ITV

Tag: Madura Fashions

  • Shrey Talwar joins Hidesign as chief sales officer

    Shrey Talwar joins Hidesign as chief sales officer

    MUMBAI: With a career graph like he has, it’s no wonder why Hidesign has taken on Shrey Talwar as its chief sales officer from the beginning of this month. The Nift graduate and business administration post graduate, spent nine years in his last assignment with Aditya Birla Fashion & Retail and exited as national retail & operations manager – Van Heusen.

    Prior to that he took a short 10 month job at Blackberrys, which he joined after working for Madura Fashion & Lifestyle for two years plus.

    He began his career with Color Plus Fashions where he was employed as an assistant manager design for nearly two years. 
     

  • Allen Solly targets to become Rs 1,000 crore brand by FY16

    Allen Solly targets to become Rs 1,000 crore brand by FY16

    KOLKATA: Allen Solly, part of Aditya Birla Group’s Madura Fashions, aims to be a Rs 1,000 crore brand by the end of next fiscal FY2015-16. 

     

    “In FY15, we are looking at Rs 800 crore topline from Rs 550 crore in the previous year,” Allen Solly COO Sooraj Bhat, said in Kolkata.

     

    Allen Solly ranks third in terms of revenue among the seven to eight brands that the company owns in fashion and lifestyle segment, he further said, when asked about the position of the brand Allen Solly in the whole kitty.

     

    Bhat said the new sub-brand Solly Sport had partnered with Wimbledon for exclusive marketing casual-wear line. He added that in FY15 the brand is expected to generate Rs 40 crore revenue and over the next three years it will expand to touch Rs 200 crore.

     

    The company said that it will not resort to discounts and bargains to push volumes, adding that online accounts for just four per cent of topline. 

     

    The company has 207 exclusive stores and proposes to add 50-odd stores in the next year.