House of Pearl Fashions (HOPFL), incorporated in 1989, is an apparel company operating in the ready-to-wear segment. It is engaged in activities such as manufacturing, marketing and distribution, and sourcing of garments. House of Pearl Fashions product offering includes various kinds of knits, woven sweaters and bottoms in the men women and kids wear categories. It also provides total supply chain solutions to its customers, which include retailers in US and Europe. Some of the company`s clients include JC Penny, GAP, WalMart, Esprit, Tesco and Banana Republic to name a few. HOPFL has 10 manufacturing facilities, seven in India, two in Bangladesh and one in Indonesia. The company`s major supplies come from third-party vendors. It sources apparels from 150 third-party vendors from China, Bangladesh and India. HOPFL is a holding company and operates through its subsidiaries. It has 12 subsidiaries, directly and indirectly, that operate in US, UK, Hong Kong, Indonesia and Bangladesh. Besides these, HOPFL operates in India through its 60% subsidiary, Pearl Global. House of Pearl Fashions entered the capital markets in January 2006 through an an initial public offering of 5.984 million equity shares of Rs 10 each in the price band of Rs 525 to Rs 600 per equity share. The company is based at Gurgaon, India.
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