Raymond plans to open 400 new stores in smaller towns for their next phase of expansion. The company currently has 740 stores, 600 of which are under the company’s brand name ‘The Raymond Shop’.
Textiles maker and retailer Raymond plans to invest Rs 250 million to Rs 300 million in FY12 to expand its accessories business and add sunglasses to its range, Gautam Singhania, chairman and managing director, said on Friday.