New Look set for Landmark JV to tap Indian Retail market

New Look, a $2 billion fashion brand headquartered in UK is likely to ink an equity joint venture with Landmark Group to tap the Indian market. The deal will observe and conform to single brand FDI norms in retailing which allow international brands to hold 51 per cent stake.New Look is also coming up with stores in France and Belgium. It has 570 stores in UK and Ireland. Cotton County plans retail expansionCotton County, a leading premium apparel retailing brand of Nahar Industrial Enterprises Limited launches its 200th exclusive outlet. Cotton County is expected to touch 250 outlets by March this year and plans to be 1,000 strong by 2010. Despite a major plan to expand throughout the country, the company is presently focusing on setting up 400 exclusive outlets in Maharastra, Bihar, UP and NCR.Cotton County, a successful brand, has set its own benchmark in the Indian market. The company aims to offer, at very affordable price, international quality and style apparel. Cotton County is launching Femme, a women apparel range and Tazo, a wide range of kids apparel. By the end of current FY, the company expects Cotton County brand to generate revenues of Rs 1,000 and plans to increase the figure to Rs 275 crore by next FY.

Courtesy: EconomicTimes
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