Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
May, 28 2014

Manyavar to open 600 stores

The brand intends to open one flagship store in every Tier-I and II city while metros will have at least three to four stores.

Men’s wear brand Manyavar is set to come up with 600 more stores by 2016. The brand intends to open one flagship store in every Tier-I and II city while metros will have at least three to four stores. The brand presently has 22 outlets in Kolkata and 16 outlets in Delhi, out of which four are flagshop stores. While in Mumbai, it has 14 stores, including four flagship ones.

Manyavar has also spread its wings in foreign land with seven stores in Bangladesh, Sharjah and Dubai. The aim is to open more stores abroad. Merchandising tie ups with retail chains like Planet Fashion, Ethnicity, Central and Pantaloons. “There are about 7,000 SKUs in our new flagship store in Mumbai. We have a plan to take the count to 10,000. We want to introduce a premium range with a price tag of Rs five lakh in Mumbai and Delhi markets,” says Sushil Agarwal, Vice President of Manyavar.

Other than introducing premium clothing range, Manyavar looks at launching women’s ethnic wear in future. The company has been growing at 50 percent CAGR for the last five years. The brand expects a turnover of Rs 700 crore by 2016.

Comment
Related opportunities
  • Ethnic Stores
    About MasakaliMasakali is all about ethnic crafts of our country..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Manipal ProLearn, a part of Manipal Global Education Services,..
    Locations looking for expansion Karnataka
    Establishment year 1999
    Franchising Launch Date 2013
    Investment size Rs. 50 K - 2lac
    Space required 200 - 5000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Theme Restaurants
    About:The restaurant concept brings to you fun, casual, authentic food..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Furniture/Home Decor & Furnishing
    About:Bent Chair is a young and conventional brand that has..
    Locations looking for expansion New Delhi
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities