Ready for lion’s share in garment sector
NT Bureau
Chennai, Apr 16:
Century Textile and Industries Limited (CTIL) has forayed into apparels business in a big way with the setting up of exclusive stores across the country to retail a range of product categories.
Under its wholly owned subsidiary Cottons by Century, the company has 46 stores and 10 franchisee outlets and has begun distribution of varied readymade garments in Kerala with opening of 32 stores through a single dealer. ‘We will be opening 70 new stores in this year, with expansion mostly in the West and North. Around 70 per cent of our operational costs are from retail business for we invest Rs 15-20 lakh per store,’ said Subrata Siddhanta, business head, Cottons by Century, at a press conference recently. Read more about Ready for lion's share in garment sector …