Arvind to bring Billabong To India
Arvind Lifestyle Brands, a subsidiary of Arvind Ltd, one of the largest players in the apparel brands and retail space, on Wednesday announced the signing of an exclusive distribution agreement with the iconic surf lifestyle brand Billabong in India.
Arvind will market Billabong's products through open stand-alone stores, as well as shop in shops in department stores and leading multibrand stores.
In turn, Billabong will leverage Arvind's significant expertise in building international brands in India to enhance its iconic status and presence in this important emerging market.
All of which will help Arvind further augment its category leadership in the retail space through its truly robust multi-brand, multi-price and multi-channel strategy, said the company.
J Suresh, Managing Director and CEO of Arvind Brands and Retail, said: "We are delighted to sign the Distribution Agreement with Billabong, one of the world's largest surfwear brands with a turnover of USD 1.5 bn. Billabong is strongly focused on youth and is ideal for the Indian market which has the largest youth demographic in the world."
Phil Nicole, General Manager, Asia, Billabong, said: "Arvind has a network of 730 stores and 650 shop in shop counters and is one of the largest branded apparel companies in India.
"The Group has a heritage of 80+ years and is also the largest denim manufacturing company in the world. We are therefore convinced that we have found in Arvind a great partner for Billabong as we seek to further grow our Asian operations." --IBNS