Dec
11
Madura Fashion and Lifestyle (Madura F&L) has won a series of accolades at the recent Star Retailer Awards, organised by Franchise India. It’s the only award-of-its-kind for the retail industry. Madura F&L was presented with the ‘Fashion Retailer of the Year’ award.
Madura F&L.
Ashish Dikshit, CEO, Madura F&L and the driving force behind Madura F&L, was presented with the ‘Retail Face of the Year’ and Van Heusen, the premium men’s formal wear brand from Madura F&L was awarded the ‘Licensee of the Year’ award.
Madura F&L, a division of Aditya Birla Nuvo is one of India’s fastest growing branded apparel companies and a premium lifestyle player in the retail sector, which has revolutionised India’s readymade apparel and retail market. Madura F&L, a name that is synonymous with panache and modernity, is defined by its brands – Louis Philippe, Van Heusen, Allen Solly, Peter England, Esprit, The Collective, Planet Fashion and People.
Over the years, the company has developed a vast network comprising more than 1,100 exclusive stores and a growing presence in over 1,500 premium multi-brand trade outlets. It registered a turnover of Rs 2,115 crores in FY 2011-12 and is poised to grow more than twice its current size. The company plans to achieve a turnover of $1 billion (about Rs 5,500 crores) in the next three to four years.