Louis Philippe: The Growth of a Super Brand in India |
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The market for branded readymade men's wear was very limited in India till the early 1980s. The growth rates were also very low. One of the main reasons for this was that Indian men were accustomed to buying cloth and getting it stitched as per their custom body measurements. This practice hindered the emergence of national level brands in the apparel business. The market began to change by the mid-1980s and a small market for branded apparel started to emerge. One of the first entrants into this sector was Madura Coats India; a 51 percent subsidiary of the UK-based J&P coats.7 It entered the ready to wear garments business in India through three divisions: Madura Garments (ready to wear clothing), Coats India (threads division), and Madura Textiles (fabric supplier). Madura Garments was acquired by ABG in the year 2000 and later renamed as Madura Fashion and Lifestyle (Madura FL)...
5] The Aditya Birla Group is a business conglomerate headquartered in Mumbai. The group has a presence in 27 countries with businesses ranging from branded apparel, telecom, financial services, chemicals, and fertilizers.
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