In order to review its supply-chain systems and process, Welspun India has appointed consultancy major Ernst & Young (EY). The move follows US-based retailer Target Corporation’s decision earlier this week to sever all ties with the company after a supply dispute.
A two-year-long probe by Target had revealed that bedsheets and pillow cases supplied by Welspun between August 2014 and July 2016 were not made from Egyptian cotton as promised.
Welspun India is one of the largest manufacturers and exporters of bed & bath textile products globally. The company’s portfolio comprises wide range of home textile products such as terry towels, bed linen (basic bedding and decorative bedding) rugs and bathrobes.
| Company Name | CMP |
|---|---|
| Welspun Living | 125.45 |
| Vardhman Textiles | 557.75 |
| Arvind | 387.20 |
| K.P.R. Mill | 926.40 |
| Page Industries | 37935.70 |
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