Home / Knowledge / News / Apparel/Garments / Gini & Jony on expansion spree
Gini & Jony on expansion spree
Feb '10
Mr. Vikash Sharma, Vice-President (Sales), Gini & Jony, a kid's wear brand informed that the company by means of an Initial Public Offer (IPO) expects to raise almost Rs. 1-1.25 billion by September-October this year. For the purpose they have already submitted their draft red herring prospects to Securities and Exchange Board of India (SEBI).

The earnings accruing out of the IPO would be used to amplify the company's development, along with its domestic and overseas retail network, and also for establishing a third manufacturing unit in the country, Mr. Sharma informed.

In India, the market for kid's apparel is developing at an annual rate of 40 percent and the company anticipates splendid growth this year as it hopes to achieve revenue worth Rs. 3 billion in this financial year as compared to Rs. 2.25 billion in last year.

Mr. Sharma informed that, the company with 12 flagship stores and 250 EBOs at present, intends to launch 110 more Exclusive Brand Outlets (EBOs) and 32 more flagship stores by end of fiscal 2011. The Investment in each flagship store will be around Rs. 4.2 million.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Manuj Terapanthi

Transparent supply chain and fair trade will boost sustainable market

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 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

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

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

Yes No

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

Yes No

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

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