Madura Garments promoted global high-end brand ‘Esprit’, a retailer in multiple product categories, has announced opening of around 100 stores across 21 Indian cities over the next three years, up from its current nine-city presence.
Speaking to media on the sidelines of an event in the national capital, Manjula Tiwari, COO, Esprit, said, “We have been witnessing an overwhelming demand of our products in India and we want to expand our reach to more customers.”
“We have been growing at around 167 per cent compound annual growth rate. We are also planning to open a big format store of size in between 10,000 – 15,000 square feet retail space in the capital in the next two years,” added Tiwari.
Globally, Esprit offers 12 product lines encompassing apparel, footwear and accessories through over 640 directly managed retail stores and over 12,000 wholesale points-of-sale worldwide, occupying over 817,000 square metres directly managed retail space in more than 40 countries.
—IndiaRetailing Bureau
