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Welspun India appoints Ernst & Young to review its supply-chain systems

27 Aug 2016 Evaluate

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.

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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