Suditi Industries, a leader in textile and garment manufacturing, proudly announces the acquisition of Gini & Jony, an iconic children's wear brand with an unmatched 44-year legacy in India. This strategic move is a key step in Suditi's vision to dominate the kidswear market by leveraging its vertically integrated manufacturing capabilities, robust supply chain, and technology expertise.
Suditi Industries plans to transform Gini & Jony into a dominant force in the kidswear market through an omni-channel strategy, including Exclusive Brand Outlets (EBOs), Large Format Stores (LFS), and e-commerce platforms. Combining Gini & Jony's rich heritage with Suditi's expertise, the company is set to redefine kidswear in India while delivering exceptional value to its shareholders.
Mr. Pawan Agarwal, Managing Director of Suditi Industries, shared his vision for the acquisition: "We are excited to welcome Gini & Jony to the Suditi Industries family. The brand has a remarkable legacy that resonates with generations of Indian families, and this acquisition underscores our hunger to truly own the kidswear category, especially after the market's postCovid correction. By combining Gini & Jony's heritage with Suditi's operational strengths, we aim to bring fresh energy and scale to this beloved name. This partnership is not just about business; it is about creating value for our shareholders while delivering unparalleled quality to the Indian market."
Mr. Prakash Lakhani , Founder of Gini & Jony, expressed his enthusiasm about the collaboration: "This partnership brings together the strengths of two highly complementary entities-Gini & Jony's legacy as a trusted name in kidswear and Suditi's advanced manufacturing capabilities. What makes this journey even more special is the involvement of the next generation-Pawanji's son Harsh and my daughter Roshni-who bring fresh perspectives as young parents themselves. Their vision and understanding of the modern consumer make me confident that Gini & Jony will continue to lead the kidswear space in India."
Shares of SUDITI INDUSTRIES LTD. was last trading in BSE at Rs. 19.69 as compared to the previous close of Rs. 18.81. The total number of shares traded during the day was 17439 in over 69 trades.
The stock hit an intraday high of Rs. 19.75 and intraday low of 17.91. The net turnover during the day was Rs. 336825.00. |
