Iris Clothings to design apparels using Disney and Marvel characters
Signed Licensing agreements with UTV Software Communications Pvt. Ltd. ("Disney")
Howrah, India, November 26, 2022 - Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has successfully signed two licensing agreements with UTV Software Communications Pvt. Ltd. ("Disney") to use Disney and Marvel characters.
As per the agreements, Iris Clothings will now be able to design kids apparels around intellectual properties from Disney movies like Mickey Mouse, Aladdin, Lion King, Frozen, etc. and from Marvel movies like Spiderman, Doctor Strange, Thor, etc. These characters have tremendous popularity among kids and are expected to gain wide acceptance as soon as the apparels hit the market.
The Company plans to launch apparels with these new designs for all their age groups, from 0 to 16 years, by end of FY23. This would further be launched as a premium category under its brand DOREME. The apparels will be sold offline through its distributor network in Tier II & III cities and online through its recently launched D2C website www.doreme.in.
Commenting on this vital event Mr. Santosh Ladha, Managing Director of the Company said: "Designing has always been one of our core strengths. We believe that our designing team's capabilities coupled with these agreements would further enhance our product range and strengthen our brand."
About Iris Clothings Limited
Iris Clothings Limited is a fast-growing readymade garment company that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. The Company delivers a broad range of affordable and good quality apparels for infants, toddlers and children in their pre-teens, serving both their indoor and outdoor requirements. It has been in operations for over 17 years and continues to add new product lines by employing the best-in-class technology across its value chain. For more information view www.irisclothings.in
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If you have any questions or require further information, please feel free to contact:
IR Team at Iris Clothings Limited
Registered Office
103/24/1,
Foreshore Road,
Santosh LadhaHowrah - 711 102
Iris Clothings Limited
P: +91 33 2979 0289
santosh.ladha@irisclothings.in
Sonia Keswani/Vikash Verma
Ernst & Young LLP
P: +91 8017393854
sonia.keswani@in.ey.com
vikash.verma1@in.ey.com
Disclaimer:
Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
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Iris Clothings Ltd. published this content on 26 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2022 16:04:00 UTC.
Iris Clothings Limited is an India-based kids apparel company that is engaged in designing, manufacturing, branding and selling garments. The Company's products are sold under its brand, DOREME. DOREME offers a range of apparel for infants, toddlers, and junior boys and girls that suit both their indoor and outdoor requirements. This includes tops, t-shirts, trousers, shorts, dresses, polyfil suits, loungewear/nightwear, sweatshirts, hoodies, padded suits, and accessories, among others. Its brand has a presence in approximately 26 states across India with Maharashtra, Rajasthan, Gujarat, and National Capital Region (NCR) being its key markets. The Company has a presence in the offline market, and also has a direct to consumer (D2C) Website, www.doreme.in. The Company has tie-ups with over 140 distributors who are selling its garments. It has approximately seven manufacturing facilities with two facilities for warehousing and sales.