Nahar Industrial Enterprises to acquire 'Cotton County Retail'

23rd August 2021, Mumbai:

As per SEBI’s directives, India-based Nahar Industrial Enterprises plans to acquire the operational rights of Cotton County Retail and has scheduled a meeting with the company’s board of directors on Friday, August 27, 2021. Nahar Industrial Enterprises is a vertically integrated textile manufacturer, with operations ranging from spinning, weaving and processing, while Cotton County Retail is a subsidiary of Nahar Group of companies offering a wide range of products across summer wear such as formal, casual shirts, T-shirts, cotton trousers and denims, and winter-wear including sweaters, jackets, coats, suits, sweat-shirt.

YouTube Channel https://www.youtube.com/c/DFUPublications/videos

The company was incorporated in November, 2001 as Creative Textrade. The name of the company was changed to Cotton County Retail in May, 2008. The brand celebrates the natural appeal of Cotton. Its USP lies in the use of the breathe-easy cotton fabric that is functional, comfortable, natural, organic and therefore environment friendly. The company owns approximately 500 exclusive brand outlets in Tier-II and Tier-III cities and has positioned itself as one of the top apparel retailers across the country with an impressive brand recall amongst consumers.

 https://www.linkedin.com/feed/update/urn:li:activity:6835568564330672128

TOP 5:

• India's clothing exports increased to $7.48 billion in the first half of this year, thanks to a massive recovery in major destinations
• The ‘ABOF' of Indian clothing behemoth Aditya Birla Fashion and Retail is linked to e-commerce platforms
• Arvind Fashions receives Rs 439 crore from promoters and investors
• Tirupur's clothing industry is concerned about container scarcity and lockdowns
• The government has formed a council to recommend measures to increase handloom production and exports