Coimbatore-based Lakshmi Machine Works (LMW) will modernise Kenya-based Rift Valley Textile Mills (Rivatex EA) to help it compete with its global counterparts.
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Reliance Industries’ subsidiary Reliance Brands, which already has a clutch of global labels, has signed a deal with Italian fashion house Valentino for marketing the latter’s products in India.
Arvind Limited has showcased its sustainable collection of clothing through a fashion show at the concluding day of ustainable Apparel Coalition (SAC) annual member meeting in Bangalore.
Raymond Limited, textile and apparel major, is planning to invest Rs 350 crore in capacity and retail expansion this year. This will help ramp up its apparel sale and grow the fabric business over the next few years, a senior company executive said.
What can be called as a formal ushering of the textile Khadi into corporatisation, Raymond has launched India’s first branded khadi label- ‘Khadi by Raymond’.
Textile major Arvind Ltd has reported a 41 per cent decline in net profit for the year ended March from a year ago on the back of demonetisation and increase in cotton prices.
Specialty chemicals company LANXESS projects the highest full year results in company history, following a very strong first quarter of 2017 and the successful closing of the acquisition of U.S. based company Chemtura.