India-based Arvind Fashions, home to over 28 renowned brands across all formats of retail, is considering to stop India retailing of Gant, Nautica and Aeropostale brands.
The company will return the licenses of these brands to their owners.
Arvind Fashions has come to this conclusion as sales didn’t reach where the company wanted it to be.
The company is reportedly closing exclusive stores of the brands.
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However, the fashion retail brands will remain available on Flipkart till license expires.
Markedly, Arvind Fashions has 28 global brands available across 1,300 stores.
Recently, the company reported a 5 percent jump in its listing price of Rs. 591.75 on BSE. It is eyeing to be cash-flow positive by FY 2019.
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