Hotline: 1800 102 2007
X
Search Business Opportunities
Feb, 27 2018

Biba Apparels May Double Exclusive outlets by 2020

The company's is also aiming an increase in business from its value fashion brand Rangriti, launched in 2015, from the current Rs 100 crore to Rs 300 crore.

Women's ethnic wear brand Biba Apparels has planned to open 200 new stores under its flagship brand Biba, across the country over the next three years.

The company's also aiming an increase in business from its value fashion brand Rangriti, launched in 2015, from the current Rs 100 crore to Rs 300 crore.

Siddharth Bindra, the managing director of Biba said the company typically opens about 30-40 Biba stores a year. "Biba is our flagship brand, and we are looking to nearly double the stores from the present 246 stores."

He added, "We currently have about 44 stores under Rangriti, and are looking to triple this business to Rs 300 crore over the next few years.”

Rangriti was started as a value fashion brand, and its standalone stores have doubled in the last two years, with a clear focus on tier II and tier III cities. It is also sold through online platforms and multi-brand outlets.

Biba has also launched five standalone kidswear stores under Biba Kids and has about five stores.

Bindra Said, "We will increase this to about 15-20 stores in the next three years.”

The firm is also wanting to venture into fashion jewellery, to be retailed at the Biba stores, later this year.

He added the company is growing its revenues annually at 30-35 per cent, and is expecting to close this year with revenues upwards of Rs 600 crore. He further said that the expansions will further help it maintain growth momentum.

Biba counts private equity firms Warburg Pincus, and Faering Capital among its investors.

Comment
Related opportunities
  • Others Food Service
    About :  Eggsplore is a rising chain of themed fast food..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • TV Channel/Network
    About Us:  A golden opportunity to join the most trusted business..
    Locations looking for expansion Uttar pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
  • Want to have your own business that is spread globally..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Nagpur Maharashtra
  • Casual dine Restaurants
    About Us: As the name suggests, Dhadoom is a fun brand..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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