 "Raymond Lifestyle Set to Launch Stock Listing and Expand Retail Footprint")
Raymond Lifestyle Ltd is set to be listed on the stock exchanges on September 5, following the demerger of its retail and lifestyle businesses. The company plans to open 900 new stores over the next three years and aims for a 15% compound annual growth rate (CAGR) to secure a 7% Market share in the rapidly growing men’s wedding wear segment by 2027. This strategic move is designed to unlock shareholder value by creating a more focused lifestyle brand. Raymond Group’s Chairman, Gautam Singhania, highlights significant global opportunities, particularly in light of challenges faced by competitors in China and Bangladesh, as well as upcoming trade agreements with regions like the UK and EU.
Raymond Lifestyle Ltd is set to make its debut on the stock exchanges on September 5, following the company’s demerger of retail and lifestyle operations. This strategic move will create two separate listed entities under the Raymond Group. The company has ambitious plans to expand significantly, aiming to launch 900 new outlets over the next three years.
In their latest announcement, Raymond Lifestyle shared that it targets a 15% Compound Annual Growth Rate (CAGR) in its men’s wedding wear sector, with hopes to capture approximately 7% of the Market by 2027. Gautam Singhania, Chairman and Managing Director of the Raymond Group, noted that the demerger is intended to unlock greater shareholder value by allowing a more focused approach in the fast-growing lifestyle Market.
Singhania highlighted that the global Market presents substantial opportunities, especially in light of recent challenges faced by competitors in China and Bangladesh. The firm is also observing trade agreements with the UK, EU, and Australia as favorable conditions for growth.
As Raymond Lifestyle gears up for this exciting phase, industry watchers are keen to see how this new structure will impact its Market position and expansion efforts in the coming years.
Tags: Raymond Lifestyle Ltd, stock exchange, business news, retail expansion, demerger, Gautam Singhania, men’s wear Market, corporate strategy, growth plans, investment news.
What is the demerger involving Raymond Lifestyle?
Raymond Lifestyle has separated from its parent company, allowing it to focus more on its own business and growth.
Why is Raymond Lifestyle adding 900 new outlets?
The company wants to expand its brand presence and reach more customers in the Market.
How long will it take to open these new outlets?
Raymond Lifestyle plans to open all 900 new outlets over the next three years.
Where will these new outlets be located?
The new outlets will be set up in various locations across the country to make shopping easier for customers.
What types of products can we expect at these new outlets?
The new outlets will offer a range of lifestyle products, including clothing, accessories, and home items from the Raymond brand.
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