Representative Image With a growing consumer confidence and festive season in full swing, lifestyle and clothing brands in India are witnessing a strong consumer demand and positive sentiments, after a slower first half of the year. According to industry experts, the season promises a significant sales growth, as the focus shifts toward festive wear, wedding…
Representative image Indian apparel firm Raymond Lifestyle will hire about 9,000 workers for hundreds of stores it plans to add in the next three years, Group Chairman Gautam Singhania told Reuters. Founded in 1925, Raymond’s business, which also includes its real estate and engineering units, spun off its lifestyle division earlier this year to simplify…
New Delhi: Raymond Lifestyle Ltd. (RLL), whose shares will be listed on the bourses on September 5, 2024, is on its way to towards the largest-ever retail expansion by adding 900 new outlets over three years. It is eyeing a 15 per cent compounded annual growth rate (CAGR) to attain around 7 per cent market…
Raymond Lifestyle plans to add 900 stores over the next three years, targeting 12-15% annual sales growth and 18-20% operating profit growth, according to chairman Gautam Singhania. Shares of Raymond Lifestyle, the demerged unit of Raymond, are set to list on the bourses on September 5. Singhania told ET that internal challenges in China and…
Representative Image New Delhi: Raymond Lifestyle has appointed Rajiv Sharma as the Non-Executive Director, expanding its Board of Directors, it announced in a press release on Monday. The appointment follows Raymond’s plan to list the demerged business – Raymond Lifestyle Limited, in early September. On his appointment, Gautam Hari Singhania, chairman of Raymond Lifestyle commented,…
Gautam Singhania, chairman of Raymond Mumbai: Raymond Lifestyle (RLL), the demerged entity of the ₹9,286-crore conglomerate Raymond, has appointed some top executives of India Inc as independent directors ahead of a possible listing next month. Vineet Nayar, former chief executive of HCL Technologies, GC Chaturvedi, former chairman of ICICI, Anisha Motwani, board member of Abbott,…
New Delhi: Raymond, a leading menswear brand in the country, is looking to enhance its relevance among younger demographics and build its ready-to-wear category, said Sunil Kataria, CEO of Raymond Lifestyle, while speaking at the Great India Retail Summit 2024, that happened in Mumbai last month. Kataria outlined the company’s strategic pivot towards casualization within…
