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Raymond to open tailoring academies across nation
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SME Times News Bureau | 15 Jun, 2012
Renowned clothing brand Raymond, seeking to promote the tailoring trade,
will open 20 tailoring academies and numerous workshops across the
country in the next five years, a top company official said Thursday.
"We
are in talks with several state governments and plan to open 20
tailoring academies and 100 workshops in the next five years, which will
train about 25,000 people," Vice President (Emerging Business) Ram
Bhatnagar told media persons here.
The company has an academy in Patna, which opened last month.
Raymond,
which entered the organised sub-premium textiles market with its
economy brand "Makers" last year and is now present in 472 towns across
nine states, will expand its presence across the country by the
year-end.
"We have over 11,500 retailers of the brand in nine
states and we plan to expand our presence across India starting with
Gujarat, Rajasthan and Maharashtra. By the end of the year we hope
Makers will have a pan-India reach," added Bhatnagar.
The company also hopes that the brand will grow by 15 percent in the next five years.
"The
suiting and shirting market in the country is roughly around 750
million metres of which only 120 million metres is branded. The
encouraging fact is that there has been a continuous shift from
unbranded to the branded segment and we hope to encash on it. Our target
for Makers is to grow by 15 percent in the next five years," Aniruddha
Deshmukh, president (textiles), said.
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