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Alok Industries decides to part ways with Savile Row

21 Feb 2013 Evaluate

Alok Industries, the mumbai-based textile major has decided to part ways with London-based Savile Row Co. Both the companies, Alok and Savile Row, have mutually decided to end this agreement, as Alok is looking at exiting all its retail ventures. Savile Row has already started scouting for new partners in the country.

The entity has evolved from a small trading business into India’s largest integrated textiles player. It is present across the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are in Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Peers
Company Name CMP
Vardhman Textiles 547.45
Welspun Living 202.25
Arvind 549.45
Raymond Lifestyle 672.05
K.P.R. Mill 1119.85
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