Welspun India plans to resume working with US retail giant Target Corporation, almost five years after Target terminated its contract with the Gujarat-based textiles maker over alleged lapses in labelling and marketing of Egyptian cotton products.
The company and Target Corporation, recently completed a vendor re-empanelment process with Welspun Global Brands., company's subsidiary.
Welspun India said until 2015-16, the business with Target Corporation accounted for almost 10 per cent of its overall business.
The company shall strive to foster a strong, transparent and sustainable business relationship with Target Corporation going forward. In 2016, Target Corporation had terminated its contract with Gujarat-based Welspun over alleged lapses in its products supply.
Welspun Group is one of India’s fastest growing global conglomerates with businesses in line pipes, home textiles, infrastructure, steel, advanced textiles and flooring solutions. A globally recognized leaders in home textiles and line pipes, Welspun has presence in over 50 countries with a strong team of 26,000+ employees.
