Raymond Lifestyle to Add 900 Outlets in 3 Years - Stock Listing on Sep 5
By Rediff Money Desk, NEWDELHI Sep 03, 2024 22:12
Raymond Lifestyle will be listed on the stock exchanges on September 5 and plans to add 900 new outlets in three years. The company aims for 15% CAGR in the men's-wear wedding market.
Mumbai, Sep 3 (PTI) Raymond Lifestyle Ltd will be listed on the stock exchanges on September 5 and aims to add 900 new outlets in three years.
Following the demerger of its retail and lifestyle businesses, Raymond will have two listed entities.
In a release on Tuesday, the company said it will get listed on the bourses on September 5.
The company plans to add 900 new outlets over three years. The Raymond Group's lifestyle business entity is eyeing a 15 per cent CAGR (Compound Annual Growth Rate) to attain around 7 per cent market share in the fast growing men's-wear wedding market by 2027, the release said.
"The demerger aims at unlocking shareholder value by creating a focussed lifestyle business entity. Raymond Lifestyle will sharpen strategic focus in this fast-growing sector to become among the top three global fabric suppliers by the end of this year.
"The global scenario presents significant opportunities, particularly the challenges in China and Bangladesh and trade agreements with the UK, EU and Australia," Raymond Group Chairman and Managing Director Gautam Singhania said.
Following the demerger of its retail and lifestyle businesses, Raymond will have two listed entities.
In a release on Tuesday, the company said it will get listed on the bourses on September 5.
The company plans to add 900 new outlets over three years. The Raymond Group's lifestyle business entity is eyeing a 15 per cent CAGR (Compound Annual Growth Rate) to attain around 7 per cent market share in the fast growing men's-wear wedding market by 2027, the release said.
"The demerger aims at unlocking shareholder value by creating a focussed lifestyle business entity. Raymond Lifestyle will sharpen strategic focus in this fast-growing sector to become among the top three global fabric suppliers by the end of this year.
"The global scenario presents significant opportunities, particularly the challenges in China and Bangladesh and trade agreements with the UK, EU and Australia," Raymond Group Chairman and Managing Director Gautam Singhania said.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Standard Capital
- 1.53 (+ 1.32)
- 28313463
- Srestha Finvest
- 0.81 ( -4.71)
- 21397554
- Vodafone Idea L
- 9.05 ( -0.55)
- 9748360
- Spicejet Ltd.
- 66.89 (+ 1.80)
- 9456364
- Rajnish Wellness
- 2.91 ( 0.00)
- 8347474
MORE NEWS
HCL Tech Shares Hit 52-Week High After Q2 Earnings
HCL Technologies shares surged over 1% to a 52-week high on Tuesday after the company...
Reliance Shares Dip After Q2 Earnings Miss
Reliance Industries shares fell over 1% after reporting a 5% decline in Q2 net profit....
SpiceJet Settles USD 23.39 Million Dispute with...
SpiceJet has settled a USD 23.39 million dispute with aircraft lessors Aircastle and...