India’s popular formal clothing specialist Allen Solly is up for a rapid expansion drive by increasing its store presence to 150 by the end of FY 2013, the brand’s Head Mr. Sooraj Bhatt asserted.
Other than its aggressive expansion plans, the urban workplace apparel manufacturer is also expecting a revenue achievement of Rs. 6 billion by the end of the current fiscal, Mr. Bhat said.
Owing to its recent tie ups with online shopping portals like Jabong, Myntra, Flipkart, HS18, Yebhi, Fashion and You, Lime Road and Fashionara, the label is eyeing an additional sales growth of nearly 3 to 5 percent through its e-commerce partnerships.
The clothier, who owns an impressive product folio of 30 brands, plans to foray in kidswear as well as other fashion accessories segments in the future.
Founded in 1993, Allen Solly is owned by Aditya Birla Nuvo’s retail operation brand Madura Fashion & Lifestyle.