Lilliput plans expansion on back of PE funding

01 Jul '10

2 min read

An investment funding worth Rs 3.85 billion from the private equity firms Bain Capital and TPG Growth, has geared up Lilliput Kidswear, India's leading kids wear brand to amplify its retail space to almost double, by the end of this year with a total investment of Rs 1.75 billion.

The company intends to start around 70 new outlets across India and four outlets in West Asia. It even intends to launch its brand new range of casual wear for children, 'Everyday Essential', for a price starting from Rs 125 onwards, in the month of September.

Sanjeev Narula, Chairman and Managing Director, Lilliput stated that, this year they plan to double their retail space from 2,35,000 square feet to 4,50,000 square feet. Also, while considering their plans of launching new stores within and outside the country, during the year, they expect to also reap a turnover of Rs 6.25 billion as against Rs 4.15 billion during the previous year.

He also added that, they are to come up with 50 new outlets of Lilliput and 20 outlets of Lilliput World in Tier I, II and III cities like Delhi, Mumbai, Jalandhar, Amritsar, Jaipur, Pune, Guwahati and Jodhpur. As also, four new outlets of Lilliput World will be launched in West Asian provinces like Abu-Dhabi, Dubai and Kuwait.

Fibre2Fashion News Desk - India

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