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s.Oliver Group, one of the largest German fashion companies, has entered into a strategic partnership with Techno Design GmbH (“Techno Design”), a group company of PDS Multinational Fashions Limited.
PDS is a design-led sourcing, manufacturing and supply chain platform catering to leading brands and retailers globally with a presence in over 22 countries.
Through this partnership, s.Oliver Group will focus on its core competencies and benefit from the rich raw material availability, skilled personnel and gain from the competitive manufacturing India has to offer.
Techno Design’s associated company in India will acquire s.Oliver Group’s sourcing operations in India, S.O.T. Garments India Private Limited (“S.O.T. Garments India”), a company based in Chennai, from the s.Oliver Group via share purchase agreement.
Techno Design’s associated company will take over all employees and contracts of S.O.T. Garments India and shall exclusively source textiles in India and Sri Lanka for the s.Oliver Group. This partnership has the potential to translate into an annualised c.$50mn (c.Rs. 375 crore) sourcing opportunity.
s.Oliver Group is a German fashion and lifestyle company headquartered in Rottendorf that sells apparel and accessories, as well as different license products like shoes, jewelry, fragrances and eyewear with a presence in 40+ countries, and annual revenue of €1.24 billion (2019).
Its brand portfolio includes s.Oliver, with a supported brand awareness of 95 per cent in its target group in Germany, but also Q/S by s.Oliver, comma, Liebeskind Berlin as well as COPENHAGEN STUDIOS.
Techno Design is operating under the leadership of Rajive Ranjan, an experienced veteran with over 25 years of experience in the fashion industry. The agreement with s.Oliver Group will further enhance Techno Design’s operations in India. Strategic collaborative arrangements like these demonstrate the capabilities of PDS platform to provide end-to-end solutions to its marquee customers.
“India is one of the key sourcing locations for PDS for serving its customers across the global apparel and fashion industry. PDS continues to further augment its presence in this region. Through this strategic partnership, PDS will further strengthen its existing sourcing from India and leverage the capacities and capabilities of Indian apparel manufacturers to seamlessly service global brands,” said Pallak Seth, Vice Chairman, PDS Group.
“We are excited to collaborate with s.Oliver Group and become their exclusive partner for sourcing textiles in India and Sri Lanka. We believe this will be a win-win partnership,” said Rajive Ranjan, MD, Techno Design GmbH and Technocian Fashions Private Limited.
“India is an important sourcing destination and through this partnership with Techno Design we truly aim to strengthen our sourcing from India and fully leverage the potential of the market” said Oliver Hein, COO, s.Oliver Group.
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