Arvind’s retail chain in pact with US firm

Arvind’s retail chain in pact with US firm
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First Published: Thu, Sep 25 2008. 12 13 PM IST
Updated: Thu, Sep 25 2008. 12 13 PM IST
Reuters
Mumbai: Arvind Ltd’s retail chain Megamart has entered into a licensing pact with US-based Cherokee Inc, Megamart’s chief operating officer said on Thursday.
Megamart is expected to contribute about Rs3 billion in sales, or roughly 15% of Arvind’s total turnover, in 2008-09, K.E.Venkatachalapathy said.
Megamart currently has 110 stores across India, which the company plans to raise to 250 by 2010, he added.
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First Published: Thu, Sep 25 2008. 12 13 PM IST
More Topics: Arvind Ltd | Megamart | Cherokee Inc | retail | stores |