The Collective, the luxury multi-brand retail outlet owned by the Aditya Birla Group, intends to double the number of stores in India in next 3 years.
Reportedly, Rs. 60 crore will be invested in the opening of the stores.
The company has already taken a step towards this by signing leases in 3 Indian cities of Lucknow, Pune and 1 in the National Capital region (NCR).
It is important to note here that The Collective houses over 80 luxury brands. Additionally, it also runs some independent outlets including the likes of Ralph Lauren and Ted Baker among others.
The firm has enhanced its Polo Ralph Lauren and Ted Baker brands and will be unveiling its maiden Fred Perry store later this month.
The Aditya Birla Group and Retail recorded a net profit of Rs. 321 crore in fiscal 2019, which is a three times increase from what it was in the previous year.
Source :- https://in.apparelresources.com/