DONEAR Group has announced the acquisition of MAYUR Fabrics and PV Suiting Global distribution network from RSWM.
This move will solidify DONEAR Group’s comprehensive product basket and global augmented geographical footprint.
DONEAR Group boasts its 3rd acquisition in a short span of three years, hence strengthening its conglomerate status with an extensive distribution and retail network.
By focusing on the Group’s inherent strength of manufacturing and distribution of premium quality branded fabrics, DONEAR Group will be able to scale up MAYUR brand exponentially.
Furthermore, MAYUR Brand’s strong presence in the institutional and uniform supplies will compliment DONEAR Group’s agile manufacturing facilities and robust distribution network.
Touted to be ‘MAYUR – Stars ki Pasand’ a household name for trend – conscious buyers offers classic fabrics at an affordable price.
The collection is used by some of the world’s leading fashion brands, including Kenneth Cole, Marks & Spencer, Perry Ellis, Ann Taylor and H&M to name a few.
Moreover, PV Suiting distribution network from RSWM’s presence in overseas markets will help expand the proportionate market share of Donear as a group.
PV Suiting distribution network from RSWM has achieved long strides in the UK and Middle East which will serve as catalysts for Donear group to have a strong foothold in these regions.
Speaking about the acquisition, Rajendra Agarwal, Promoter & Managing Director of Donear Group stated, “Sabka Saath, Sabka Vikas is not just a slogan for us, it is a way of life at Donear. We have given ourselves a vision of sustained growth and we are working towards it as a team and as a family. I have had the opportunity to interact with LNJ family since I started business. “
The addition of Mayur and PV Suiting Distribution Network is driven by our desire to expand our business both PAN India as well as in global markets.
After Mayur’s infusion in our group, we are expecting enhancements in the existing distribution chain and market value of our conglomerate.”
Riju Jhunjhunwala, Joint Managing Director/ CEO of RSWM Ltd.affirmed, “It is a matter of pride for us that Mayur Brand is now a part of Donear Group. We could not have found a better organization than Donear to pass on our legacy to. I have seen the way Donear has taken over other brands, the way Donear has cultivated and helped prosper other brands in the past.
Like Rajendra ji said we have been sharing business and family relations starting way back from my Grandfather’s time, I wish that our relation keeps growing as well.”
The terms of the transaction are not announced yet and will be disclosed at the appropriate forums through wider communication to all stakeholders.