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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Smita Murarka
Amanté

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

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

Madhu Jain
Madhu Jain

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

Ritu Kumar
Label Ritu Kumar

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


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