Arvind Fashions’ wholly owned subsidiary -- Arvind Lifestyle Brands and Gap Inc., have decided to mutually terminate their franchise business relationship in India. Due to circumstances post the corona pandemic, both Companies agreed that a mutual termination was in both Companies best interest. As next steps, both companies will work out modalities regarding transition of the Gap business. Arvind Lifestyle Brands has appointed an Investment Bank to find a buyer for the Gap business.
Arvind Fashions is India's leading casual and denim player, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across sub-categories and price points.
