Arvind Lifestyle Brands Ltd. in India announced today it has entered into a franchise agreement with The Children’s Place, a children’s specialty apparel retailer in North America.
Arvind Lifestyle is expected to open 50 stores over time beginning in the fall of 2015.
“We are excited to be partnering with Arvind, which has a proven track record of operating successful apparel brands in India. We are making significant strides in our international franchise business, and we remain focused on providing great fashion and value for kids around the world,” said Jane Elfers, president and CEO of The Children’s Place.
“Indian Kidswear market presents huge opportunity and we are confident of gaining dominant share of the Indian kidswear market with the launch of ‘The Children’s Place’,” said J. Suresh, managing director & CEO, Arvind Lifestyle Brands Ltd.
Arvind Lifestyle Brands Limited is a subsidiary of Arvind Ltd., which is India’s leading integrated textile player.