S Kumars to buy US co Hartmarx for $119 mn

Textile major S Kumars is all set to acquire Hartmarx, one of the last remaining American clothing manufacturers and better known for dressing President Barrack Obama, for $119 million. Hartmarx,......

What makes a good manager great

Not so long ago, an MBA was seen as a limited-edition degree for those aspiring to join select multinational companies. Today, it is difficult to imagine quality management without formal education......

Wal-Mart eyes local textile firms for sourcing

Global retail giant Wal-Mart is in talks with several domestic textile firms for its Indian operation, which is expected to begin next year. For its joint venture with Bharti Retail, Wal-Mart, the......

International luxury brands are in

Weekly announcements of yet another luxury brand succumbing to the Indian market are hardly news any more. In spite of the market size being extremely small and the lack (so far) of adequate retail......