INDIA: Osia Italia Chain To Quadruple Stores
The Osia Italia clothing chain has said it will quadruple its outlets by next year. The Delhi-based company, which has exclusive rights to manufacture and market clothing under the Italian brand of the same name - Osia Italia - will expand from its current six stores to 25.
Three are being opened in the next two months - one each in Delhi, Jalandhar and Ludhiana. And according to managing director Naren Jain, the company hopes to achieve a Rs 10-crore turnover after the expansion has been copleted
Osia, which specialises in Tencel shirts and boot-leg trousers, is one of the few brands in India to use wrinkle-free technology. It has plants at Sahibabad and Naraina with a total washing and dying capacity of 10,000 pieces a day and stitching capacity of 2,000 pieces. 75 per cent of its products are exported, and 25 per cent sold in local markets.
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