The suiting textiles and clothing brand Raymond Group have launched One Park Avenue, a range of grooming products for their Park Avenue brand. The company aims to double its turnover in the coming years.
The Khadi Gramodyog Bhavan Delhi store witnessed record sales of Rs 1.2 crore (approx $185000) on the occasion of Dhanteras (Indian festival) with the Prime Minister of India terming it as ‘matter of satisfaction’.
Raymond Limited witnessed a 6 percent rise in revenue to Rs 1616 crore (approx $248.1 million) in the second quarter ended September 30, 2017 while its profit doubled to Rs 60 crore (approx $9.3 million)
Flipkart owned online fashion retailer Myntra has partnered with the Ministry of Textiles and will soon be launched an exclusive handloom brand on its portal to support the handloom sector in the country.