19 November 2021, Mumbai:
Fashion and lifestyle brand Guess plans to open 50 stores across India and touch a revenue mark of Rs 300 crore in the next five years. It will open its first ten stores this financial year.
The plan is to expand the base to the metropolitan cities and slowly penetrate into tier-2 markets, touching the top-grossing malls for the ease of consumers, said Manoj Nair, CEO, Gaurik Lifestyle - Guess International, its licensee in India.
“Then, we will gradually look into approaching the micro-markets and launching accessory stores in smaller cities that will carry our key categories like handbags, watches, etc,” he added.
(The news article has not been edited by DFU Publications staff)
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