Feedback
A pioneer B2B media and publication platform connecting with Fashion Brands & Retail in India

Raymond on a growth trajectory with innovative strategies

Raymond on a growth trajectory with innovative strategiesGautam Singhania, Chairman, Raymond knows how to identify a real gem. His move of hiring, the then 44-year old Sanjay Behl as the Chief Executive Officer of Raymond in 2013, proved to be masterstroke that helped turn Raymond into a more professionally-run organisation.

Behl deals with textiles, apparel, garments, retail and FMCG segments in the company. His management team is board-managed instead of being promoter managed which allows his team members to present their ideas before a wider audience and get a better feedback.

Expanding export markets for more profits

In the last two years, Raymond has opened new offices in NewRaymond on a growth trajectory with innovative York and London. The brand now plans to focus on exports to three markets including North America, Europe and Japan. These exports currently contribute to only 15 per cent of the company’s revenue. They are however, likely to grow faster in the future.

The rise in these exports will play a key role in generating profits for Raymond, especially as the FMCG industry is currently witnessing a slowdown. However, the company core businesses are likely to register a dip in their EBITDA margins and slow growth in the future. This is compelling Singhania to keep a close watch on its non-core business as they promise stronger growth.

Hiring smart people to deal with slowdown

To deal with a slowdown, Singhania aims to hire smart people which would enable him to spend more time incubating the realty business and now wants to hand it over to professionals and move onto the “next thing”. He also wants to work in education. The motor sports enthusiast was recently elected to the World Motor Sports Council of the FIA. For now, Singhania’s track involves securing legacy plays, while learning the new games in town.

LATEST TOP NEWS
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

18 Fire’s new collection offers traditional garments in a modern avatar

18 Fire’s new collection offers traditional garments in a modern avatar

Rakesh Morvadiya, Director, 18 Fire feels, it’s important for his brand to introduce new innovations in styles while keeping them minimalistic at the same time. “The styles should relate to... Read more

Welspun to unlock market potential with new branding, pricing strategies

Welspun to unlock market potential with new branding, pricing strategies

One of the largest suppliers of home textiles to global giants like Walmart and Target, Welspun is on a mission to change the way Indians use their linen, particularly towels... Read more

Sneakers gain widespread acceptance in India with exposure to fashion trends

Sneakers gain widespread acceptance in India with exposure to fashion trends

India isn’t exactly considered as a big player in the global sneaker market. However, shifting political dynamics, widespread exposure to new trends and growing disposable incomes is making Indian consumers... Read more

Candour London eyes double-digit growth this year

Candour London eyes double-digit growth this year

“Though the Indian lingerie is largely an unorganised industry, but for the past few years, visionary brands like us strive to bring a change by catering to customers’ diverse needs... Read more

Madame adds to the season’s freshness with its new collection

Madame adds to the season’s freshness with its new collection

Sticking to its ethos of being a design-ahead brand, Madame continuously reinvents its multiple product categories with seasonal freshness. “Our upcoming collection boasts of multiple-layers of fabrics blended in a... Read more

Corneliani revamps style with a new collection

Corneliani revamps style with a new collection

Corneliani’s new ‘Style & Freedom’ range for Fall/Winter 2019, presents a sophisticated, quintessential masculine and luxurious style through a contemporary filter to create the perfect balance of beauty, comfort and... Read more

Bonny to strengthen market presence, expects 20% growth this fiscal

Bonny to strengthen market presence, expects 20% growth this fiscal

“There is now a complete transformation in the way ethnic wear is handled with the segment becoming almost indispensable,” says Chetan Dharod, Director, Brand Bonny, a premium player in the... Read more

India’s National E-commerce Policy: A boon in disguise

India’s National E-commerce Policy: A boon in disguise

Expected to reach $200 billion by 2026, Indian e-commerce market is likely to have a total user base of 829 million by 2021. This growth will be primarily driven by... Read more

Competition leads brands/etailers beyond metros to smaller cities

Competition leads brands/etailers beyond metros to smaller cities

With competition in India’s metros and Tier I retail markets intensifying on account of escalating labor and real estate costs, many brands are veering towards the Tier II and III... Read more

Bodycare Creations looks to create a niche with new athleisure range

Bodycare Creations looks to create a niche with new athleisure range

“Changing lifestyle preferences and a promising economy are compelling Indian consumers to be more health conscious and add new health and fitness routines to their already hectic lifestyle, primarily benefiting... Read more

MOST POPULAR NEWS
Go to top