Food
Indian clothing label Cantabil is making plans to extend its reach across the country by opening more than 100 new outlets within one year.
The firm currently operates 290 outlets in 16 states within the territory, mostly in tier I and II cities. It plans to invest US$3.5 million to expand its number of locations to 400.
“This year has been a positive one and we are hopeful to continue with the same growth momentum in the coming year,” said Cantabil director Deepak Bansal.
“There is a significant increase in awareness about the fashion trend among the people in smaller towns and cities. We see immense potential in tier II and III markets for expansion.”
“Our target states are Maharashtra, Gujarat, Rajasthan, UP, Madhya Pradesh, Bihar, Jharkhand, West Bengal and part of Northeast,” read a statement from the firm.
