News: SKNL setup Brandhouse Retail to execute expansion plans
(BT 18/04/2006) Kolkata - A subsidiary Brandhouse Retail Limited has been setup by S Kumars Nationwide Limited (SKNL) to carry out expansion plans of opening 100 Reid & Taylor stores and 30 exclusive home textile outlets by the end of the year, Tarun Joshi, chief executive officer of Brand House Retail Limited said here on April 17.
The CEO further said that the company also plans to bring three international luxury or super premium brands in the country and is also set to launch a mid priced menswear brand in August.
Further in the next four months, the company aims to take the number of Reid & Taylor stores to 45 from 24 and by the end of the year, the brand targets to have 100 outlets, each with an area of 2000 sq ft and an investment between Rs 25 lakh and Rs 30 lakh.
The company recently launched home textile brand, Carmichael House to develop fabric for bed, bath and table linen with furnishings for the international market which would be present in 700 to 800 multi brand outlets by next month.
Further during 2005-06, SKNL has recorded a sales turnover of Rs 861.83 crore and expects it grow to Rs 1,081.40 in the current fiscal year 2006-07. However company expects to double its sales to Rs 1,802.20 crore by 2009-10.
The CEO further said that the company also plans to bring three international luxury or super premium brands in the country and is also set to launch a mid priced menswear brand in August.
Further in the next four months, the company aims to take the number of Reid & Taylor stores to 45 from 24 and by the end of the year, the brand targets to have 100 outlets, each with an area of 2000 sq ft and an investment between Rs 25 lakh and Rs 30 lakh.
The company recently launched home textile brand, Carmichael House to develop fabric for bed, bath and table linen with furnishings for the international market which would be present in 700 to 800 multi brand outlets by next month.
Further during 2005-06, SKNL has recorded a sales turnover of Rs 861.83 crore and expects it grow to Rs 1,081.40 in the current fiscal year 2006-07. However company expects to double its sales to Rs 1,802.20 crore by 2009-10.
posted by InCar Group Press Room at 15:24
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