It is reported by US fashion magnet-VF Group show that it is planning to speed the step to India market. The manager level in company show that because India market s demand on brand apparel is increasing continually while VF can produce its products in India due to VF s rights to cooperate with Arvind brand company, company made above decision. Arvind brand company be subjected to jeans magnet-Arvind has ever signed the franchised management contact with VF and sold VF jeans and Nautica sports collection in India market, however, after union,the joint-venture company has wider operation range than previous franchised management agreement.
It is known that VF still planning to purchase 60% of stock of new joint-venture company through its affiliated company in Mauritius by itself.
It is known that VF still planning to purchase 60% of stock of new joint-venture company through its affiliated company in Mauritius by itself.
