House Of Pearl Fashions sets up US subsidiary

By Staff
|
Google Oneindia News

New Delhi, Sept 21: House of Pearl Fashions Ltd, the Rs 800 crore group engaged in management of entire supply chain of fashion industry, has set up a wholly-owned subsidiary in the US and aims to generate business worth Rs 100 crore from it in the next two years.

The subsidiary, House of Pearl Fashions US Inc, will lead marketing and establishing of supply chain alliances with global brands based in North America.

''House of Pearl Fashions, US Inc is projected to generate a turnover of over Rs 100 crore in next couple of years,'' House of Pearl Fashions Ltd Chairman Deepak Seth said.

The setting up of the US subsidiary is inline with the company's plan to become a strategic supplier to existing and potential customers in the US market.

''As we plan to nearly double our manufacturing capacities in India, Bangladesh and Indonesia, the US subsidiary will play a critical role in marketing and selling our product portfolio,'' Mr Seth added.

Its current portfolio of clients in the US includes JC Penny, GAP, Banana Republic, Kohl's, Abercrombie and Sears.

House of Pearl Fashions Ltd, the flagship company of the House of Pearl Group, is an integrated ready-to-wear supply chain capable of offering complete supply chain management solutions.

UNI

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