KOLKATA: Denim and casual wear major Pepe Jeans has decided to open around 50 own stores to strengthen its retailing footprint in India and 20 of which would be opened this fiscal. We already have permission for around 50 own single brand stores," Pepe Jeans India Managing Director Kavindra Mishra told . Mishra said the company was taking over at least some of the franchisee stores to convert them into company owned and company operated stores. Pepe Jeans India recorded a turnover was Rs 424 crore (in wholesale price) last fiscal. Retail value of Pepe Jeans India is pegged at Rs 800 crore.

Source: Economic Times August 13, 2017 04:41 UTC