Raymond Lifestyle plans 40-50 new stores in Kolkata and West Bengal over 3 years
Kolkata: Raymond Lifestyle Ltd. (RLL) is looking to expand its footprint beyond the 85-strong ‘The Raymond Shop’ network across West Bengal by adding 40-50 more shops in the next three years.
As part of its centenary celebrations and growth strategy, RLL aims to open 900 new outlets pan-India over the next three years.
This will position the company to capture a dominant 7% market share in the rapidly growing men's wear wedding market by 2027, targeting a 15% CAGR.
“As we enter our centenary year, we are thrilled to be expanding our presence in Kolkata, a city known for its rich heritage and discerning taste,” said Raymond CMD Gautam Singhania in Kolkata
Raymond Lifestyle Ltd. (RLL) is planning a major retail footprint expansion across India.
“We see a significant opportunity to connect with Kolkata’s fashion-forward consumers, offering them our unique blend of traditional craftsmanship and modern designs. We are confident our new stores will resonate with the city’s sophisticated style,” Singhania said.
Also, in a significant milestone for 2024, Raymond Ltd. entered the league of the top 10 strongest brands in India, as per the latest Brand Finance report, world’s leading international brand valuation consultancy.
“The company's focus on strengthening its core branded textile business, accelerating apparel garmenting growth, and building new categories like ethnic wear, inner wear, and sleepwear, is expected to drive significant growth in the coming years,” the company said.
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