Raymond’s flagship brand, Park Avenue is reportedly planning to double the number of its exclusive stores to 200 in coming two years. The company is also planning to open its first international store in Sharjah coming November.
Park Avenue is planning to open 10 exclusive stores in the international market and this will help to double the revenue from international markets to 10% of its top line over the next two years. The company is also exploring south and east African markets for expansion.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.