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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