Home / Knowledge / News / Apparel/Garments / Mandhana plans entry into retail market
Mandhana plans entry into retail market
13
Sep '10
Mandhana Industries, a textile manufacturer, which made an entry into the capital market at the beginning of the current year, intends to penetrate the burgeoning Indian retail market early next year, through introduction of a collection of men's casual wear brands.

Initially the company will start selling commodities through its flagship stores and later on through franchise outlets, informed, Mr. Manish Mandhana, Managing Director Mandhana Industries.

The company's plan for next year, include setting up 10 flagship and 50 franchise stores. It aims to set up 700 franchise format stores in the next few years and will invest around Rs 1.5 billion for retail market, brand promotion and business expansion alone in first phase, added the MD.

Moreover, it will improve its production volume from 50 million pieces to 90 million pieces and plans to add new capacity of 1.8 million meter in fabrics per month to the current 5.2 million meters of fabric. The company garnered Rs 6.25 billion revenue last year and fetched a profit of Rs 480 million.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Apparel/Garments | On 19th Jan 2017

Asahi Kasei to display sustainable fibre at trade shows

Asahi Kasei, specialty Japanese fibre producer, will be displaying...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sonam & Paras Modi
SVA

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

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