Home / Knowledge / News / Apparel/Garments / Raymond to increase branded apparel business four-fold
Raymond to increase branded apparel business four-fold
10
Aug '16
Courtesy: Raymond
Courtesy: Raymond
Indian textile major Raymond expects its sales from the branded apparel division to grow four fold from the current over Rs 1,000 crore and the fabrics business to double from around Rs 3,000 crore in five years.

This was revealed by Mohit Dhanjal, director-retail, Raymond Ltd who added by saying that the company is expanding its presence to new regions and launching new products using technology.

According to a Business Standard report, Dhanjal was speaking at the launch of its social initiative 'Look Good, Do Good', under which the company offers free stitching of trousers to those who bring old trousers.

Currently, Raymond derives around 65 per cent of its business from fabrics and around 35 per cent from branded apparels. The growth would also come from new and renovated stores across the country.

Raymond which unveiled around 70 stores in the previous fiscal, plans to open around 100 stores in the current fiscal, which will also be opened in tier IV and V towns in India.

The company operates around 715 Raymond stores, of which around 660 are franchisees and its products also reach around 17,000 multi brand outlets in 380 towns and cities. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Marcel Alberts
Eurofibers

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Karan Arora
Karan Arora

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

Judy Frater
Somaiya Kala Vidya

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

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:
March 2017

March 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