a royal classic cut in germany soon
Mumbai: Rs 225-
Royal classic group (RCG)
By the end of October, the German brand will be acquired to achieve faster growth in its textile business in the European market.
R Sivaram, executive director of RCG, told DNA Money, \"We are in the final stages of the acquisition negotiations with a German brand that also has retail stores in Germany and other European markets.
Our team is already in Germany and if everything goes as planned, we will acquire the company by October.
This acquisition will provide us with a platform through which we can sell our own brands and products directly in overseas markets.
Sivaram said the company has enough money to buy a brand and plans to dilute its equity.
\"Our current export revenue is Rs 110.
In addition, we also plan to go public before the end of the next fiscal year . \"
The group has a vertically integrated infrastructure from growing cotton to operating retail stores, with an estimated turnover of Rs 300 for the current fiscal year.
Last week it launched the Swiss club at United Airlines, a series of upmarket Polos and Tees
Establish a brand partnership with Birla Cellulose, fiber sector of Aditya Birla Group flagship Grasim Industry Co. , Ltd.
RCG focuses on the growing domestic apparel market and plans to carry out active retail expansion during the current fiscal year, including increasing its exclusive brand from 21 to 100
Brand outlets from 1500.
It also hopes to bring brands such as classic polo and Swiss club to the international market. The Tirupur-
To meet its own needs, the company is also involved in the field of wind power.
While a 750-KW wind turbine is in operation, four are still under construction.
Total investment is close to 15 crowns.
Its business spans fiber across the entire value chain, retail, including 5,000 mu of order agriculture, modern ginning, A-25, 000 for cotton cultivation
Spinning Mill, knitting, processing, garment making.
The daily installed capacity is 10 tons of knitting, 10 tons of dyeing, 25,000 pieces of underwear, 15,000 T-
20,000 shirts, 1000 baby and children\'s clothing, 400 shirts and trousers.