Red Riding Scarves Celebrates First
Anniversary
·
The brand has opened 50 stores in 17
different Tier 1 and Tier 2 cities
across India
·
The brand has the turnover of
INR50 crore and is expected to double it by the end of next year
Red Riding,
a lifestyle brand having expertise in edgy, urbane, classy and elegant scarves catering
to the fashion and styling needs of women of all ages is celebrating its first
anniversary. It was founded in April, 2016 by Mr. Yogesh Jain and Mr. Paras
Mahajan. It is a part of Mahak Group, which has a turnover of Rs.5000 crores. Within one year of its inception, the
brand has opened 50 stores in 17 different Tier 1 and Tier 2 cities across
India.
The brand aims at giving shape and organizing
an approx. INR10, 000 crore Indian market, 95% of an unorganized sector of
scarves and stoles. The brand is rapidly expanding its footprint in India by
opening. 10 stores in Delhi NCR, 3 stores in Mumbai, 2 stores in Bengaluru , 1 store
in Kota et al..After witnessing the
great response from the people and the growing popularity of the brand in
Kolkata, the brand has opened its third store in the city to fulfill the
demands of its customers.
Commenting on the milestone, Mr. Paras Mahajan,
CEO ,Red Riding Scarves said, ”We are glad that in such a short time span people are liking our products. We plan to
expand our footprints in the neighboring countries like Srilanka, Dubai,
Malaysia, Singapore, Sharjah etc. as we see immense business and growth
opportunities in these countries. ”.
According to a report, the total fashion
accessory retail market is worth Rs 15,557 crore, growing at 18 per cent to 19
per cent and is expected to touch Rs 25,306 crore by end of the year 2017. Red
Riding Scarves offers a wide range of
unique design products at affordable
prices with no compromise on quality of fabric , very cool and classy prints. These products
are easily available in the brand’s store across India and online at www.redriding.in , Jabong, Amazon and LimeRoad.
Red Riding Scarves is a lifestyle brand started in April 2016, by Paras
Mahajan. The products represent the pinnacle of European and Indian
Craftsmanship and are unsurpassed for their quality and attention to detail. It offers
a wide variety of scarves with very cool and classy fabrics available at
affordable prices. Presently, the brand has a turn over of INR50
crores. The brand has online and offline stores.
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