Top Story

e4m_logo.png

Home >> Marketing >> Article

Madura Garments launches international brand Esprit in India

08-October-2005
Font Size   16
Share
Madura Garments launches international brand Esprit in India

Madura Garments, home to brands like Louis Philippe, Van Heusen, Allen Solly, Peter England and SF Jeans, has entered into a strategic tie-up with Esprit to strengthen its brand portfolio in key segments (women’s segment/premium relaxed clothes segment/accessories) and to capture the buoyancy in premium retail business in India.

With the launch of Esprit, Madura Garments aims to upgrade the retail standard in India. “We are aiming at the key segments of womenswear, premium relaxed clothes and accessories, which will add to the flavour in premium retail business,” said Hemchandra Javeri, President, Madura Garments. “We want to provide an international shopping experience to discerning and well heeled Indian consumers,” he added.

After experiencing tremendous success in Europe, Asia Pacific and the US, Esprit Holdings Ltd sees a great future in emerging markets like China and India. It already has the No 1 rank in China among retail outlets, and has now turned its focus on India.

Thomas Grote, Group COO, Esprit, said, “Esprit is always looking for new markets for expansion. We at Esprit are very excited about this new partnership with Madura Garments.” Stating the company’s focus was on product quality and price/performance ratio, Grote further explained, “We live up to our customers’ expectations by providing truly international retailing standards.”

All merchandise planning, store design, retail operations and customer service policies are as per Esprit Global Systems with 100 per cent of the merchandise being imported into India. Efforts are being made to provide the same global shopping experience to all customers of the brand in India with respect to merchandise and retail ambience.

The brand has achieved a turnover of $2.7 million in 2004-05 (excluding the licensee business) and aims for a 20-25 per cent growth next year. Esprit has already opened a store each in Bangalore and Mumbai. It plans to have one more store in Mumbai and one in Delhi within a month’s time. It plans to add 10 more stores in a year’s time.

Esprit will follow its international communication strategy and focus more on print and outdoor as well as below-the-line.

Tags

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.