Raymond to launch Italian 'GAS' brand in India

Kolkata, May 16: Raymond Ltd will launch 60 to 70 outlets for its "GAS" brands in India in the next three years.

Raymond President(Retail&FMCG) Anirudh Deshmukh said the GAS is an Italian brand in India and around 60-70 point of sales would be opened in the country.

''The 2000 sq feet outlets would sale Italian designer apparel brands,'' he said.

Following a 50:50 joint venture with Grotto SpA of Italy, one of the most popular fashion companies, Raymond would launch "GAS" brand in India. The first outlet has already been launched in Mumbai.

With a total investment of Rs 50 crores, this venture would bring together Grotto SpA's proven expertise in design with focus on youth fashion casual apparel category.

UNI