Raymond Ltd has launched its 350th store, The Raymond Shop, in Mumbai. The occasion marked Raymond’s five-decade journey in the textile, apparel and retail industry. As part of its expansion strategy, Raymond also announced its plans to roll out 950 stores by 2010.
Gautam Hari Singhania, Chairman and Managing Director, Raymond Ltd, said, “It is a proud achievement for all of us at Raymond. From the time we launched our first store in 1959, we have strived to provide our customers with an unmatched shopping experience. Every TRS today is more than just a store — it is an institution. Retail is intrinsic to our business and we continue to push aggressively on this front, touching the 950 store mark by 2010.”
Pradeep Bhandari, Group President and Whole Time Director, Raymond Ltd, added, “Over the years, TRS has been providing the best in Indian and international fashion, offering a constant stream of innovative collections, custom tailoring and a wide range of men’s apparel and accessories from brands like Manzoni, Park Avenue, ColorPlus and Parx. The 350th TRS further reinforces our commitment to provide the patrons with a plethora of distinctive brands with an international appeal.”
The 350th TRS launch was followed by a grand fashion walkthrough, showcasing the Spring Summer Collections of Raymond Textile, Manzoni, Park Avenue, ColourPlus and Parx.