Shailesh Chaturvedi, the CEO-designate, Arvind Fashions, expects its portfolio of casual clothing brands will help the fashion retailer emerge stronger from the new wave of pandemic. BSE-listed Arvind Fashions currently operates brands like US Polo, Aeropostale, Flying Machine, Sephora, etc among other chains.
For the second quarter, the company reported a 56 per cent drop in revenues to Rs 463.81 crore while losses at the Bengaluru-based retailer widened to Rs 217.79 crore. In September, Arvind called off its franchisee partnership with Gap Inc. six years after the Bengaluru-based company signed a master franchisee for India and Arvind and US fashion group are currently looking for a buyer for Gap's India business. The company is also ramping up its work from home portfolio in the upcoming spring/summers collections.