Leading luxury segment retail brand Raymond is planning to launch 40 additional franchisee and six exclusive stores across major tier I cities of the country by the end of current fiscal.
The company has 24 exclusive Raymond stores, besides 65 franchisee and 100 multi brand stores across the country presently. As a part of the expansion plans, the company will also launch a new brand for kids wear. The Baby Zap brand will have 40,000 sq feet of area exclusively dedicated at its various Raymond stores.
Raymond is now looking for a major expansion in the international markets and the company is open to acquisitions, and other kinds of joint ventures.