Tamil Nadu Handloom Weavers’ Co-operative Society, popularly known as Co-optex, evokes a nostalgic feeling among Chennaites. A saree passed down generations or a bedsheet that has been in a family for over 30 years are common memories attached to the brand. Since its inception in 1935, people's trust in Co-optex has never wavered and it continues to serve its loyal customers. However, after the 1990s, the brand started losing relevance and became less and less popular with the younger demographic. In 2004-05, after Co-optex recorded a loss of Rs 85 crore, the management scripted a turnaround that brought the brand…
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