Raymond Apparel plans Rs 600 cr in investment, increase outlets
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Aug, 01 2007

Raymond Apparel plans Rs 600 cr in investment, increase outlets

A wholly-owned subsidiary of Raymond Ltd., Raymond Apparel, with an investment of over Rs 600 crore plans retail expansion across the country.

A wholly-owned subsidiary of Raymond Ltd., Raymond Apparel, with an investment of over Rs 600 crore plans retail expansion across the country.

1The plan is to increase its outlets to 1,000 from about 430 at present in the next three years. Currently, Raymond has around 355 'The Raymond Shops' retail outlets and 75 exclusive branded stores across India.

However, the total investment could be in the range of Rs 600 crore as it takes between Rs 50 lakh to Rs one crore for setting up an outlet. The plan includes a mixture of franchise stores and company-owned outlets.

Raymond Apparel sells readymade garments under popular brands such as Raymond, Park Avenue, ColorPlus, Parx, Zapp!. The company has launched Notting Hill earlier this year in Chennai and has since taken the brand to Maharashtra, Gujarat, Tamil Nadu, Kerala, Bihar and West Bengal.

As part of the future growth, the brand would be launched in Delhi by September and by October the entire country would be covered.

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