Having a strong presence in over 30+ countries, Donear Group boasts its 3rd acquisition in a short span of three years, hence strengthening its conglomerate status with an extensive distribution and retail network.
Leading textile and apparel maker and creator, Donear Group has announced the acquisition of Mayur Fabrics and PV Suiting Global distribution network from RSWM.
This acquisition will solidify Donear Group’s comprehensive product basket and global augmented geographical footprint. The company has enforced a consistent growth policy since 2017, with two world-famous textile brands, GRADO and OCM already gathered under its portfolio.
Having a strong presence in over 30+ countries, Donear Group boasts its 3rd acquisition in a short span of three years, hence strengthening its conglomerate status with an extensive distribution and retail network. By focusing on the group’s inherent strength of manufacturing and distribution of premium quality branded fabrics, Donear Group will be able to scale up Mayur Brand exponentially. Furthermore, Mayur Brand’s strong presence in the institutional and uniform supplies will compliment Donear Group’s agile manufacturing facilities and robust distribution network.
Mayur Brand offers services to names like Kenneth Cole, Marks & Spencer, Perry Ellis, Ann Taylor, and H&M to name a few. Moreover, PV Suiting distribution network from RSWM’s presence in overseas markets like the UK and the Middle East will help expand the proportionate market share of Donear as a group.
Rajendra Agarwal, Managing Director, Donear Group, stated, “Sabka Saath, Sabka Vikas is not just a slogan for us, it is a way of life at Donear. We have given ourselves a vision of sustained growth and we are working towards it as a team and as a family. I have had the opportunity to interact with LNJ family since I started the business. I too am very happy to hand over this business to Donear Group.”
Commenting on this new acquisition, Rahul Rajendra Agarwal, Director, Donear Group, said, “We are delighted to announce the acquisition of Mayur Fabrics and PV Suiting distribution network from RSWM Ltd. It is very exciting and at the same time inspirational for us to focus on our own businesses i.e. yarn and fabrics respectively. We find ourselves committed to construct further on Mayur brand and make it an integral brand of Donear group and strive to take it to the next level of success. Substantiating our mission of standing tall as a textile and apparel global conglomerate, we aim to grow from strength to strength with Mayur and PV Suiting Distribution Network on our side. This highly scalable and sustainable infusion will serve as our next giant growth engine to further enrich our portfolio and expand the market share of branded fabrics offering.”
Riju Jhunjhunwala, Joint Managing Director & CEO, RSWM Ltd., affirmed, “It is a matter of pride for us that Mayur Brand is now a part of Donear Group. We could not have found a better organization than Donear to pass on our legacy to. I have seen the way Donear has taken over other brands, the way Donear has cultivated and helped prosper other brands in the past. I am telling you from the bottom of my heart, that no one would be happier than me to see Mayur Brand growing, prospering, and flourishing under Donear group, our distribution network widening with time, and employees at Mayur prospering in their careers with the inspiration and support of Donear Group. I just want to say that I am very happy with this transition. Like Rajendra ji said we have been sharing business and family relations starting way back from my Grandfather’s time, I wish that our relationship keeps growing as well.”