Monday, the media reported that Koutons, an apparel and fashion-wear major would be infusing Rs.300 crores in expansion of its new family stores along with its casual-wear brand 'Charlie Outlaw'.
The Company would open 200 new large format Koutons Family Stores apart from another 1,400 stores of Charlie Outlaw over the existing 605 stores of the brand in the next 18 months. The company targets an annual turnover of Rs.1, 800 crores by end of 2009-10 with these expansions, stated the report.
The Koutons Retail Chairman, D.P.S. Kohli, said that currently the company has 60 Koutons Family Stores and 605 Charlie Outlaw Outlets. He further added that the company has sufficient funds left from the IPO to fund this expansion project.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.