PDS Multinational Fashions stock hits new high on boarding a team focusing on young fashion print and fast fashion

Russell Wyeth and the team will be based out of UK.

Jul 22, 2021 04:07 IST India Infoline News Service

PDS Multinational Fashions has announced that the Company has brought on board a team of 8 led by Russell Wyeth. Russell brings, to the PDS platform, 30 years of experience supplying to the UK high street & digital retailers.

“We are happy to have Russell Wyeth and the team join the PDS platform. The team brings expertise in categories/segments in which we are focusing on building capabilities. Not only is this bringing in new customers and new categories, but we also see a lot of synergies with our existing businesses that currently operate in other geographies enabling us to deliver more value to our customers” said Pallak Seth, Vice Chairman, based out of Hong Kong.

Sanjay Jain, Group CEO further added “The PDS plug and play platform operates with entrepreneurship spirit at its core. We continue to leverage this business model and have new business teams join us and enable us to expand our global footprint. Fast-fashion has gained immense traction globally and we have seen large and successful brands operate in this segment. Russell and the team further strengthen the PDS platform and bring with them immense expertise and experience in young fashion print and fast fashion. We are thrilled to have them join us and look forward to this translating into a win-win journey for the PDS platform, our customers, and our stakeholders."

“We are very excited to join the PDS ecosystem and will focus on bringing a new point of difference to the already successful PDS platform. Clothes are not a commodity to us but the experience of taking an idea, along with our market intelligence to create a new platform of the product. The retail world has changed forever, and we are perfectly positioned to maximize the opportunity.” said Russell Wyeth.

Russell is joined by Anna Wallace (Merchandise Director), Lisa James (Design Director), and Kate Coates (Commercial Director). This team will be focusing on young fashion print across categories of jerseys, t-shirts, shorts, hoodies, jackets, and swim shorts and will also cater to online channels. Along with focusing on adding new customers in the UK and Europe region, Russell and the team will also collaborate with our existing teams in Turkey to provide young fashion print for our fast-fashion customers.

Russell Wyeth and the team will be based out of UK.

On Sensex, PDS Multinational closed at Rs1240 per piece up by 5.4%. The stock has touched a new 52-week high of Rs1250 per piece earlier today. 

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