Max Fashion is planning to launch 300 new stores in India by the end of 2019. The fashion retailer targets to become India's first billion dollar fashion brand in the next three years.
Globally, Max has more than 400 stores across 19 countries. In the last two years, the brand has forayed into 50 new markets. It is further eyeing to enter 20 new markets in fiscal'20.
In India, Max Fashion has over 250 stores across 100 cities. The retailer looks to achieve a target of 500 stores by 2022.
Max Fashion is growing at 32% for the past 10 years. It aims to create over 20,000 new designs a year. The brand is targeting to close fiscal'19 at around Rs 3,600 crores in terms of sales.