Kolkata, Nov 13 (PTI) A wholly owned subsidiary of Lux Industries acquired the manufacturing and marketing rights of premium innerwear category of Indian Cricket Team Captain Virat Kohli’s brand One8.
“We have just acquired the rights for brand One8 socks, innerwear and sleepwear but products will be introduced around March next year. In February, we will able to give some projections but we are very optimistic about it,” Lux Industries, senior vice president Saket Todi told PTI.
Artimas fashion, a wholly owned subsidiary of Lux Industries is collaborating with Cornerstone Sport, the license owner of One8, to establish the brand as the most successful trendy innerwear brand for youth in the ‘premium’ category.
Asked whether exclusive stores could come up for One8, Todi said, “Initially, the products would be sold in multi-brand stores but in near future the possibility of exclusive stores is also not ruled out. But, nothing is firm in this regard.”
“With One8 we intend to make a substantial inroad in men s premium innerwear segment and I am glad to partner with Lux Industries as they have the right expertise to augment growth. One8 as a brand and now feel confident about establishing the brand and reaching out to the right audience in India and abroad,” Kohli commented, said a press release.
Lux Industries was scouting for opportunities in production and marketing licensing for global brands for inorganic growth.
The company is OEM vendor for UK’s Byford and Polo of South Africa.
Lux has established integrated manufacturing modern plant at a capex of Rs 105 crore which allows the company to harness its manufacturing strength.
Speaking about Kohli’s brand, Todi said “Lux Industries coupled with the youth appeal of Virat Kohli will make One8 the most preferred brand in the premium category for the youth of India in a couple of years.” Lux will manufacture and market a unique collection of one8 branded socks, innerwear and sleepwear.
This is published unedited from the PTI feed.