Indian apparel company Raymond Lifestyle is hiring around 9,000 people for hundreds of new stores planned over the next three years, group chairman Gautam Singhania revealed in a recent statement to Reuters. The company plans to hire 1,000 employees. Founded in 1925, Raymond has restructured its business and recently created a lifestyle division to simplify its operations, attract more investors and give newly independent entities access to additional capital. Separated.
Singhania said the company aims to hire an average of 10 people per store for the 900 stores it plans to open, but declined to disclose the current workforce size across its roughly 1,500 existing stores. . In addition, Raymond Lifestyle plans to recruit talent at its factories to strengthen its sewing capabilities, especially as Bangladesh, a major apparel manufacturing hub, faces challenges such as political instability and flooding.
The company, which supplies apparel to chains like J.C. Penney and Macy’s, has seen a surge in inquiries from customers around the world. Singhania said many brands are moving their operations to India to meet the requirements. Raymond’s clothing business, which exports to the US, Europe and Japan, had sales of 11.39 billion rupees last year, accounting for more than 10% of group revenue.
Singhania also pointed out that Raymond Lifestyle, known for its men’s suits, is exploring opportunities in India’s rapidly growing fast fashion sector. He spoke about the success of Zudio, a Tata Group company, in this market. Indian retail company Torrent, which owns Zudio, is undercutting competitors as consumers looking to update their wardrobe on a budget are increasingly attracted to the company’s offerings, which include a range of products priced below Rs 999. Exceeds.
In conclusion, Raymond Lifestyle’s strategic expansion reflects the company’s commitment to meet growing consumer demands, adapt to market changes, and position itself as a leading player in the Indian apparel industry .
