BWI: Ashapura Intimates Fashion Ltd Forays into Retails Business

Source : Ashapura Intimates Fashion Ltd Thursday, December 18, 2014 5:30PM IST (12:00PM GMT)   Ashapura Intimates Fashion Ltd Forays into Retails Business Plans To Open 10 'Valentine' Stand-Alone Retail Showrooms In Mumbai By March 2015   Mumbai, Maharashtra, India Ashapura Intimates Fashion Ltd. the flagship company of Ashapura –Valentine Group has entered into retail segment. The company’s flagship Valentine Showroom spread over 1550 square feet has opened at Hill Road, Bandra, Mumbai. The 2nd Valentine Showroom will be opened next month at Mulund, Mumbai. The Company plans to set up 10 Company-owned retail outlets across Mumbai by the end of March 2015.   Mr. Harshad Thakkar, Chairman & managing Director of Ashapura Intimates Fashion Ltd. stated that the company plans to expand retail showrooms on franchise basis  across India.   These showrooms will sell intimate garments such as loungewear, bridal nightwear, honeymoon sets, bathrobes, nightwear, sportswear, legging, camisole, bra & panties etc. The new loungewear range is meant for gents, ladies, kids and toddlers.   Mr. Harshad Thakkar further stated that the company has its manufacturing unit located at Thane. The company is in the process of acquiring 2.25 lakh square feet land in Gujarat for the setting up of another state of the art manufacturing plant. Once it becomes operational, the production capacity will be doubled.   Ashapura Intimates Fashion Ltd. has shown encouraging results for the six months ended on 30th September 2014. The total income rose to Rs.78.29 crore, which was Rs. 71.64 crore in the corresponding period of previous year. Profit before tax went up to Rs. 4.09 crore which was Rs. 3.54 crore. Profit after tax shoot up to Rs. 2.77 crore, whch was Rs. 2.39 crore in the previous year.   About Ashapura-Valentine Group The Ashapura Valentine Group consisting of 2 listed companies, viz. Ashapura Intimates Fashion Ltd. and Momai Apparels Ltd. Mr. Harshad Thakkar, Chairman & Managing Director of the group having a great vision, has undertaken rapid expansion of the group. During 2013-14, the consolidated group turnover has crossed Rs. 200 crore. Photo caption:  Photographs of newly opened Valentine showroom at Hill Road, Bandra Photographs of newly opened Valentine showroom at Hill Road, Bandra     Media Contact Details Mr. Nirmal Phophalia, Newsmen PR, ,+91-9870003933 , newsmempr@gmail.com   KEYWORDS: Business/ Finance:Advertising, PR & marketing, Business Services, Clothing & Accessories, Media & Entertainment, Retailers;General:Fashion, Lifestyle   To ensure that you continue to receive email from Business Wire India in your inbox, please add businesswireindia.com to your Address Book or Safe List.   To submit a press release, click here. To unsubscribe or modify your Business Wire India settings, please visit your profile page on Business Wire India. Connect with us on: Facebook | Twitter | Google+

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