Ashapura Intimates Fashion (AIFL) is planning to set up 100 retail stores in the next two years. The company has already set up two retail stores in Mumbai in January this year.
The company has proposed to set up 23 more stores in and around Mumbai. These retail stores will sell AIFL’s ‘Valentine’ and ‘N-Line’ branded apparels besides loungewear for men and women, sports wears etc. Priced over Rs 1,099, Valentine is a premium brand while N-Line is sold between Rs 699 and Rs 1,099. The company proposes to meet investment through internal accruals.
Ashapura Intimates Fashion is engaged in the business of designing, branding, marketing and retailing of intimate garments through a well developed & wide distribution network and undertakes sales through organized retail chains and own outlets (of around 105 distributors and have presence in more than 13500 retail counters).
