Spreading its franchise network further, Manyavar has strengthened its brand presence in Bengaluru with the opening of 387th store.
Spreading its franchise network further, Manyavar has strengthened its brand presence in Bengaluru with the opening of 387th store. With this, the brand reached Bengaluru once again marking its presence in 149 cities worldwide.“With a vibrant assortment of ethnic wear embellishing every occasion, we continue to grow with you. Being the 18th store in Bengaluru, spread across 2500 sq. ft and being the 28th store in Karnataka, Manyavar will carry on creating everlasting signatures of respect and fashion. Our esteemed association with Manyavar Mohan Lal ji and their incredible support and strength has taken our banner even higher in the world, raising our count with the store,” says Ajay Modi, Director of the company, on the occasion.
The company is looking forward to open 600 exclusive stores, one million square foot of retail space which will include 100 flagship stores and 50 global stores, by 2018. It also wants to raise its merchandising tie-ups with retail chains like Planet Fashion, Ethnicity, Central and Pantaloons. Manyavar has been growing at 50 percent CAGR for the last five years. The brand expects a turnover of Rs 700 crore by 2016. The brand is known for its wide range of sherwanis, kurtas or even Indo-Western wear