Hotline: 1800 102 2007
X
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
  • Partner with Siyaram Silk Mills Ltd - one of the..
    Locations looking for expansion Maharashtra
    Establishment year 1978
    Franchising Launch Date 2006
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    About:LETS DIM SUM …….a baby that was born as a..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About Us    M/S Tanmay Bohra Car Rental Pvt. Ltd. holds a..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Akums Drugs & Pharmaceuticals: Akums Drugs & Pharmaceuticals Ltd, Haridwar,..
    Locations looking for expansion Delhi
    Establishment year 2004
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi 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

Free Advice - Ask Our Experts