Clothing brand Stephens Brothers eyes 40 pc rev growth in FY11

Clothing brand Stephens Brothers eyes 40 pc rev growth in FY11

"We are targeting a 30-40 per cent revenue growth in FY11 and will expand our retail presence through Central in destinations such as Bangalore, Hyderabad and Pune," SKNL Director, Apparel and Retail, Ashesh Amin, told PTI here.

He, however, did not divulge any financial details of the company. Stephens Brothers plans to acquire a carpet area of around 300-400 square feet at Central stores and will retail merchandise for both men and women, including apparels and accessories.

The brand is presently retailed by Brandhouse Retail (BHRL) -- the retail gateway of SKNL in India, through 17 exclusive brand outlets across six cities.

"We will increase the number of our exclusive showrooms to 20 in the next two years," he said. Stephens Brothers, owned by UK's Austin Reed Group and licensed to SKumars Nationwide (SNKL) in India, is a premium brand for men and women.

By end-this fiscal, Stephens Brothers aims to have 10 additional stores in LFS (large format stores) and expects a 10 per cent of revenue to be generated out of exclusive retail outlets like Central.

SKNL is a textiles and apparel manufacturing company with an expertise in multi-fibre manufacturing, which has extended its presence in multiple product categories from fabrics to apparels and home textiles.