S.P. Retail Brands Ltd. has completed acquisition of 100 per cent stake of Angel and Rocket business in India and 80 per cent of its stake internationally
S.P. Retail Brands Ltd. has acquired Angel & Rocket , a premium kidswear brand headquartered in London. S.P.Retail Brands Limited is promoted by Chenduran Sundar – One of the directors of SP Apparels Limited a leading manufacturer of Children garments. Through this acquisition, S.P. Retail Brands Ltd. aspires to be a major retailer of premium kidswear apparel in India and diversify its portfolio and tap into India’s booming children’s wear market. Angel & Rocket is only the first initiative from the company and there are plans to add other brands to its portfolio.
The Indian kids apparel market reached a value of US$ 14.9 Billion in 2019. A key factor driving the Indian kid’s apparel market is the country’s huge population. Currently, around 375 million individuals are below the age of 15 years in the country. This represents a huge consumer base for the kid’s apparel market according to IMARC Group’s latest report.