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Bombay Dyeing to expand distribution network in Tamil Nadu
23 Jan '17
1 min read
Bombay Dyeing, a 137-year old textile manufacturer of the Wadia group that is now focusing on the retail business, is likely to expand its distribution network in Tamil Nadu, said a top official of the firm. The company, which already has a presence in about 350 multi-brand textile stores in the state, plans to double its footprint to 700 stores in four years.
Close to 7 per cent of the total revenue of Bombay Dyeing comes from Tamil Nadu and the company plans to increase it to 10 per cent, said Nagesh Rajanna, chief executive officer of Bombay Dyeing Retail while addressing the media persons.
The company had earned a revenue of Rs 306 crore in the last financial year. It plans to open 50 new stores and franchises in 40 towns in Tamil Nadu by 2020. It currently has 25 stores across nine towns in the state.
The company will enter 20 towns in the next one year through franchises, added Rajanna. (KD)
Fibre2Fashion News Desk – India
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