational company law tribunalCompetition commission of indiaCredit suisseAditya birla fashionAditya birlaSingh pasrichaExecutive directorManaging directorFairness opinionCompetition commission

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