Home / Knowledge / News / Apparel/Garments / Indian ethnic wear brand eyes Rs 1bn turnover by 2015
Indian ethnic wear brand eyes Rs 1bn turnover by 2015
26
Feb '13
Seven East, the Indian ethnic wear brand having a turnover of over Rs. 400 million, intends to become a Rs. 1 billion company by March 2015, promoter of the firm, Mr. Sanjay Bindra has said.
 
Targeting high-end customers, the brand presently features across 22 Planet Fashions, 48 Shoppers Stops, 17 self-owned outlets and 15 other multi-brand outlets (MBOs), and intends to grow its store count by 20 percent each year, as a part of its ongoing expansion drive, Mr. Bindra said in a statement.
 
Seven East was launched in May 2011 by Mr. Bindra after selling off his total stake in women’s ethnic-wear brand ‘Biba’ during the same year.
 
Mr. Bindra said their talks for raising capital from ICICI Ventures and Everstone Capital were underway, but realizing that they are not in need of any additional capital at present, the talks were suspended. However, in future if they look at raising money, they would not be considering a deal size below Rs. 300 million, he added.
 
He said it is the right time for them to firm up their product offering and for launching more outlets at preferable locations. 
 
Of late the company has also inked a deal with International Indian Film Academy (IIFA) to launch a designer-led collection of Bollywood-inspired clothing.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search