Home / Knowledge / News / Apparel/Garments / Future Group anticipates $3 bn revenue by 2010-11
Future Group anticipates $3 bn revenue by 2010-11
25
Feb '10
India's leading retail venture, Future group is pursuing a turnover target of $3 billion as against the current turnover of $2 billion, to be achieved by the end of the next fiscal year. Kishore Biyani, Chief Executive Officer of Future Group, informed.

He was speaking at an interactive session, subsequent to the inauguration of the Sealdah commercial complex which is an initiative by Keventer and Future group in association with the Kolkata Metropolitan Development Authority (KMDA).

He stated that the group, during the corresponding period also intends to expand its space from the current 14 million sq. ft to 17 million sq ft. and anticipates that 55 percent of the projected $3 billion revenue would be generated by the retail segment.

Biyani, while depicting his enthusiasm to start more outlets in Kolkata and other cities in India said, the group over next 3-4 years intends to open two Central outlets in Kolkata. The company is looking for new properties in prime locations of the city.

We have been hunting for good locations in Kolkata since last three years but nothing positive has turned out till date, Biyani said. At present, Future group manages Central outlets in 10 cities across India and Kolkata too should have one, he firmly added.

He also revealed that the group is very much interested in establishing its outlets in the commercial complexes of railways and would love to get associated with Indian Railways. Prior to this too we have tried on this front but did not succeed in cracking the deal, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Marcel Alberts
Eurofibers

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
February 2017

February 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