Once Blockbuster had a chance
to buy Netflix with a very reasonable deal ($50 million) but it refused the
offer. If Blockbuster accepted the offer, they could have saved themself from
getting defeated by Netflix. Blockbuster laughed at Netflix’s deal at that
time. In the year 2010 conditions has completely changed. Blockbuster went for bankruptcy
and Netflix made a huge annual net income of $161 million.
Retail icon of India awards, Brand of the year in men’s casual wear at APEX awards, Customer loyalty initiative of the year award and retailer of the year award- attainment of all these happened for a new brand in the apparel industry with the time span of 20 years.
It
is Kamal Khushlani, the Founder and Managing Director of Apparel brand MUFTI. He
lost his father at the age of 19. He hails from a middle-class background. He
started his journey with a barrowed capital of Rs.10,000 from his maternal aunt
and grew his business to a Rs. 395 crore brand today. Kamal did all these with
his love and passion towards fashion retail business. His ambition is to
provide an alternative dressing solution that didn’t conform to the ‘Uniform’
codes of mainstream fashion.
