MAS Brands, a subsidiary of Sri Lankan apparel manufacturer MAS Holdings, is planning to add more of Amante stores to its India list.
The company forayed into the Indian market in the year 2007. It is eyeing to open 100 standalone stores in 15-20 cities in the next three to five years.
Amante is currently available in 1,200 multi-brand stores, 200 large format stores, 7 exclusive brand stores and leading e-commerce sites in more than 20 Indian states.
Acquisitions are also on cards for the company which targets to be the leader in the lingerie segment in the country. The retailer wants 3-4 brands in its portfolio that can contribute significantly to its growth in the Indian market.
Additionally, MAS Brands is planning to introduce Ultimo to India next month. The company owns the majority of stakes in the UK-based intimate wear label.
MAS Brands is aiming high with these strategic moves to lock Rs. 150 crores in revenue in the current fiscal year through its intimate wear business in the country.
