Home / Knowledge / News / Apparel/Garments / Sequoia Capital furnishes Rs1200 mn to Cotton County Retail

Sequoia Capital furnishes Rs1200 mn to Cotton County Retail

28
Aug '08
Cotton County Retail, a Ludhiana-based textile firm has been reinforced with Rs1200 million from private equity firm Sequoia Capital India.

While talking to the media Mr Sachin Sahni, Vice President of Cotton County Retail stated, “We have received Rs1200 million from Sequoia Capital India which we will use to fuel our expansion”.

This investment will be used to strengthen market leadership of its Cotton County brand and its foray into newer segments. Accessories in the men segment has already been launched while another plan to launch a premium offering and plus size clothing in men's wear is underway. The women's wear and kids segment would also be explored in the future.

Like any other enterprise in the business, Cotton Country aims at expanding its retail presence in the domestic as well as international market. Mr Sahni informed that, “Presently, we have more than 500 exclusive brand outlets in over 350 cities and have decided to foray into overseas market through franchisee in the UAE. Besides, we also plan to increase our network to over 1,000 stores and anticipate a Rs5000 million turnover by FY'10”.

The company's unique selling proposition is its ability to offer the largest range of 100 percent cotton garments at affordable prices and sell cotton suits at price competitive rates.


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Feb 2020

An Industry Goes Viral

When the novel coronavirus, now called COVID-19, was first detected...

Pic: Shutterstock

Textiles | On 20th Feb 2020

Rising global import of sacks and bags

Overall trade of sacks and bags (for packaging of goods) has been...

Pic: freemind-production / Shutterstock.com

Retail | On 20th Feb 2020

Authentic Brands announces acquisition of Forever 21

Authentic Brands Group (ABG), a global brand development, marketing,...

Interviews View All

Yashiki Gumber, Sahiba Fabrics

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Pratik Bachkaniwala, Palod Himson Machines

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Kalai Selvi,

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Mario Castro,

Mario Castro

Fibraltex is an integral factory dedicated to the production of denim...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search