Welspun India to work again with Target Corporation, Retail News, ET Retail

Davida Erdahl

Welspun India on Friday stated it will get the job done with US retail huge Concentrate on Corporation once again, virtually 5 decades soon after Concentrate on terminated its deal with the Gujarat-based textiles maker around alleged lapses in labelling and marketing of Egyptian cotton goods. “The company and Concentrate […]

Welspun India on Friday stated it will get the job done with US retail huge Concentrate on Corporation once again, virtually 5 decades soon after Concentrate on terminated its deal with the Gujarat-based textiles maker around alleged lapses in labelling and marketing of Egyptian cotton goods.

“The company and Concentrate on Corporation, a retailer with around one,900 merchants in the United states of america, will be operating collectively once again, possessing not long ago finished a seller re-empanelment process with Welspun Global Brand names Ltd., firm’s subsidiary,” Welspun India stated in a regulatory filing.

Welspun India stated until eventually 2015-sixteen, the business with Concentrate on Corporation accounted for virtually 10 for every cent of its total business.

“The company shall strive to foster a strong, clear and sustainable business relationship with Concentrate on Corporation going forward,” the company stated.

In 2016, Concentrate on Corporation had terminated its deal with Gujarat-based Welspun around alleged lapses in its goods source.

Shares of Welspun India had been buying and selling 4.fifty five for every cent bigger at Rs 95.35 apiece on BSE.

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