"We will close this fiscal at nearly Rs 2,400 crore as against Rs 1,800 crore in the prior fiscal," Max Fashion India executive director Vasanth Kumar told a news agency. “By fiscal 2021, we will be a Rs 5,000 crore company.”
Max Fashion, which is owned by the Dubai based Landmark Group currently operates 190 stores in 75 Indian cities.
The retailer will invest nearly Rs 100 crore for setting up new stores each year, by investing Rs 5 crore to open one new store, which includes Rs 2.5 crore for working capital and the rest on capex. (AR)
Fibre2Fashion News Desk – India
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