The denim unit of the UCO appears to have shut down resulting in a loss of more than 350 jobs . It was a part of the Raymond UCO denim. The two companies had merged their denim operations in 2006 with headquarters in Belgium and forming a combined entity manufacturing about 80 million metres of denim. Raymond has been suffering huge losses on its denim operations for the last few quarters. In the last financial year, the losses to the tune of Rs120 cr(about USD 29 million) were declared by ...Read More

Tags: Denim Mills, indian denim mills, raymond, uco denim

The Raymond group of India has entered into a JV with the Grotto S.p.A Group of Italy, to launch their GAS brand of Jeans in India. GAS is already a well established brand of Jeans with prescence in over 50 countries . It makes sense for the GAS to enter into JV with Raymonds since Raymonds is well established Denim Fabric and Jeans manufacturer and has a very good retail presence in the country. Only other Denim Group having good retail experience and presence is Arvind Mills – which ...Read More

Tags: denim launches india, gas denim, raymond denim