Sangam (India), a leading integrated textile conglomerate in India, has floated a 100 percent subsidiary -- Sangam Lifestyle ventures -- for its retail business. The new subsidiary will focus on developing new exclusive chain of stores under C 9 Fashion brand name while the company will continue to expand its multi-brand outlets.
So far, the company has already appointed 700 MBOs (Multi Brand Outlets) all over India and intends taking this network to 1000 by the end of this financial year. Meanwhile, it is planning to set up set up 10-15 EBOs (Exclusive Brand Outlets) ON COCO and Franchise Model by the end of this financial year. The company has already started its online retail initiative with c9fashinn.rom and has also tied up with several online retailers in the country.
The company is all-set to open its first exclusive brand outlet in Mumbai by June end. The company will offer more than 100 exclusive ranges of products in these stores. The company plans to open 10-15 stores in tier I and tier II metro towns by the March 2017. C 9 Fashion label offers a range of progressive seamless wear like Intimate Wear, Active Wear, Yoga Wear, Shape Wear and Leisure Wear for women, which blends seamlessly with their lifestyle while meeting their aspiration for range, colour and style.
Sangam India is among the top three producers of PV dyed yarn in India with total spindleage of 201,216 numbers. The company also has 30 million metres per annum (mmpa) ready-to-stitch fabric manufacturing capacity, a 52mmpa fabric processing capacity and 40mmpa denim fabric manufacturing capacity.
