Licensed-brand

Arvind sells Arrow in India but does not own it, and its own filings with the exchange and the market regulator say so. No filing names the licensor, the term or the royalty. Across 87 listings read on 6 September 2026, 86 sold below MRP, and the brand’s own store cut deeper than Tata CLiQ.

Shein does not trade in India. NextGen Fast Fashion Limited, owned 100% by Reliance Retail Ventures Limited, runs the shop and pays a royalty for use of the brand name. Prices, declarations and the 2020 order, checked 6 September 2026.