, which turned over pounds 667m last year, bought Hartmarx Corporation, an occasional tailor to President Barack Obama, in partnership with British investment firm Emerisque Brands.
RTIL has a worsted suiting plant located in the Mysore district of Karnataka, and fabric for ready to wear garments is procured internally (for suitings), the parent company - SKNL
and from the open market.
Since then, SKNL
has seen a sharp rise in its fortunes with net profit growing every quarter.
In May this year, SKNL
entered into a licensing agreement to design, source, manufacture and distribute the entire range of DKNY menswear across the world, except Japan.
However, reports have suggested that two of the three are Indian firm SKNL
and Pakistani textile mogul Alshair Fiyaz.
Reports suggest Indian firm SKNL
and Pakistani textile mogul Alshair Fiyaz have made separate bids for the fashion chain, which went into administration with debts of pounds 750m last month.