Donear Industries is planning to open 50 exclusive brand outlets (EBOs) focusing on its newly launched neo-stretch fabric, Rajendra V. Agarwal, managing director of the company said.
GBTL, OCM Private Ltd., and Donear Industries are the current three flagship companies under which the corporation operates within the Donear Group. It operates five well-known national brands under these businesses, along with ten or twelve premium labels, serving a wide range of Indian consumers.
“This year, we will be launching two new retail formats – specialty stores and multi-brand outlets. Specifically curated for menswear, the specialty stores will feature a comprehensive range of products crafted from our four-way stretch fabric. Apart from this, we will be establishing a chain of MBO stores under the Donear Group umbrella. These outlets will serve as one-stop destinations, showcasing collections ranging from premium luxury fabrics to general apparel,” he further added.
The company will be opening 50 EBOs and MBOs, spanning across 600-1,000 sq.ft, over the next 2 years via franchise format.
The company is already operating over 450 D’Cot stores under Donear Industries Ltd. These stores are value format stores offering casual trousers and shirts along with other accessories. In the B2C segment, the year-on-year growth for the company stands at 5-10 per cent.