Mumbai, May 24, 2024: Indo Count, the largest global home textile bed linen manufacturer, has signed a licensing agreement with Iconix International Inc. for Fieldcrest and Waverly branded products in the US and Canada. This strategic move further solidifies Indo Count’s position in the US market post the successful acquisition of WAMSUTTA.
The new licensing agreements encompass a wide range of product categories, including sheets, fashion and utility bedding, bath and window treatments among others. This addition significantly strengthens Indo Count’s brand portfolio, enhancing its ability to cater to diverse consumer segments in the US and Canada.
Established in 1893, Fieldcrest has been a trusted name in quality bedding and bath products, originating from the textile mills of North Carolina. This rich American heritage highlights the brand’s commitment to superior quality, both aesthetically and functionally. Fieldcrest provides high-quality bedding and bath essentials that transform everyday routines into moments of indulgence. Known for its simple and elegant aesthetic, the brand ensures that every product not only enhances the home’s beauty but also stands the test of time. Fieldcrest appeals to a diverse age group but skews younger for a home brand, with approximately 60% of consumers across different age groups, reflecting a modern, dynamic lifestyle that values everyday luxury.
Founded in 1923 by F. Schumacher & Co., a maker of exclusive European fabrics, Waverly was created to bring stylish home décor to the emerging American market. Waverly constantly reinvents itself, capturing today’s consumers with a design team that keenly observes and integrates current trends. As a leader in prints and patterns since its inception, Waverly has become synonymous with personal curation in home fashion. The brand’s distinctive use of color in prints, patterns, and textures allows consumers to mix and match, reflecting their personality for a custom-designed look at an affordable price. Waverly’s brand pillars highlight its core values: dependable quality, colorful living, and versatile design for every room.
The diverse demographic appeal of Fieldcrest and Waverly allows Indo Count to effectively target different consumer segments, thereby enhancing overall market penetration. The partnerships also strengthen Indo Count’s commitment to expanding its value-added business, positioning the company for sustained growth and success in the global market. Consumers can look forward to an exciting range of bedding, bath, and home décor items that reflect the rich heritage and innovative design of these brands.
Mr Mohit Jain, Executive Vice Chairman of Indo Count said, “We are thrilled to partner with Iconix to bring these iconic brands to a broader audience in North America. Fieldcrest and Waverly are synonymous with quality, style, and tradition. This partnership aligns perfectly with our commitment to delivering exceptional home textile products that meet the diverse needs of consumers.
The enhanced brand portfolio resulting from these agreements allows us to offer a wider variety of high-quality, stylish home textile products. This move also marks a significant step in our efforts to increase our B2C footprint in the US & Canada market., making our products more accessible to the North American consumers.
With marquee brands in our portfolio, we are gearing towards increasing the share of our branded products portfolio and thereby create a sustainable growth engine. These brands not only allow us to cater to wider consumer tastes and preferences but also increase our manufacturing and designing capabilities, making it a compelling proposition for our stakeholders.”
About Indo Count Industries Limited
Indo Count Industries Ltd (ICIL) is the largest global home textile bed linen manufacturer. Mr. Anil Kumar Jain, Founder & Executive Chairman, has been ranked 10th amongst India’s Best Top 100 CEO’s 2017 by Business Today. Under his leadership, the company has focused on some of the world’s finest fashion, institutional and utility bedding & sheets and has built significant presence across the globe.
Over the years, the company has successfully carved out a niche for itself and has become a total bedding resource. The company’s current annual capacity is 153 million metres. ICRA’s credit rating for the company is ICRA AA- (Double A minus; Outlook Stable) for its Long-Term Bank Facilities and ICRA A1+ (A One plus) for its Short-Term Bank Facilities. CARE Ratings credit rating for the company is CARE AA- (Double A minus; Outlook: Stable) for its LongTerm Bank Facilities and CARE A1+ (A One plus) for its Short-Term Bank Facilities.