Raymond Lifestyle Ltd, set to be listed on stock exchanges on September 5, has ambitious plans following the demerger of its retail and lifestyle businesses.
The company aims to open 900 new outlets within the next three years. With a target to achieve 15% CAGR, Raymond Lifestyle is eyeing around 7% market share in the fast-growing men's wedding wear market by 2027. Raymond's Chairman, Gautam Singhania, highlighted opportunities arising from global challenges in China and Bangladesh, along with trade agreements with the UK, EU, and Australia.