News: SGS plans to open retail outlets in two years

(BL 22/02/2007) Kolkata - Mumbai-based SGS Silk Mills Private Limited plans to open retail outlets across the country in the next two years, its Managing Director G D Rathi said on Thursday.

He said here that the company would have a single brand, which would be marketed through all the retail outlets in India.

With an Rs 70-crore turnover, the company has targeted mostly the middle-class customers of the country.

Rathi said that SGS also supplies fabric to all the leading retail chains such as Pantaloons and Shoppers' Stop. He said that recently SGS International had been launched for manufacturing products in Thailand and Korea.

He said that West Bengal was the focus market for the company.