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PRESS
RELEASE
5
February 2008
Van Heusen
Woman is the 'Most Admired Womenswear Brand of the Year'
Van Heusen
Woman, India's leading fashion brand that introduced classic
formals with a brand promise of everyday couture received
the prestigious 'Most Admired Womanswear Brand of the Year'
award at the renowned Lycra® Images Fashion Awards 2008.
Says Mr.
Shital Mehta, Chief Operating Officer, Van Heusen, "For
a brand which is just in the second year of its launch, it
is a great honour to receive this award. It reflects great
confidence and trust on Van Heusen Woman by our consumers."
Van Heusen
Woman is about offering accessible, classy and complete wardrobe
solutions. Launched in September 2006 with 10 outlets, Van
Heusen Woman was the first brand in India to introduce colour-blocked
merchandise across seven product categories and three categories
of accessories. In a short span of one year, the numbers shot
upto 55 retail outlets. The expansion also witnessed the introduction
of 11 apparel categories and six categories of accessories.
Van Heusen
Woman is on the threshold of rapid growth. The revenue in
the first season was Rs. 5.58 crore, which was a sharp leap
from the budgeted Rs. 2.04 crore. This figure grew four-fold
to Rs. 23 crore.
The brand
plans to expand to 100 outlets and 15 flagship stores by end
of 2008. With the introduction of 'Essentials' and 'Evening'
sub-categories to focus and strengthen the occasion-related
merchandise, Van Heusen Woman is leading the way in women's
wear today.
About
Lycra® Images Fashion Awards 2008 (LIFA)
The Lycra® Images Fashion Awards 2008 (LIFA) is an important
platform that recognises and honours achievements of fashion
and lifestyle brands, retailers and professionals in the fashion
and apparel industry. LIFA acts as a catalyst to identify
the needs of the emerging global Indian seeking a global shopping
experience at home.
For these
awards, LIFA collaborated with IRIS as the knowledge partner
for the study of the awards. AT Kearney was appointed for
process approvals for selection of top performers. The jury
comprised of distinguished professionals in the industry including
Dr. Darlie O Koshy, Executive Director, National Institute
of Design, Mr. Aloke Shanker, Managing Director, Synovate
and Mr. N V Sivakumar from Price Water House Coopers
The LIFA
2008 study received responses from over 7000 fashion conscious,
brand aware consumers and recommended by over 500 professionals
in the industry.
This award
is a fitting salute to Van Heusen women who are competing
with men in all walks of life and are developing a strong
identity of their own.
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