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ITC completely moves out from lifestyle retailing business

03 Aug 2022 Evaluate

ITC has completely moved out from lifestyle retailing business following a strategic review of the business portfolio. The company entered the lifestyle retailing business more than two decades ago under the Wills Lifestyle brand. It sold a range of apparel including formal, casual, evening and designer wear under the brand. In 2019 the company undertook a restructuring of the lifestyle retailing business and scaled down the operations of the vertical and sold the John Players brand to Reliance Retail.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

Peers
Company Name CMP
ITC 260.25
Godfrey Phillips Ind 1928.00
VST Industries 204.05
Indian Wood Products 33.86
NTC Industries 134.70
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