Raymond launches ColorPlus brand of kidswear
Monday, Sep 15
.
NEW DELHI - Apparel major Raymond Ltd. has launched ColorPlus
range of
kidswear to tap the estimated 7-bln-rupee market in India, the company
said in
a release.
The organised kidswear market in India is growing at 17% annually,
the
company said.
Raymond said it has opened a 3,200 sq ft store in Ahmedabad--its
largest
in the country.
By the end of the year, the company's kidswear collection is
expected to
be present in 25 of its stores.
Last year, Raymond had introduced the ColorPlus brand of clothing
for
women.
At 2:20PM, shares of Raymond traded at 176.35 rupees, down over 5%
from
the previous close in a weak market. End
.
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