Home / Knowledge / News / Apparel/Garments / JDS Apparels to raise funds for second phase of expansion

JDS Apparels to raise funds for second phase of expansion

26
Sep '08
JDS Apparels Pvt Ltd, a Noida-based fashion and lifestyle retailer, is planning to raise a capital of Rs400 million from private equity players to fund its second phase of retail expansion in the country.

Sources from the company informed Fibre2fashion that the company is still in the process of raising funds which will be required to set up and run new stores in 2009-10.

The company currently operates 6 stores under the Ritu Wear brand in north India and has plans of coming up with 10 additional stores by the second half of 2009. In fact, two new stores are almost ready to be launched in Faridabad and Indirapuram in a couple of month's time.

While the existing stores are located in Delhi and NCR (Lajpat Nagar, Rohini, Noida and Kaushambi), and Punjab (Amritsar), the new stores are expected to be launched in Panipat, Meerut, Moradabad, Bareilly, Jaipur and Jalandhar.

The current expansion plans for 2008-09 will be funded from internal accurals and it is for the expansion plans of 2009-10 in the second phase for which it will need a minimum sum of Rs400 million. Already talks have been initiated with private equity firms and the deal is likely to get concluded soon.

Plans are also underway to target cities in central India followed by those in eastern and western parts of the country. The company is hopeful that after establishing its presence across the country, a revenues amounting to Rs10,000 million can be expected by 2011-12.

Fibre2fashion News Desk - India


Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Alexander Foll,

Alexander Foll

Germany-based H Stoll AG & Co KG manufactures flat knitting machines....

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Madhu Sudhan Bhageria,

Madhu Sudhan Bhageria

Incorporated in August 1990, Filatex India Ltd manufactures manmade...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

S Ziya Gumuser, Teknomelt

S Ziya Gumuser
Teknomelt

Turkish nonwoven manufacturer Teknomelt has been around for only seven...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

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


October 2019

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

news category


Related Categories:

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search