Raymond Lifestyle Job: Raymond a leading name in the ready-made clothing industry, has unveiled plans for significant expansion. The company is set to employ 9,000 people and open 900 new stores over the next three years. Gautam Singhania, Chairman of the Raymond Group, shared these details as part of the company’s vision for future growth.
Raymond Lifestyle Job Expansion Plan:
- 9,000 Jobs:
Raymond will create job opportunities by recruiting 10 employees per new store. - 900 New Stores:
These stores will be set up nationwide, further enhancing the brand’s presence. - Simplified Structure:
Earlier this year, Raymond separated its lifestyle division to simplify its structure and attract more investors. The move aims to boost capital flow to the division and drive growth.
Expanding in the Clothing Sector:
Raymond, already a prominent player in the clothing business, is actively expanding this segment. With approximately 1,500 existing stores, the company is adding new outlets to increase its reach. Apart from retail, Raymond Lifestyle will also hire its factories to meet growing production demands.
Partnerships with Global Brands:
Raymond Lifestyle is also collaborating with major international brands like J.C. Penney and Macy’s to promote foreign brands in India. Singhania noted that these global clothing chains are seeing rising customer numbers and have set their sights on India for future growth.
Strong Global Business:
Raymond Lifestyle exports to regions including America, Europe, and Japan, generating around Rs 1,140 crore in revenue last year, which accounts for one-tenth of the group’s total revenue.
While the company is renowned for men’s suits, it is now diversifying its fashion segment with new offerings. Raymond’s ambitious expansion plan reflects the company’s commitment to growth, job creation, and strengthening its position in the competitive clothing market.
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