Cantabil India eyes 400 outlets in 1 yr, to invest ₹25 cr

20 Dec '19
1 min read
Pic: Cantabil International
Pic: Cantabil International

Cantabil Retail India plans to expand its presence across the country by raising the number of outlets to 400 from 290 in 12 months and invest ₹25 crore in tier I and II cities, where it foresees immense potential. This year has been positive and the company hopes to continue with the same growth momentum in next year, Cantabil director Deepak Bansal said.

The company is looking to offer the best of fashion and quality, Cantabil said in a statement.

“Our target states are Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal and part of Northeast,” it said. The company is present in 16 states.

As per the statement, the company, which clocked ₹289 crore revenue in 2018-19, is eyeing 30 per cent growth in this fiscal.

Fibre2Fashion News Desk (DS)

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