<p>"We will focus on geographical expansion, both in big and new cities. We are expecting a 30 per cent growth in revenue over last year," Esprit India COO, Manjula Tiwari, told PTI here. Esprit India's revenue for 2009-10 stood at Rs 80 crore.<br /><br />"The Esprit brand has a lot of opportunities in the country and we will continue to grow positively," she said. The high-street brand, which targets the middle-to-upper-middle clientele, entered India in a tie-up with Madura Garments, a wholly-owned subsidiary of Aditya Birla Nuvo, in 2005.<br /><br />The brand offers 12 product lines encompassing women's wear, men's wear, kid's wear and accessories. Currently, present in 12 cities, Esprit, will be expanded to 10 more cities -- both tier I and II -- by this fiscal, she said.<br /><br />The expansion will include a mix of exclusive showrooms as well as shop-in-shops, she said. "We will add 10-15 stand-alone stores and 20-25 shop-in-shops this fiscal," she said.<br /><br />Presently, there are 20 Esprit stand-alone and 25 shop-in-shops housed in high quality retail chains. Esprit is present in 45 countries and is the seventh largest apparel brand in the world with a global turnover of USD five billion.</p>
<p>"We will focus on geographical expansion, both in big and new cities. We are expecting a 30 per cent growth in revenue over last year," Esprit India COO, Manjula Tiwari, told PTI here. Esprit India's revenue for 2009-10 stood at Rs 80 crore.<br /><br />"The Esprit brand has a lot of opportunities in the country and we will continue to grow positively," she said. The high-street brand, which targets the middle-to-upper-middle clientele, entered India in a tie-up with Madura Garments, a wholly-owned subsidiary of Aditya Birla Nuvo, in 2005.<br /><br />The brand offers 12 product lines encompassing women's wear, men's wear, kid's wear and accessories. Currently, present in 12 cities, Esprit, will be expanded to 10 more cities -- both tier I and II -- by this fiscal, she said.<br /><br />The expansion will include a mix of exclusive showrooms as well as shop-in-shops, she said. "We will add 10-15 stand-alone stores and 20-25 shop-in-shops this fiscal," she said.<br /><br />Presently, there are 20 Esprit stand-alone and 25 shop-in-shops housed in high quality retail chains. Esprit is present in 45 countries and is the seventh largest apparel brand in the world with a global turnover of USD five billion.</p>