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Lovable Lingerie gets nod for shifting and consolidation of manufacturing capacity

12 Aug 2011 Evaluate

Lovable Lingerie has received an approval for the shifting and consolidation of manufacturing capacity from Uttarakhand unit to Bangalore Unit. The company has received an approval at its board meeting held on August 10, 2011.

The Mumbai based company manufactures women’s innerwear. The company is having joint venture with Lovable Lifestyles which will market, manufacture, distribute and direct retail in the super premium lingerie segment. Lovable will hold 90% stake in the JV with London's Lifestyle Galleries.

Peers
Company Name CMP
Vardhman Textiles 529.75
Welspun Living 239.05
Arvind 534.80
Raymond Lifestyle 628.20
K.P.R. Mill 1071.60
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