Business Standard reports that apparel and home furnishing company Fabindia, will be opening 51 stores across the country to reach a total of 100 stores. The expansion is estimated to cost Rs. 80 crore. In this endeavor, the company has already opened outlets in Amritsar and Dehradun.
In the north, the company will be focusing on Jammu, Ludhiana and Jalandhar. Besides clothing and home textiles, the company is also targeting the organic food segment and is introducing organic snack food in the market.
The company had a turnover of Rs. 135 crore last year and is now planning to reach Rs. 200 crore. Fabindia was founded in 1960 by John Bissell as a showcase of India’s craft and handloom traditions.
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