Arvind acquires 49% stake in Calvin Klein: Report

Arvind has reportedly acquired 49 percent stake held by the Murjani Group in Calvin Klein in India. With this, the company is expected to drive Calvin Klein's business in the country with PVH Corp.

Ahmadabad based Arvind is the flagship company of the Lalbhai group. The company is one of India's leading composite manufacturers of textiles and is also among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics. Arvind also markets branded apparels.