Global apparel and accessories brand Tommy Hilfiger has picked a more direct route into India. It has bought out its partner Murjani Group's stake in Arvind Murjani brands and become Arvind's new 50:50 partner, reports CNBC-TV18's Vineetha Athrey.
International fashion brand Tommy Hilfiger has bought a 50% stake in apparel retailer Arvind's joint venture Arvind Murjani Brands (AMB) from partner Murjani Group.
International retail brands are keen on business in India, but many are struggling to find the right Indian partner. CNBC-TV18's Tanvi Shukla delves deeper to know what has really going wrong in the industry.