Fashion brand Max eyes Rs 3,000 crore revenue by FY18 – Feedback

Value fashion brand Max, promoted by Dubai-based retail and hospitality conglomerate Landmark Group, is eyeing a revenue of Rs 3,000 crore by 2017-18 and plans to add around 100 stores in the next three years, a top company official said.

“We are growing at 35 per cent CAGR (compounded annual growth rate). This year we will be crossing Rs 1,800 crore.We are planning to become Rs 3,000 crore company in the next two years (FY18),” Max Fashion India Executive Director Vasanth Kumar told PTI. Largely a family-format store, Max is a USD 1.6 billion brand across 17 countries. It operates 140 stores across 50 cities in the country and plans to take the total to 250 stores by 2018-19.

http://www.moneycontrol.com/news/business/fashion-brand-max-eyes-rs-3000-crore-revenue-by-fy18_5585861.html

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