Wipro wins deal from Fruit of the Loom

BENGALURU: Wipro has got a multimillion-dollar technology services deal from American underwear maker Fruit of the Loom, a company owned by billionaire investor Warren Buffett’s Berkshire Hathaway.

The Kentucky-based firm is a Wipro customer already. The firm is expected to begin phased transition of its IT services to Wipro and the process will continue through March next year. “Wipro does not comment on specific client engagements,” said a company spokesperson.

The deal focuses on improving efficiency in supply chain and distribution. “We will transition additional services to Wipro Limited, which has been a strategic partner since 2013,” said a spokesperson for Fruit of The Loom.

A phased transition will start immediately and continue through March 2020, resulting in a reduction of approximately 100 positions, primarily located at the Bowling Green headquarters, it said.

According to analysts, such IT infrastructure management contracts may run up to $8-$10 million depending on duration of contract.