Arvind Ltd may join hands with Calvin Klein in India

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Arvind Mills Ltd is planning to acquire 49% stake in designer denim brand Calvin Klein in India.

As per media reports, Calvin Klein, currently in a joint venture with the Murjani Group and venture capital firm Matrix Partners India, who together hold 49% stake, is keen at creating a strong position in India through the new partnership deal.

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Arvind is expected to replace minority shareholders Murjani Group and Matrix Partners India, says report.

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