Home / Knowledge / News / Apparel/Garments / Gitanjali Gems plans foray into apparels
Gitanjali Gems plans foray into apparels
05
Mar '11
Next to real estate and luxury lifestyle products, the Rs. 65 billion turnover Gitanjali Gems is now entering the branded apparels sector. The company is mainly recognized as a manufacturer and retailer of branded jewellery.

In order to support its large scale retail activities, the company proposes to launch its own clothing brands over the next six months, which would include three women's wear brands, one kid's wear and one men's wear brand.

The company, last year launched seven multi-brand outlets under the name 'Maya'. Each of the outlets is spread on an approximate area of 20,000 sq ft. These outlets owned by Salasar Retails, were bought out in 2009.

The company intends to further invest Rs. 120 million to launch five more 'Maya' outlets in Raipur, Ranchi, Cuttack, Agra and Hubli, over the next six months.

Gitanjali has adopted a revenue sharing model, under which premium lifestyle brands will display products at their own cost.

The company targets Rs. 10 billion in sales revenue from the Maya outlets over the next three to five years.

Fibre2fashion News Desk - India

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

LyondellBasel expands Texas plant ethylene capacity

US based producer of petrochemicals and speciality chemicals...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Larry L Kinn
Suominen Corporation

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

Silke Brand-Kirsch
Schlegel und Partner

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

Kerem Durdag
Biovation II LLC

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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