Textiles, Apparel and Luxury Goods
Company Overview of Madura Garments Lifestyle Retail Company Limited
Madura Garments Lifestyle Retail Company Limited designs, manufactures, distributes, and retails apparel and accessories for men, women, youth, and children. It provides various brands of shirts, trousers, jeans, tees, tops, kurtas and fusion tops, and winterwear; and bags and scarves. The company markets and sells its products through exclusive and franchise stores, shop-in-shops, multi-brand trade outlets, hypermarkets, and department stores in India, the United Arab Emirates, Oman, Saudi Arabia, Qatar, Bahrain, Kuwait, Yemen, Sri Lanka, Nepal, the Maldives, and Uganda. It also sells products online. The company was founded in 1988 and is based in Bengaluru, India. As of January 1, 2000, M...
Plot no. 58, Regent Gateway
KIADB Industrial Area
Founded in 1988
Key Executives for Madura Garments Lifestyle Retail Company Limited
Head of Garments and Director
Head of Operations and Marketing - The Collective
Chief Operating Officer of The Collective
Compensation as of Fiscal Year 2015.
Madura Garments Lifestyle Retail Company Limited Key Developments
Birla Shortlists PE Companies For Retail Company Stake
Sep 4 14
Aditya Birla Management Corporation Pvt. Ltd. has short-listed L Capital Management SAS, General Atlantic LLC, GIC Pte. Ltd. and Standard Chartered Private Equity Limited to raise $400 million for its consolidated retailing business unit, two people directly familiar with the matter said. Birla will raise $200 million each from two investors in the coming weeks, which values the new retail company at $2.2 billion in enterprise valuation, they added. It was reported in July 2014 that Birla had mandated Standard Chartered Bank to sell stake in the unit that's being created through a merger of Madura Fashion & Lifestyle, Pantaloons and More supermarkets. The four investors are completing due diligence process before Birla decides on the eventual picks. The chosen investors and their investment plan will be built into the scheme of merger being prepared for the three group companies. As part of the plan, Madura will be subsidiarized with public shareholding. Pantaloons and More will be merged with the demerged Madura subsequently. Several foreign investors had looked at the stake-buy opportunity but the aforesaid four names remain in the process. A source said one more sovereign wealth fund might still be in the fray. This could not be confirmed independently.
Madura Fashion & Lifestyle Announces Earnings Results for the First Quarter Ended June 30, 2014
Aug 12 14
Madura Fashion & Lifestyle announced earnings results for the first quarter ended June 30, 2014. For the quarter, the company announced that revenue surged year on year by 23% to INR 7,870 million led by strong double digit volume growth from last year's INR 6,380 million. EBITDA rose by 66% from INR 370 million to INR 620 million led by margin expansion of 200 bps. Capital expenditure of INR 200 million was incurred during the quarter.
Aditya Birla Reportedly To Sell 25% Stake In Madura Fashion, Pantaloons and More Supermarkets
Jul 16 14
Aditya Birla Management Corporation Pvt. Ltd. has reportedly mandated Standard Chartered Bank to divest 25% stake in a new retail company to be formed through the merger of Madura Garments Lifestyle Retail Company Limited, Pantaloons Fashion & Retail Limited (BSE:535755) and More Supermarkets. Apax Partners LLP, The Carlyle Group LP (NasdaqGS:CG), Kohlberg Kravis Roberts & Co. (NYSE:KKR) and TPG Capital, L.P. are reportedly among the marquee investors with preliminary interest in the deal.
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May 4, 2015