Mr. Shrikant Himatsingka, Executive Director, Himatsingka Seide, said "The three acquired entities will collectively contribute Rs 1100 crores in annual revenues. The acquisitions have been made at reasonable valuations and will be accretive to us."
"In addition, they will consume the entire capacity of the recently commissioned Rs 400 crore bedding facility. The group now has five strong brands under its fold and is exploring the opportunity of bringing them to India and other Asian markets. The revenues from our global distribution arms coupled with strong retail growth will position us to achieve Rs 1200-1300 crores in revenues next year".
Mr. Dinesh Himatsingka, Managing Director, Himatsingka Seide, said "We have positioned ourselves uniquely by successfully implementing an integrated model. These initiatives have given us critical mass which will enable us to explore new growth opportunities in the future."
Calvin Klein Inc is one of the leading fashion design and marketing, studios in the world. A wholly owned subsidiary of Phillips-Van Heusen Corporation, Calvin Klein Inc designs and markets women's and men's designer collection apparel and a range of other products that are manufactured and marketed through an extensive network of licensing agreements and other arrangements worldwide.
Brands/lifestyles include Calvin Klein Collection, ck Calvin Klein, Calvin Klein, and Calvin Klein Jeans. Product lines under the various Calvin Klein brands include apparel, accessories, shoes, underwear, sleepwear, hosiery, socks, swimwear, eyewear, watches, jewelry, coats, and fragrances, as well as products for the home.
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