Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Industry News

| More

S. P. Retail Brands Ltd. acquires UK based Kidswear brand Angel & Rocket

Posted On: 2020-11-14 03:42:26 (Time Zone: Arizona, USA)


S.P. Retail Brands Ltd. has acquired Angel & Rocket, a premium kidswear brand headquartered in London. S.P.Retail Brands Limited is promoted by Mr. Chenduran Sundar - One of the directors of SP Apparels Limited a leading manufacturer of Children garments. Through this acquisition, S.P. Retail Brands Ltd. aspires to be a major retailer of premium kidswear apparel in India and diversify its portfolio and tap into India's booming children's wear market. Angel & Rocket is only the first initiative from the company and there are plans to add other brands to its portfolio.

The Indian kids apparel market reached a value of US$ 14.9 Billion in 2019. A key factor driving the Indian kid's apparel market is the country's huge population. Currently, around 375 million individuals are below the age of 15 years in the country. This represents a huge consumer base for the kid's apparel market according to IMARC Group's latest report.

MR. Chendhuran Sundar, Managing Director said, "The proposed acquisition is aligned with the company's strategy. The brand will sell through omni-channel in a bid to provide better customer experience for in-store and online. We have aggressive plans to develop and expand Angel & Rocket in the country which will see the opening of 350+ large format stores, exclusive brand outlets - franchise stores, and shop-in-shops across metros and tier 1 cities in the country in the coming 5 years. We have also partnered with Shoppers Stop, Lifestyle, Tata Cliq and First Cry and Little Tags to sell Angel & Rocket products in India."

Angel and Rocket is an international contemporary childrenswear brand for girls and boys from newborn to 12 years. They offer parents a stylish yet fun take on children's clothing, reflecting a kid's playful personality whilst ensuring comfort and quality. The entire range of apparel are designed by A & R, London. Their sustainably made clothing line help kids express themselves through fashion without exerting stress on the environment.

ImageKate Bostock, Founder and Brand Director Angel &Rocket said, "The organised branded sector, though growing rapidly, still constitutes only a small part of the overall kidswear market. There is plenty of potential for growth and room for new entrants, including international brands. Angel &Rocket caters to a niche segment in this rapidly growing industry-it has carved a unique position and product proposition. "Angel&Rocket has the capacity to transcend borders and be desirable anywhere in the world. We wanted to expand our global footprint by venturing into the Indian market. Last year, we opened our first exclusive Angel & Rocket store in London, UK, and plan to open our first standalone store in the coming months in India. We are looking forward to working with the S.P. Retail brands team. Together, we'll strengthen the brand's core business and connect with our target demographic around the world through new product offerings and experiences."

The COVID-19 crisis has sparked a retail transformation. Many businesses are launching online stores or joining online marketplaces in the past few months. The fashion and apparel sector have seen the largest number of businesses opening e-commerce sites. With online shopping seeing a notable rise in lockdown, S.P. Retail Brands has decided to launch Angel & Rocket's Indian website with a major focus on quality, contemporary styling, and sustainability," MR. Chendhuran Sundar, Managing Director S.P. Retail Brands Ltd. adds.

One can shop Angel & Rocket products from our website https://angelandrocket.in/ or from Lifestyle's, Shopper Stop, Tata Cliq, Little Tags and First Cry's website or stores near you.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Aluminium Industry reiterates urgency for 5% RoDTEP rate for economic sustainability

Cold chain logistics expected to grow by over 20% CAGR by 2025: JLL

Emerging trends in the consumer durables industry in the 'new normal' - Parag Kulkarni, MD, A. O. Smith India

Five Years of RERA have been transformational for the Realty Industry

Fino Payments Bank goes live with enhanced deposit limit of ₹2 lakh

Ageas Federal Life Insurance launches Saral Pension

Manipal Hosptials completes the acquisition of 100% stake in Columbia Asia Hospitals in India

Leading EV manufacturer Komaki Creates New Battery Technology that boasts of a blistering 220+ km range

Government of Odisha approves 9 new industrial projects worth INR 2570.54 Crore at the 100th SLSWCA meet

SIAM hosts 12th Lecture Series on Hybrid and Electric Vehicles in India: Development, Testing & Homologation

Top 5 Startups Fueling Innovative Financial Inclusion Solutions in India

Tech Trends that will Rule the Gaming Industry in 2021

LIC's Branding Rights of Andheri Metro Station, campaign executed by Times OOH

Bharat Biotech to expand COVAXIN® capacity to support vaccination campaigns in India and Worldwide

Lowering age to 18 yrs for vaccination, decisive step to restore confidence, says ASSOCHAM

Home Credit Partners with SEWA Bharat to restore livelihoods of nano entrepreneurs

Ascendas India Trust secures maiden S$100 million sustainability-linked loan from UOB

Noida International Airport begins the pre-qualification process for airport development and construction tender

Fractional ownership providing boost to Commercial Real Estate

Bharti AXA Life Insurance establishes bancassurance partnership with Fincare Small Finance Bank

NCR witness 111% jump in new launches

Pitstop raises USD 3.5 million in pre-series B funding led by Ventureast

CPAI urges Maharashtra govt to classify stock broking under essential services amid new COVID-19 curbs

BYJU'S to acquire Aakash Educational Services Limited through a strategic merger

Shriram Life Insurance introduces settlement of claims within 12 hours

Ascendas India Trust to invest in a forward purchase acquisition of 1.65 million square feet of an IT Park at Hebbal, Bangalore

JICA signs loan agreement for JPY 10 billion with TCCL for Climate Change Management Project in India

Arcil appoints Mr. Pallav Mohapatra as Chief Executive Officer & Managing Director

Home Credit strengthens its Insurance Portfolio

Yamuna International Airport's proposed term loans rated at 'Provisional IND A-'/Stable by India Ratings

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

SVC Bank bags 'Best Co-op Bank in India 2020' Award at World Leadership Awards

To cash in on retail rush, brokerages shower freebies on investors

SIDBI and NSE joins hands for co-operation in various MSME related initiatives

Honda posts robust 31% growth with 4 lac+ domestic sales in Feb'21

Hyundai Motor India registers cumulative sales of 61,800 Units in Feb'21

SIDBI joins hands with Government of Andhra Pradesh for the Development of MSME ecosystem in the State

Bauxite Average Sale Price (ASP) needs correction for Indian Aluminium to be competitive

Fino Payments Bank is now a scheduled bank

UST Acquires ServiceNow Business from abhra, Inc.

First batch of Sputnik V vaccine delivered to Mexico

Fino Payments Bank to on board 10000 women from SHGs as banking agents in Uttar Pradesh

Liberty General Insurance Rolls Out AI-based Automated Car Inspections

Ageas Federal Life Insurance launches its Life Advantage Plus Plan

Star Health Insurance partners with PhonePe to offer Digital Health Insurance

Universal Sompo General Insurance Company Limited ties up with Saptagiri Grameena Bank

SIDBI partners with Confederation of Women Entrepreneurs to give fillip to Stand-Up India Scheme

Tata Housing launches 'The Grand Indian Home Festival'

LANXESS increases prices for engineering plastics

AMP Capital establishes energy transmission platform in India with Sterlite Power


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020