Delhi-based kidswear brand Gini & Jony is planning to spread its wings by opening more stores in India. It plans to raise up to Rs 150 crore through a private equity investor for the expansion. The kidswear firm is geared up to launch almost 100 stores to tap the targeted consumers. Currently, the company has 235 exclusive stores in the country. The core attraction for the financial investors in taking the stake in the apparel firm would be 17-18 per cent profit margin.
The market for the kids’ garment is calculated to be around Rs 21,000 cr. The company also has plans to raise the funds through public issue of shares in the coming 18-24 months. The company recorded revenue of Rs 280 crore in the last fiscal.
The company is owned by Lakhani Brothers for past three decades who are retailing their apparels through company owned and franchised outlets. Further, the company is in partnership with the well-known international brands like Levi’s Kids, United Colors of Benetton and Puma Kids.
Source: Franchise India