Active Clothing Co Ltd (BSE: 541144) will distribute US Polo Assn and Hanes brands of Arvind Lifestyle Brands Ltd in the state of Punjab and Haryana (except Ludhiana) and UT of Chandigarh. As per the 3 year Master Distribution Agreement, Active Clothing will be buying, displaying and selling the stocks of US Polo Assn and Hanes to multi brand outlets and also to authorized retails and sub-distributors in the given territories.
Active Clothing also has several key customers – Levi’s, Celios, Ed Hardy, Flying Machine, United Colors of Benetton, IZOD, Aeropostale, Arrow, Pepe Jeans, Numero Uno, Basics, Elle, Iconic, Impulse and other major brands. It also manufactures upper wears under its own brand ‘A+ gain’, which is sold by all major multi brand stores of North India. It has received the best distributor award from Levi’s.
The shares of Active Clothing were trading 1.81% down at Rs 62.50 in noon trade.