Initializing...

Top Retail Brands

VF Corporation acquires JV in India

VF Corporation, a global leader in branded lifestyle apparel, has announced that its subsidiary, VF Mauritius, has acquired full


November 03, 2011  |  comments ( 0 )  | 
VF Corporation acquires JV in India

 

VF Corporation acquires JV in India
VF Corporation, a global leader in branded lifestyle apparel, has announced that its subsidiary, VF Mauritius, has acquired full ownership of VF Arvind Brands Private Limited, a majority-owned joint venture between VF Mauritius and Arvind Limited formed in 2006 to market VF brands in India.
“Our business in India is strong, and now is the time to assume full ownership," says Eric C. Wiseman, Chairman, President and CEO of VF Corporation. "Anchored by our Lee and Wrangler brands, the Indian market will provide a robust platform for future growth in the Asia-Pacific region," he added.
Aidan O’Meara, President, VF Asia, said, “VF is grateful for the contribution Arvind made to the development of a fast-growing and profitable business for our brands in India. VF and Arvind will continue to have a strong working relationship, now and in the future.”

VF Corporation, a global leader in branded lifestyle apparel, has announced that its subsidiary, VF Mauritius, has acquired full ownership of VF Arvind Brands Private Limited, a majority-owned joint venture between VF Mauritius and Arvind Limited formed in 2006 to market VF brands in India.

“Our business in India is strong, and now is the time to assume full ownership," says Eric C. Wiseman, Chairman, President and CEO of VF Corporation. "Anchored by our Lee and Wrangler brands, the Indian market will provide a robust platform for future growth in the Asia-Pacific region," he added.

Aidan O’Meara, President, VF Asia, said, “VF is grateful for the contribution Arvind made to the development of a fast-growing and profitable business for our brands in India. VF and Arvind will continue to have a strong working relationship, now and in the future.”

 


Related News


Comments

Please add your comment:

Rating   

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter