Garment Manufacturing

Welspun India seeking opportunity in kids segment through pact with Disney

Home textiles major Welspun India is seeking to tap opportunities in the kids segment through its licensing pact with The Walt Disney Company, according to Welspun's CEO and Joint Managing Director Dipali Goenka. The company, which had signed a brand licensing agreement with Walt Disney in January for the Europe and the UK market this year, also sees an increase of shelf space of licensed brands as compared to its private labels. "If there's a recession, or a slowdown, people will not compromise on their kids' demands...The kids' opportunity is huge. Whether there's a slowdown or there's a peak, that demand never tapers off," Goenka told PTI. The licence agreement had given Welspun the rights to design, develop, manufacture and distribute a complete range of home textiles products leveraging on Disney's franchises and characters across Disney, Pixar, Marvel and Lucas brands. Welspun India President & Global Head Keyur Parekh said the licensing pact with Walt Disney marks the foray

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Garment exporters have started seeing the revival of demand, which in turn has increased capacity utilisation to around 60-80 per cent

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74% of its respondents see a 90% drop in sales for the quarter ending June 2020

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Satyender Jain tests negative for Covid-19; discharged from hospital

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