Manyavar adds another store in Hyderabad

Men’s wear brand Manyavar recently opened another store in Hyderabad. With this launch, the brand has reached a total count of 360 stores in India, Dubai and Bangladesh.

Manyavar is expanding fast to reach its target of 600 stores by 2016. Its Managing Director, Ravi Modi, says, “At present, we have 360 stores in total and aim to have 600 stores by 2016. We are right on our target.”

The company, which has been growing at 50 percent CAGR for the last five years, expects a turnover of Rs 700 crore by 2016. Besides, the company is also planning to launch its women’s ethnic wear in the near future.

Manyavar’s global footprint continues rapidly with four stores already opened at Bangladesh. Soon, crossover stores, merchandising diverse products too, will be added across the world. Global is the new local now for the brand. Merchandising tie ups with retail chains like Planet fashions, ethnicity, central and pantaloons are being augmented in display as well as destinations.