Buoyed by an impressive response to its menswear offering, ?The Collective?, the super-premium retail concept/ chain store from Madura Garments of Aditya Birla Nuvo group is ready to explore womenswear in a big way. It is in talks with global vendors, such as dsquared, Ted Baker, Fred Perry, and other apparel majors to bring in a range of clothing line for women. ?The Collective? has not only decided to double the number of stores to 16 in next two years, but also plans to contribute at least 15% to the R2,600-crore Madura Garments in the same period with womenswear too, said R Satyajit, chief operating officer, international brands and new businesses, at Madura Garments Lifestyle Retail Company. Speaking to FE, he said: ?The luxury products market in India is pegged at $5 billion in India and multi-brand apparel and related accessories hold 15%. The segment itself is growing 30% annually, which shows huge potential.?
Madura Garments plans chain for women wear
Buoyed by an impressive response to its menswear offering, ?The Collective?, the super-premium retail concept/ chain store from Madura Garments of Aditya Birla Nuvo group is ready to explore womenswear in a big way.
Written by R Ravichandran
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This article was first uploaded on August twenty-seven, twenty thirteen, at forty-five minutes past two in the night.
