The Mumbai-based Raymond plans to open over 200 stores across the country. The company is the world's third-largest maker of worsted fabric, used in making men's suits. Currently, it has about 600 outlets across the country.
“We have opened 100 stores in the last three months and plan to open 200 plus stores in the next 18 months. We recently entered Tier III, IV and V cities and towns with our iconic brands. This will further consolidate our end-to-end leadership position in the industry,” declares Gautam Hari Singhania, Chairman and Managing Director at Raymond Ltd.