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Raymond plans capex of Rs 200 crore in FY20

Wednesday, 08 May 2019
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Fabric and fashion retailer Raymond has planned a capital expenditure (capex) of around Rs 200 crore across all businesses in FY20.

The company will continue with the asset-light expansion strategy.

It opened 283 stores in 2018 of which 95 percent were franchise stores.

Apart from this, the real estate project announced by the company in 2018 has received an approval from the board of directors. The residential project will be developed over an area of 20 acre land.  

The project will be developed in two phases and the first phase will see the construction of 10 towers over 14 acre of land parcel. The project will be ready in a period of five years.

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