Home / Knowledge / News / Apparel/Garments / Madura Fashion to add 14 'The Collective' outlets by 2015
Madura Fashion to add 14 'The Collective' outlets by 2015
30
Apr '13
Eyeing to capture a larger share of Indian luxury market, Madura Fashion & Lifestyle, a Aditya Birla Group company, is looking to invest around Rs. 1 billion to increase the number of outlets of its multi-brand retail chain 'The Collective' from the existing 7 to about 20 by 2015.
 
The firm is also aiming to achieve a revenue target of more than Rs. 1 billion by end of current fiscal, Economic Times reported.
 
Madura Fashion & Lifestyle Chief Operating Officer (International Brands and New Business) R Satyajit told PTI that there are few luxury multi-brand stores in India to cater to the gradually rising demand for luxury brands. 
 
Hence, to tap this growing demand they are planning to launch over 14 new company-owned retail chain outlets over the next two-three years. 
 
The company plans to launch three outlets, one each in NCR, Hyderabad and Chennai, by end of current fiscal, and would then focus on North India, he said. Going ahead, they would also focus on expanding in Mumbai, which has a very strong luxury market, he added.
 
Involving an investment of around Rs. 70-100 million, each of the new outlets would spread on an area of about 15,000 square feet for which the company would acquire the space on lease.
 
The funds earmarked for the purpose would primarily be used for designing the interiors of each of the outlets, as per the company’s standards, Mr. Satyajit said.
 
The proposed expansion would add over 150 new jobs to the retail chain’s existing workforce of 150, he added.
 
The retail chain currently offers around 60-70 brands, including McQ Alexander McQueen, True Religion, Paul & Joe, Jacob Cohen and Love Moschino.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marcel Alberts
Eurofibers

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Bani Batra

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

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search