Chiripal Group, the Ahmedabad-based leading player of textiles, is setting up retail outlets for its lifestyle apparel brand Connexions. Chiripals have so far been making garments for global brands.
Chiripals as a part of their thrust on retail have decided to set up a network of retail stores across the country. The group will invest Rs 15 crore on the network.
This year, the group has decided to set up 30 exclusive outlets, 11 of which will be in Gujarat. In the second phase, in the third and fourth quarter of this fiscal, another 50 outlets will be set up through the franchisee route.
The apparel brands, designed to target young men and women of age group 17 and 35 years will be priced between Rs 199 to Rs 1,399.
The Group, according to Vishal Chiripal, Director, who was speaking to media persons in Ahmedabad, is aiming to increase its turnover from Rs 1,200 crore to Rs 2,000 crore in the next three years.
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