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Ferns N Petals eyes Rs 500 crore turnover

Also plans to expand in overseas market

Tags: retail, retailer, news, Fnp

May 12, 2014  |  comments ( 0 )  | 
Ferns N Petals eyes Rs 500 crore turnover

Flowers and gifting retail chain Ferns N Petals aims to more than double its turnover to Rs 500 crore in 5 years. The company is also looking to enhance its presence in overseas market. In a recent media interaction, Vikaas Gutgutia, MD, Ferns N Petals, said, "We are looking at least Rs 500 crore turnover in 5 years. We will expand overseas and want to become world's biggest florist. Our focus will be on overseas operations and e-commerce.”

It also plans to have around 500 retail outlets in the next five years. Elaborating on the overseas operations for the company, Gutgutia said Ferns N Petals will start retail operations in 7-8 countries and begin its e-commerce operations across the globe. Ferns N Petals will add 50 outlets to its network of 180 outlets across India this year. Most of the new stores will be franchised.

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