Cantabil Looks Forward for 400 outlets in one year, by investing INR 25Cr
Cantabil Retail India Ltd. the business brand of designing, manufacturing, branding and retailing of apparels in India plans to expand its presence across the country by raising the number of outlets to 400 from 290 and investing Rs 25 crore in tier I and II cities. The Apparel brand with 280+ exclusive retail outlets offers the complete range of Formal-wear, Party-wear, Casuals & Ultra-casual clothing for Men and Women.Deepak Bansal, Director said,"2019 has been a positive year and we are hopeful to continue with the same growth momentum in the coming year. There is a significant increase in awareness about the fashion trend among the people in smaller towns and cities. We see immense potential
in tier II and III markets for expansion,"
The company was looking to offer the best of fashion and quality, Cantabil said in a statement. "Our target states are Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal and part of Northeast,"
As per the IANS statement, the company, which clocked INR 289 Crore revenue in 2018-19, is eyeing 30 per cent growth in this financial year. It is present in 16 states of the country. It has chains of exclusive retail outlets under the brand name "Cantabil" which display and sell the brand exclusively. To enhance visibility and to ensure maximum footfalls, the stores are situated at malls and at prominent locations of the major metro, mini metros, large cities and other Tier II cities. Such metro and cities includes Delhi, Mumbai, Kolkata, Hyderabad, Pune, Jaipur, Ahmedabad, Vadodra, Lucknow, Patna, Ranchi, Meerut, Ludhiana, Jalandhar, Udaipur, Agra, Ghaziabad and Gurgaon etc.
The Delhi-based company in the last 18 years, has become a complete family wear brand with addition of women’s wear segment in 2007 under brand name CROZO. Sales of the Company were Rs.289 Cr. in fiscal year 2018-19. It launched another brand KANESTON in 2013. The KANESTON brand caters to men’s segment in accessories like under-garments, ties, belts, socks, caps and handkerchief etc.
The company was looking to offer the best of fashion and quality, Cantabil said in a statement. "Our target states are Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal and part of Northeast,"
As per the IANS statement, the company, which clocked INR 289 Crore revenue in 2018-19, is eyeing 30 per cent growth in this financial year. It is present in 16 states of the country. It has chains of exclusive retail outlets under the brand name "Cantabil" which display and sell the brand exclusively. To enhance visibility and to ensure maximum footfalls, the stores are situated at malls and at prominent locations of the major metro, mini metros, large cities and other Tier II cities. Such metro and cities includes Delhi, Mumbai, Kolkata, Hyderabad, Pune, Jaipur, Ahmedabad, Vadodra, Lucknow, Patna, Ranchi, Meerut, Ludhiana, Jalandhar, Udaipur, Agra, Ghaziabad and Gurgaon etc.
The Delhi-based company in the last 18 years, has become a complete family wear brand with addition of women’s wear segment in 2007 under brand name CROZO. Sales of the Company were Rs.289 Cr. in fiscal year 2018-19. It launched another brand KANESTON in 2013. The KANESTON brand caters to men’s segment in accessories like under-garments, ties, belts, socks, caps and handkerchief etc.
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