Arvind Fashions delivers strong performance with 106% Q-o-Q growth and cash breakeven
Posted On: 2021-02-03 02:17:59 (Time Zone: Arizona, USA)
Arvind Fashions Limited (AFL), India s leading casual and denim player, has declared its financial results for the third quarter and nine months ended Dec 31, 2020.
Key Points
- Q3 FY21 revenue grew sequentially by 106%, driven by Q-o-Q momentum on account of stronger festive season and winter shopping, along with increased footfalls across the stores as the lockdown gradually lifted. This was further aided by continued traction in the online channel
- Overall, revenue reached 86% of last year levels in Q3 FY21. Sales recovery trajectory (Y-o-Y) was stronger across all the channels
PDS Multinational Fashions Limited appoints Sanjay Jain as Chief Executive Officer
Posted On: 2021-01-11 02:31:54 (Time Zone: Arizona, USA)
PDS Multinational Fashions Limited ( the Company ), one of the world s largest design-led sourcing, manufacturing & supply chain platforms catering to leading brands and retailers globally, announced today the appointment of Mr. Sanjay Jain as Chief Executive Officer with effect from 15th January 2021.
Mr. Sanjay Jain has over 26 years of experience in leading transformation across various companies and helping them unlock their intrinsic value. He has raised over USO 4 billion from some of World s marquee strategic, private equity and financial investors. Sanjay was previously the CEO of Future Retail Limited and the Group CFO of Future Group. During his nearly 6 years at Future Group, he was part of the core leadership team spearheading the transformation, growth agenda and introduce commensurate systems & processes. This led to meani