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Mc Jeans manufacturer to opt for listing
22
Jul '10
Producer and distributor of Mc Jeans, PK Garment (Import-Export) Company, is thinking of listing the firm on the stock market within the next three years, as informed by Managing Director, Sunee Seripanu.

But this listing is based on a futuristic goal of the company's sales surging to at least 2 billion baht by next year. This year, its sales are estimated to increase by 20 percent from 2009 to 1.7 billion baht, supported by a fall in operating costs and efficient management.

However, company officials have to yet see the market trend before taking any decision in the future. But plans are on towards getting the company listed we they grow.

The firm is intending to add more Mc Jeans outlets in Thailand, so as to have atleast 50 by the end of the year. As of now, there are 46 outlets across the nation and each new outlet will cost not less than 4-5 million baht.

As per the company officials, the firm holds a share of 25 – 30 percent in the jeans market, second after US brand, Levi's Jeans. In the past years, the jeans market has been increasing as jeans are now considered as must-have apparel in an individual's closet, informed Seripanu.

Fibre2Fashion News Desk - India

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