Embroidery textile and apparel manufacturer Hakoba Lifestyle will be planning several brand extensions in the next year, including lines for menswear, home textiles and lingerie. The company will also be expanding its network of stores from its current 50 to 200 by the year 2009. Multi brand outlets will be increased from the current 200 to 800 also.
Hakoba is a Rs. 22 crore company and Rajkumar Sekhani, director of Hakoba Lifestyle plans to increase revenues to Rs. 150-175 by 2009. At present the company is located in 26 cities and will be focusing on tier II and tier III cities for its expansion. Hakoba also plans to enter the Middle East market in the near future.
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