Garment Retailer plans 450 stores

10 Aug '06
1 min read

Garments manufacturer Koutons Retail India Ltd is looking for a turnover of Rs1,800 crores by 2010 and to achieve this has aggressive growth plans of opening 1,000 stores across the nation by 2007-2008.

It earlier had just 74 stores in March last year and is focusing mainly on spreading its wings in the western and southern parts of the country.

Koutons plans to rise up to 450 stores by the end of this financial year and will launch at least 150 stores in the south.

It will fund this expansion through private equity, internal accruals and borrowing from the debt market.

UTI Ventures recently invested Rs27 crores in Koutons and the company had plans to go for a Rs140 crores IPO.

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