Gas targets 60-70 percent growth in India

After partnering with Reliance Brands, Italian denim brand

Gas aims to open five-six stores between Fall/Winter this year and Spring/Summer next year. The company has identified Thane, Mumbai, Delhi, Pune and Bangalore as its next retail destinations. And while already having presence in 18 Shoppers Stop and Kapsons departmental stores, moving ahead Gas plans to increase the same. Logging onto e-commerce platform is also on the agenda.

The brand is betting big on India. So it targets achieving 60-70 percent growth in the country apart from other destinations like China, Russia, Indonesia and Brazil.

The company formed tie up with Raymond in 2005 to enter India but in three to four years, they agreed to part ways over difference in business outlook. Now, by signing a master franchisee agreement with Reliance Brands, Gas expects to get correct positioning in India.