Arvind Limited, textile conglomerate and apparel retailer, on Monday launched The Arvind Store, its first exclusive brand outlet in Hyderabad, to offer custom tailoring and readymade apparels.
The company would launch 20 more exclusive brand outlets in Andhra Pradesh this year and take the total across the country to 100 outlets in two years. It would invest Rs 100-150 crore in these stores, which would be a mix of franchises and own investments of about 15 per cent.
These stores would account for 25 per cent revenues in three years when it is expected to double the revenues from fabric retail to Rs 800 crore from the present Rs 400 crore, according to Arvind chairman and managing director Sanjay S Lalbhai.The company was expecting a turnover of Rs 4,700 crore in the next fiscal.