Raymond aims to increase share of the wedding market, expand Ethnix

Raymond goals to extend proportion of the marriage marketplace, make bigger Ethnix

Raymond is having a look to the marriage put on class to force enlargement and plans to extend its proportion of the Indian wedding ceremony put on marketplace in 2023. The garment trade goals to succeed in this via proceeding to make bigger its manufacturers similar to Ethnix, which it’s opening shops for throughout India. 

Ethnix opened its newest retailer in Pune this month – Ethnix- Fb

“We have now renewed focal point at the wedding ceremony phase,” mentioned Raymond’s crew CFO Amit Agarwal, ET Bureau reported. “We perceive this marketplace smartly since we have now been catering to those consumers for such a lot of years.”
As manufacturers release their collections for the approaching spring wedding ceremony season, Raymond goals to seize a bigger marketplace proportion in 2023 by means of leveraging its distribution community and opening new shops. During the last 12 months and a part, Raymond has opened 45 shops for Ethnix and plans to carry the label’s brick-and-mortar overall to 80 by means of the top of the 2023 monetary 12 months then to 150 by means of the top of the 2024 monetary 12 months. 

Raymond opened its most up-to-date Ethnix retailer in Pune on January 7, the logo introduced on Fb. The shop is situated at Avaanti Apartments and introduced with its newest wedding ceremony put on assortment. 
An finish to pandemic-led restrictions on social gatherings and a moderation in gold costs heralded a go back to standard, huge scale weddings for lots of Indians. Prepared to benefit from this, Raymond additionally lately opened Ethnix shops in Vizianagaram and Ahmedabad. 

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