Diwan Saheb to open outlet in Hyderabad
By Our Corporate Bureau | 13 Mar 2004
Hyderabad: Men's clothing brand Diwan Saheb is launching its first outlet in the city.
Delhi-based
Diwansons (India) Private Limited, a 47 year old company,
is the owner of the Rs 20 crore Diwan Saheb brand, which
over the years has acquired a following in international
markets and has an exclusive image in men's haute couture
in the Indian market.
The
company expects a turnover of Rs 1.5 crore from the new
outlet in the first year of its operations.
Sudhir
Diwan of Diwansons, while briefing the media, said that
the new outlet was yet another milestone in Diwan Saheb's
expansion plan which will see it spread its network across
India, while consolidating its strong presence in north
India.
He
said the company was looking at growth through expansion
in domestic markets. "Although we have nine mega
showrooms in India and one in London, our focus this year
will be on expanding domestically. As part of our expansion
plans, we are planning to open a showroom in Bangalore
later this year. An exclusive outlet in Chennai is also
in the pipeline for which negotiations are going on,"
he said.
According
to him Diwansons clocked revenues of Rs 20 crore last
year and expect to touch a turnover of Rs 26 crore by
2005, he said.
The
new outlet showcases traditional wear like jamavars,
jodhpuris, sherwanis,
kurta pyajamas, angarakhas and
bangalas
to tuxedos, cocktail and western business suits and waist-coats
for fashion-conscious males.
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