Raymond is zeroing in on smaller cities with less than 1 million populations for expansion in a bid to avoid being crowded out and take advantage of lower real estate cost. The company plans to open 50 stores, mostly franchisee, in smaller cities by the end of current financial year http://www.raymond.in Raymond With a capacity of 33 million meters in wool & wool-blended fabrics, Raymond commands over 60% market share in worsted suiting in India and ranks amongst the first three fully integrated manufacturers of worsted suiting in the world.
- Raymond runs 390 stores, of which 60 are owned by the company http://www.raymond.in/grp.asp#
- Raymond also has hidden assets in the form of real estate120 acres of land in Thane, current plant shifting by Raymond could unlock value of ~US$250m.
- To shut down denim facility in US and Europe by 4QFY09
Raymond has made Loss in June2008 Quarter results due to VRS scheme and loss made in denim unit.
Face value: 10
Book value: Rs.227
Raymond forayed into garmenting through highly successful ventures like Silver Spark Apparel Ltd. and Regency Texteis Portuguesa Lda (for fine Tailored Suits, Trousers and Jackets), EverBlue Apparel Ltd. (Jeanswear) and Celebrations Apparel Ltd. (Shirts).
Raymond most highly respected apparel brands: Raymond, Raymond Finely Crafted Garments, Manzoni, Park Avenue, Color Plus, Parx, Zapp! and Notting Hill.
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